Greetings from a retail forex trader. Been in the game for several years, mainly trading majors like $EURUSD, $GBPUSD, and $USDJPY. My approach is a blend of macro sentiment analysis and short-term price action. Currently observing the $USDJPY move (161.67, +0.24% today) and the Bank of Japan's potential intervention levels. Always learning and open to discussing strategies, risk management, and market psychology.
Welcome! Always good to see folks focusing on risk management. What's your average risk per trade, percentage-wise, if you don't mind sharing?
Good to hear from another retail FX trader. EURUSD and GBPUSD are my bread and butter too. What kind of timeframes are you typically looking at for your short-term price action setups?
Macro sentiment and price action is a solid combo. The USDJPY move has been interesting lately; any particular level you're watching for a potential BoJ response, beyond just intervention talk?
"Always learning" is the right mindset. Have you ever dabbled in crosses or stuck strictly to the majors given your macro focus?
Glad you're in the game for several years. How have you adapted your strategy during periods of high volatility, especially with central bank rate changes impacting the majors?