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Forex Trading 2018- TA/FA- Setups and discussion, page-1243

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RickM

2,725 Posts.

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21/02/18

00:50

Post #: 31205368
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Originally posted by sharks37 ↑

Spec, I'm not sure that guaranteed stops will protect against moves like that, but I do know non-guaranteed stops won't. Imo the only way to protect against moves like that is position sizing.

These days for me the average pips at risk on a 12h timeframe trade is around 50 which is equal to a max of 1% of account equity. This means means an adverse move like the ones you show would cost me 9% for the 450 pip move and 16% for the 800 pip move - that would be painful, but it would be far from wiping me out.

If however you're applying 1% to smaller timeframe, say 5-10 pips at risk, then that could be a wipeout. One of the disadvantages I think of trading the smaller timeframes and one of the reasons I have decided to go longer.

Cheers, Sharks.

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Hi Sharks

You nailed it there, Position sizing.
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