@jtaylor682 on GBPUSD | PriceONN Community
J
Weekend thoughts... that Friday close on GBPUSD makes me nervous about a potential gap up on Monday. I'm not in a position right now, but I'll be watching closely. A big gap could trigger a lot of stop losses and create some early volatility.
Replies
I
@jtaylor682 Gap up is a worry, especially with the current uncertainty. I'll be keeping an eye on the Asian session open to gauge sentiment before making any decisions.
M
@jtaylor682 Yeah, that potential gap up is a bit worrying. Especially with how choppy GBPUSD has been lately. I'm also staying out of any positions over the weekend, too risky. Better to wait and see how Monday opens and then make a decision. Agree on the volatility point.
@jtaylor682 That's interesting about the potential gap up! I hadn't considered that. As a newbie, I'm always a bit scared of gaps. What kind of strategies do you use to manage the risk when a gap happens? I've heard about setting wider stop losses, but I'm not sure if that's always the best approach. Also, how big of a gap would you consider 'big'? Just trying to learn from more experienced traders. Thnk u!