Traders Laboratory - View Single Post - Playing the Psychological 00 Levels on the YM
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Old 01-15-2007, 04:31 AM
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Re: Playing the Psychological 00 Levels on the YM

yeah, very good thread!.......a lot of similar price action triggers & momentum shifts at these Big Figures between the index ftrs & currencies.......which merely highlights the strong emotive behaviour traits which exist at these important 00's.........

your chart example at that critical juncture is also a very common theme on the majors Walter.......so too the accompanying use of price aid confirmation (stochs/macd/rsi etc)......fake plays will generally set up on pretty good r/r flips as stops get fired off +/- 20 or so pips thru the Round Numbers......lots of paring off ensues at these numbers up & down the ladder, which obviously cause the minor pullbacks.....and it's often amusing to witness the frequency of "trappy" price acivity catch the unwary out as they fight tooth & nail to anticipate the initial direction........

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