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Dan:
Floor traders use the term "handles" to describe what bank currency traders
call "the big figure." You might call it a "full point," versus calling it
a tick or a pip. So, in the S&Ps, if price is trading at 1200, a one handle
move is from 1200 to 1201. The ticks [or minimum movement] in the S&Ps come
as 1200.00 to 1200.10, etc.
Another piece of floor vernacular that you may hear is this: "What bracket
did you make that trade in?" That's like asking: "What time did you make
the trade?" This is because each fifteen minute segment has a different
bracket designation and trading cards on the floor are marked with the
bracket period they were executed in.
Because I have been giving seminars to floor traders all summer, some of
the terminology has stayed in my "trade speak," because if I say "big
figure" in a seminar to a floor trader, they generally say, "You mean
handle, right?"
I hope that helps.
Tim
At 12:15 AM 10/28/2005, you wrote:
>I have seen the term "handles" in this and other posts. Could someone
>provide a brief explanation?
>
>Thanks,
>
>Dan
>
>
> >From: Timothy Morge <timothymorge@xxxxxxxxxxxxx>
> >Reply-To: realtraders@xxxxxxxxxxxxxxx
> >To: actionReactionLab@xxxxxxxxxxxxxxxxx
> >CC: realtraders@xxxxxxxxxxxxxxx
> >Subject: [RT] Web Site Updated
> >Date: Thu, 27 Oct 2005 22:07:52 -0500
> >
> >Good evening.
> >
> >The web site at:
> >
> ><http://www.medianline.com>http://www.medianline.com
> >
> >
> >has been updated with fresh charts and commentary. For those of you not
> >interested in currency trades or hog trades, this was a classic "zoom and
> >re-test" trade in the E*Mini S&Ps that netted a nice 9 handles on the day.
> >I hope you all find the trade set up and trade management both interesting
> >and informative.
> >
> >I wish you all good trading.
> >
> >Best,
> >
> >Tim Morge
> >
>
>
>
>
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