Agreed on the above.......now have a look at the 15/20min charts,what you are looking for is a clear cut pivot.In this case,a tail on the 15 and the clear pivot on the 20.
Bring your stops down to the high of that pivot + room.
Saint,
Thanks for taking time out to advice me. In Trade Tiger of Sharekha we have only 1,3,5.10,15.30,60 min TF available in the lower end. I cannot ever see 20 min TF at all, have to do with what I have!!!
Saint,
Thanks for taking time out to advice me. In Trade Tiger of Sharekha we have only 1,3,5.10,15.30,60 min TF available in the lower end. I cannot ever see 20 min TF at all, have to do with what I have!!!
Nothing wrong at all in your chart, it indeed is a teenie-weenie Pivot!!!
High of 11.15 AM bar in 15 TF is 3696.55 and The high of the candle (11.30 AM) considered as Pivot is 3699. All Candles preceding 11.15 have much higher highs!!!!
Maybe a few friends here have used the 4 continuous bar funda to go long above the previous 2 bars high!!!
Await your clarification on it!!!
Okay Saint,
So we trade the 30min ALL the way
we get 4 bars in our direction and we use 2 bar stop.
Before we use 2 bar stop we check 15/20min for a pivot, pivots have priority over 2 bar.
other than this where else do we use the 15/20min? If today the pivot was a very clear cut one and 4 bars in a row wouldn't have occured would you have reversed Saint?
Agreed on the above.......now have a look at the 15/20min charts,what you are looking for is a clear cut pivot.In this case,a tail on the 15 and the clear pivot on the 20.
Bring your stops down to the high of that pivot + room.