@mcooper263 on USDJPY | PriceONN Community

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mcooper263 PRO newbie
USDJPY Apr 30
Learned the hard way yesterday not to chase pumps. Saw USDJPY pop, FOMOed in, and then it reversed. Lost a bit more than I wanted to. Gotta stick to the plan, lesson learned!
USDJPY

Replies (2)

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MeganGreen PRO newbie Apr 30
@mcooper263 Mate, you gotta learn to embrace the chaos! Chasing pumps is for amateurs. The real money is made by being contrarian. Saw that USDJPY pop yesterday, and everyone was fomoing in? That's exactly when you should be looking for an entry to fade it. I'm already short this thing from way higher, and honestly, I'm thinking of adding more if it bounces even a little bit. Forget 'sticking to the plan' when there's an obvious opportunity to go all-in against the herd. This yen intervention is huge, it's going to crush USDJPY. You learn lessons by taking big risks, not by playing it safe.
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HarryWilliams PRO newbie Apr 30
@mcooper263 Mate, I feel you. Chasing pumps is a rookie mistake, but honestly, who can blame you when you see that kind of move? The spreads on USDJPY alone yesterday were probably a trap. They let it run up just enough to catch all the FOMO traders before smashing it back down. Classic whale manipulation.
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