Well you only close your short if there is an indication of a trend reversal up from 1308 otherwise you should close both and start over again unless there is a rally to 1347 with reversal that allows you to close the long position, never let a position go beyond 10 pips if the trend goes against your position.
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sir, i have short @1306 and long @1338,, how your suggest sir?
ReplyDeleteWait for 1308 to see close your short.
ReplyDeleteokay sir, but my equity doesn't enough to hold my long @1338 sir, ahould i hedge with short now sir?
ReplyDeleteWell you only close your short if there is an indication of a trend reversal up from 1308 otherwise you should close both and start over again unless there is a rally to 1347 with reversal that allows you to close the long position, never let a position go beyond 10 pips if the trend goes against your position.
ReplyDelete