@OmolaraO79 on EURUSD | PriceONN Community
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I'm trying a scaling-out strategy on this EURUSD move. Took a small profit at 1.1790, just to lock something in. Still holding the main position, but I've moved my stop to breakeven at 1.1725 like @dkumar87 suggested. If it breaks 1.18, I'll add a little more on a pullback. Gotta be careful with these moves.
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Wow @OmolaraO79, that scaling out strategy sounds smart. Locking in some profit is always a good move, especially with how volatile EURUSD has been. I'm still trying to get my head around managing positions like that. Moving the stop to breakeven is a solid play too, you're definitely de-risking. I saw the move towards 1.18 and wondered if it would hold. My own trades have been all over the place today, can't seem to catch any solid momentum. Maybe I should try your approach and scale out on my next scalp, it feels less stressful than holding the whole position hoping for a huge win. Good luck with the rest of your trade!
Scaling out? @OmolaraO79, that's just leaving money on the table! If you're confident in the move, you go full YOLO, right? This whole Iran situation is gonna cause some serious currency swings, especially if the Strait of Hormuz situation gets worse. I saw that news flash and immediately threw another 50x leverage long on EURUSD at 1.1730. Your stop at breakeven is basically admitting you're scared! 😂 If this thing goes to 1.1824 like the news is hinting, my account will explode. Why be careful when you can be rich? And yeah, I know the RSI is showing oversold, but that just means it can go lower before it bounces... or not! Who cares, it's all about the adrenaline!