SEEK for advise on EU trades
May 13, 2010 at 20:55
Przeglądane 976
2 Replies
May 13, 2010 at 20:55
Hello everyone,
beeing quite an unexperienced manual trader (mostly trated with EAs so far only) I would like to seek for your advice on my following account situation which is getting more and more critical for me :
I have some EU BUY trades taken at 1.37 , total 0.3 lots
which were left over by a signal service who suddenly dissapeared from market about a month ago.
Hoping for a EU recovery,
I entered another 0.3 lots BUY about 1 week ago,
at 1.2690 , so I could close all trades at BE when reaching about 1.33
Unfortuantelly the EU recovery does not seem to take place, instead the downtrend is rather more accelerating, bringing me in a more and more difficult situation. Free margin now down to 800% . I am on 1:100 leverage.
So what whould you advise me to do ?
Enter 0.6 lots SELL (or more) to hedge the trades (my broker allows hedging) ? Or go for another BUY trade ?
Many thanks in advance for everybody's help.
B/R Michael
beeing quite an unexperienced manual trader (mostly trated with EAs so far only) I would like to seek for your advice on my following account situation which is getting more and more critical for me :
I have some EU BUY trades taken at 1.37 , total 0.3 lots
which were left over by a signal service who suddenly dissapeared from market about a month ago.
Hoping for a EU recovery,
I entered another 0.3 lots BUY about 1 week ago,
at 1.2690 , so I could close all trades at BE when reaching about 1.33
Unfortuantelly the EU recovery does not seem to take place, instead the downtrend is rather more accelerating, bringing me in a more and more difficult situation. Free margin now down to 800% . I am on 1:100 leverage.
So what whould you advise me to do ?
Enter 0.6 lots SELL (or more) to hedge the trades (my broker allows hedging) ? Or go for another BUY trade ?
Many thanks in advance for everybody's help.
B/R Michael
forex_trader_7
Uczestnik z Aug 01, 2009
941 postów
May 13, 2010 at 23:07
Don't think anyone really knows where this will end. There is no answer to your question. Welcome to the world of fx.
forex_trader_8139
Uczestnik z Mar 04, 2010
423 postów
May 14, 2010 at 03:12
(edytowane May 14, 2010 at 03:12)
My opinion: If you have spare money then you should top up some money to increase your balance. Then you need to BUY another larger lot size, when the price up this big lot manage to cover all your losses. This is risky since no one know where it will stop. But this is the only choice if you want to safe your initial money.
Otherwise just wait for your account blow up and do not invest anymore into it.
Otherwise just wait for your account blow up and do not invest anymore into it.
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