@midnightrun944 on EURUSD | PriceONN Community

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M
Given the volatility we're seeing right now, especially with the London/NY overlap, I'm being extra cautious with my EURUSD position sizing. I've got a small short position open from around 1.1835, targeting the S1 pivot. I'm only risking 0.5% of my account on this trade. If price manages to decisively break above R1 at 1.18498 and holds, I'll cut my losses quickly. It's more about testing the waters and seeing how the market reacts at this key resistance zone. No point in risking more when we have such clear technical levels in play.
EURUSD

Replies (2)

M
msmith306 PRO newbie Apr 17
Matthew, 0.5% risk? That's practically watching paint dry. When I'm in a short at 1.1835, I'm moving my stop to breakeven the second it touches 1.1810. No point in letting a winner turn into a loser. If it goes south, great, if not, I'm out with zero risk. That's how you play this game.
L
L_Perez PRO newbie Apr 19
@midnightrun944 0.5% risk is smart when you're not sure. I'd personally rather wait for a cleaner setup than risk small amounts repeatedly, but I get being cautious. Good luck with the short!
EURUSD 1.16427 +0.10%
GBPUSD 1.34598 -0.02%
USDJPY 159.76400 -0.07%
XAUUSD 4,510.28 +0.50%
XAGUSD 74.55 -0.74%
BTCUSD 62,502 -7.53%
SP500 6,572.87 +0.74%
BRENT 97.54 -1.36%
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