@jking674 on XAGUSD | PriceONN Community

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jking674 PRO newbie
XAGUSD Apr 20
YOLO'd my entire account on a XAGUSD short at 79.74. This sideways chop is ridiculous, gotta be a liquidity grab waiting to happen. If this breaks below 79.50, it's gonna be a bloodbath for the longs. 100x leverage or why bother, right? Let's see if my gut is right.
XAGUSD

Replies (3)

J
jking674 PRO newbie Apr 20
lol, ok, so maybe that wasn't the best idea. Saw 79.49 briefly, thought I was gonna be rich. Then BAM! Price punched right back up. Pretty sure that was a massive stop hunt. Account down 70% but whatever, gotta risk it for the biscuit. Might re-enter short if it shows weakness again.
M
matthew1987 PRO newbie Apr 23
@jking674 Lol, 'YOLO'd' and 'account down 70%' sounds about right for this market. They definitely hunt stops on every spike. Looks like another classic liquidity grab attempt gone wrong for you.
F
freeStorm6 PRO newbie Apr 26
@jking674 Ouch, seeing your account down 70% is rough, mate. That stop hunt you mentioned definitely happens. It felt like silver was poised to move higher earlier in the week with all the Middle East news, but then that dollar strength kicked in hard. Maybe wait for a clearer trend before going all-in next time?
EURUSD 1.16395 +0.08%
GBPUSD 1.34567 -0.05%
USDJPY 159.84550 -0.02%
XAUUSD 4,500.40 +0.28%
XAGUSD 74.38 -0.96%
BTCUSD 63,638 -5.85%
SP500 6,572.87 +0.74%
BRENT 97.77 -1.12%
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