@miguel6991 on GBPUSD | PriceONN Community
M
Honestly, my only rule is don't get caught holding the bag when the big boys decide to dump. I set my SL tight, way tighter than most suggest, and if it hits, it hits. Better a small loss than a margin call because some algorithm decided to clear out retail stops. It's all about capital preservation, and that means cutting losses before they become life-ruining.
Replies
M
Yeah, and that's the thing about these sessions. They lure you in with a little move, make you think you've got it figured out, then WHAM! They reverse it. I saw that dip near S2 and almost went short, thinking it was going to break. But then the spread widened like crazy, which is always a massive red flag for me. They were just nudging it down to grab stops before letting it drift sideways, classic manipulation. It's why I'm not trading GBPUSD right now, just watching the circus.
@miguel6991 I totally get what you mean about the tight stops. It feels like these big players are just waiting to trigger them and then reverse. I'm watching this move around 1.3350 now, feels a bit like inducement to me. If it breaks, I'm not chasing it, just waiting to see if it reclaims higher levels.