My Forex Journal

Wizard, after all, round number resistance/support works.
GBPUSD has just fall with extreme volume level when it touched 1.41000.
I think you have a good knowledge of markets...very impressive...
 
victorycountry said:
Wizard, after all, round number resistance/support works.
GBPUSD has just fall with extreme volume level when it touched 1.41000.
I think you have a good knowledge of markets...very impressive...
More...
Thank you for the compliment...
Yes they big boys are having there coffee there, we have to be careful when we are get at those levels...
 
wizard4444 said:
Thank you for the compliment...
Yes they big boys are having there coffee there, we have to be careful when we are get at those levels...
More...

What do you think about fives? GBPUSD is trying to go below 1.40500 level...from my research, it can act as support/resistance levels too.
 
victorycountry said:
What do you think about fives? GBPUSD is trying to go below 1.40500 level...from my research, it can act as support/resistance levels too.
More...
Yes ... it could be but when trading you cannot follow everything cause it will get very hard to trade... I believe the most important numbers are the round (1.100, 1.200, 1.300) and especially the thousands like.. 1.000 , 2.000 , 3.000.
Now if you day trade the SPY definitely the .50 are important and hold very often.
 
You must log in or register to reply here.
Back
Top