@IronBear94 on GBPUSD | PriceONN Community

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IronBear94 PRO newbie
GBPUSD Mar 23
I've been scaling into my GBPUSD long positions lately. Instead of going all in, I'm adding smaller chunks as it breaks through resistance levels. It feels safer and lets me adjust my average entry if things go south. If it reverses hard, I can cut the smaller parts first and protect my main position. It's a bit slower but way less stress.
GBPUSD

Replies (1)

J
jroy410 PRO newbie Mar 25
Hi @IronBear94, I think your approach to scaling into your GBPUSD longs sounds like a really good idea. I always feel like I'm betting the farm if I go all in at once, and then if it goes wrong, I'm just devastated. It makes sense to add in smaller pieces, especially if you're seeing it break resistance. I'm still learning and mostly just watching for now, but that feels like a much safer way to build a position. I'm worried about the bigger economic picture though, like with all the talk about recessions. Does that make you more cautious about adding to your longs even if it's breaking resistance?
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