Hi Faith My entry is just at the top of the 1st bar over the trend line I didnt use a cross of the trend line to enter Trendline breaks can be used as valid entry points but I look for breaks of shallower angles of trends.Then you can use points ...

What is the meaning of "TL touches" and/or "TLs will trade touches"?

KudzuFx Glad you posted details of some of the pitfalls Better than my "its a bit dodgy" post

Straddling with my spreadbet account

Myself I would like to see resistance somewhere between 684 (76% ret of thursdays bar Dec contract) and 690 and a bit more selling before buying I personally wouldnt feel happy buying without another retrace

Gold's Next Move

Keep in mind the price can move unpredictably around news releases and if your straddle is too close can hit one price then reverse..take out your stop then carry on past the now cancelled order Bit upsetting really Keep your bets to 50p until you ...

Straddling with my spreadbet account

Ive just had a look on the trading platform and that does seem to be how to set orders either side the market You will have to click on both if done buttons to set stop losses for both potential trades

Straddling with my spreadbet account

True Everybody is responsible for their own actions But if nobody posted their own veiws there wouldnt be much of a forum If someone states they think gold will go up or down it would be nice to see their reasoning

Gold's Next Move

Same chart Here you have an uptrend and a downtrend Where the lines cross can sometimes be an important area Though in this case I hope it isnt hit as I am already long

What is the meaning of "TL touches" and/or "TLs will trade touches"?

Faith I chose this example because although it isnt a long trend it shows an example of where trend line resistance becomes support Something to consider and a good reason why you should extend trendlines to the right of the chart as they may come ...

What is the meaning of "TL touches" and/or "TLs will trade touches"?

Do you mean dips today? Personally I will leave it for a day or two to see if it makes a bottom

Gold's Next Move

Its funny how gold has sold off with the DOW Makes me think the drop in the DOW may be a shake out as it dropped to a good daily support then retraced 30%.Hopefully a hammer bar type action today Gold dropped yesterday to the 76% retrace of the last ...

Gold's Next Move

Demo trading is good to learn how the market behaves but you learn a lot about yourself when you put on real money. At the moment you say you get 6-8 pips per day.I dont know what your stop is but if you put on a trade and it goes 3-4 pips against ...

Paper vs Real Trading?

TL means trendline and touches refers to the price touching the trendline after going in the opposite direction to the trend. Then bouncing off the trendline and continuing in the direction of the trend

What is the meaning of "TL touches" and/or "TLs will trade touches"?

Looked on the site I use to trade At 10 AM June contract at 672 Low for day so far was about 5 PM GMT was 669.8 Looks like it could be bad data but can only be sure after tonights data download

Why the sudden spike in Gold?

Glad to help When you get the books put Elders Trading Room to one side and concentrate on Pring.Watch the CD 2 or 3 times to understand the principles then Trading Room will be easy to read. Don't bother about the graph's being about stocks,bond's ...

New to Forex: Need Advice

hi Adelb1985 I agree.. there are great posts on here from a lot of helpfull people,but its hard to understand them until you are familiar with the terms used. A book I would recommend to anyone interested in Technical Analysis is Martin Pring's ...

New to Forex: Need Advice