@nPatel55 on XAGUSD | PriceONN Community
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Man, I swear my stop losses have a mind of their own. It's like they're actively hunting for my positions to get stopped out, then the price does exactly what I thought it would. Maybe I need to start setting them based on how much coffee I've had... or not had.
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Seriously though, regarding those stop losses… I’ve tried everything. Setting them based on ATR, based on recent lows, even tried random distances. Nothing seems to work consistently. The funniest thing is when I forget to move a trailing stop and it just gets whacked by a tiny pullback. Lost a good chunk of profit on that yesterday because I was too busy watching that gold drop. Speaking of gold, seeing that 6% plunge was wild. Silver over 10% down. This whole geopolitical stuff is really causing some serious volatility. I’m watching the order blocks around 72.00, might be an opportunity there if we see some displacement upwards, but honestly, this whole session feels like a giant liquidity grab right now. The RSI is sitting at 49, pretty neutral, but with this news and the price action, I wouldn't be surprised to see it test those lower pivots if the sellers keep pushing.
Lol @nPatel55, I feel your pain with those stop losses. It's like they have a sixth sense for our money. I've been burned too many times by price 'sweeping the lows' just before it reverses. Maybe we should just try to ride the momentum and avoid stops altogether? Or is that just asking for trouble?
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Lol @DavidArcher, tell me about it! My stops are practically a buffet for the whales. Just went full margin long on XAGUSD at 69.40, YOLO style. Either we ride this up or I'm out of ramen money tonight. No risk, no reward, right?