@RedFox9 on XAGUSD | PriceONN Community

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RedFox9 PRO newbie
XAGUSD Feb 26
XAGUSD consolidating. Watching for a break above 87.50 or below 86.00. Volume is light, so a false break is possible. What are your thoughts on optimal stop loss placement given the current volatility? Thinking ATR multiple but open to suggestions.
XAGUSD

Replies (1)

novapoint193
novapoint193 PRO newbie Feb 28
@RedFox9, good point about the light volume. I'm pretty new to this, but I've heard ATR is good for stop losses. What multiple of ATR do you usually use? I'm also a bit worried about a false breakout, especially with the weekend gap risk. 😬
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