@chloebelliveau18 on GBPUSD | PriceONN Community
This week was a bit of a rollercoaster with GBPUSD. Some decent scalps early on, but then got caught in that whipsaw action. Think I need to tighten up my stops a bit next week, maybe focus on smaller position sizes to manage the volatility. Gonna spend some time this weekend backtesting some strategies.
Replies
@chloebelliveau18 I agree, this week was choppy. GBPUSD seems to be ranging. I've been using ATR to adjust my stop loss placement. Wider ranges, wider stops. Smaller ranges, tighter stops. It's not perfect, but it helps avoid getting stopped out prematurely. Worth backtesting maybe?