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Hi everyone, I have been trading full-time for the past 2. I am currently producing scratch results with one 5M strategy, trading around 25 times a week. Whilst I continue trading my existing strategy, I am looking to develop a new strategy.
Forex Trading UK - FXCM
I am looking at trading on the basis of round numbers in several FX pairs and some indices DAX, FTSE, CAC, SPX. This has been on my list of things I wanted to do for some time.
Rather than going at this alone, I thought it might be good to join forces with somebody else on this task. Thus if you have traded using round numbers in the past, or are presently doing so, or like the idea of getting together to develop this strategy, then please get in contact with me.
Forex Trading Strategies To Trade Round Numbers | Desire To TRADE
Thanks in advance, George. Oh boy, I can't believe what crazy ideas some people are following It was a good idea to buy when we breached the 2k DotCom or the ES actually What's the intuition? Fade the Etrader that reached 1K like? Round number has an edge if you use them with other technical analysis indicator.
For example, spy is trying to break point and traders know there will be some strong resistance in this point.
This happens not only for round number but for day moving average and strong line of resistance at that point.
Using round number as a trading strategy, your odd for winning is low relative to risk you are taking. Many thanks for all the replies - that's much appreciated! To clarify - like some of the other posters stated, I have also paid attention to round numbers in my existing strategy, but am now looking to actually make the round numbers aspect the central component of a trading strategy.
Yes, am planning to take some other technical aspects into account. You must log in or sign up to reply here.
Trading around round numbers [Forex Software]
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