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Attachments: Can I recover trades with only 10% equity left? Please help!
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Can I recover trades with only 10% equity left? Please help!

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.
Quoting BenderTrader
Can accounts be traded with only 10 % equity - have so many bad trades opened at 1.3600 on EUR USD Long - Help please anyone The accounts involved have large sums - Please any help is needed
I charge you 20k up front to tell you what to do... and you will save at least 70K.. get it..
Passion, Persist, Patience, Protect
Quoting TessiaFx
ouch Bender really sorry don't really know what to say I would try to get out of those trades when the EUR retraces and enter shorts as others have said..... for what it is worth on any given trade I always enter with SL and Target as I place the trade and never risk more than 1 % per trade.... ironically there are times when the stops seem to do everything BUT protect, as in my case I would have lost almost no trades if I had traded without stops but at the end of the day in my opinion it is the only safe way to do it.....you have a large enough...

Thank you - I will try this
Quoting ramses2
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...

Thank You - I will try this
Quoting merquise
@BenderTrader Can you tell us how you managed to get into that mess anyway..did you overleveraged? 800k account, damn you should have hedged all your positions with buying PUT Options if nothing else..

I was told to use options but in all honety I dont know much about it and did not want to take further losses
Quoting Verve
{quote} good thinking, i would advise entering jpy longs ??

Yes - I plan to close the EU shorts and cut some positions from the EU buys right at the top thereby reducing some exposure
by 'hedging' it is like closing the position.
if we buy, we close it with sell, either with the same contract, or with new contract.
with every contract we pay spread for fee, so 'hedging' would be like 1 trade with doubled fee.
i enter this condition quite often, know that it is bad, but i just don't want to loose that delicious dreamy equity number, which i actually had lost long time ago.
unrealized loss/profit is as real as realized p/l.
this illusion has bite me many times.
Quoting BenderTrader
{quote} I was told to use options but in all honety I dont know much about it and did not want to take further losses
Find someone with expertise in Options..recalculate how much lots you have in your open positions then hedge with Options in ratio 1 lot : 1 option..those options where much more cheaper back when the strike prices where at the levels you opened your trades..

There are many true ways to hedge...what you did (going long and short simultaneously in one pair) is not "hedging" but "position locking"
yes you can recover just stop this thread shit and trade smartly
Quoting BenderTrader
{quote} I was told to use options but in all honety I dont know much about it and did not want to take further losses
Yes is true you have that loss locked.

Now ... 10% equity, it's really short ... even with a 50% return a Month (return over equity), it will take about 6 Months to get that account on target.

It's almost impossible ...
Must have a plan with solutions, price can go either way, the plan must be solid.

My advice to you: get someone who knows, how to manage hedging positions. Someone who as a system that works. Think about the way to pay for that miracle.

I hope that you can get out of this nightmare. best of luck.
Don't swim with the sharks ...
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Quoting BenderTrader
{quote} Yes - I plan to close the EU shorts and cut some positions from the EU buys right at the top thereby reducing some exposure
Hi Bender: Saw that you are from UAE.. Can you check your private message i sent you a message now
Quoting BenderTrader
Can accounts be traded with only 10 % equity - have so many bad trades opened at 1.3600 on EUR USD Long - Help please anyone The accounts involved have large sums - Please any help is needed
In short term you cant recover , and stop thinking about that.
In long term you can recover not only recover you can double it.
Hi Bro, hope things will work out ahead, and may you recoup as much as possible. Anyway, here a quick straight to the point reply, assuming you lose the rationale to make judgemental analysis and money management.

Whether to cut loss:
- Depend how much you can afford to lose. If you cant afford to lose all, you have to take a "gamble" and hold it "hoping" it goes your way
- If you had other strong income sources, either you pump in more capital to hold the pair till a retracement or reversal to reduce your loss, or you cut all losses now, and rebuild your account by steadily increase your trading account from your other incomes.

Eurusd is due for a formation within this 2 months:
- A small retracement upwards (~200-400pips)
- Go further down and follow by a sharp reverse upwards (~1000 pips)

There are also other considerations to decide how you should manage it, but anyway, its just a brief quick reply. Good luck.
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The only winner is the one who survive the longest...
Dear bro

see your problem i can manage the accounts because i face this type of problem so much in my own account.

if you send me your exect equity and your balance may be i can help you.

waiting your reply
dont panic. first .
u need to survive possible drop to 1.18
test of 1.30 is coming
exit there
DO NOT CLOSE TRADES WAIT FOR 1.2100 rejection, We are looking for 1.2800 before we see 1.1800, I'm looking for decent pullback of 2 support levels on Daily chart last 2 support levels gives us 1.2800. on the pull back from 1.21 start buying the dips on 4 hr stochastics (8,3,3)

If it does reach first 1.18 you are finished by the way i have calculated from your posts on the first page

split that 100k, 20 times (5%), 50pip SL trade with the trend and against it, double your size as you win, if you lose you can't go up. after 3-4 winning trades in a row return to your original size and try it again, I've made
4-30 times my stake on many runs . You don't have to be right 50% of the time. You should be able to do very well especially now volatility is back.
FTMO $10k Verification #2 (PASSED) All Time Return: 5.2%
Quoting BenderTrader
{quote} Yes - I plan to close the EU shorts and cut some positions from the EU buys right at the top thereby reducing some exposure
What is Ur average price now? and hw many positions/lots do U carry atm/still have open?
One thing is for certain. You have definitely chosen the best course of action by seeking out anonymous strangers on a public Internet forum for assistance. Everyone here is a genius and knows exactly what to do. One more thing is for certain and that is that as soon as you close your losing trades, the market will reverse and you would have been fine. Good luck with all that.
There's always money in the banana stand.
Quoting LizardGizzard
One thing is for certain. You have definitely chosen the best course of action by seeking out anonymous strangers on a public Internet forum for assistance. Everyone here is a genius and knows exactly what to do. One more thing is for certain and that is that as soon as you close your losing trades, the market will reverse and you would have been fine. Good luck with all that.
depends hw deep in the hole...and open lots/pos. with only 10% equity left...
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