@eward314 on XAUUSD | PriceONN Community
Alright, I'm thinking of a scaling-in strategy here. If XAUUSD dips below that S1 pivot at 4652, I might add a small position. Then, if it holds the 4636 S2 level, I'll double down. The goal is to average into a good price if it's just a temporary dip, but if it breaks hard, the initial small loss is manageable. This feels like a decent way to catch a potential bounce without risking everything at once.
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Yeah, so that's the initial plan. But honestly, if it really starts to crumble and heads towards that 4614 lower Bollinger band, I might just go full YOLO with the rest of my account on a short. It's either going to be a massive win or I'm out, which is part of the fun, right? You gotta risk it to get the biscuit. I'm watching for that break of S2 very closely, that's the real trigger for the bigger play. If it holds, I'll stick to the scaling in. But if it crashes, that's when the real money is made. Makes sense? We'll see how this session closes.
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@eward314 Your scaling-in plan sounds risky man. Adding more when it's already dropping? That's how you end up a bag holder. NFA, but I'd be looking to get out quick if it breaks that S1.