RKKarnani in intraday all pivots are to be considered - there are no minor or major pivots as in 60 min flow. This was discussed over the weekend in one case study of Jun 4, 2008 trades wherein Saint had indicated all pivots to be considered on 30 min chart (first priority) and if no pivots are visible then go down to 20 or 15 minutes. Now unfortunately this is a very small pivot which was formed on 11:25 (before sun outage) bar on 15 min the high of this was 3699 as per my chart (which I am not able to copy and upload am not that tech savvy but will figure out a way later as till now had no need to do so). Now this high was taken out in 13:15 bar marginally by 3707. My SAR was at 3699+7=3706. So there was no hurry to move the SAR down nor was it a question of 10 paisa save. This is my situation. It is unfortunate, maybe I have over analyzed. But somehow in my quest to take out the subjectivity in reading the situation I may have committed this error. But I still do not see where. The eye says a pivot was formed on 15 but not on 20 and 30. In intraday, we do take position opposite of 60 min flow so that consideration was not there when I brought down the SAR. Saint has said something about volumes while looking at the pivots guess that is at a higher level of skill, which I have not reached yet. Request Saint to guide us here as many of us made this move error or not, remains to be examined and analysed. Thanks for responding to my post.
Bee
