@S_White on EURUSD | PriceONN Community
S
I've been trying to scale into my EURUSD positions more recently. If I get a good entry at a key level, say around 1.1720, I'll take a small initial position. Then, if price moves in my favor and breaks through the next minor resistance, I'll add a bit more. It's risky, I know, but it helps average my entry and catch bigger moves if they happen.
Replies
Hey @S_White, that scaling-in strategy sounds pretty interesting. I've been trying something similar but mostly with exits. If I'm in a trade and it starts moving my way, I'll take some profit off the table and then move my stop to breakeven or even slightly positive. It feels safer to lock in gains, especially with EURUSD acting so choppy lately. I'm still figuring out the best way to manage risk when adding to a position though.