USDCHF heelp!

[echaz]

hi guys, i have a question

fap has opened for usdchf a buy order at 1.2000 . this order is already -114 pips.. tell me what to do?
should i manually close that trade or not? .. i have no stoploss set..

[mystikdragon7]

hi guys, i have a question

fap has opened for usdchf a buy order at 1.2000 . this order is already -114 pips.. tell me what to do?
should i manually close that trade or not? .. i have no stoploss set..

If you want to cut your losses now and start over again and feel that it will go down even more, then go ahead and close out the trade now. Me personally I wouldn't close it just yet. I have been down 350 pips before and closed out the trade only to watch it come back and I would have made a nice profit. So again at a later time I was down ~350 pips and didn't close it and it came back the same day to give me some nice profits.

[BryanA]

Just a thought. The Eur/Usd, which typically moves opposite the Usd/Chf has hit it hourly resistance. I am hoping that it will correct now. Perhaps the Usd/Chf will as well.

I am in no means telling you to hold on if you feel like closing the trade. Like dragon said though, FAPS does do this occasionally. I think we should get used to seeing that every once in a while.

Bryan