My System - My trades.

manish9300

Well-Known Member
I havn't given an explanation for day high low afl so here it goes.BNF 1min 28aug17 chart.

Look at day's high low color dots.It was red first and then it is green.So chance of a clean downtrend day is negated.Now there is a chance of reversal uptrend day.Any deep correction now will indicate that we are going to get a ranged/choppy day.Third reversal of colour in a day high low afl is not common and it rarely leads to a strong BO trend day type price action.
However this logic fails when there is a very choppy first 15 -30min.

Chances for atleast one color change is 55% on 5min chart and 30% on hourly chart ( last time i checked this was in Feb17).These numbers get influenced by what is happening in weekly monthly charts.So beware.
 

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