Dislikedhi pipz4me - thanks for coming back to me. i have placed this order with ig index. to be totally honest with you i'm not sure where to place my stop loss and exit. at present i have my sl at 1730. i haven't worked out the limit (maybe 1606) could you suggest positions that you would consider if entering this trade please?
thanksIgnored
Just some friendly advice - You need to start with stop and exit placement before getting in the trade otherwise you are going to develop some bad habits that will deplete your account and stress you out.
Stop needs to be at a point that wont get you whipsawed out of your trade (20 day ATR for gold is approx $25) but also at a point where your trade idea is clearly wrong. If you are not sure about either then it is much safer for you to work this out on a demo account rather than trading live.
Hope that helps!