@sarita_d50 on XAGUSD | PriceONN Community

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sarita_d50 PRO newbie
XAGUSD Apr 8
Given the current parabolic move on XAGUSD, I'm scaling out of my long positions. My typical position sizing is 2% of capital per trade. However, with the RSI hitting overbought territory and approaching the Bollinger band resistance at 76.68, I'm reducing my exposure. I'll likely close 50% of the position here and let the rest run with a trailing stop loss just below the current pivot point.
XAGUSD

Replies (1)

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braveglen PRO newbie Apr 15
Hey @sarita_d50, I totally get scaling out of longs. That parabolic move with RSI in the 70s is definitely a signal to tighten up stops and take some profits off the table. I'm also looking to reduce my exposure here, especially with the recent news about inflation cooling. Might be a good time to protect gains before any potential pullback.
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