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Randy,
Yes you can drop the last zero. The example you gave would be a 12.0 point
move. Which would be a $300 move. The third digit to the right of the
decimal is a fraction of a point. You can think of it this way: 9562.5 -
9550.5 = 12.0.
Tim Stevenson
>From: "Randy Barlow" <rcbarlow@xxxxxxxxxxx>
>Reply-To: metastock@xxxxxxxxxxxxx
>To: <metastock@xxxxxxxxxxxxx>
>Subject: EuroDollar
>Date: Tue, 19 Jun 2001 19:38:04 -0400
>
>I am considering trading the EuroDollar. I do not understand the point
>system. I know each point is worth $25.00, but
>how are the points determined?
>Example: Close: 95.6250
> Open: 95.5050
>Do you delete the last Zero, then this was a $120.00 move?
>Thanks
>How Long a Minute is, depends on
>which side of the Bathroom Door you are on.
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