FX:GBPJPY   British Pound/Japanese Yen
119 0 8
10 months ago
A potential HLMTR. A good buy upon a convincing break of BOL.
Conservative stop = Below SX
Aggressive stop = Below HLMTR
However, should we get a fake BO to the upside, I'd look to short to SX


UTL=UpTrendline = A line from the Lowest Low, upward and to the highest minor low point preceding the Highest High so that the line does not pass through prices in between
these two points.
DTL=DownTrendline = A line from the highest high point downward to the lowest minor high point preceding the lowest low so that the line does not pass through prices in between these two high points.
SX/BX =Sell Climax/Buy Climax
BOL=Breakout limit (Determined when price seize to make a new high/low in 5 bars since the last high/low following the initial rally/selloff after TL BO)
LH MTR = Lower High Major Trend Reversal = Leg up following the BOL             gets close to BX            
HH MTR=Higher High Major Trend Reversal = Leg up following the BOL             exceeds BX            
LLMTR = Lower Low Major Trend Reversal = Leg down following the BOL             exceeds SX
HL MTR= Higher Low Major Trend Reversal =Legdown following the BOL             only gets close to SX
TR = Trading Range (Tradable legs implied)
The Logic
1. Trend trading until the weight of evidence tells of the absence of the trend.
2. And to trade the potential legs within the trading range, when price finally breaks the trendline, and enters into a tradable trading range, until there's a trading range breakout- continuation or reversal.
10 months ago
Currently doing trading, full time for a living. I invite you to share in my private funds management. Minimum Capital: $10 000USD.
CONTACT: moorekapital@gmail.com or PM me for a discussion today! https://www.tradingview.com/chat/#Q8tWbgGWUxMgOT0K
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out