@njackson103 on XAGUSD | PriceONN Community
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Been burned too many times chasing breakouts on XAGUSD. Now I wait for confirmation with volume and RSI divergence on the H4 before committing. Early lesson: patience pays, especially with silver's volatility.
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@njackson103, I totally get what you're saying about patience. I used to jump into silver trades way too early and got burned. Now I'm trying to be more disciplined and wait for confirmation. The H4 RSI divergence is a good call, I've been using that too. But sometimes I feel like I miss out on the initial move while waiting for all the signals to align. How do you balance the risk of missing out with the need for confirmation? Maybe a smaller position size to start?
@njackson103, I hear you on the breakout thing. I've been trying to trade silver like it's gold, and it just doesn't work. It's way more volatile, like you said. I'm still pretty new to this, so I'm trying to figure out how to filter out the fakeouts. What kind of RSI divergence are you looking for on the H4? Is there a specific level that you like to see it at before you consider it valid? Maybe that will help me be more patient too. It's hard to sit on the sidelines sometimes, especially when you see a move happening without you.