We are going to have a look at how we can identify:
1. The correct days to look for a trade 2. The direction we should trade in 3. Where to look for entries on a set and forget basis 4. Where to look for the high r/r trades
#eurusd
We start on the daily chart, we are looking here for local liquidity and also the correct days to look for a trade.
You shall see that we are in an overall uptrend.
When in an uptrend we only want to look for the long entry. We do this as price is always seeking liquidity....
Jun 6, 2022 • 8 tweets • 4 min read
The TDI: A Thread 1/8
Many traders will have heard of the RSI yet not so many the TDI.
The traders dynamic index essentially provides us with a premium RSI indicator.
Lets have a look how it works.
Within the TDI we have several elements.
The market base is the slow moving direction of momentum in the market.
From timeframe to timeframe this changes so it is key to check across multiple timeframes.
We can see how price and the market base behave.
