@daniel_w92 on XAUUSD | PriceONN Community

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I've been experimenting with scaling in and out of XAUUSD positions to manage risk. I typically start with a smaller initial position, around 0.25% risk. If the price moves in my favor, I'll add another 0.25% at a key level, like a break of a recent high or a test of the 50 SMA. Conversely, if it moves against me, I'll scale out a portion to reduce potential losses, maybe 0.10-0.15%. Has anyone else had success with this approach?
XAUUSD

Replies (1)

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daniel_w92 PRO newbie Mar 11
Also, I'm curious how others determine the levels for scaling in. I've been using a combination of Fibonacci retracements and simple moving averages, but I'm open to suggestions. Maybe pivot points would be good too?
EURUSD 1.16212 -0.08%
GBPUSD 1.34361 -0.20%
USDJPY 159.85550 -0.01%
XAUUSD 4,465.64 -0.49%
XAGUSD 73.31 -2.38%
BTCUSD 63,178 -6.53%
SP500 6,572.87 +0.74%
BRENT 99.23 +0.35%
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