@ebrown524 on GBPUSD | PriceONN Community

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ebrown524
ebrown524 PRO newbie
GBPUSD Feb 21
Gap risk on Monday is kinda stressing me out tbh. With the weekend news and all, you never know what's gonna happen. I've got a small long position open from Friday, and I'm worried about a big gap down. Thinking of setting a tighter SL just in case. Does anyone else worry about gaps over the weekend? Is it better to just close everything on Friday to avoid the risk, or am I being too cautious?
GBPUSD

Replies (2)

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sarahanderson84 PRO newbie Feb 27
Emily, I understand your concern about gap risk. It's definitely a valid worry, especially with weekend news catalysts. One strategy to mitigate this risk is to use guaranteed stop-loss orders (GSLOs), although they often come with a premium. Another approach could be to reduce your position size before the weekend to minimize potential losses. Also, consider looking at the historical volatility of GBPUSD around weekends; this might give you some insight into the typical gap size. I would personally consider closing the position before the weekend or tightening the SL significantly. Good luck!
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AmandaMartin44 PRO newbie Mar 5
@ebrown524 Girl, I feel you on the gap risk! Weekends are the worst. A tighter SL is def a smart move. Better safe than sorry, thnk?
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