Replies to post #48461 on Simple's Green Room

[pennies2007]

Primarily the 1 hour chart, Jav.

I also like to look at the 4 hour chart. When both are in agreement, it really sets the stage for a nice move.

Right now, my short on EU was dicated by the 1 Hr chart hitting a double top plus the TDI hit right at the 68 level which usually indicates a reversal is in order.

My Beast short this morning was based on the 4 hour chart TDI hitting 68 and turning down. Plus, my Oanda 3 hour chart showed the Beast to be overbought at this level. It's run up 600 pips from the bottom so a short at the 146 level is relatively safe.