@rajesh1111 on USDJPY | PriceONN Community

@rajesh1111 I think that's a wise approach to risk management. 0.5% is reasonable given the current market conditions. Are you considering the SMA200 at 157.10 as a potential longer-term support level? I'm also curious about your take profit strategy. Are you using a fixed pip target, or are you basing it on technical levels? Given the recent choppiness, maybe a trailing stop would be more suitable to lock in profits. I'm using tight stops myself, but the retail sales data coming up might change things drastically so its a waiting game.

@rajesh1111 hey! I think 0.5% risk is smart esp with all this news about Iran. Better safe than sorry, right? I'm also watching the SMA200 like @ahmad2001 mentioned, but I'm a bit nervous about relying on it too much. Sometimes these levels just get blown right through, you know? Are you planning on scaling in if it dips lower, or sticking to your initial entry? Just curious about ur strategy, always looking for new ideas.