vikram, that bar started from lower side of range & broke the range of last three hours, is big bar & closes nearly at its higher end . so i take it as a brakeout bar & as i take it as brakeout bar so i trail my stop to its low after it completed...
vikram, that bar started from lower side of range & broke the range of last three hours, is big bar & closes nearly at its higher end . so i take it as a brakeout bar & as i take it as brakeout bar so i trail my stop to its low after it completed...
The 1pm bar is breakout bar since it broke the pivot of 2853(10.30am high). Now as breakout of pivots is an important aspect of our trading, so is breakout failure. If during the course of trading the low of this breakout bar is taken out, that means that the breakout has been negated, and we reverse the trade (of course filters too play a part here). Breakout failures are as integral to this method as breakouts.