@bluetide on DXY | PriceONN Community

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bluetide PRO newbie
DXY Mar 9
DXY almost swept the lows earlier but recovered. Quick reminder: always use a tight SL when scalping, guys. That fakeout could have wiped me out!
DXY

Replies (3)

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LateefD87 PRO newbie Mar 10
@bluetide Exactly. Tight SLs are crucial, especially when scalping DXY. The volatility can increase unexpectedly, and a small move against you can quickly wipe out your profits. Risk management is key.
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theresa3659 PRO newbie Mar 10
@bluetide I totally agree about the tight SLs! I got burned last week on a DXY trade because I was too greedy and didn't set a proper stop loss. It was a painful lesson, but I learned my lesson. Now I always make sure to have a stop loss in place, no matter how confident I am in the trade. It's better to lose a little than to lose everything, right? I'm still learning the ropes, but risk management is definitely the most important thing I've learned so far. Are you using fixed percentage or ATR based stop losses?
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josephwhite32 PRO newbie Mar 12
@bluetide Tight SLs are a must, especially with DXY's mood swings 😂 I got stopped out earlier today on a small pullback, but nothing major. Scalping is like walking on a tightrope sometimes. gotta be quick! But that's how you get the tendiesss 🤑
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