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VinMan

Registered: Jan 2008
Posts: 141

08-19-12 03:50 PM

Would you people sort of equate pips to cents per share?

I look for 30-50 pips. If the pair doesnt have 30 pip in the trade that I see I cant enter.

I do the same with stocks. I need 30-50c as a target or the R/R is not there.

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oldtime

Registered: Jun 2011
Posts: 7356

08-19-12 04:36 PM

Quote from VinMan:

Would you people sort of equate pips to cents per share?

I look for 30-50 pips. If the pair doesnt have 30 pip in the trade that I see I cant enter.

I do the same with stocks. I need 30-50c as a target or the R/R is not there.

yes, but in terms of money, there is quite a big difference between 30 pips and 30 cents, due to the crazy margin most forex traders are on.

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Lucrum

Registered: Dec 2003
Posts: 31326

08-22-12 01:55 PM

Quote from MasterGambler:

What is everyone's goals in minimum number of pips per day green in the EUR/USD before you can call it a day? I set my goal at approx 1/3rd average daily range which is 40 pips lately.

I don't have or even think in terms of minimums, simply take as much as I get of whatever the market was offering (based on my technique) that day.

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