xx00 xx25 xx50 xx75 levels | Forex Factory

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xx00 xx25 xx50 xx75 levels

  • #1
  • First Post: Edited Jul 30, 2010 4:41am Jul 29, 2010 4:59am | Edited Jul 30, 2010 4:41am
I've just recently discovered (wouldn't be surprised if it's old, but I'm not much of a reader, rather I learn from observation) that PA obeys levels: xx00 xx25 xx50 xx75.

So, I applied them to the clear chart of mighty fiber, and started trading by just observing what's going on around those levels. And, frankly, I'm pretty profitable with this strategy. It's very simple, which is nice. I use 5min tf, but sometimes go to 1min or above to 15 min.

Anyone used or is still using those levels in trading? Any thoughts? Ideas? How does it look in the long term?
  • #2
  • Jul 29, 2010 9:40am Jul 29, 2010 9:40am
I posted this a while ago:

One can view round numbers as Fibonacci's. The Golden Angle, 137.5 degrees brought around the circle gives you
137.5-0=137.5
137.5-90=47.5
180-137.5=42.4
270-137.5=132.5
360 degrees = 0 degrees, so 137.5 again
In percentages, you get 23.6, 26.4, 73.6, and 76.4 .
25 is the midpoint of 23.6 and 26.4, and 75 of 73.6 and 76.4 . in an approach that is also more accurate than the traditional view.

The Lucas number, 99.5 degrees, also work in same approach.
You get 5.28, 44.72, 55.28, 94.72 {percent}. These midpoint to 50 and (0 or) 100, which are also Fibonacci percentages.

Thus you get round numbers, with an option for more precision for the 25 and 75 and for the 50 and (0 or) 100.
  • #3
  • Jul 29, 2010 12:13pm Jul 29, 2010 12:13pm
Hi there,

How do you use them?

Asking to see if there’s a profitable approach, beside the ones I read that aren’t so profitable.

Thank You

AJR
Ready for War
  • #4
  • Jul 30, 2010 2:33am Jul 30, 2010 2:33am
Quoting AJR
Hi there,

How do you use them?

Asking to see if there’s a profitable approach, beside the ones I read that aren’t so profitable.

Thank You

AJR
Treat these levels as normal resistance / support.
  • #5
  • Edited 3:40am Jul 30, 2010 2:56am | Edited 3:40am
Quoting ha-pattern
I posted this a while ago:

One can view round numbers as Fibonacci's. The Golden Angle, 137.5 degrees brought around the circle gives you
137.5-0=137.5
137.5-90=47.5
180-137.5=42.4
270-137.5=132.5
360 degrees =...
This is not why round numbers "work". They don't magically get some sort of importance from some esoteric numerology. Read Osler.
:edit:
And another big reason for round numbers acting as S/R is options.
  • #6
  • Jul 30, 2010 3:45am Jul 30, 2010 3:45am
Hi T.F.Lawrence,

I work with the xx50 lines on my chart and feel very comfortable doing so, of course price reacts to other round numbers but to keep my chart clean and help me take clear decisions I decided to work only with the 50´s. If you don´t mind I´ll post a chart for you to show what I mean. Basically I trade the H1 timeframe.

Cheers.

Red.
  • #7
  • Jul 30, 2010 3:51am Jul 30, 2010 3:51am
An example.Look how price reacts to them.
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  • #8
  • Jul 30, 2010 3:56am Jul 30, 2010 3:56am
but you can draw a line anywhere on a chart and you will see a reaction somewhere in the past

regards damien
i pull the trigger when others are fearful---me
  • #9
  • Jul 30, 2010 4:36am Jul 30, 2010 4:36am
Here's my today's 5min chart:

[IMG]file:///C:/Users/ADMINI%7E1/AppData/Local/Temp/moz-screenshot.png[/IMG]
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 109 KB


I've already made two profitable scalps just entering after pullbacks.
  • #10
  • Jul 30, 2010 4:38am Jul 30, 2010 4:38am
Quoting eurotrash
And another big reason for round numbers acting as S/R is options.
Could you give more info about that?
  • #11
  • Jul 30, 2010 4:39am Jul 30, 2010 4:39am
Quoting damosdmf
but you can draw a line anywhere on a chart and you will see a reaction somewhere in the past

regards damien
We are not talking about reactions in the past. We are talking about current PA behavior around mentioned levels and reacting accordingly.
  • #12
  • Jul 30, 2010 5:01am Jul 30, 2010 5:01am
Quoting T.E.Lawrence
Here's my today's 5min chart:

[IMG]file:///C:/Users/ADMINI%7E1/AppData/Local/Temp/moz-screenshot.png[/IMG]Attachment

I've already made two profitable scalps just entering after pullbacks.
That´s great. How do you filter direction? Just PA?

