Trading The Numbers?

[fomumay]

I'd be interested to learn how a number of other Traders pay attention to the 00 20 50 80 Numbers when entering a Trade and how you utilize them?

I see a lot of Traders using Pivots, which by their nature shift as Price moves.

Support - Resistance which, personally I find to ambiguous.

However, the Numbers always stay exactly the same as Price ebbs and flows.

[poliyeipkm]

... and how you utilize them?

IMHO, those RNs aren't tradable per se ... Like some amount, you aren't trading the amount but how the price react on it.

Example: rather than trading the touch (for a reverse entry) or a fracture (for a continuous entry), it's a better idea to let the price confirm the management of its momentum given by the amount. Either a reversal pattern following the touch (eg. Engulf / pinbar) ... or a pullback on the RN after the fracture and a change in the initial break direction.

[OXNGMAGOMA44]

quote IMHO, these RNs are not tradable per se ... Like some amount, you are not trading the level but how the price react on it. Example: instead of trading the signature (for a reverse entry) or a fracture (for a continuous entry), it is a better idea to let the price confirm the management of its momentum provided by the amount. Either a reversal pattern after the signature (eg. Engulf / pinbar) ... or a pullback on the RN after the fracture and a change in the first break direction.

Can you mean here; candle close instead of touch-trading or anything else?

[Oxlmicaljm]

I'd be interested to know how many other Traders pay attention to this 00 20 50 80 Numbers when entering a Trade and how you use them? I visit a lot of Traders using Pivots, which change as Price moves. Support - Resistance which, I find to ambiguous. However, the Amounts stay the same as Price ebbs and flows. picture picture

All all of the support resistance, SD, pivot amounts comes around 00 levels.
I'd rather have a clean conversation with 00 amounts, ought to be great enough to make conclusions.

[poliyeipkm]

quote Did you mean here; candle shut instead of touch-trading or anything else?

Not only candle close ... but the way the price (re)act after reaching the degree.

[fomumay]

quote IMHO, these RNs aren't tradable per se ... Like some amount, you aren't trading the amount but how the price react on it. Example: instead of trading the touch (to get a reverse entry) or a break (for a continuous entry), it's a better idea to let the price confirm the direction of its momentum provided by the amount. Either a reversal pattern following the touch (eg. Engulf / pinbar) ... or a pullback on the RN after the break and a reversal in the initial break direction.

Hi FerruFX,

Here is how I'm looking at it.

[fomumay]

quote All all of the support resistance, SD, pivot levels comes around 00 levels. I would have a fresh chat with 00 amounts.

Hi Rmg,

If you look at any chart you will see the Half Number additionally has a role to perform.

The .20 and .80 behave as an overshoot for its .00 Whole Number and also have their role.

[poliyeipkm]

quote Hi FerruFX, Here's how I Am looking at it. picture picture

Yes precisely. You're trading the response.

[sanlangsag]

Confirmation bias at work using these numbers.

[fomumay]

Mostly confirmation bias in the office working with these amounts.

Hello ,

Is that a good or bad thing?