Yes, the numbers held, but what was your basis for making these calls? Was it simply that they were nice round numbers? Did you see some resistance on the charts? A poster on another forum makes the claim that round numbers are great points for entry/exits because it becomes a visual draw for traders. But many times it does not become a bounce trade but support or resistance gets taken out at those levels and the prevailing trend continues. I guess what I am saying is don't get fooled by these nice round numbers as they can be trader traps.
The argument that nice round numbers are great points because it is a visual draw for traders is completely irrelevant in FX, as the specs represent such a small amount of the movement in terms of the price action.
Agree, that's why I call them a trader trap. BTW, see the loonie today? Finally broke out of it's range.
what defines short-term? (1 minute?2,5 minutes?) how many trades per day?...ah so you like to short/sell EUR/USD and GBP/USD...right, cool
just got filled at 1.6290 for a 10 pip profit...cool...real/live trading (non demo trading)...I do much better with the 'non manual' trading..meaning setting orders and 'going on with life' than watching the platform...I get to 'anzy' when 'watching the screen'...best trading to you