well if you looked at the charts when the euro was 1.51 you could hear all the people scream the usd is getting slaughtered
i agree with skyzer... if you have proper money management and time you never use stop losses... you open long and short dependending on the signals - i use 30 m or 1 h tf... and you close them on profit when the signal becomes the opposite... if the signal comes when you are not on profit - news or something like that -then you open the opposite position.. you do this for months adding positions and closing only when you are on profit. you see the market as a range basically, only a large one... but money management is essential for 10k positions you need probably to have 30 k in your account with a good leverage (for newbies it means your first initial 10,000 long would eat only 60-90 $ of your 30,000 account ) then you can handdle the ride and stop worrying about sudden moves
i agree with skyzer... if you have proper money management and time you never use stop losses... you open long and short dependending on the signals - i use 30 m or 1 h tf... and you close them on profit when the signal becomes the opposite... if the signal comes when you are not on profit - news or something like that -then you open the opposite position.. you do this for months adding positions and closing only when you are on profit. you see the market as a range basically, only a large one... but money management is essential for 10k positions you need probably to have 30 k in your account with a good leverage (for newbies it means your first initial 10,000 long would eat only 60-90 $ of your 30,000 account ) then you can handdle the ride and stop worrying about sudden moves
Andreyou