How do you minimize risks when EURUSD moves 100 pips up and back down in 2 hours?

And this happens quite often. [caption id="attachment_5526" align="aligncenter" width="580" caption="EURUSD, 5 min"][/caption] There are a few choices to minimize your risks in times like these:

  1. Stay on the sideline until the dust settled.
  2. Target higher time frames with larger stops and smaller positions.
  3. Partner up with someone from another timezone.
  4. Set a trailing stop.
  5. Set alerts to wake you up on extraordinary events.
  6. Use a position management bot.

I opted for #6. What about you? The picture is worse in equities as you are locked in your positions overnight. [caption id="attachment_5527" align="aligncenter" width="580" caption="S&P500 ETF"][/caption]