hello there. say you are playing a breakout strategy on lower time frames. obviously by the time you see a breakout it is too late
i am newbie. i notice most of the large price gains occur in a minute or two on some random news, and the rest of the time is just whipsaw and seesaw. So in order to make money in FX you need to capture that sudden pip move/ and or pick retracement level. the 95% of the rest of the time is just nothing happen.
Is really the only way to use a stop buy/sell order and actively put them in at rough levels as per your strategy. then once you are in trail profit using an EA or something? Because exits can’t be done manually - often its too inconsistent?
watching the screen will prove no point, as you can lose concentration and you will miss that 1 minute spike