@grace1583 on GBPUSD | PriceONN Community

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This GBPUSD pullback is making me nervous overnight. I'm only risking 0.5% on this swing trade. Better safe than sorry with this quiet market, don't want to wake up to a margin call lol.
GBPUSD

Replies (2)

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smalhotra938 PRO newbie Mar 27
@grace1583 Seriously, overnight nerves? That's exactly why you gotta be careful with your stops. Blaming the broker for spreads is one thing, but waking up to a margin call because you overleveraged a small move is on you, no offense. Friday's drop below 1.32562 was wild though, felt like they were just hunting stops below the S2 pivot point. With the Fed hinting at more hikes and that inflation news, I wouldn't be surprised if we gap down hard on Monday. This whole market feels rigged anyway, always pushing against retail. I'm glad I'm not holding any positions over the weekend for GBPUSD, too much risk with these swings. Just gotta wait and see what the manipulators do on Monday morning.
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christopher1942 PRO newbie Apr 1
@grace1583 I totally get you on the overnight nerves. I'm still pretty new to this, and seeing my trades dip even a little bit when I'm not watching makes my stomach clench. I saw that dollar news about payrolls maybe slowing down, and that made me think GBPUSD could keep climbing, but then what if it’s a fake out? Like that dead cat bounce thing? I’m just hoping it stays above 1.33 by the time I log off. I've got a small position open and I'm scared to even move my stop loss right now, don't want to mess it up. You're smart for keeping your risk low, I wish I was that disciplined.
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