Going with the Intraday Mini-Flow!!

[ThE HaMmEr]

i guess it is becoz we have 4 strong bars downwards on 20....so we lower the sl to high of 2 bars back i.e. 3921.90 + 7 = 3928.90 .........



correct me if i am wrong.......

 

[rakeshluthra430]

i guess it is becoz we have 4 strong bars downwards on 20....so we lower the sl to high of 2 bars back i.e. 3921.90 + 7 = 3928.90 .........



correct me if i am wrong.......

No...the 4 bar rule is only to be used on 30min bars...

 

[Prabhjeet]

Let's wait for this bar on the 30 to complete,Prabhjeet.

Saint

Saint but yesterday itself we had discussed that we only need 4 consecutive bars with lower lows for 2 bar method SAR to be applicable, then why wait for the bar to complete

Everyone plz. keep your SAR at 3952 until Saint clarifies

 

[ThE HaMmEr]

No...the 4 bar rule is only to be used on 30min bars...

okk......that was my question friend .....


so u assumed that we had a new low on 11:30 bar on 30.......and moved sl to 3928.90... rite???

 

[Prabhjeet]

I think Rakesh we consider 1st 5 min bar as 30 min. bar also

 

[ThE HaMmEr]

Saint but yesterday itself we had discussed that we only need 4 consecutive bars with lower lows for 2 bar method SAR to be applicable, then why wait for the bar to complete

Everyone plz. keep your SAR at 3952 until Saint clarifies

my 20 cents.....

we shud have 4 strong bars..........

we will have to wait and see if this bar is strong enough.......we may have a high higher than previous bar i.e 3890.......then we will not count it as a strong bar.......

trailing stops using pivots are more important.....we will not use 2 bar method until a strong move..........

priority is with pivot stoplosses...

i will delete this post if i am wrong........

wait for saint sir to clarify....

 

[rakeshluthra430]

I think Rakesh we consider 1st 5 min bar as 30 min. bar also

Yes, thats obvious...so we have 3 complete bars on 30 min....ending at 10..10:30...11. And the current is the 4th bar, finishing at 11:30.

Anyways..point understood now.

Thanks a lot.

 

[Saint]

Saint but yesterday itself we had discussed that we only need 4 consecutive bars with lower lows for 2 bar method SAR to be applicable, then why wait for the bar to complete

Everyone plz. keep your SAR at 3952 until Saint clarifies

In an up move,look at the lows,.......in a down move,look at the highs....

Saint

 

[Prabhjeet]

my 20 cents.....

we shud have 4 strong bars..........

we will have to wait and see if this bar is strong enough.......we may have a high higher than previous bar i.e 3890.......then we will not count it as a strong bar.......

trailing stops using pivots are more important.....we will not use 2 bar method until a strong move..........

priority is with pivot stoplosses...

i will delete this post if i am wrong........

wait for saint sir to clarify....

Thats the kind of attitude needed to be a winner Neeraj

Best of luck

 

[Saint]

.....and to confidently trigger the reversal,this 4th candle should also have been bearish.Which so far it doesn't look like it.

Stops where they are.......we need something more from some timeframe to do anything about the way things stand.

Saint