Disliked{quote} Clive, oh my! You are a TRADER. I say this with the greatest respect. After the SNB news I looked at anything with a CHF on it with apprehension. You took a look and saw post-trauma OPPORTUNITY. Bravo! Take a couple of steps up to the Gold Medal platform. FSIgnored
I appreciate your comments and its true to say many would of stayed clear of CHF pairs on a day of such uncertainty as it could prove to be a day when one big swing/spike wipes out your whole trading account. That is of course true, however it is true every single day that we trade. Every single day at a moments notice a bank or country leader can make a statement that sends the markets into free fall just like SNB did yesterday. Worst still a major terrorist act can also wipe out your trading accounts in an instant..
So how do we manage our risk against such a happening???
Very simple, we only deposit 10% of our full trading fund with our broker leaving 90% in the relatively safe high street bank. Then we trade at the maximium leverage they allow so risking their money not yours. I regularly trade at 1% per pip which is round about the maximium I can for a 20 pip stop. Just take one trade at a time too. Trade with a broker that accepts the risk and only takes your account balance if it all goes horribly wrong like yesterday. FXCM for instance actively advertise that they will only take your account if the worst happens and won't pursue you for any loss over that.
This means worst case scenario you can only ever lose 10% of your trading fund and you will have 90% still available to trade if the worst should happen. A further bonus is if the market moves against you quickly they margin call you for about 20% of your account so you can't break your discipline and move your stop, they margin call you regardless of your stop position.
So what does this all mean?? Quite simply you can take advantage of the opportunities like yesterdays safe in the knowledge there's a tremendous up side yet a limited downside of just 10% of your trading fund no matter what happens. Simple risk control in a very risky market as demonstrated yesterday and it can happen at any time, whenever you have a trade open.
Simple risk management , why risk your own money when you can use someone else's?? Surely thats the biggest advantage of using a broker???
Not that its too much of an issue for me as my trade account is very small and wouldn't be the end of my world if it got wiped out but come the day its in its tens of thousands thats exactly what I would do.
Feel the Fear and do it anyway!!!
because the traders here are mostly M1 TF traders; but some of us tag along trading between the M1 - M5 TF 
That will be great as long as you have Clive's blessing. I'm not the owner of the thread and only contribute once in a while. Anything that improves a system is great but this one is, SANTANA, nothing more to add!!! 
That was the slogan of Volkswagen when they first introduced that sedan in my home country.
so not to worry.