Hi traders ,
As you may see , I have been defending my account balance by the hedging of current opened positions. My expectation was GBPAUD and GBPCAD long but after few minutes my positions went wrong. For this reason I use plan B. I believe that EURGBP will go lower about 30-40 pips. so I turned all my current positions to EURGBP short. I do that by adding another positions (EURCAD, EURAUD) short. exposure is not equal but I did this anyway. now we can see very nice 30 minute red candle. I hope for continuation to EURGBP level. 0.79. there is cash rate announcement today so this exposure is very dangerous. My P&L is 96k $. i hope that position will get me back to 160k $ of p&l at least. equity of 300k $ could push me to top ten.
good luck.
Airmike
As you may see , I have been defending my account balance by the hedging of current opened positions. My expectation was GBPAUD and GBPCAD long but after few minutes my positions went wrong. For this reason I use plan B. I believe that EURGBP will go lower about 30-40 pips. so I turned all my current positions to EURGBP short. I do that by adding another positions (EURCAD, EURAUD) short. exposure is not equal but I did this anyway. now we can see very nice 30 minute red candle. I hope for continuation to EURGBP level. 0.79. there is cash rate announcement today so this exposure is very dangerous. My P&L is 96k $. i hope that position will get me back to 160k $ of p&l at least. equity of 300k $ could push me to top ten.
good luck.
Airmike
