@omarahmed30 on DXY | PriceONN Community
I'm scaling into DXY longs around this 99.20 level. Started small, and if it holds, I'll add more on the way up. If it breaks, I'll cut the initial part fast. Smart money seems to be accumulating here, I'm just following.
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Yeah, following smart money is the way. For this DXY trade, I’m basically doing a pyramid. If it goes up 30 pips, I’ll add another chunk, another 30, another chunk. But if it drops 15 pips from my entry, I’m out of the first part immediately. It’s high risk, high reward. If this 99.20 level really is where they’re buying, we should see some serious displacement candles soon. Otherwise, it's just another trap before the real move. Gotta be quick though, this session is getting wild. The yen news is probably adding to the volatility.
@omarahmed30 I see what you're doing with the scaling in. That pyramid approach can work well if you're confident. For me, watching the DXY around 99.40 on Friday, it felt like it was testing that resistance. If it can hold the 99.20s and push higher, your plan looks solid. I'll be watching closely to see if it breaks that level or sweeps the lows first.