Hi, The TP levels came up again recently. The rules say to simply set TP to a minimum of 1:1 risk:reward. That means, calculate the number of pips from your entry price to your stop loss. Then your TP is the same distance away from your entry point. It is that simple. Can set it anywhere from 1:1 to 1:4. In addition, look for a pivot level near your TP for extra confidence. Also, check how much of the recent daily range is left. Example: for the last week, the daily range has been between 100-120 pips. So you can expect today's range will be very close to this. If price today has already made say 80 pips range and you make a buy entry near the high so far for today, how much further up can you expect price to go? Only 20-40 pips, because that will make todays range reach 100-120 pips. However, if you were to make a sell when you're up at the edge of the top of the range, you can expect to catch some big pips because nearly the whole range is underneath you to trade within.