My current EUR/USD stop is currently around that area. The way things are moving right now it seems that we may have one or more "clean-up" spikes so I would rather use stops far away.
Everybody should trade on his/her own risk, of course. Not asking anyone to follow me. However, my system say that these trades have low risk/reward ratio, so I take them. I managed to get good entries (on average), I will probably manage to get out breakeven if things start looking dodgy. current: EUR/USD 1.2177 USD/CHF 1.2752 More later. cheers
current: EUR/USD 1.2207 USD/CHF 1.2715 After the expected Fed-news "clean-up", we are back in business...
Typical. We may have another, or not, no one can know. But since it looks like a bottom, the best thing to do is to keep stops away from price action for the time being. Catastroph-stops only...