DislikedGreetings,
This is simply the best strategy for trading forex that I have come across after extensive research. Absolutely nothing compares. Please don't reconsider this strategy...you have a good thing going..just keep at it. To manage my risk, I don't place my stop loss at the previous significant high or low..I place stop loss 15 pips below the lowest candle at the fibonnaci level indicating the reversal. This will greatly improve your 2:1 risk to reward ratio. Also, I have found that the .786 retracement level is the best risk/reward point that increases your ratio by 3:1. All the best and happy trading.
regards,
forexnetworthIgnored
maybe this will help clarify things. Good trading.
Pippiper