DislikedHello im new to this forum,I hope you all had good trading week.I am holding AN for 2 days and it is continuously going up,what is your opinion? i sold on 1.09330 i.e 203 pips loss,im hoping that it will descent now.4 hours fib shows the trade is on 38% fib level.Lets ride the journey together.Ignored
we are still holding our trades on sell, we made hedging to lower the losses
i do not know how much you can over stand the up trend, is your account fat big or just small, what are your trades sizes in the sell
just see the chart
it will fall down soon
if you cannot over stand the many lots you have, either you begin closing and making martinage or ou make hedging to top for small portions
ok
for closing trades
for example
you have a loss of 50 usd in one sell trade and you can not over stand its position of 0.1 lot size as an example
close it
then make small trade of 0.01 sell and make several limit sell orders of different sizes 0.01/0.02/0.03 till you reach 0.1 with equal distances from top
and make several sell stop 0.01/0.02 till you get 0.05
now you have 0.15 lots in different locations ready for triggering and one 0.01 lot sell already excuted.
now take profit
50usd = 0.15*y points ( best for this pair)
50/0.15 = distance = 335 points = BE point
then
0.01 lot done is your indicator
any sell limit above it give it 400 to 500 points tp
any sell stop under it give it 150-250 POINTS TP
NO STOP LOSS
BY THIS ANY MOVEMENT IN THE MARKET WILL RETURN BACK YOUR CASH LOST PLUS PROFIT
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"