Regards.

Red.
  • #13
  • Jul 30, 2010 5:23am Jul 30, 2010 5:23am
Quoting T.E.Lawrence
Treat these levels as normal resistance / support.

Thank you Lawrence,

Already supporting my decisions using it on M15 TF. I believe the same you do on M5. Only for scalping obviously.


AJR
Ready for War
  • #14
  • Jul 30, 2010 5:25am Jul 30, 2010 5:25am
Quoting Rednose
That´s great. How do you filter direction? Just PA?

Regards.

Red.
Well, as always I look at bigger time frames first - I wouldn't buy into shooting star on 1h - but then, yes, all I watch is PA.

As with any other strategy, there's no mechanical system. Always you need some experience and screen time to make an educated guess where PA will probably go in the next few candles.
  • #15
  • Jul 30, 2010 5:28am Jul 30, 2010 5:28am
Quoting AJR
Thank you Lawrence,

Already supporting my decisions using it on M15 TF. I believe the same you do on M5. Only for scalping obviously.


AJR
Sometimes we ask ourselves why PA stopped or turned around some point - I think these levels at least can give you the answer. Besides that, they provide information about next possible stops or holds.
  • #16
  • Jul 30, 2010 5:37am Jul 30, 2010 5:37am
Quoting T.E.Lawrence
Sometimes we ask ourselves why PA stopped or turned around some point - I think these levels at least can give you the answer. Besides that, they provide information about next possible stops or holds.
You may want to peruse your way through this thread I've linked below. You might find some answers to your questions there of how price can react to psych-lines or sweetspots.

Cheers

http://www.forexfactory.com/showthread.php?t=98028
  • #17
  • Jul 30, 2010 5:56am Jul 30, 2010 5:56am
Quoting T.E.Lawrence
Sometimes we ask ourselves why PA stopped or turned around some point - I think these levels at least can give you the answer. Besides that, they provide information about next possible stops or holds.

I just watch when a M15 candle can’t close, or closes, on the other side, and try timing entry with M5. I aim for 50% of the potential movement, approximately 10 to 12 pips or, in a strong trend, I let it go till next FiboPivot. SL of 10 pips or at the other extreme of the candle I’ve entered.

AJR
Ready for War
  • #18
  • Edited 6:18am Jul 30, 2010 6:14am | Edited 6:18am
Gu and ej like these levels. 2 trades from this morning.

First was ej, in move down a push up from 112.50 the strong move has no follow through with a hammer that could not break up and then a shooting star on 5 min. Target the 50 psych level, +18.
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  • #19
  • Edited 6:32am Jul 30, 2010 6:16am | Edited 6:32am
The 5 min gu candles are the same, push up counter (5 min) trend hammer doesn't break through and shooting star. The keys for us (Mrs V and I) are the candles that make up the counter trend move. Again +18 in the move to 50 level.
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  • #20
  • Jul 30, 2010 6:18am Jul 30, 2010 6:18am
Quoting AJR
I just watch when a M15 candle can’t close, or closes, on the other side, and try timing entry with M5. I aim for 50% of the potential movement, approximately 10 to 12 pips or, in a strong trend, I let it go till next FiboPivot. SL of 10 pips or at the other extreme of the candle I’ve entered.

AJR
Watch out around xx00 levels - there's always some fight. Usually fake-outs and pullbacks, so there's always some opportunity around those levels to watch PA's behavior. Often this fight is in the area 13 pips from a level (reaching half of the range i.e between xx13 and xx87, using 5min chart).

Always try to observe PA for some time before jumping to conclusion. And the best times are in the first few hours after Frankfurt and London open, when there's momentum.
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