EUR/USD has fallen from 1.60 to 1.27 since July and nothing seems to be able to stop it from falling even more. Today I tried trading EUR/USD by scalping and having a stop loss at 10 PIPs. My bankroll in OANDA, which is the forex platform I use, is just $330 but managed to make around $150 in 3 hours by following easy rules and making good use of the charts.

Having returned from holidays (read more here), I took a shot at foreign exchange (Forex) trading the EUR/USD pair. Upon looking at the picture below, you might think that I was watching the market for over 3 hours. That's not really the case, as I woke up at my girlfriend's apartment and traded for about an hour from there and continued trading for 30 minutes when I arrived at home. I more or so applied a couple of ideas I read in the pdf's and books I read during the past week, and as you can see I did pretty ok, losing just one trade. The amounts are in US dollars and for the time being the important thing to mention is that I close half position at a certain level, while I leave the rest for trading. When the stop loss is hit, the whole position is closed obviously (as in the red P&L). I'll share more details in the future.