@tsheponkosi97 on USDJPY | PriceONN Community
The weekly close for USDJPY was quite bullish, but I'm still concerned about a potential gap opening on Monday. With the current geopolitical tensions, anything could happen over the weekend. I'll be monitoring the news closely and adjusting my strategy accordingly. Perhaps reducing my position size before the market opens might be a prudent move to mitigate risk.
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Thinking more about this, maybe I should also set up some alerts for significant price movements outside of the expected range. A large gap down could trigger a stop-loss cascade, so it's crucial to be prepared. I'll also review the historical volatility of USDJPY following similar geopolitical events to get a better sense of potential price swings. I'm using a bot to automatically adjust my position size based on ATR but I want to manually override it if the news is really bad. This is all part of refining my algorithmic trading strategy, trying to balance automation with human oversight. Hopefully, Monday will bring some clarity and stability to the market and not another surprise.
Good thinking, @tsheponkosi97. That Yen strength yesterday was wild, and with the Dollar trying to recover now, it's all a bit messy. Better safe than sorry with those weekend gaps.