Forexzilla.org

Round numbers are probably the best levels of support and resistance. A lot of orders are placed around them and the market almost every time retraces after the first tests. I use the Round numbers for scalping. You can see on the chart how I play the tests. First sell is a few pips below the round number. Second sell is around 10 pips above the round number. Third sell is 20 pips above teh round number. The traget for every position is arond 10 pips. If the currency pair goes against my position I add at the above statted levels and place a stop loss above 30.