ScottBogatin

follow up gold and oil

Education
TVC:GOLD   CFDs on Gold (US$ / OZ)
more thoughts on oil and gold @ NOON EASTERN. There are lots of ways to determine when you're wrong if you're in a trade. Today because of the selling tails in a market that I think is transitioning lower, I would use today's daily bar as a barometer and stay short until the market retest the breakout, and I would have an alert if today's bar moves above its open, and I would be comfortable if those numbers are appropriate for a trade... to stop watching at market with any degree of intensity. I would just let it play out. If I was in a trade I want to make sure that once the trade is executed that the broker has received and posted my O CO order. This is very important. Always be sure that the instructions you need are recognized and executed by the broker. With my broker the O CO orders are held until I enter the market, but it is possible to enter a market and because of circumstances the O CO orders are not triggered. So make sure your broker is on the same wavelength as you are or you can get hurt very badly.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.