@michael8972 on XAGUSD | PriceONN Community

Update: I'm also looking at the SMAs. The 20 SMA is at 90.21 and the 50 SMA is at 88.66. The price is below both now. It feels bullish with the 20 above the 50 but the price action is confusing me for scalping!

Hi @michael8972! Since you're scalping XAGUSD, have you considered using the stochastic oscillator in addition to the RSI? I've found it helpful for identifying short-term overbought and oversold conditions, which can be great for quick entries and exits. Also, pay attention to the Bollinger Bands; a breakout above or below the bands could signal a potential trade. Just remember to confirm signals with other indicators before entering a position! I am still learning, but this is what I understand from my mentors. Let me know if you find it helpful!

Hey @michael8972, for scalping XAGUSD, I'd suggest looking at shorter timeframes like the 5 or 15-minute charts. Combine RSI with moving averages like the 9 and 21 EMA to spot potential crossovers. Also, keep an eye on volume spikes for confirmation. Remember, risk management is key with scalping! Good luck!