@melissa4167 on XAGUSD | PriceONN Community

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M
Just closed my short position on XAGUSD. I entered around 73.50, thinking it would break lower, but it just went sideways forever. My stop-loss finally triggered around 73.20, losing about 0.5% of my account. This choppy market is brutal for scalping, I should have stayed out.
XAGUSD

Replies (1)

M
melissa4167 PRO newbie Apr 3
Actually, after I got stopped out, I looked at the 15-minute chart again. The volume picked up right when the price dipped below 73, and then it bounced back hard. It made me wonder if that was a bull trap instead of a bear trap. I should have paid more attention to the volume spikes. Maybe I should have tried to catch that quick bounce instead of just taking the loss. This market is so confusing, it feels like I'm always a step behind.
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