I have a sell order 1.20558 and TP 1.20504.
If i hit the TP 1.20504 , how much did the price move in Pips to hit the TP.
I appreciate the reply.
I have a sell order 1.20558 and TP 1.20504.
If i hit the TP 1.20504 , how much did the price move in Pips to hit the TP.
I appreciate the reply.
That would be 5 pips.
so it would be 2055-2050 = 5 pips
We basically ignore the last 5th digit. 1.20558 and 1.20504
Is that correct?
5.4 pips
No, we don’t ignore fractions of pips.
+1 with Clint. Sometimes those fractions of a pip ( or points) make all the difference. 4 points might cover the spread or your in/out commision.
Its a tuff gig if you’re only chasing 5 pips bro.