hi karmo, i manage to grab 200 pips off that 500pip fall.logged in at 144 thought i could join and it paid off. i put in another short at 140.87. i then decided to read up the auslanco thread to know how the market has been. met the usual. up! no down! how can u short at this level? i chickened out and hedged my short trade at 141.36. u can figure out my dilemma now.
how do i best manage these positions. i can afford a stop loss of 50 pips. at what point do i remove the hedge? 5 min 50ema? will it retrace up to that level? do i just close both positions and take the 68 pip loss? i will be left with 140pips profit so far.please what do you think? any body wants to help? tradedestar are you there?
how do i best manage these positions. i can afford a stop loss of 50 pips. at what point do i remove the hedge? 5 min 50ema? will it retrace up to that level? do i just close both positions and take the 68 pip loss? i will be left with 140pips profit so far.please what do you think? any body wants to help? tradedestar are you there?