amit...
that's the reason i m telling u again and again to go through the archive posts..
no problem....the most answer to yr questions lie in yr post itself....read this excerpt from the saint sir again...:
""JAN 31ST:Short at 5121,cover at 5160 +7=5167...Long at 5167,Out at 5191(Pivot on 15 and sideways on 30....cannot expect more on a day that had big move down and then a big move up and now looking to fall again)....Short at 5191,and cover at 5138 at close."
first and foremost it is clearly stated the "big move down and then big move up"
look at the range of the bar's, pal....
here we get short trigger in 2nd bar(ll,lh) itself...
3rd bar ll,lh ...nifty has already travelled 100pts approx at the low of 3rd bar and it ends as bullish bar...
4th bar ,different move,bullish bar,hh,hl...reverse in progress !! also..
"If we get a situation where we get 5 multiple bars up to 11 am on the 15min charts,.......big monster move up,WRB et al,then and then only do we kick the 2 bar method into the 15min charts"
bring the 2 bar rule in and our stop will come at 5160+7 ..i.e 2nd bar high on 30 tf
so crack of 2nd bar high + filter to long
ok y short again at 5191 ? pivot at 5204 but need support from 30tf too...next bar on 30 tf forms congestion i.e sideways...long in question...go short at prev bar (i.e low of 5198- 7=5191) ..now u can see on 15 tf ..pivot low is also taken out completely with some room.....
hope u get it...
harsh
ps: the way confidently i have explained to u ...puts a doubt in me if i would had traded the same way as done by the sir...