According to me.....today in NF 5 min chart , there was only one short trade below 5 min 11:05 pl low and covered partially above 5 min 12:05 EOM candle and for rest tsl is above 5 min 12:15 ph high.
Please indulge my question.
I am trying to learn the pivot system slowly.
Wasn't there a long above the break of first 5 min candle of the day (i.e. 8206.65)? If not, it would be great if you could mention why it wasn't a valid trade.
No there was no long above first 5 min candle becuse we are in the previous day rang so here we must wait for a pivot and there was 5 min 10:05 pivot but this was too close within the strong reistance area so didn't take the long and i decided to wait......... and price didn't break the R area and come back......... here we got double top and almost tripple top on dialy chart......... and then shorted below 5 min 11:05 pl low.