@jackwilson36 on XAGUSD | PriceONN Community

Regarding your long position idea, @jackwilson36, placing a stop loss at 75 seems quite aggressive, considering the recent volatility. That's a substantial drawdown if things go south quickly. While the risk-reward might be appealing, it's crucial to consider the potential for whipsaws. Have you factored in the ATR (Average True Range) into your SL placement? A more conservative approach might be to position the SL below the 50 SMA around 78.94, providing a buffer against short-term fluctuations. Also, what's your target? Are you aiming for a specific resistance level or a percentage gain? It's important to have a clear exit strategy before entering any trade.