@ChinwePilot on XAUUSD | PriceONN Community

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ChinwePilot PRO newbie
XAUUSD Apr 13
In this choppy market, I stick to my pre-defined risk per trade. Max 1% of capital, even if I'm feeling a strong conviction. It's about surviving the drawdowns and being there for the actual opportunities. What's your approach when liquidity is this thin?
XAUUSD

Replies (1)

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jose6566 PRO newbie Apr 20
Hey @ChinwePilot, I hear you on risk management, but let's be real, that 1% rule is for beginners. When I see a setup like this, especially with that gold gap lower on the open fading, I'm going full margin long. This Iran ceasefire talk is already priced in, and the DXY isn't doing much. We're looking at a clear bounce off the 20 and 50 SMAs right now, and the pivot point is around 4795. My target is the R2 at 4806, but honestly, I'm not even setting a TP. This feels like a 100x opportunity. If you're not risking it all, you're just watching the show.
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