BG.

remo,

don't you think 1000p will be an important psychological level and a trade that opens at 997p will certainly need a stop?

Hi elena

My problems are normally related to being too accurate.
So in this case i went for the fib at 1005 and this whole area is support. my stops are below 966 so thought that the risk reward was worth entering as ive missed entries before from being to accurate.
Ive traded BG quite a few times in the past from this area and know its qualities so dont want to miss it due to a few points.
Your right 1000 is an important level .

Stops are a must .
Anyone that dont use stops should not be trading.

Supports....998,,984,,966
as can be seen there are 3 levels of support near by so its best to have your stops just below them

dyor
remo

Selling.

As remo said previously, you sell at resistance points. I have these at 1105.7,1177.9. (IG)

I have tried to do the fibs the other way around, to get targets? Is this ok?

The 50% fib and the horizontal support are at 1177.9. 2 areas of resistance.

dl.dropbox.com/u/21384991/bg%20chart.png

For those that follow BG
This is in the support zone now



Stops have to be below 966. This is a must.
The risk to reward is good on this one.

DYOR
remo

Weekly chart



The main trendline is at 955...so if you can put the stops below this as its an important line.

DYOR
remo

This is looking pretty good now with a likely hammer today right at the 61.8% Fib and multiple support. Here's the weekly wave count I posted on another thread:



dl.dropbox.com/u/20815047/BGweeklywavecount19_11_12.gif