My humble and oversipmlistic view on this:
Momentum is up, wait for a pull back if momentum is maintained. If momentum is not mantained and turns, wait for a pull back of it to go short and do not stay in much unless your intention is to gain at least 150 pips, in that case enter something that has value at a cheaper price (yes just like you go shopping) and have a SL of 100 pips (EU, for others use different measures), if you are wrong you are wrong, if not, buy more (if long) every 50 pips (EU) and move your SL every risk. If you able to draw good TL, take profit around there.
Hey, do not listen to me, I always talk BS.
Momentum is up, wait for a pull back if momentum is maintained. If momentum is not mantained and turns, wait for a pull back of it to go short and do not stay in much unless your intention is to gain at least 150 pips, in that case enter something that has value at a cheaper price (yes just like you go shopping) and have a SL of 100 pips (EU, for others use different measures), if you are wrong you are wrong, if not, buy more (if long) every 50 pips (EU) and move your SL every risk. If you able to draw good TL, take profit around there.
Hey, do not listen to me, I always talk BS.
Wherever you go, there you are.