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General Discussion Discuss anything that is not forex related - because there IS life outside of Forex!

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Old 06-05-2008, 08:52 PM
godoftrading godoftrading is offline
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Default Are whole numbers what they used to be?

It used to be that whole numbers held a particular strength for intraday traders for support or resistance, and to a lesser degree 25s and 50s.

This was more the case with NYSE, but also with NASDAQ to some degree.

But now, with RegNMS, multiple market centers, dark pools, and everything else that has developed over the last few years, it seems that this has changed.

Do you find that these numbers have any significance for intraday traders on a support/resistance basis anymore?
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Old 06-16-2008, 09:40 AM
awsl awsl is offline
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Default Re: Are whole numbers what they used to be?

Definitely Yes. Especially for the first time you are reaching a major whole number.
For example Eur/Usd at 1.6000 is a tough resistance to crack.
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