@jhill685 on USDJPY | PriceONN Community
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Learned the hard way not to trade against the trend on USDJPY last week. Tried to call a top and got burned. Just gotta follow the momentum, NFA!
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@jhill685 I agree, fighting the trend on USDJPY can be painful. Momentum has been strongly bullish for a while now, especially with the dollar strength we've been seeing. I prefer to wait for pullbacks to key support levels before entering long positions. Less stressful that way!
Totally with you @jhill685, calling tops on USDJPY can be a recipe for disaster. I learned that lesson last month too, tried to short it when it was around 158.50 and it just kept climbing. The dollar strength has been insane, and the BoJ seems reluctant to intervene too much. I've been trying to switch my mindset to just ride the waves instead of predicting them. It's way less stressful and usually more profitable in the long run. Waiting for those pullbacks like @sharris108 suggests, or maybe looking for signs of exhaustion on higher timeframes if I'm feeling brave, but mostly just following the momentum. Good call on keeping it simple!