DislikedHi everyone,
I am stuck on a hedge position at eurusd as forced by a margin call. Guess my view is that the eur could rise a bit more (maybe 1.33700?) and then hopefully fall. Mi idea is , if that happens, close the buy orders (at 1.32200) and then leave the sells opened in the hope of a sharp fall. Attached enclosed my screen shot. any ideas on how to manage this mess are really, really appreciated.
thanks to all in advanceIgnored
I have about 5 mins - the nurse is not ready as yet.
Im not being hard on you - Im helping. Sometimes some of the best decisions cause the greatest pain.
Lets look at your orders.
Every single oder has no TAKE PROFIT and NO STOP LOSS - what is that saying about your plan of action.
You have intentionally agreed to expose your entire account to the market. Why?
You have no TP to exit any of your trades.
Manually executing your trades could be your plan, but a back up measure just in case you are not around of something happens, your internet goes down, your brokers platform goes down, some unplanned annoucement - your mouse just stops working - You must have something set - for JUST IN CASE MOMENTS.
So by exposing your whole account - you are saying to the market - I dont care if I lose all this money and here you are now, trying to find a way not to lose it.
Ok - the nurse is ready - I have to run.
Im on your side
HDA OUT