CalebDismuke

Sitting at a big round number.

FX:EURUSD   Euro / U.S. Dollar
I have found that big round numbers tend to draw out the orders. This has been confirmed by ex-bank traders I have chatted with and my observing the market over the years. I tend to think of support and resistance as zones, not a hard number.

Remember, the only way you can win is if other traders enter orders on your side of the order flow. So the question I ask is not what I see, but what other traders see. Right now 1.0950-1.10 has held as support. The next level of support is around the 1.08 area. Is it a good time to get long? That depends on your trading style

EDUCATION
Most books or blog post are titled, how to win with X, or how to succeed in Y. I tend to invert things. I have this page in front of me everyday. Hope it helps you.

How to fail at trading/investing

Be impatient and take trades that do not have an edge.
Trade with too much leverage.
Take small profits, cut your winners short.
Hold onto to losing trades, hoping they will come back.
Don’t use checklist, they are too simple for your brilliant mind.
Be lazy, don’t go to work on time.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out