Consider the ADR for these days, between 80/100 pips, and where is the open. If we take the London session high and we calculate the difference from the opening, we can see the range would be around 60 pips. And the range for the day should be 80-100 pips. then the daily target will be to achieve just 25 pips If we break down this also into couple of trades to achieve, then it becomes even easier. target this 25 pips with 5 or 6 trades. that brings it to around 5 pips to win on every trade. Now that there is a simple plan that is easy to execute in hand, lets remember few more things. Good Ideas for Home Cooked Meals Some FX pairs have bigger ranges than others, the average daily range on Cable is 170 pips on trend days and 60-80 pips on neutral and range extension maybe about 120 pips. Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. *Increasing leverage increases risk. GAIN Capital Group LLC (dba FOREX.com) 135 US Hwy 202/206 Bedminster NJ 07921, USA. EUR/USD’s average daily move is much smaller at only 65 pips. However, the spread of 1.2 is only 1.85% of the daily average move. That means EUR/USD only needs to move roughly 1.85% of the daily average move to breakeven. Right now, I’m using a broker where the spread is only 0.1 pips on average.
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