M1 EURUSD - managing risk in a tough trend!
here, it becomes obvious i am fighting a tough trend!
in this case, my risk management level was the resistance above ema200, price action is watched very closely, the trading decisions made at this level vary significantly and is mostly dependant on the number of open positions at the time...
one or two positions would allow me to let it run its course beyond that level seeking further opportunities...
three or four positions would have me seriously considering taking a loss for this trade but might wait a little longer...
five or more positions would definitely result in cutting the loss at any sign of continuation beyond this point...
every trade is unique and must be handled accordingly!
here, it becomes obvious i am fighting a tough trend!
in this case, my risk management level was the resistance above ema200, price action is watched very closely, the trading decisions made at this level vary significantly and is mostly dependant on the number of open positions at the time...
one or two positions would allow me to let it run its course beyond that level seeking further opportunities...
three or four positions would have me seriously considering taking a loss for this trade but might wait a little longer...
five or more positions would definitely result in cutting the loss at any sign of continuation beyond this point...
every trade is unique and must be handled accordingly!
every minute matters!
