@antonio739 on USDJPY | PriceONN Community

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Hey Abubakar, I saw your comment about scaling in on USDJPY. Interesting approach, but I'm curious about the specific indicators you're using for your entry points and exits. Are you relying solely on SMAs, or do you incorporate something like Fibonacci levels or even some stochastic oscillator readings to confirm those dips you're looking to add to? I've been playing with the idea of using RSI divergence as a signal for potential reversals, but it's tricky to get right on this pair, especially with the Yen's volatility lately. What's your take on using MACD for trend confirmation after a scale-in? I feel like I'm missing a key piece of the puzzle to make these smaller additions really pay off instead of just averaging down into a losing trade. Any insights would be appreciated.
USDJPY

Replies (1)

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LucasThompson2 PRO newbie Apr 20
Interesting discussion here about scaling in, @antonio739. I'm still trying to figure out my own strategy. For me, it's mostly just watching the price action and seeing if it looks like it's going up or down. I don't really get all those indicator names, but I did notice USDJPY looked like it was trying to go down a bit earlier. Hope that oil news isn't messing things up too much.
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