Replies to post #130625 on Simple's Green Room

[boca_bobby]

Still trying to take advantage of one last push to the downside of NZD. I have a long on AUD/NZD but I'm watching closely.


I really like to trade off the TDI. In most cases we see a deep dip then a bit of a run. Then it usually comes back again with a lower price but a higher TDI level.

This is when I get all jiggy because I will draw a trendline on the two low points of the TDI. I then look for the TDI to go up again and return for a 3rd touching of the trendline I just drew.

Once I get it, I jump in to the long side.

With that all said, we have only seen the first deep dip of the TDI. So if my master plan is to work (big laugh) then we should see one last dip on NZD/USD if you are watching the H1 chart....