I'm pretty much a beginner myself. New to the forum also.
One easy trading egy, which has worked so far is to place entry orders if I visit a horizontal station or a triangle formation. I normally place an entry order at 5 to 10 pips over the station to go long. The same as a short/sell, entrance order is placed below the channel. My stop loss is usually 30 to 40 pips.
My trading hours are during late Asian semester. Which is late night here. I abandon my entrance orders to be implemented for afterwards.
Now I saw eur/usd pair forming a triangle in 1 hour chart at approximately 23:00 (U.S eastern time), eur/usd was 126.15. I placed a buy/long entrance order for 1.2645 and a sell/short entrance order for 1.2595. The two with 40 pip stops. At this moment (03:24 est) the pair reaches 1.2586 and I'm up 10 pips up to now. I would not take profit yet. Lets wait and watch. I would trail my stop loss though.
I'm also long USD/JPY since 01:30 est.. I enetred at 118.75 (based upon daily chart trendline.
Goodluck.