Anbat

How To Use TDI Indicator (Part 2)

Education
OANDA:AUDJPY   Australian Dollar / Japanese Yen
How To Use TDI indicator (Sell Trade and Buy Trade): One hour chart example ( one hour to four hour trades - be patient)

Sell Trade: #1 example on chart. 4 hour trade for 100 pips.
1) Wait for RSI indicator line (GREEN) line to get close to or go above upper volatility (BLUE) line . The green line is similar to the RSI indicator and represents the market sentiment. It shows you how the market is moving related to positive and negative expectation.
2) Wait for RSI indicator line (GREEN) line to get very close too or crossover the Signal Line (RED) line. The red line is simply a crossover of the green line and can be used for entry and exit in the market.
3) Use either sell limit order or market order to get in at beginning of hourly noted candle. Yes, you can use TDI on all types of trading including scalping, day trading, swing or position trading.
4) Exit or take profit at a major resistance or support area, psychological price level or utilize a trailing stop or predetermined target.

Buy Trade: #2 example on chart. 1 hour trade for 35 pips.
1) Wait for RSI indicator line (GREEN) line to get close to or go below lower volatility (BLUE) line.
2) Wait for RSI indicator line (GREEN) line to get very close too or crossover the Signal Line (RED) line.
3) Use either buy limit order or market order to get in at beginning of hourly noted candle. Yes, you can use TDI on all types of trading including scalping, day trading, swing or position trading.
4) Exit or take profit at a major resistance or support area, psychological price level or utilize a trailing stop or predetermined target.

NOTE: Remember these four things when trading: 1) Pair You Are Trading 2) Price Level On Chart 3) Session(s) Open At This Time 4) Time It Is During The Session or Session(s) Open. Higher volume and liquidity during the times of Tokyo end to London end (12 hours)- best times to trade Forex.


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