plan on it happening ..........part of the game. it happens in all markets, not just forex. concentrate on the other 99.9 % of the time that the world is more or less normal . in the big picture, it is just a small bump in the road. s
Regarding some of the more "predictable" market moving events, I accept those as part pf the trading risk. Part of my pre-trade checks are to review and note previous and upcoming events that may move the day's market. I have the luxury of treating this like a second job so if the days volatility appears to be extreme I won't risk my account. My overriding concern is for the truely unpredictable macro events that can shock the markets, like an attack on POTUS or another 9/11. I've analyze my risk exposure and based on current account equity, leverage and position sizing a 200 pip swing would result in a 20% hit. That's IF my stops, which are very tight, weren't effective. Thanks everyone for your input. I feel pretty good about the plan I've got so I'll continue on as I have. I suppose we just have accept some risk.