Trading Strategy based on round numbers?
Those are usually referred to as "psychological levels". It shows the human desire to have all well defined
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Hi everyone,
I have been trading full-time and am based in a small trading office. 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.
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.
Thanks in advance,