@linawong29 on GBPUSD | PriceONN Community

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linawong29 PRO newbie
GBPUSD Mar 9
I've been experimenting with a scaling strategy on GBPUSD lately. I typically enter with 25% of my intended position size when my initial criteria are met, then add another 25% if the price moves 15 pips in my favor. If it retraces against me, I'll wait for confirmation before adding the remaining 50%. This helps manage risk and potentially maximize profits if the trend continues! SL placement is key tho.
GBPUSD

Replies (1)

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linawong29 PRO newbie Mar 9
Oh and I forgot to mention, for scaling OUT of the position, I take partial profits at key Fibonacci levels. Usually around the 38.2% and 61.8% retracements. This allows me to secure some gains along the way and reduce my overall exposure. It's still a work in progress, but it's showing some promise so far! Need to backtest it more rigorously tho.
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