Yes, the numbers held, but what was your basis for making these calls? Was it simply that they were nice round numbers? Did you see some resistance on the charts?
A poster on another forum makes the claim that round numbers are great points for entry/exits because it becomes a visual draw for traders. But many times it does not become a bounce trade but support or resistance gets taken out at those levels and the prevailing trend continues. I guess what I am saying is don't get fooled by these nice round numbers as they can be trader traps.
A poster on another forum makes the claim that round numbers are great points for entry/exits because it becomes a visual draw for traders. But many times it does not become a bounce trade but support or resistance gets taken out at those levels and the prevailing trend continues. I guess what I am saying is don't get fooled by these nice round numbers as they can be trader traps.