Re: Saint's Intraday Miniflow - live discussion
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what is the Move 1/2 Concept..once again,words to describe something as always.Move 1 happens when we get higher pivot highs and higher pivot lows,without our filters triggerring.In short we have a weak uptrend,not taking out our filters.Our MovFil meanwhile is raised bar by bar,when price declines to form a higher pivot low,the MovFil stays at its last increased price.Once newer highs are made,the MovFil is raised again bar by bar.
All through this,higher pivot highs and lows are made without our filters triggerring an entry.we call this Move 1.
When the latest pivot low is broken to the down,this is what we mean by Move 2..our entry on the short side is below the low of the previous pivot low -small filter.From that time,it is all about the small filters.
So back to our first question,is that a Move 1.3 bars,all HH and HL.Answer is:Not yet,we don't have sufficient data with us as of now.
Also,it is no more called the Move 1/2 Concept if it triggers a trade in the first place even before a full Move 1 is in effectthen,it's all as usual.Trade trigger will lead to stops with small filters anyway and then all as usual..so to say Move 1,must meet all the criteria above.
All the best!
Saint
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