Quote:
Originally Posted by
joelcf
and an 8 pip spread,
Quote:
Originally Posted by mbqb11
whoa Joel, we gotta talk about where you are trading!
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Here guys, you can attach this to Any Pair, Any Timeframe. {The Text one on the Chart. Not the indi. in lower subframe.}
I like to compare the "Entry Cost" between EURGBP ($40.00 to get in and 3 Pips from B.E.) & GBPNZD.($80.00 to get in and 11 Pips from B.E.)
Which do you think is the better deal?
Contrary to Popular belief, if you look across the board, a Pip is not commonly worth $10.00
Add that to the Current Spread & it may just assist you in deciding whether to Enter (or even exit) a Trade.