Many studies about mass psychology in markets have shown that order clustering around round numbers have some strong statistical evidence. Since many market participants are focused on and around round numbers the market behaves accordingly
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That's why stop hunting is so easy for market makers. Everyone is doing the same stupid shit, over and over again
thats how these whales make their money even in choppy markets
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Of course they do. The market is just the same, people trying to trick other people into doing the opposite trade they're doing.
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Wish I would have understood this sooner in my trading career. Live and learn.
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Unleas it's 8888.8888 on Chinese New year hehehe
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Oh yes they does! That's how I makez my money yopic.twitter.com/Xm4LzEwsY5
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Well actually 9k level was holding pretty strong yesterday
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Insert 1broker ref link here
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