anyone who had taken 2907-7 as SAR for longs???
I did that. See my post #7489
LVGandhi & my dear friend Ratan Jain,
you were plain lucky today, as the actual SAR was 2897-7
in 15min chart, we had 4 PLs one after the other:
11:15 = 2896
11:45 = 2894
12:15 = 2897
12:45 = 2908
u spotted all those pivot lows in 15min... fine
let's see our 30min chart
(BTW, 30min is the TF we are trading)
Yes. Saint has said pivots has priority in the traded time frame and then in lower tf.
we have a PL 2894 (12:00 bar)
so, now that 11:15 PL 2896 becomes irrelevant...
we have our SAR at 2894 (in both 15 & 30)...
now, let's see what happened after 12:00 till 1:00
we get our PLs in 15min chart 2897 (12:15) & 2908 (12:45)
look at the formation of 12:30, 1:00, 1:30 bars.... in 30min charts
a WRB followed by an inside bar & then a nothing bar...
which of these bars would threaten that WRB.... no one....
that WRB has to bend (low has to break) to cause a REVERSAL OF THE FLOW....
that WRB's (12:30 in 30min) low 2897 is the KEY SAR level to break to cause a reversal in flow
later in 60min chart too, the WRB (13:00)'s low = 2897 also supports our SAR...
so, the actual SAR was 2897-7
and not 2908-7
10 points was plain lucky...
take care next time, friends