Fair enough that is a 1 to 1 RR but you would need to be right at least 50% of the time to be making any money at all, my ideal entry would have been at 1.0320 when I first got my sell signal and so that would have netted a 1:3 RR (but I was sleeping at the time) which equates to a 25% success rate if it works out.
Also I factor in that 1.0260 is my sl to be point (even partial take profit level) for another leg lower depending on what my chart says at that point.
Also the probability of the market heading down further has skewed my main indicator that I use which lessens the probability for a profitable trade.
Sorry about my explanation but most of these things are floating around my head, I have them written down (my rules for trading), I just look at a chart and if the probabilities and bias are in my favour I take the trade.
Hope it helps if any
