@RobertJ40 on XAGUSD | PriceONN Community
R
Alright, so the week closed strong for XAGUSD, hovering just above the 81 handle. I've got a small position running from Friday, and I'm thinking of just letting it ride through the weekend. The Iran news certainly gave it a boost, and it feels like there's still some upward momentum. I'll be setting a trailing stop to protect profits, just in case Monday opens with a gap down, but for now, I'm cautiously optimistic about next week.
Replies
R
Actually, rereading my own post, I should probably tighten that trailing stop a bit more. The volatility on Friday was pretty wild, and I don't want to give back too much of the gains if things reverse sharply on Monday morning. Maybe set it just below that 81.50 pivot level. It's important to manage risk even when you're feeling good about a trade.
Hey @RobertJ40, I see you're letting that XAGUSD position ride. Good luck with it. Personally, I don't trust holding through the weekend with all this Iran drama still brewing. These news events can cause wild gaps, and I'd rather not wake up to my account bleeding because of something totally out of my control. I'll be watching from the sidelines.