{quote} I think you might get me wrong before. I apologize if I offend you. I am need to learn what is special about these numbers. I read a book on this. But in the end, when one observes, its always bound to hit 0.25,0.5,0.75 or 0.00, as much as ,0.2,0.3,0.4,0.6,0.7,0.8,0.9 The author of the book believed in it alot but I still cant understand after "practical" usage. Price still goes wherever it goes. Maybe if someone who understand can can pm me.. as i wish no further thought in harming this thread. I take my leave. Apologies if I sound offensive....
where the MM's want it to go.
The reason it seems to target those price levels is because that's where the majority of the
retail traders place their stops and their orders.
The most effective thing to do is to observe the areas of reasonably recent support/demand.
It is human nature to look for "the truth" in regard to where the price might go. The MM's are
predators, lying in wait for us at those most likely locations.
That's my take anyway, for what it is worth.
