I found the definition online, but im not sure if thats correct. Vegas' quote was
"In a range bound market, which we define as a market between 3 - 5 handles [or lower] in a 5 week time frame"
All currencies are most of the time in a 3-5 dollar range within 5 weeks! Aren't they?
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The whole dollar price, or stem, of a quote.
Investopedia Says: This term is usually used in the foreign currency and money markets.
For example, a foreign currency trading at 75.25 and a money market security trading at 75.75 both have handles of 75. Traders usually do not include the handles when quoting prices because it is assumed that involved traders already know them.
