Please Login
Advertisement
3rd Party Advertisement
Go Back
3rd Party Advertisement
Beginners Bootcamp Just getting your feet wet with FOREX? Post and get answers to your newbie questions here.
Reply
 
LinkBack Thread Tools Display Modes
(#1 (permalink))
Old
Private, 1st Class
 
Default How To Calculate The Number Of Pips - 07-18-2008, 07:24 PM

Hello all,

Please can someone tell me how to calculate no of pips from one candle to another.

thanks
Reply With Quote
(#2 (permalink))
Old
Sergeant
 
Default 07-20-2008, 06:32 PM

In theory there are no pips between candles, as one candle ends a new one starts immediately.

The candle "contains or shows" the price variation over its timeframe.
For instance a 5minute candle shows the price over a period of 5 minutes, then a new 5 minute candle starts.

See the candle definition in the glossary.

But what if the price did move between candles? Then you just need to look at the closing level of the last candle (top of the body if it was empty or green and bottom of the body if it was solid black or red) and compare it with the opening level of the next candle. BUT in theory and mostly if not always, in practice, the two levels will be the same.

Also suggest you read all of Babypips.com school section here Forex Training & Education: Beginner Foreign Exchange Currency Trading

42
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


FXOpen mini & micro forex broker - forex services - forex trading Open retail account to receive $500 credit bonus
3rd Party Advertisement
© Copyright www.ForexPeaceArmy.com - All Rights Reserved
TM Forex Peace Army, ForexPeaceArmy, FPA, and the FPA Shield Logo are all trademarks of the Forex Peace Army. All rights reserved under US and international law.

LinkBacks Enabled by vBSEO 3.1.0