Sentences with phrase «pip average daily range»

For instance, you probably wouldn't want to use a 40 pip take profit on a currency pair that has a 60 pip average daily range.

Not exact matches

For instance, If you're considering a trade with a take profit 40 pips away, but the average daily range will be hit in only 20 pips (in the same direction of your trade), you may decide to skip that trade or adjust your stop loss to breakeven earlier than usual.

20 — 30 pips or even more may be more appropriate, depending on the movement of the pair and the average daily range.

That means, the average daily volatility for any 10 day period during that time was only about a 100 pip range.

The average daily true range (ATR) for the pair currently is 56 pips and pays 35 % more return than EURUSD.