Originally Posted by maria77

Hi Linuxser, thanks for taking interest.

Yeah I agree that it can very profitable. I'm using a 1:1 R:R which is more conservative but lower risk in a way. That is a TP and SL of 30 pips.

Today, GBP/USD hit the high of yesterday @ 1.9724 and went all the way up to 1.9779, if anybody has entered this trade at the high, you could have easily made some pips then.

However, there's a discussion. I myself also put a B/S order each day. I'm thinking about additional opportunity, for example today again.. the price went up to 1.9779 and then back down to 1.9712 again. Before that, I've taken profit @ 1.9754 which is my R:R ratio. I'm wondering whether should I enter the trade again at 1.9724 since it went down below the previous day high again. Hmmm..

Attached is the simple SR indicator created by mqldev. Thanks man.