Friend, you are in real shit, but still you can recover as there is a balance. Since you have hedged all your positions, you lose no more. Now stop doing anything and study the charts. EUR is sitting on monthly 200 ema it looks like it would hold some times. Stochastic is at almost 0 level. Check the positions next week. if monthly bar shows a doji, there is a possibility to go up a little. trend is trying its best to break the Watch 4 hr charts now. if present trend is holding at 1.2550 level and meet with strong resistant, 1.2400 ; 1.2350. If 1.2550 holds well, take out your buying position and bear the loss. If it breaks that level watch 1.2800 and do as advised above. There is a strong possibility for the pair to come down and test 1.2400 level. at that time take out your selling positions. If the pair breaks 1.2800 level, take out the buying positions and watch 1.3000 level and take out the selling positions. What I mean is consider minimizing the loss. If you do that carefully you may be able to bring the balance to about 150 - 200. How ever you have to know price actions other signals to identify where the price may hold to close your position. Watch news forecast for next week on Monday. If the forecast is bad for USD, the market may price it and would go uo a bit. If bad, may go down a bit. Use such an opportunity to close your positions and come out. I suggest you do what ever before non farm payroll release and try to come out from this mess. GET THE HELP FROM A FRIEND WHO KNOWS BETTER THAN YOU.
If not, watch after non farm payroll and see when you can come out. Once you clear the trades, stop trading for one or two weeks and study the market. Then start trades with 10 usd lots. I suggest you read the thread :"Trading made simple by eellfranc" and study the trading before you start again.
If not, watch after non farm payroll and see when you can come out. Once you clear the trades, stop trading for one or two weeks and study the market. Then start trades with 10 usd lots. I suggest you read the thread :"Trading made simple by eellfranc" and study the trading before you start again.