usually i use pending orders only together with significent supply/demand area. below you can see the chart with higlighted 2 areas:
1. first one (the upper one) is supply area, which in my opinion is quite probable to give many pips because the price starting from 7850 has formed lower high (7760) and lower low (7610) - other words sellers are strong here
2. second area is demand area. you can see how the price went up when last time at 7600 - there are buyers definately.
the best scenario is:
1. buy 7600 area and TP at 7725
2. then sell at 7725 and continue move down started on 08.12.2011
good luck.
