View Single Post
  #135 (permalink)  
Old 03-29-2008, 06:27 AM
chirules54 chirules54 is offline
Senior Member
 

Join Date: Mar 2007
Location: Oregon, USA
Posts: 111
Default

Dale, thanks for that input. I guess I never realized how the commodities and indices are so different from forex pairs. Looks like I might have to stick with forex pairs and gold for a while, as it looks to be a little "rich for my blood" for the time being. I was doing some reading on it, and I came across the terms "limit up", "limit down" and "locked limit". I know what limit up and down means, but how do you know what the limit price or the value of a limit move is for a specific instrument? This is part of the SI equation so it looks to be important. I also don't quite understand what happens in a "locked limit" scenario, I was doing some reading and apparently it is a pretty bad thing if say, you are long soybeans and the price gets locked limit down, because the position has moved against you and since the market is locked, you can't get out. What do you do in a situation like this?

-Nick
Reply With Quote