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Long term trade going bad.

Discussion in 'Market Predictions and Reports' started by Johnny2pips, Mar 29, 2011.

  1. Johnny2pips

    Johnny2pips Sergeant

    Sep 10, 2010
    Likes Received:
    Please help and all. I went long on GBP/CHF when it was 1.54.. and it is now 1.47.. No SL. $2 000.00 DD at this stage on my $10k account.
    I got in after a few beers and was not thinking concurrently and all.
    Next day, I saw the Longer Picture. It has been going down long time and all. Since 2008. No ups big time. Only small time.
    What do you think I must do? Close now or keep long time. Looks like 1.40.. is in sight and all.
    Thanks guys.
  2. chaosscrem

    chaosscrem Corporal

    Feb 18, 2010
    Likes Received:

    Just pray and wait for retracement or close position now.
    It will be expensive lesson but not as expensive as account blow out if something will go very bad.
    And use s/l - belive me - its Your single friend on FOREX. :mad:

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