hi all
im new to forex trading, been trading about 2 months now, and with mixed results, i trade on the 1H chart now and my main problem is retracements, how do you handle them?
for example as soon as i enter the trade i see it go into negative terriority and sometimes it goes higher into negative, then i question my reason for entering the position (although valid at time of entry) so what do you do to minimise retracements?
my stop loss is approx 30-50 pips away and im aiming for 30-50 pips profits.
im new to forex trading, been trading about 2 months now, and with mixed results, i trade on the 1H chart now and my main problem is retracements, how do you handle them?
for example as soon as i enter the trade i see it go into negative terriority and sometimes it goes higher into negative, then i question my reason for entering the position (although valid at time of entry) so what do you do to minimise retracements?
my stop loss is approx 30-50 pips away and im aiming for 30-50 pips profits.