Please, I need some help with my EURUSD trading.
I have been stuck with EURUSD for 3m, appreciate if anyone can provide some helpful thoughts.
I have 25 buy [email protected], 5 buy [email protected] and 10 buy [email protected], 25 sell [email protected], 5 sell [email protected] and 10 sell [email protected] in the same account. What is the best strategy to exit all positions with minimum loss?
Thank you.
KelvinFX, my friend if all these positions are open I think you are not in a very good spot. It is Friday the end of the trading week and year, volatility is low. There is sometimes a spike at the end of friday but knowing which way today is a big guess and gamble.
I would move all your open stops close to the current price and pray. Hopefully what ever volume is left for the day will take out your positions on both sides with in 10 pips of the curent price.
Yeah, I know. I am not expecting to exit within one day. Just want to know what will be the best way to close all positions with minimum loss. As I only have $10k free margin now. Thank you.