The Calvin L. Rampton Salt Palace Convention Center is in downtown Salt Lake City. The Center has no hotels, but the Marriott Hotel, Plaza Hotel, and Holiday Inn Express are across the street. Cancel. 0.1 mile Marriott Hotel Downtown 75 South West Temple, Salt Lake City, UT 84101.
When trading a mini lot (10k units of currency), each pip is worth roughly one unit of the currency in which your account is denominated. If your account is denominated in USD, for example, each pip (depending on the currency pair) is worth about $1. In a micro lot, or 1k trade, each pip is worth roughly 1/10th the amount it would be worth in a mini lot -- so about $0.10. In all pairs involving the Japanese Yen (JPY), a pip is the 1/100th place -- 2 places to the right of the decimal.
Igor is trying to set a price objective rule based on the probability that a currency will reach its daily range every trading day. Ex. A pair has a average daily trading range of 100 pips. A pair during asian session-in a tight intraday horizontal channel 20 pips wide. 100pips-20pips= 80 pip profit target on breakout from horizontal range. This is a very rudimentary example of his templates in his discrete-systematic method.