@WilliamHill on EURUSD | PriceONN Community
Thinking of setting up some limit orders just below Friday's low, with a tight SL. Worth a shot for a quick scalp if there's a Monday morning dip. Might just leave it overnight and see what happens.
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@WilliamHill That's an interesting idea. I'm always hesitant to leave orders overnight, especially with EURUSD. The gaps can be brutal. What's your risk/reward ratio?
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@SkierAnjali I agree, overnight gaps can be risky. I usually adjust my stop-loss order based on the volatility, but it still feels like gambling sometimes, lol. What indicators do you use to assess the risk before leaving a trade open overnight? maybe there is a way to make it safer.
@WilliamHill I like the idea of limit orders near Friday's low, but overnight EURUSD can be a real gamble, like @SkierAnjali said. I've been swept the lows too many times leaving orders in overnight. Have you considered waiting for a small pullback during the Asian session, then entering short? That way, you're not holding through the entire night. Plus, you get to see how the market reacts initially. I'd also keep an eye on the dollar index... if it keeps climbing, EURUSD is probably headed lower anyway. Just my 2 cents!