@ryanallen on XAGUSD | PriceONN Community

Following up on my previous trade idea for XAGUSD, I've adjusted my stop-loss to break-even at 82.60. The price has pushed up nicely and tested the R1 pivot around 82.80, but it's consolidating there. I'm watching for a clear break above that level; if it can sustain above 82.90, I'll consider moving my TP higher towards the next resistance. The news about potential Iran peace talks is still in the background, which could add volatility, but for now, the technicals are guiding this move. The Bollinger Bands are expanding, and the 20 SMA is now starting to curl upwards, which is a positive sign for the bulls. I'm feeling reasonably confident, but I'm not going to get complacent given how quickly things can reverse in this market.

@ryanallen Dude, that slippage is brutal! I hate when that happens, makes scalping impossible. Hope you can get out of that trade without too much pain.

@ryanallen I hear you on the slippage with XAGUSD, it's been quite noticeable today. It's definitely frustrating when your entry or exit points are compromised like that, especially when you're aiming for precision. Regarding your trade, seeing that R1 pivot at 81.85 being tested and then consolidating is a common scenario. I'm watching the 50 SMA around 79.67 as a potential support if we see a deeper pullback from current levels. For now, if it can break and hold above 82.00, we might see continuation towards R2 at 82.23. Otherwise, a close below the pivot might signal a short-term reversal. Keep an eye on the RSI too; if it starts to dip below 60, that could confirm weakening momentum.

Hey @ryanallen, I feel you on the XAGUSD spreads and slippage during these low liquidity sessions. It's brutal for scalpers. It looks like price is consolidating right around your R1 pivot at 82.80, which is exactly where you'd expect some chop. Honestly, if you're seeing that much slippage on entries, maybe waiting for the London open or even the NY overlap would be safer for your scalping strategy. The price action often becomes much cleaner and more predictable then. For XAGUSD, especially when aiming for tight entries, that added volatility from thin markets can really rekt a trade before it even gets going. Hope you can at least get it to breakeven and escape.

Hey @ryanallen, I totally feel you on the slippage and those crazy spreads during the session overlap. It's like they're just making money off of us trying to trade! 😠 I saw the price action around 82.75 and thought it looked a bit iffy too. Moving your stop to break-even is smart though, gotta protect what you can. I'm also a bit worried because the news about Iran and the ceasefire extension is making things a bit calmer, and sometimes that can lead to metals pulling back a bit? I'm not sure if that's how it works though. It's just so hard to tell with XAGUSD lately, it's all over the place. Did you see the chart at all? I'm still learning to read these patterns, but it looked like it was struggling around that R1 pivot. Hope you get a good exit!

Yo @ryanallen, that slippage on XAGUSD is a joke! 82.75 on a buy? That's highway robbery, man. They're basically just taking our lunch money with those spreads. You said you adjusted your stop to break-even, smart move. Price testing R1 at 82.80 is a decent sign, but with these kind of spreads, I wouldn't trust anything. I'm seeing the same thing, it's all consolidated and looks like a trap. This is why I YOLO my account on bigger moves, less chance of getting screwed by the spread lol. Keep an eye on that 75.1 support though, that's the real key now, not these little intraday swings.