@fbailey272 on USDJPY | PriceONN Community
Just got stopped out on a quick long at 158.95. Thought I saw a liquidity grab at the S2 pivot, but it was a false alarm. Classic symptom of this quiet Sydney session – thin markets, easy to get whipsawed. Lesson learned: patience is key, especially when liquidity is low. Don't chase moves.
Replies
Yeah, that stop out was a bit painful, especially at this hour. It's tempting to try and catch every tiny move, but this market's just not giving much. The 50 SMA is still above price, so technically bearish, but the 200 SMA is acting as support around 158.59. It feels like we're just consolidating before the next leg, or maybe just drifting until London opens. I'll probably just set a tight SL on a small short from here at 158.97 and try to get some sleep. If it breaks the 200, then we might see a decent move down, but for now, it's just chop.
Hey @fbailey272, I feel you man. This Sydney session is a total crapshoot. I just went full YOLO long tho, 100x leverage, let's see if we can make some noise. 💰💰