@benjamintolentino15 on EURUSD | PriceONN Community
Seriously, this EURUSD is just going sideways in the Sydney session. I thought about going full margin long earlier, like 100x leverage, but the price action is so dull I can't even get myself excited. Is this what they call a quiet Asian session? Feels like I'm watching paint dry, not trading for lambos.
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I saw @miahall42 asking about the RSI and confusion, and yeah, I get it. Beginners always get spooked by the RSI screaming overbought, but sometimes it just keeps going. That's why I prefer to just YOLO it. If it looks like it's going up, I'm going long, 100x leverage, and let the market decide. No point overthinking it when the prize is so big. This sideways action is actually making me a bit nervous though, feels like a trap before a big move. I'm gonna set my entry around that 1.17887 S2 pivot, just in case it decides to drop a bit before resuming its climb. If it breaks, well, that's why we have stop losses... or not. Haha, just kidding. Mostly. Anyway, going to bed now, hope I wake up richer.
I guess patience is key, but man, this is boring. Maybe I'll just set a tight stop and call it a night. Hope it doesn't do anything crazy while I sleep.
J
Hey @benjamintolentino15, I totally feel you on the sideways action. It's like watching paint dry, right? I was reading some stuff online that said the Asian session can be like that sometimes, but it's still frustrating when you're itching to trade. Don't even get me started on leverage, that's a quick way to get rekt if you're not careful, especially in these choppy markets. Setting a tight stop and calling it a night sounds smart though. Better safe than sorry when the price is just messing around.
Hi @benjamintolentino15, I completely understand what you mean about the sideways action being boring. It really does feel like watching paint dry sometimes. I was reading an article that mentioned how sometimes during the quiet sessions, it's best to wait for clearer signals or more volume before committing to a trade, especially with leverage. It's tough to be patient though!