Dear RR & Karthikji,
So that means, if we are going LONG in case of GAP UP (that is above the high of today's first 5 min candle) then the SL is same candle's low and if we are going SHORT in case of GAP DOWN then the SL is high of yesterday's 3.30 pm candle.
Correct?
Thanks RRji for guiding me to this thread....
So that means, if we are going LONG in case of GAP UP (that is above the high of today's first 5 min candle) then the SL is same candle's low and if we are going SHORT in case of GAP DOWN then the SL is high of yesterday's 3.30 pm candle.
Correct?
Thanks RRji for guiding me to this thread....
High/Low of that candle...means high low of 3.30pm candle. If u refer to my chart which i have posted earlier u can see the marking of red & green.