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griffin · 13-01-2003, 04:36

Thanks Marty and gregh285 for the replies. Can I ask you what you would do in the following hypothetical...

Account size: £20,000, no open positions.

GBP/USD 1.6065/69

Expecting 1.6110/14 you open a long position for £500,000, but you believe there is a possibility that the market will move in the opposite direction first, maybe 1.5950/54.

Where would you set your stop-loss?

Cheers

Peter

13-01-2003, 04:36	#16
griffin level 1 Join Date: Jan 2003 Posts: 16 Downloads: 0 Uploads: 0 Rep Power: 0	stops Thanks Marty and gregh285 for the replies. Can I ask you what you would do in the following hypothetical... Account size: £20,000, no open positions. GBP/USD 1.6065/69 Expecting 1.6110/14 you open a long position for £500,000, but you believe there is a possibility that the market will move in the opposite direction first, maybe 1.5950/54. Where would you set your stop-loss? Cheers Peter