hey guys just posting this for someone who PMed me asking how to get a decent TP level on GU longs for next week so don't go bananas over this. )))
Ok so here we go. Pop open H1 GU chart and in drawing tools MT4 terminal extend std dev channel based on 2 reference points in the chart from a to b. Now open up objects choose std dev channel and adjust std dev setting to 2. Ok to now compress your chart so that area directly above 4400 can be seen.
Now the area highlighted in orange should be your TP +-20 points in GU.
That's one way of doing it, not going into fib extensions in here.
Ok so here we go. Pop open H1 GU chart and in drawing tools MT4 terminal extend std dev channel based on 2 reference points in the chart from a to b. Now open up objects choose std dev channel and adjust std dev setting to 2. Ok to now compress your chart so that area directly above 4400 can be seen.
Now the area highlighted in orange should be your TP +-20 points in GU.
That's one way of doing it, not going into fib extensions in here.