26/9/16:
NF 15 Min chart:
NF 5 min chart:
Now how to trade this?
Priced opened Gap down.
Using 2MA method: 15 min chart, price gap down from opening & below the 2 EMA lines.
Now go to 5 min chart:
First bar Red bar. In second bar u can go short, at low of first bar.
But if ur using 5 point filter, the trade would have not taken.
So short below first bar low- 5 point is pending order.
at C, a mPH formed.
shorted at bar D, SL at point C.
At F, first ADD, SL moved to point G.
at low of F, in the bar I, second ADD, SL moved to H after add taking.
at low of J, third ADD, taken at point L, SL moved to K.
Exit at EOD.