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Farmerfx trading journal

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farmerfx

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Today, I tried FOMO on silver. I expected a pullback, but the price continued to rise, reaching 71. This coincided with gold's rise. Precious metals appear to be supported by the weakening USD. Open Buy XAGUSD at 1.66496 with an SL of 0.66375 and an unspecified TP.
#31 - December 23, 2025, 11:50:04 PM
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farmerfx

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As 2025 draws to a close, I'm still holding a floating position in gold. Gold and silver prices have been quite impressive throughout 2025. Gold is currently around $4,527, while silver is above $80. I finally made an instant buy decision on silver towards the end of last week and closed my position on Monday when the price reached $80. Due to silver's high volatility, a sharp correction is possible, despite the fundamentals of a silver supply deficit.
#32 - December 28, 2025, 11:56:08 PM
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farmerfx

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Silver's price movements towards the end of 2025 remain highly volatile. After hitting a new all-time high, the price of silver finally corrected to around $70.00. I estimate this decline is due to profit-taking, with silver seeking support before extending its rally. This is supported by the expectation of a Fed rate cut in 2026, strong industrial demand, and the risk of a supply deficit, which could lead to further silver gains next year. Here, I'm attempting a pending buy limit order on silver on the FXOpen MT5 platform at 69,710 with a stop-loss of 67,662 and a take-loss of 81,722. The current silver price is around 72,077.
#33 - December 29, 2025, 10:46:55 PM
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Ikhtiar

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Quote from: farmerfx on December 29, 2025, 10:46:55 PM
Silver's price movements towards the end of 2025 remain highly volatile. After hitting a new all-time high, the price of silver finally corrected to around $70.00. I estimate this decline is due to profit-taking, with silver seeking support before extending its rally. This is supported by the expectation of a Fed rate cut in 2026, strong industrial demand, and the risk of a supply deficit, which could lead to further silver gains next year. Here, I'm attempting a pending buy limit order on silver on the FXOpen MT5 platform at 69,710 with a stop-loss of 67,662 and a take-loss of 81,722. The current silver price is around 72,077.
I think this is a good trading plan. Large spikes are usually followed by a natural correction phase due to profit-taking by market participants who had been buying at a lower price. A correction towards the $70.00 area also seems logical as a search for new support before a potential trend continuation.
#34 - December 29, 2025, 10:57:43 PM

farmerfx

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Today, January 2, 2026, is a new year with new hopes and new challenges. Pending orders on silver are still inactive, but the hourly price reaction has risen, with a long wick, which theoretically indicates strong buying pressure after a price decline. Here, we'll attempt an instant trade at 72,649, with a SL of 1.17105 and a TP of 81,378, or see what happens next.
#35 - January 02, 2026, 12:00:40 AM
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#36 - Today at 10:41:22 AM

farmerfx

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Tensions between the US and Venezuela may impact safe-haven assets like gold and silver. Recent news that the US has arrested the Venezuelan president and his wife, who will face trial in the US, further heightens geopolitical risks. Today, I'm still holding a long position in silver on the FXOpen MT5 platform, as the supply deficit and safe-haven demand are expected to be a catalyst for silver's price increase at the start of this year.
#36 - January 05, 2026, 12:53:40 AM
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farmerfx

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Technically, silver is at its previous peak of around $81. The RSI is at 71, indicating the price is in the overbought zone, which is a technical warning of a possible reversal. If today's US economic data supports an interest rate cut, silver may continue to rise. However, I'm waiting with a pending order.
#37 - January 06, 2026, 11:21:16 PM
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farmerfx

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Silver demand is expected to increase as a safe-haven asset amid geopolitical tensions, triggered by Trump's statement that he wants to make Greenland part of the US, as well as the turmoil between the US and Venezuela. Here, we're attempting to open a buy position on silver at 77,103 with a stop-loss order of 72,497 and an unspecified target.
#38 - January 08, 2026, 11:14:02 PM
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Ikhtiar

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Quote from: farmerfx on January 08, 2026, 11:14:02 PM
Silver demand is expected to increase as a safe-haven asset amid geopolitical tensions, triggered by Trump's statement that he wants to make Greenland part of the US, as well as the turmoil between the US and Venezuela. Here, we're attempting to open a buy position on silver at 77,103 with a stop-loss order of 72,497 and an unspecified target.
Yes, escalating tensions between the US and Venezuela?including military operations and the arrest of Venezuelan President Nicol?s Maduro?have fueled a surge in safe-haven demand for precious metals like gold and silver. Silver has recently risen significantly in response to these global geopolitical risks.
#39 - January 09, 2026, 12:22:52 AM

farmerfx

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Quote from: Ikhtiar on January 09, 2026, 12:22:52 AM
Yes, escalating tensions between the US and Venezuela?including military operations and the arrest of Venezuelan President Nicol?s Maduro?have fueled a surge in safe-haven demand for precious metals like gold and silver. Silver has recently risen significantly in response to these global geopolitical risks.
Silver is expected to continue its upward trend throughout 2026. However, caution should be exercised regarding silver's high volatility.
#40 - January 12, 2026, 12:06:30 AM

Ikhtiar

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Quote from: farmerfx on January 12, 2026, 12:06:30 AM
Silver is expected to continue its upward trend throughout 2026. However, caution should be exercised regarding silver's high volatility.
Silver often moves more aggressively, both up and down. Price spikes can occur briefly, but sharp corrections can also occur without warning. This is why a bullish outlook must be tempered with strict risk management.
#41 - January 12, 2026, 02:22:01 AM

farmerfx

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Quote from: Ikhtiar on January 12, 2026, 02:22:01 AM
Silver often moves more aggressively, both up and down. Price spikes can occur briefly, but sharp corrections can also occur without warning. This is why a bullish outlook must be tempered with strict risk management.
The potential for high gains is commensurate with the risk of high volatility. Indeed, if we are overly aggressive with the XAGUSD pair, emotions can disrupt our trading goals. I am still holding my long position on this pair on my FXOpen platform. Let's see what happens later. I already set my stop loss.
#42 - January 12, 2026, 11:15:38 PM

farmerfx

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Silver prices have surpassed the $90 level, now hovering around $93. I haven't set an exit point yet, as I'm hoping prices will continue to rise amid geopolitical risks like Iran and Greenland, which are threatened by US military intervention.
#43 - January 14, 2026, 11:04:58 PM
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farmerfx

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Today, US banks are closed, while Canada will release CPI data, which could potentially trigger market sentiment. The Canadian dollar is currently in an hourly timeframe, strengthening amid US markets being closed for Martin Luther King Jr. Day. Here, we'll try a pending buy limit order on the USD/CAD commodity currency pair.
#44 - January 19, 2026, 01:04:23 AM
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Ikhtiar

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Quote from: farmerfx on January 19, 2026, 01:04:23 AM
Today, US banks are closed, while Canada will release CPI data, which could potentially trigger market sentiment. The Canadian dollar is currently in an hourly timeframe, strengthening amid US markets being closed for Martin Luther King Jr. Day. Here, we'll try a pending buy limit order on the USD/CAD commodity currency pair.
Observations that the CAD is strengthening on the H1 timeframe indicate a short-term bullish bias. With the US market closed and the main catalyst coming from Canada, the technical and fundamental bias currently favors the CAD.
#45 - January 19, 2026, 01:07:47 AM
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