Help needed....I hedged using buy and sell in same pair USDJPY...any strategy to exit?

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SmartTradeUK
7
SmartTradeUK  

Hi All,

I am new to the forum and forex trading. I trade on MT4.  I opened a Sell position in USDJPY (at price 108.76) but market went against me and I hedged it with a Buy in same pair (at price 112.660). The gap between the two trades (floating loss) is over $3000. I have $1000 equity left. I have learned my lesson from the mistake of hedging and not using stop loss. USDJPY is still going higher. Can some experts please suggest a way out. at what price and how can i exit. I have a couple of thousand dollars available in reserve that I can deposit to increase the equity. Thanks

Marco vd Heijden
Moderator
8368
Marco vd Heijden  

And what exactly do you want us to say ?

How large are the positions you speak of ?

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