Thanks.
But if we shoft SAR lower like that;
A gradual and continuous PIVOT LOW formation like this will shift us to any lower point right?
See below what I mean.
PIVOT LOW Formation @ 3857 -> Shifit SAR to 3857-15 = 3842 ?
PIVOT LOW Formation @ 3843 -> Shifit SAR to 3840-15 = 3828 ?
PIVOT LOW Formation @ 3830 -> Shifit SAR to 3820-15 = 3815 ?
PIVOT LOW Formation @ 3817 -> Shifit SAR to 3857-15 = 3802 ?
and so on...
Isn't it? Seriously.
Hari.
Yes Hari...you are right. We have to gradually lower our stops, beyond what we risked initially.
But then also have a risk stop in such cases.(This is my personal interpretation...certainly not as per current system). What I do is, if I have risked 1% in the trade...and if pivots move lower, as in your example....I dont go beyond a point where my risk exceeds 2%. Of course, gaps are not included, where we maintain our stops at low of the gap 1st 5 min low-15...otherwise I plan to do what i wrote here.
Though havent faced such situation either in real trades or in backtests.
Rakesh
