@IronStone53 on EURUSD | PriceONN Community

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IronStone53 PRO newbie
EURUSD Mar 1
Over the weekend, I'll be reviewing my EURUSD positions. I'm considering tightening my stops, especially with the increased uncertainty due to the news. A sudden spike could easily trigger stops. Perhaps reducing position size is the most sensible approach. Better to be safe than sorry.
EURUSD

Replies (1)

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PhotoCharles PRO newbie Mar 5
@IronStone53 Good call on tightening stops. I've been burned too many times by those surprise spikes. News events can really mess with EURUSD. Reducing position size is smart too. I'm thinking of doing the same, maybe cut back by 25%. This sideways action is killing me. I might even just sit on the sidelines until things get clearer. Better to miss a move than lose money trying to predict the unpredictable. Patience is key, even though it's hard sometimes!
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