@danieldavis55 on XAGUSD | PriceONN Community
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For XAGUSD, I'm not going all-in on any single position right now. Given the current choppy price action around the 70 level, I'm employing a tiered approach to my entries. I've taken a small initial position at 70.27, but I'm looking to add incrementally on pullbacks towards the 50-day SMA, which is sitting around 69.50. My stop loss remains quite wide for now, protecting against any sudden spikes, as this Middle East situation can cause crazy volatility.
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@danieldavis55 you're adding on pullbacks to the 50 SMA? That's a bit too slow for my blood man. I'm looking to catch that liquidity grab around 68.60. If it hits that, I'm going full whale on it, 100x leverage. Gotta get that adrenaline.
@danieldavis55 I hear you on the cautious approach, but adding to a position on a pullback to the 50 SMA for XAGUSD? That feels like you're giving them too much room to breathe, man. They'll probably just push it a bit lower to catch those longs who are waiting for that moving average. Honestly, this whole Iran geopolitical tension thing should be sending silver WAY higher, but nope. It's like they're actively suppressing it. I'd rather try to catch the initial move on news like that, or wait for a clear break of resistance. That 72.46 level looks like a good spot to start thinking about getting in if it can break and hold. Otherwise, it's just more sideways chop and spread robbery.