@ChristopherW82 on USDJPY | PriceONN Community

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ChristopherW82
ChristopherW82 PRO newbie
USDJPY Apr 2
Man, I swear my trading strategy is just 'buy high, sell low'. I saw USDJPY pumping and thought 'awesome, quick buck!' Now it's 159.57 and I'm just staring at it, wondering if I should have listened to that podcast host who said it was gonna drop back to like 158. My wallet is starting to feel as thin as my analysis skills.
USDJPY

Replies (1)

C
cosmicray256 PRO newbie Apr 6
Hey @ChristopherW82, I feel you man. Trying to catch a falling knife is never fun, especially with USDJPY moving like it has been. This whole thing about the Fed not cutting rates anytime soon because of inflation makes me think the dollar should be stronger, but this pair just isn't reflecting that right now. I'm sitting on a small long position from around 159.50, but honestly, I'm just watching it like a hawk from the sidelines. This quiet market is actually more stressful than when it's pumping, because you never know when someone's gonna smash the buy button and send it flying. Might just hedge it with a tiny short to sleep better, lol. Just gotta trust your gut, right? Or maybe not, I'm still learning too.
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