Sunday, July 26, 2009

Why my orders have to add or subtract 3 pips?

Hi All,

The question that has always been on my mind... Why does my orders have to add or subtract 3 pips? And Courtney answered it during today's course!

His reply is that the amount of buyers and sellers at the high or low is A LOT. Hence, it is less likely that we get it at that price :) So, when we add or subtract 3 pips, the price of the order is weird. hence, very little amount of buyers and sellers, therefore we can fill the order at about the price and confirm that there is really a breakout :)

Your Friend,
Max Tay

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