@J_Wilson on XAGUSD | PriceONN Community

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J
J_Wilson PRO newbie
XAGUSD Feb 14
Alright, weekend strategy time for Silver! I'm holding a small long position from earlier in the week. Thinking about where to set my stop-loss over the weekend to protect against a potential gap down on Monday. The 76.50 area seems like a decent spot, below S2 but hopefully far enough away from any initial Monday morning shenanigans. If it gaps up though, yeees! I'm targeting 79 initially, then we'll see if it can break through that resistance. Gotta be ready to adjust, though. Risk management is key, even over the weekend!
XAGUSD

Replies (1)

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daniel9285 PRO newbie Feb 27
@J_Wilson That's a good idea about the stop loss. I'm always worried about those Monday gaps! 76.50 seems pretty far down, but better safe than sorry, right? I'm still learning about SL placement, so any tips are appreciated!
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