We are still in downtrend from point 1 to 2 in the picture. Thats why i want to find short level based on Volume Profile and confirmed with Price action. Level 1.3118 was in the past very strong support ( Support 1 + Support 2 ). Fortunately this level became resistance. When you combinate Volume profile with price action you will get more accurate trades and bigger win ratio.
1.29-1.31 price I would imagine is what deemed as a fair median price (between pre Brexit and status quo) for now judging from the Brexit issues (1.18-1.21 is way too cheap), I do not think any Banks in the UK would allow that). Price would enter a period of accumulation for few days before it moves out of 1.29-1.31 range (probably) your trading plan is the best I've seen so far regarding the GBPUSD (and most realisitc).
SIUSHINGTO
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i can't believe some of your trades's rr ratio is below 1.........
Trader_Dale
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@SIUSHINGTO, If you have method what have around 60-80 % win then you are still in WINNER SIDE.
sufiansaid
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@Trader_Dale, someone's edge doesn't have to be more than 2:1 ratio. That is just a myth! Personally, my method has better results over time when its in 2:1 minimum over time because it has less than 48-50% win rate (I do not put my trade on a 2:1 ratio just because!)
Totally agree with you mate (and the mathematics can't deny your logic :D), if your method has 60-80 win rate over period of time (and we are not talking about 10 trades sample size here), having less than 1:1 Reward Risk ratio is absolutely fine. Its all about being profitable over period of time.