PLEASE DO NOT TAKE THIS AS FINAL TRADES 4 D WEEK....this is open 4 discussion....please let seniors comment on dis view.....
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on 2nd feb we had a gap down opening....the 1st 5 min bar was same as our sl 2 bars back on 30 jan....we shorted below 2815 - f....
den on 3 feb we had a gap up opening...which also formed a ph....b/w 2-3 p.m. our sl of 2797 +f was taken out......but soon after it hit the SAR .. it started to come down drastically....negating the whole upmove....and negating the whole breakout....
i have witnessed in some other instruments like gold for eg. that we generally 1ce in a blue moon witness false breakouts which take out our filters too......but by giving a weak closing it it alarms us.....this is where MOVING FILTER concept shoots inn......
here is 1 more recent eg. i witnessed....which i hav posted in comm. trading thread....
a very recent example of closing below sar imp levels is stated below....
i hav tried dis couple of times in gold....after backtesting gold found dis whipsaw a few times...witnessed it here too so thought of posting....
these whipsaws are quite pathetic....they r not worth 100 pts loss
....which is big money......
out of ur experience please comment on dis thing ....
thank u
regards
neeraj