No, but I am going to repeat a familiar word you’ll recognize from the posts on here - objectives!
Larger funded accounts tracking the bullish price action from beginning of month & adding to core longs on pullbacks or failure to break down through fair value levels such as the current 1.37 figure, are unlikely to be trading purely naked spot positions. They’ll be diversified both defensively & speculatively.
Options, futures (currency & equity), commodity bets, bonds & cash will feature heavily in their day-to-day business activity so they’re able to achieve a more evenly spread risk effect, a knock-on benefit being minimal exposure to one specific asset class which in turn assists in offsetting any negative affect of increased (& prolonged) market volatility.
It also offers them the opportunity & flexibility to engage in dual or combination jobbing type strategies where they make short visits to the market dipping in & out of defined ranges or extended pullbacks, whilst allowing their core trend positions to tick over until a confirmed change in bias eventually prompts them to fully encash their trades.
From the smaller account perspective however, keeping (& thinking) it simple is always the smarter route, & if you’ve run an intraday long off the 1.37 fulcrum you’ll either have locked your stop back under the 650 bids & trailed it up during the NY shift, reasonably safe in the knowledge that even if it were to travel 70% of the current intraday range, which it does more than 80% of the time (& dependant on the entry level), it would offer you minimum bet odds of 2 to 2.5:1
Alternatively if you’re track & trailing a core long via the stop loss angle, then you’ve already encashed some more of your stake this week & added back all or part of that stake on any of these moves back to support during the weeks action.
Your primary stop will still be underneath the 650 bids because we’re yet to penetrate & consolidate this upside resistance zone beyond 1.39 & until the bullish momentum puts that level in the rear view mirror it’s suspect & exposed to any negative shift in risk appetite.
The discretionary type material has been presented purposefully to focus attention on the technical aspects that have proven to offer positive returns when adopting a minimalist approach.
As with the management of bets, you’ll find that as long as you can lock a robust workable framework & structure into place that marries up your preferred style & risk attitude, the more likely you are to quickly generate the necessary confidence to consistently put it into action without fretting whether you’ve covered all the necessary bases of a more complex set up.