Quote:
Originally Posted by Kimaki
An early good morning to you Greg. Attached is a jpeg of two pairs with positions opened on them. I know that you are not allowed to tell traders what to do with existing trades and I understand that. I am trying to review the options open to me at this time. GBP/USD & AUD/CAD. been giving me trouble. Circled in the jpeg below is how its been running since positions were last opened on them. Today is Friday and they have been like this for two days. especially after the Non Farm Payroll came out. Under the circumstances, Is closing them a viable option? I know that leaving the trade is best under most situations.
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From looking at your chart, you are not that far away from your stop loss. So the difference between waiting it out and cutting early is small considering that the indicators seem to be turning up mildly and support seems to be forming. Losing is not pleasant, however discipline to hold to your stop is needed.
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