Question Dollar getting hammered today, yen and cable moves making my head spin

[Nathan Cole]

Ngl, waking up to this price action was wild. Seeing the dollar drop hard while the yen catches a massive bid off that record Japanese bond auction has me questioning all my DXY levels. Cable is also absolutely ripping higher on the back of those UK jobs numbers, completely breaking out of the recent range like it’s nothing.

I’m trying to figure out how to play this without getting chopped to pieces. Anyone else looking at the order flow right now and seeing massive liquidity clusters above current resistance, or is this just another fakeout before New York properly opens? Trying to decide if I should hold my shorts or just flip bias for a quick scalp.

Where are you guys seeing key support hold on DXY after this flush?

 

[Mason Brooks]

If your head is spinning, your position size is way too big for this ATR. Days like today will absolutely vaporize accounts if you aren't respecting your stops.

I cut my usual lot sizes in half the second I saw Cable spiking this morning. Lower your leverage and let the market settle down before you get caught on the wrong side of a dirty wick. No trade is worth blowing up for.