Thank you Tiki for the feedback! It is wonderful to hear from someone In precisely the same trade
and It is interesting that we found the same thing from various views.
Today's low is 1.9939 so far and I decided to modify my order and moved the stop to 1.9938. That is 1 pip below today's low. I think it is very near the price at the moment. It will be interesting to see what will happen when the US market opens.
I found very great info regarding large, low, open, close at
http://www.fxstreet.com/rates-charts...aspx?id=GBPUSD. I use MT4 and keep changing between different time scales all of the time since I have a difficult time to have a fantastic perspective. I promise I will always use the daily charts for the long/short signs but it feels like I have to use different time scales to find a view of these movements in the price.
I will attempt to keep thinking more about performing right/wrong or good/bad items rather than loosing/earning cash as I learn this.