Everytime I have to go and dig the past
Excerpt from SAINTS POST
We keep a filter and taking it out demonstrates strength.....even our old filter does not get taken out by the breakout bar H2559,next bar H2568,next bar H 2571,next bar H 2575........the basis of the moving filter came from this thread,hidden now in tonnes of posts.....we have never needed to use it much over here thus far,but then there comes along a day like today.
The virtues of the breakout bar cannot be extolled enough......if the first bar doesn't get us in,the second bar.....when price blasts through a big filter,there is conviction for a reversal.And a limp breakout and the next and then the next.........without hitting the Filter,no conviction.Therefore short.
following or not is upto individual .. but this is what rule says ...
who says SAR can only be shifted from Pivot to pivot