ST sir
I think i owe to post the details and the chart.
1. Pl see the 12:30 bar with low of 3592.It has no upper shadow showing intense selling pressure and a freedom to the bears to beat the index down.It also broke the 11:45 pivot. The break is of 15.50 points that is equall to my MF OF 16.
2.I did not enter short on this bar .The 12:45 bar may be seen.It has a long upper shadow.The open is below the close of the 12:30 bar.At 12:40 it broke through 3592 and I shorted it BECAUSE THE 12:30 BAR ON 30 tf AGREED WITH THE 12:45 BAR ON 15 tf.
3. The action did not yeils too good results as i had to cover it quite soon with small profit.I expected the absense of any significant upper shadow to give a decisive move. Absence of upper or lower shadows with reasonable body of the candle is a trigger that has a good ratio of success.
4. It did not work too well today.
5. Pl advise on the basis of your experiences