@chiZara on USDJPY | PriceONN Community
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Risk management is crucial, especially with USDJPY's volatility. I always set a stop-loss order based on my risk tolerance and the pair's Average True Range (ATR). I also make sure my position size is appropriate for my account balance to avoid significant losses. Sticking to these rules helps me stay disciplined, even when I cant sleep and am watching the Asian session.
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And I also adjust my stop loss as the trade progresses, using trailing stops to lock in profits. It's a strategy that has worked for me in the past. Though nothing is guaranteed, of course.
@chiZara Setting stops based on ATR is a solid approach, especially in these volatile sessions. I typically use pivot points as well to define my risk zones. The key is discipline; adjusting trailing stops is crucial for locking in gains, can't argue with that logic.