http://img196.imageshack.us/img196/2998/afly.jpg
i have taken care and tried to plot count down as precise as possible... pls your comments are highly valuable for my understanding of the system... please also feel free to rectify my errors and notify without hesitation...
all are welcome to evaluate...
eagerly waiting...
thank you
as per the stop loss rule posted by smart traderji i found the stoploss point at 40.95
Sell count down bars marked by you are correct. I have following 2 observations.
1) After 10 countdown, we have a buy set up so the countdown process for sell countdown is to be given up.Now the prevailing set up is a buy set up.
2) Close of 13th countdown bar to be more than close of 8th countdown bar. So even if we ignore reverse set up, the 13 countdown is still not complete.
After 13 countdown bars, we have to wait for a bar in which close < open...( a black or red candle in other words) and that is the sell signal.
But your counting is correct....keep it up...
Smart_trade