Round numbers have never meant anything to me. There is only places where price reacted to. They may or may not tie in with BRN's. Go down a BRN in the NQ. What about 2200? Sweet FA. The level is at 2206 or 2193.
Fair enough. I miss a lot of trades because of my preferences, some good, some bad. Far more bad than good, but that just comes down to how I trade.
By the way, I've come from the same place you have, I'm surprised you don't like them.
I'd also question whether people are really rushing in or out of the market because price is at or near 2206. I'd be surprised if someone who's been around as long as you thinks that things happen to the point or pip.
I look at the chart and think price is pivoting around because people are interested in the area around 2200. You look at the chart and think they're interested in 2206 and 2193. That's fine, whatever you perceive is perfectly valid in my opinion.
As it happens, I far prefer it when the number is pierced, instead of just touched, I think it gives a far stronger signal. I would have thought that it would also be a fairly useful concept for someone training new traders, a very easy way of keeping people away from the traps that all new "price action" traders (for want of a better term) fall into.
What matters is finding a workable method, and that is unique to everybody - certainly to everybody who wants to trade using things like this. In the end though, it is all just opinion. You've got yours, and I've got the truth
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Thanks for dropping in by the way
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EDIT:
Also, see this comment a couple of posts up:
Round numbers are just something I happen to like - 10s and 100s on NQ, 100s and 1000s on YM etc. But you can use whatever you want - pivot points, support and resistance price flips, any area that has significance, where you think there might be interest.
