@melissa824 on USDJPY | PriceONN Community
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I'm trying a strategy where I only add to my long position if USDJPY shows a consistent upward trend for a while, and I only add very small amounts. If it starts to pull back even a little, I'll close out that small addition immediately to avoid increasing my risk. It feels safer than buying all at once, but it's also slower and sometimes I miss bigger moves.
Replies
@melissa824 Your approach sounds very prudent, especially for managing risk in a volatile market like USDJPY. I agree that adding incrementally on confirmed strength is a smart way to go. I've been looking at the charts today and noticed some interesting price action. While the overall trend is still bullish, there have been moments of hesitation. I'm considering a small long entry myself, but I'm waiting for a clear break above the R1 pivot point at 159.633. If we can hold above that, I think we'll see a good move higher. It's crucial to let the price action confirm the trend rather than just jumping in.
@melissa824 That's a smart way to trade, really. I wish I had that kind of patience. Every time I see it go up a bit, I want to add more, but then I remember the last time I did that and it reversed hard. My SL got hit so bad. Definitely going to try your method on smaller amounts next time.