hi guys, how have you all done during this large movement down? I just got home. I had a limit sell order at 4690, and so I was able to collect 10pips profit but I missed the big dive down since I was away from my computer. (I don't like to risk as ...

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ok, so it should go down right? Hmmm.....but I wonder if it will spike up before heading down hard?

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gold and oil are up at the moment. Gold had a BIG jump within the last 17min or so.

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Thanks Jurrasic

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just so i can orientate my chart. What value is S1 on your chart? edit: on my chart it would be 4781

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Wow, awesome

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very interesting. Thanks for that, I'll take a closer look at Gold. I do have the XAU/USD open along with a crude oil chart while I look to see where currency will go. But I haven't really closely looked at gold charts--usually I just look at the ...

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Seeing it in percentage form. I didn't realise it was such a big difference. I'm going to look into that. Although having said that I want to figure out currency first and get one thing right at a time lol. But yeah, it's an interesting possibility. ...

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No worries mate, that's cool That is interesting that you only trade gold though

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Thanks dude, I thought of using that just as I was typing my message. I'm not that experienced at using it though. I think you are right though. Thanks for the suggestion. Do you use this limit order types a lot in your trading?

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nah not really. I'm only long for 10pips... I think the bigger trend is down. So i expect it to go up some and then retrace back down to meet the bigger downtrend.

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missed the jump up — Don't you hate it when you leave your computer to go eat dinner or something and then come back to see that you missed the big move? Damnit lol Now I'm debating with myself if I should go long or stay flat. edit: I ...

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I'm not sure but I'm pretty sure a lot of people use the begining of the Asian open to be the starting point of the day. Others are free to correct me if I'm wrong but based on books and websites that I've read. I'm inclined to think that the day ...

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good luck. Quick question though. What made you confident to enter at that point? Was it because it failed to breach the 4750 in a convincing way?

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Just got to my trade station Anyway for me, looking at what happened during the day, the trend is obviously down. After drawing a channel I see that it did penetrate the channel withing the last hour or so in an attempt to go higher. However it ...

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well, we're all on the same team really guys. It's best if we work together and present our views as we see them. Having differeing opinions is where we get the most value from this forum

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I guess today is one of those rare days that I seem to be doing well. I just took another 10pips profit going long. You guys are right though, it may well reverse...but when? Now if you look, you can see that we are now within the previous upward ...

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it has broken the previous 'up channel' lower trend line. So i'm long for some pips.

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yeah you're right to target 48.40 first. I was tring to think about psyche levels though. Stuff that ends in 50 or 00 is something that I"m playing with at the moment. It's really interesting. take right now as an example. If it breaks the 4800 ...

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4850 seems a possibility?

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