I also wanted to add that it's best to enter two positions and take one off when 100 pips is achieved and pull to break even on the other position. That way you aren't monkeying around with your stop loss and if it swings back, you have not lost anything on the second one. So for instance, this can be pulling back and I have still banked 100 pips... If it takes out the second one, that is fine... I still have 100 pips and on to the next entry. The 618 and 786 entries help me to minimize my stop loss, and as long as I trade a 3:1 risk reward ratio, I can lose 60 percent of these and still move forward with the account balance. It's in the risk reward, not in the winning percentage. If you are a beginner, this is an important premise to understand and respect.