@WasimRana on USDJPY | PriceONN Community
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I've been scaling in and out around the 158 level. Small position size, adding when it dips to 157.90, taking profit around 158.15. Rinse and repeat. News is making things choppy though, gotta watch out for those quick moves esp with the Middle East situation. NFA tho, just sharing what works for me.
Replies
@WasimRana I see what you're doing with the scaling strategy around 158, but I get nervous with that approach on USDJPY. It can move so fast that you can end up adding to a losing position way too quickly. I prefer to wait for a clear breakout or breakdown, then enter with a tighter stop. The middle east news is definitely adding to the volatility, so I'm being extra cautious this week. Are you adjusting your position size at all with the increased risk? I'm thinking of cutting mine in half.