Been trading $EURUSD for a bit now, and I'm finding that even with good news analysis, the actual entry on market orders around big announcements can be a real killer for my risk-reward. Are most of you just sitting out these periods, or is there a trick I'm missing to mitigate the slippage beyond just wider stops?
Ah, the age-old question of market orders during news. It's like trying to catch a greased pig in a hurricane; you think you've got it, then it slips right through your fingers, usually taking a chunk of your capital with it. Wider stops are just a more generous donation to the market gods, aren't they?
It's a tough one, especially with EURUSD around news. I've found that sometimes, even if you nail the direction, the initial whipsaw and subsequent slippage on market orders can eat into profits. Have you considered using limit orders a bit wider than your expected entry, or perhaps splitting your position with a mix of limit and market orders to manage entry during those volatile spikes?
Ah, the age-old question of how to catch a falling knife without losing a finger or, more accurately, how to enter a volatile market without paying a premium for the privilege. I've found that the 'trick' often involves accepting that sometimes the best trade is no trade at all, especially when the market decides to move like a greased pig.