TP for the second level is usually the 2.00 fib level, but some people like to let it run to see if the direction carries on. Could use a trailing stop strategy in this case.

1 trade a day

Yeah the R:R is always less than 1:1 for each individual trade. But this system for GU and GJ seems to have a considerably larger number of good days than bad. Anyway, the GJ levels I had for today were: 152.160 to 150.435 (range) entry point was ...

1 trade a day

Hi yuan, yes get the same (or near enough) levels for the GU. But not the GJ. I would also note that most people have been taking 50% profits at the 1.618 fib level.

1 trade a day

Thanks everyone! — I'm fairly new to forex and over the past few days I have read every post on this thread (including all the time differnce posts!) and I would like to say thanks to everyone (especially Paulus) for what seems to be a great ...

1 trade a day