BG.

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

remo,

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

Also the trading range target is roughly 997

One addition to that already mentioned.

There is strong trendline support (closing prices) right on 1000 going back to 2004.

uk.advfn.com/p.php?pid=chartscreenshot&u...%2FkOiBjdyn9GfPVNPw8

F4T

Im already long on this from this morning...
Must say i was thinking about it for a while last night due to the gap down on the ftse that was expected.
My stops are below 970 so technically i think its a good trade with good risk reward.

dyor
remo

best level to go long will be the 61.8 fib area and thats at 1004.Also the round number is strong support.
so worth going long at 1005

stops below 970 as quite a few support levels all the way to 970



also worth a long on first attempt basis

dyor
remo