To shift to 4 bar we need 4 CONSECUTIVE LL and LH.
The keyword here is New lows when in short and new highs when long, as soon as new high/lows are made shift the SL,
we dont care about the closing.
Now we don't want arguments of new lows over a few paisa, make sure its a couple of rupees and most importantly evident on the chart.
So when do we look for bars to close to shoft SL? Well, in Pivot setups ofcourse, if we are trying to shift our SL on a lower timeframe we want those bars to close so we are sure that we have a pivot. Always keep things simple..
Regards,
MJ-
