Hello everyone,
beeing quite an unexperienced manual trader (mostly trated with EAs so far only) I would like to seek for your advice on my following account situation which is getting more and more critical for me :
I have some EU BUY trades taken at 1.37 , total 0.3 lots
which were left over by a signal service who suddenly dissapeared from market about a month ago.
Hoping for a EU recovery,
I entered another 0.3 lots BUY about 1 week ago,
at 1.2690 , so I could close all trades at BE when reaching about 1.33
Unfortuantelly the EU recovery does not seem to take place, instead the downtrend is rather more accelerating, bringing me in a more and more difficult situation. Free margin now down to 800% I am on 1:100 leverage.
So what whould you advise me to do ?
Enter 0.6 lots SELL (or more) to hedge the trades (my broker allows hedging) ? Or go for another BUY trade ?
Many thanks in advance for everybody's help.
B/R Michael
beeing quite an unexperienced manual trader (mostly trated with EAs so far only) I would like to seek for your advice on my following account situation which is getting more and more critical for me :
I have some EU BUY trades taken at 1.37 , total 0.3 lots
which were left over by a signal service who suddenly dissapeared from market about a month ago.
Hoping for a EU recovery,
I entered another 0.3 lots BUY about 1 week ago,
at 1.2690 , so I could close all trades at BE when reaching about 1.33
Unfortuantelly the EU recovery does not seem to take place, instead the downtrend is rather more accelerating, bringing me in a more and more difficult situation. Free margin now down to 800% I am on 1:100 leverage.
So what whould you advise me to do ?
Enter 0.6 lots SELL (or more) to hedge the trades (my broker allows hedging) ? Or go for another BUY trade ?
Many thanks in advance for everybody's help.
B/R Michael