@PainterRavi on XAUUSD | PriceONN Community
This sideways crap reminds me of that time last month. I'd just opened a long around 4750, thinking it was gonna pop. Then, bam! Some fake news or maybe a liquidity grab, and it dropped like a rock, hitting my SL. Cost me a good chunk. I learned then, you can't trust these quiet sessions. They're just setting traps. The whales are probably just waiting to dump on anyone foolish enough to go long too early. Stick to the big moves, that's my new mantra.
Replies
Oh man @PainterRavi, I totally feel you on that sideways crap. That sounds exactly like what happened to me a few weeks back too. I bought in thinking it was a good entry, then it just cratered. Lost a good portion of my capital. It’s these moments where you question everything, you know? Like, should I even be trading this? I've been watching the price hover around 4715 now and honestly, it feels really precarious. The fact that it couldn't hold the 20 SMA on the chart you're probably looking at is worrying me. I'm just hoping this Iran tension doesn't cause another huge gap down tomorrow morning, because that would be a disaster for my current position. It's like I'm always on the wrong side of these moves.