Everyone is my definition of 50 pips correct? my definition: (eur/usd) 1.32000->1.32050.
Do I have it wrong or are people on forex factory abbreviating when they talk about pips? For example I just read a post where someone said he set his sl on the 1 hour time frame to 50 pips. But isn't that a tiny sl? Does he mean 500 pips?
clarification appreaciated
Do I have it wrong or are people on forex factory abbreviating when they talk about pips? For example I just read a post where someone said he set his sl on the 1 hour time frame to 50 pips. But isn't that a tiny sl? Does he mean 500 pips?
clarification appreaciated