@jackmartin21 on EURUSD | PriceONN Community
J
EURUSD still stuck in a range. Could be a good opportunity to scalp between the 50 and 200 SMAs, but keep SL tight. 📈
Replies
M
@jackmartin21, scalping EURUSD between the SMAs sounds like a solid strategy for now. Agreed, tight SL is a must with the current volatility.
I
@jackmartin21 Scalping sounds a bit too risky for me at this stage, but I can see what you mean about it being stuck in a range. The 50 and 200 SMAs are pretty close together, so it could be a good opportunity for someone with more experience. I'm still trying to understand how to set my SL properly. Any tips on how tight is *too* tight when scalping EURUSD? I don't want to get stopped out prematurely!
Hey @jackmartin21, that scalping idea sounds interesting! I'm still learning about SMAs, but I get the general idea. When you say 'tight SL', how tight are we talking? Like, how many pips below the 50 SMA would you set it? I'm always nervous about getting stopped out too early, but I also don't want to risk too much. Also, is scalping really worth it with EURUSD, or are the profits too small compared to the risk? Just trying to anlaız if it fits my style. Thnx!
S
That's interesting @jackmartin21. Scalping sounds intense! I'm still trying to understand risk management properly. How do you decide on a 'tight' stop loss in this situation?