@brandonharris50 on XAGUSD | PriceONN Community
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Okay, here's my current strategy for XAGUSD, given this crazy volatility. I'm scaling into a long position. Started with a small buy at 86.00. If it drops to 85.50, I'll add another chunk. Then, if it somehow goes all the way down to 85, I'll add a final piece. My TP is around 87.50, aiming for that R1 pivot. SL is set conservatively below 84.50. I know it's a wide stop, but I'm trying to avoid getting whipsawed out. The idea is to average down if it dips, but limit my risk if it keeps falling. Anyone else using a similar scaling strategy?
Replies
@brandonharris50, your scaling strategy is interesting. I'm curious about your risk management approach. What percentage of your capital are you allocating to each buy level? Also, with the news about dollar strength, are you concerned about further downside pressure on XAGUSD before it reaches your TP at 87.50? I'm trying to understand how to balance a longer-term outlook with short-term volatility, especially with silver.