Depend if the market is ranging or trending. In ranging it will never reach high levels and then avoid to trade. In trending, when it reach it can stay high as long as the trend is strong.

Keep in mind that the Probability Meter doesn't give you entry point but confirm your own style/analysis.

However you certainly read earlier in this thread a nice setup with a combination of 3 TFs. Method to trade the probability meter standalone. Also explained in a pdf provided with the tool.

Thanks for your interest.

FerruFx

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I was searching for something like this to confirm my trades and avoid ranging markets, you're the man Ferru!

ranging market vs trendy market



if we enter during ranging market (but we thought it is a NEW trend)

we are doomed


get out of it is not easy either -- as ranging market , the range may move a little bit too --- I think the best is to get out around -20 pip , take the LOSS



few indicators will indicate ranging market eg bbsqueeze, but will we stop trading during ranging market -- this is another MAIN thing, we have to consider our own habit !! (really stop trading during ranging market or quote a larger range that we WON't enter during that range ??)