image Sell at the central PP was just great today. 3 hours later we had new sell at the 1.3900 round number.

Psych Levels, Pivots, and Trendlines - Resurrected

image This is very interesting trade from today. First I was stopped (may be I should use wider stop in this case). Bids were placed from 1.3890 to 1.3880 and I entered again at 1.3892 with 1/2 of the usual size and I intended to add at 1.3882. ...

Round numbers strategy

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Round numbers strategy

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Round numbers strategy

Constin I'll show you 3 charts from the last few days. After a break above the figure usually I sell 1-2 pips below '20 and '30. If the trade is made before the NY open I use 6-7 pips stop. I don't trade between NY open and 1 hour after London ...

Round numbers strategy

Constin, where did toy get the chart from? All the brokers I use hit 1.4005 at that time. As Jhig said if the price breaks beyond the round number it can go further. We can trade this price move also. See where the large orders are placed and trade ...

Round numbers strategy

Constin probably your broker was missing something. Ibfx shows highest bid 1.4006 and Oanda highest mid price 1.4006 (bid is 1.40055). I was trading during the test of 1.4000 but you can see yourself: image image image

Round numbers strategy

EUR/USD 1.4000 — Yesterday we had an interesting price action around the key 1.4000 level. You can read more about that here: url image

Round numbers strategy

I can share a few more rules that could be helpful when you trade around round numbers. - You should open a position when the price moved at least 15-20 pips for UR/USD and USD/JPY; - You can use 6+ pips stop (if the spread for these pairs is 1-2 ...

Round numbers strategy

This is my favorite strategy but I just outlined its rules in the presentation quoted in the first post of this thread. When you trade at or around round numbers there are a lot of additional rules you can apply. You can find a lot of real examples ...

Round numbers strategy

I can't load Oanda's website since Friday. Does anybody have the same problem?

OANDA Discussion

fffx, I had the same problem but when I mentioned NFA and CFTC they transfered my account to another broker. Oanda is OK although they play some tricks when they can.

retail forex brokers - oanda??

The round numbers and 50's are very strong levels for the USD/JPY. Usually they around these levels are placed Japanese exporters and importers offers. Also the round numbers are used for option s barriers and are defended. That's why the first test ...

Pivot Point, Psych Levles and Intra Day Trend Lines

Great thread acumen. I know how hard it is to be new father and trader at the same time. I have similar trading style. But I use also swing highs and lows on 15M or 1H charts and trade also USDJPY, EURJPY, USDCHF and sometimes GBPUSD. I also look ...

Pivot Point, Psych Levles and Intra Day Trend Lines