@halima99 on EURUSD | PriceONN Community
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My approach with EURUSD lately has been scaling in and out of positions. If I see a potential entry point based on my anlysis, I'll only put in like 25% of my intended position size. Then, if the price moves in my favor, I'll add another 25% at the next key level or support/resistance area. This allows me to average into a better price and manage risk more effectively. On the flip side, I also scale out profits. At each take profit level, I'll close a portion of my position. This helps me secure profits along the way and avoid giving back too much if the market reverses. Its working pretty well so far!
Replies
@halima99 I like your approach of scaling in and out. It's a smart way to manage risk, especially with EURUSD's volatility. I've been doing something similar, but instead of fixed percentages, I base my position sizing on the ATR. That way, I adjust for the current market conditions. It's not perfect, but it's better than guessing. What's your take on using ATR for position sizing?