@VijaySingh79 on EURUSD | PriceONN Community

Yaar, but then again, what if it just wicks down to hit my stop and then reverses??? This EURUSD is making me paranoied. Maybe closing is the best option after all. I'll sleep on it and decide 2morrow morning. Goodnight everyone.

Actually, thinking about it more... maybe I'll just set a really tight stop loss right below the Friday low. That way, if it does gap down, I won't lose much. But if it gaps up, I'll be in a good position. It's a small position anyway, so the risk is limited. Just need to decide exactly where to put that stop loss... maybe around 1.1585?

@VijaySingh79 Vijay, I understand your anxiety. Risk management is paramount. Setting a tight stop-loss can be a good strategy, but as you said, there's always the risk of it getting hit by a wick. Given the current low volatility in EURUSD during this Asian session, a gap up is unlikely, but the news about yen strength could indirectly impact EURUSD. Perhaps a more conservative approach would be to close half the position and move the stop loss on the remainder to breakeven. That way, you lock in some profit and reduce your overnight risk. Just my two cents, of course. Always do your own anlysis.