Hi guys,
New to forex but have been demo trading shorting the euro and wanted to hear your thoughts on it making a recovery or continuing on a down trend.
Talk about your strategies, how you decide on an entry/exit, how you manage your $$ and so on…
I am just a learner, but so far I have been looking out for the big moves in the morning and jumping on the reversal of big movements on the Eur/usd
As it has been on a down trend i have been leaving stops very wide allowing for the big swings.
I have found myself stopped out many times with stop losses at first, but now I am Understanding the market more I will drop down to the 1 minute to pick an entry.
On the whole If the 4 hour or day is telling me it’s trending down I won’t ride a trade long unless it’s on a quick reversal where I can get in and out quickly.
As I say, I am learning but so far I am 170 pips up today 
that’s only because of the big move this morning.
Really like to hear you guys thoughts good or bad on my strategy so far.
T
You won’t really understand the market on a 1 min TF. You are really just looking at “noise”
Really like to hear you guys thoughts good or bad on my strategy so far.
T
If you have been making money with your strategy consistently with more wins than loss, then it should be good strategy.
I know what you mean, I only use it so find the lowest or highest point to gain a few more pips on entry