On sideways day what can you make 5 points or 8 points in a trade ? P-1 bar method is a entry method in a trended market. If you use it for scalping or in sideways market, RR wont be favourable.
Just sharing. I find it a good trade when I miss a swing trade
lets say I missed a long. The market gaps up next day and starts running. That time I found it good for intraday very small SL .
In this scenario I avoid getting in swing too late after SLs hit .
On sideways day what can you make 5 points or 8 points in a trade ? P-1 bar method is a entry method in a trended market. If you use it for scalping or in sideways market, RR wont be favourable.
I have observed that big moves are associated with strong buying from FIIs...so I need to see net strong positive figure from them.
Earlier I used to track their net buy/sell on each day, cumulative for 30 days and average for 30days....not tracking it in so much details these days.