EURUSD pair is most of the time ranging. It only moves when there is a high impact news.
That good thing about EURUSD is that it can give you trades that make 100-200 pips with a small stop loss of 10 pips.
Sometimes EURUSD is generous and gives 400 pips as well.
Read the post in which I explain in detail a recent EURUSD sell trade that made 400 pips with a small 12 pip stop loss.
This time it was the US Presidential Elections that jolted EURUSD out of its sleep.
On election day EURUSD fist went up and then it changes it mind and dropped down like a stone.
The stop loss was just 12 pips. The essence of trading is to keep the risk to the minimum.
I only open a trade when I have a high probability signal with a stop loss less than 15 pips.
Always use pending orders when opening a trade.
This ensures that you get a good entry.
If your order doesn't get filled, don't worry at all.
Tomorrow you will get a new signal.
