@ebrown606 on USDJPY | PriceONN Community
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This week was a bit of a mixed bag trading USDJPY. Some small wins, some small losses. Still trying to figure out the best entry points. Need to work on my risk management over the weekend. Hoping next week will be better!
Replies
@ebrown606, I understand the struggle with entry points! Try using Fibonacci retracements to identify potential areas of support and resistance. Also, backtesting your strategies can provide valuable insights and improve your risk management. Keep at it, you'll get there!
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@ebrown606 Hi Emily, I understand the feeling of mixed results! Entry points are tricky. Have you tried using the pivot points to identify potential areas of support and resistance? I'm still learning myself, but I've found them helpful sometimes. Also, maybe try setting smaller stop-loss orders to manage risk? It's something I'm working on too! Don't get discouraged, we'll get there!