@kdevi84 on XAUUSD | PriceONN Community

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kdevi84
This week's gold trades were a mixed bag. I managed to capitalize on some of the bullish momentum early in the week, but got caught out by the volatility towards the end. Position sizing is definitely something I need to focus on more consistently. Hoping for less choppiness next week so I can apply what I've learned.
XAUUSD

Replies (2)

J
jbrown640 PRO newbie Feb 16
I agree, @kdevi84, position sizing is critical, especially with XAUUSD's volatility. Were you trading based on the SMA crossover strategy, or something else? Given the RSI around 44, it seems like the momentum might be shifting. I'm also trying to reduce my position sizes until I see a clearer trend. What SL levels were you using?
V
VijaySingh79 PRO newbie Feb 18
@kdevi84 I can relate to the volatility. I'm also struggling with position sizing. It's tough to balance risk and potential reward, especially when the market is choppy. Let me know if you find any useful tips!
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