Standard Deviation Channel Uptrend

FX:GBPJPY   British Pound / Japanese Yen
171 0
A nice upward trend riding on standard deviation channel bouncing low to high and back to low. However, the Friday close had indicated a rejection of the median line and short trade can be initiated (sell stop at below candle). Stop loss at recent high. Target profit 1 at low of channel and TP 2 and break of channel (further development to be observed).

Please practice trade management and size your lot size according to your account capital.

Imagine this. If your account is $100, 1% win brings $1, no big deal. Even if lose, no big deal.
However, if your account is $1M, 1% win brings $10K. Rather big deal, which is months of salary of most of us in general. So please do not underestimate the power of 1%.

Please like this post, if you agree with me.

Trade 2 still active hence i will not consider this trade as my Tradingview journal 2018.

Trade 1: Lost (Direction is right after all, accepted that stop loss is hit)
Trade 2: Active (See link below)
Trade active: Trailing H4.
Trade active: The long term channel up has broken, retest. Will be fast to 134.500
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out