DislikedThis is my first post so please forgive my lack of lingo. I have been reading the posts for quite some time now and they have been so helpful... so now I am reaching out. I have been trading live for only a few months and so far I have been doing really well... until now. I went long on EU/US at 1.5786 with 2 lots (oh boy )... any thoughts? Take my losses or hold my position?
ThanksIgnored
wow seem you entered right at the top...
I personally think this is a big dip, if u see the weekly chart the EUR was trending up since 2005 or so.
Today EU touch 1.5300, this is 486 pips down 2 lots.....yes (oh boy) is a big amount of money!!
May be if u entered only 2% of your acc with 1000 pips stop, you can hold....
if u risk more....well, if EUR go down even more maybe we are in a long term trend reversal....what bad fu**** luck!!.