@reader967 on USDJPY | PriceONN Community

I've been experimenting with a scaling in and out strategy on USDJPY lately, especially with this chopiness. I usually start with a smaller position, say 0.5%, and then add to it if the price moves in my favor, based on key levels and fibonacci retracements. If it goes against me, I'll cut losses quickly at a predetermined level, usually around 0.3-0.5%. Taking profits in stages too – 50% at the first target, move SL to breakeven, and then let the rest run. Seems to be helping manage risk better in this volatile environment.