I've been testing the daily and 4h EurUsd and it can take several days to over a week for a really good setup to appear. So far I'm profitable but I want to get more trades in. Just 1 or 2 good setups a week would be great. So I've been thinking about trading the 1h chart. But 1h movements seem to just be several pips at a time. With it being that precise do you get a lot of slippage?
If I enter a trade at 1.550 and the profit target is 10 pips away at 1.560, which often seems to be the case at 1h, that gives me 8-9 pips to potentially profit from since 1-2 go to spread. With things that tight it seems just a few pips of slippage could be disastrous. Is that a legit concern or am I over-thinking?
If I enter a trade at 1.550 and the profit target is 10 pips away at 1.560, which often seems to be the case at 1h, that gives me 8-9 pips to potentially profit from since 1-2 go to spread. With things that tight it seems just a few pips of slippage could be disastrous. Is that a legit concern or am I over-thinking?