How to set stop loss for USDCHF?

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oem7110
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How to set stop loss for USDCHF?

Post by oem7110 » Tue Jan 27, 2015 11:26 am

USDCHF is rise 20% on a single day, all indicators based on past data are distorted, I would like to know on how to set stop loss for this kind of market activity.

Does anyone have any suggestions?
Thanks in advance for any suggestions

rajivm
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Re: How to set stop loss for USDCHF?

Post by rajivm » Tue Jan 27, 2015 9:24 pm

Just take it as a lesson...And never ever use too much leverage :)
Gap ups and downs and have no use for stoplosses

marriot
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Re: How to set stop loss for USDCHF?

Post by marriot » Tue Jan 27, 2015 11:39 pm

> Just take it as a lesson...

For sure there are few things to learn from this move.
I am very curious to see end of January results of big players.

Uncle Fester
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Re: How to set stop loss for USDCHF?

Post by Uncle Fester » Wed Jan 28, 2015 8:07 am

Regarding stops in the market, bear in mind that in this particular instance there was no liquidity in USD/CHF futures for at least 45 minutes.
This meant that all those well-intentioned stoploss orders were filled with a little more slippage than expected!
Suffice to say, and to echo the comments already made, by keeping your risk and leverage low you can ride out these events with a recoverable loss.

But there's not a lot you can do about planning for these events other than to expect them.
"The 1 in 100 year event": viewtopic.php?f=32&t=5513
I am very curious to see end of January results of big players.
"CNBC interview Daid Harding at Davos"
http://video.cnbc.com/gallery/?video=3000348149

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