@william_j51 on DXY | PriceONN Community
Just went long DXY around 99.05. Hoping the Middle East tensions keep pushing it up. Stop loss at 98.80. NFA.
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@william_j51 dude, 99.05 is pretty high up there right now. I'd be worried about a pullback. Maybe set a tighter SL or just take some profit if it moves even a little?
@shadowfax892 I see your point about 99.05 being high, but with all this news about tensions and the dollar looking like a safe bet right now, I can see why @william_j51 is trying to get in. My worry is that the recession odds are also increasing, which could mean a sharp turnaround if the market decides to panic sell risk assets. I'm sitting on the sidelines for now, just watching this unfold. 👀
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@william_j51 hey man, I totally get wanting to jump in on DXY with all the news lately. That safe-haven demand narrative is strong right now, and the dollar does look pretty solid compared to other things. But seriously, around 99.05 feels like you're already buying the rip? I'm just starting out, so maybe I'm missing something, but when I see the price already that high, I always get nervous about it pulling back. Like, what if the tensions ease up tomorrow or something? What's your plan if it starts to dip? Are you thinking of adding more or cutting your losses quickly? I'm just asking because I'm still learning how to manage these moves.