here is few lines of saint sir in his new site...
Bar 1 high is 4312, bar2 high is 4320, bar3 high is 4330, bar4 high is 4337...meaning we look on and not enter the trade.What we are looking is a breakour bar, and not a sad excuse of bar, with some tails.
Once that first bar is formed, we are basically looking ti buy rs 14 over the high of that bar and short 14 below the low of that bar.Once the entry is triggered, presuming a long has been triggered, stoploss is rs7 below the low of that bar.But only on trigger.