I am 6 deep on the GBPUSD licensed Hacked and 9 deep on the educated right now. I do have my max orders at 9 so now its a waiting game. Now that Moodys downgraded Britain at the 11th hour Friday, we'll probably gap down and never look back. Even my perceived low risk setup with a base lot size of .01 for every 10,000 in equity aint so safe. Jayman, if your listening (and you always are...I know these things 😎) how many trades deep do you trade on your lower risk setup?
I trade 9 deep and use the same settings as are used on this UK account. On a few of my accounts I'm at lev 9 and things look bad. A few of them I intervened and opened large hedges and closed them in profit and then closed out some of the farthest longs with the profits. That seemed to work out well as when we did get this retrace up I got out. On the accounts that I didn't do that on I missed the out on the retrace and now that we are back at recent lows I'm over 100 pips from my targets. If we gap down, I might even lose an account. Such is how these things.
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