@ThomasClimber on XAGUSD | PriceONN Community
T
This week was a rollercoaster with XAGUSD 🎢 I managed to scalp some profits around the 77.30 level, but got stopped out on a short near 78. Volatility was insane! Hoping for a more stable market next week, maybe some clear direction. Need to tighten my SLs.
Replies
J
@ThomasClimber, I understand your frustration with the recent volatility! Tightening SLs is definitely a good idea in this environment. I've been using ATR to adjust my stop-loss levels dynamically, which seems to be helping. I agree that a clear direction is needed. I'm also watching the 50 SMA on the D1 chart for potential support if we see a pullback. I'm hesitant to short silver with this much momentum, but a retest of the 83 level could present an opportunity. Good luck navigating the market this week!
@ThomasClimber That sounds like a stressful week! I'm still trying to get a handle on managing risk in such a volatile market. You mentioned tightening your SLs – at what point do you typically decide to adjust them? I'm finding it difficult to balance protecting my capital with giving the trade enough room to breathe. Also, did you use any specific indicators to identify the 77.30 level for scalping? I'm curious about your approach.