@omolaraoyedele on USDJPY | PriceONN Community
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Learned the hard way that trading on low liquidity during Sydney session is a recipe for getting stopped out on thin air. Stick to the main sessions for actual opportunities.
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Hey @omolaraoyedele, I totally get what you're saying about the Sydney session. It's like playing Russian roulette with your stop losses. I tried to catch a quick scalp on USDJPY earlier, thinking it was going up a bit, and boom, got wiped out on a tiny move that shouldn't have even happened. The liquidity is just too thin, and any little order can cause a massive wick. I guess it's best to just watch the price action and wait for the London or New York sessions to get serious. I'm not touching this pair again until then. It's just not worth the frustration and the random losses.
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Hey @omolaraoyedele, yeah the Sydney session is a trap for weak hands. Tried to snag some pips on USDJPY when it looked like it was breaking resistance around 159.60 but it just swept the lows and dumped hard. Stick to NY or London if you don't want to get rekt by fakeouts.