Hi Vets
I would like to know if it is possible to have multiple Long and short orders in the same currency pairs. Lets say for instance I am trading on the 4hr chart and I am in a short position with two lots, the price is going down nicely and we are at about 100 pips profit. But then the price is suddenly making a u turn going back up (more than the average correction), even though I feel after VSA that it should go down allot more. Can I then go long 2 lots in a separate trade on the same currency without closing my short position higher up that also consists of two lots?
And then we I see the price is going down again I sell the two lots that I went long on for a small profit and still have open my earlier trade of two short lots?
Can this maybe be done with OCO brakets? Does it depend on the broker?
On the trading platform?, or is it just not possible?
PS: I really don't want to hedge it with another currency pair if it can be helped.
I would like to know if it is possible to have multiple Long and short orders in the same currency pairs. Lets say for instance I am trading on the 4hr chart and I am in a short position with two lots, the price is going down nicely and we are at about 100 pips profit. But then the price is suddenly making a u turn going back up (more than the average correction), even though I feel after VSA that it should go down allot more. Can I then go long 2 lots in a separate trade on the same currency without closing my short position higher up that also consists of two lots?
And then we I see the price is going down again I sell the two lots that I went long on for a small profit and still have open my earlier trade of two short lots?
Can this maybe be done with OCO brakets? Does it depend on the broker?
On the trading platform?, or is it just not possible?
PS: I really don't want to hedge it with another currency pair if it can be helped.
Live happens 5 minutes at a time...