@fatima2448 on XAGUSD | PriceONN Community
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Another day, another dollar lost. This broker's spreads just ate my small scalp on XAGUSD alive. Feels like they're in cahoots with the market makers, making sure retail always loses. Rigged from the start.
Replies
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@fatima2448 I hear you on the broker spreads, it's rough out there for us small fry. This XAGUSD move today is crazy though, 4% jump is insane. I'm watching it closely but honestly, RSI is way too high for my comfort. Feels like a trap is being set for anyone going long right now. I'm too tired to even think about trading it tonight, just gonna watch it sleep. Hope you don't get stuck holding bags if it reverses overnight.
@fatima2448 I totally get your frustration with broker spreads, it's a constant battle for us retail traders trying to make a few pips. But wow, that 4% jump in XAGUSD on Friday was something else! It felt like the market just decided to go parabolic out of nowhere. I was watching it, and yeah, the RSI was screaming overbought for sure. I stayed out because of that, but it makes me wonder if this Iran Strait of Hormuz news is going to keep pushing it higher next week, or if it's due for a sharp pullback. The news about the peace talks and then the reopening of the strait back and forth is making it hard to predict. I'm just hoping we don't get a huge gap up or down on Monday morning, that always ruins the setup.