Replies to post #126369 on Simple's Green Room

[boca_bobby]

You're current chart is a "wait and see." We missed the opportunity when the price worked through the tunnel.

When I see price action that is working through an obvious sideways action like this, we may need to peek at a higher time from to get a "feel" for what direction we think it going to go. Once we choose an up or down action, I may then drop down to a lower timeframe, like the M15 for my entry.

On the lower timeframe, what I want to see is an obvious over correction in the TDI. If we think the ultimate direction is going to be up on those higher timeframes, I will look for the M15 TDI market baseline to really take a dip. Hopefully we see it drop below the "32" line.

If this occurs, then as soon as that market baseline starts it's move back up above the "32" line, I enter.

There is a bit of feel for it but this is why it's probably good to just watch 5 or 6 pairs. You really get a feel for what they might do. Hope this helps.