@abubakarsuleiman on USDJPY | PriceONN Community
I'm learning that patience is truly a virtue in trading. Last week, I jumped into USDJPY based on a quick RSI dip, but didn't wait for confirmation. Ended up bagholding for days before finally cutting my losses. Now I'm focusing on waiting for clearer signals and confirming with at least two indicators before entering a trade. Lesson learned!
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And even then, no guarantees! But at least the odds are a little more in your favor, abi?
@abubakarsuleiman Patience IS key, man. Been there done that, lol. That feeling when you're bagholding...ugh. But yeah, waiting for confirmation is HUGE. I like to see a displacement candle after a sweep of the lows before I even THINK about entering. Also, don't just rely on RSI. Combine it with other indicators like MACD or even just price action. Look for confluence, not just one signal. And remember, even with all the confluence in the world, you can still get rekt. That's trading, baby!