Simple's Green Room

[pennies2007]

The box should cover the entire trend line move from lowest point to highest point from where you begin and end the initial trend line that you're watching.

The method is very similar to the standard box method we've explored before here on the board. The difference is that the trader is using line charts and he's estimating box size based on the trendline size rather than a standard price action box...but the overall setup is still familiar.