Now, when do we take Short position? There is a Decline (not downtrend) on 30 min charts....so break of last PHigh shd be used for entering long position.
But now we short when....on break of PLow on 30 min..which was yesterdays low? Or....if the next upmove on 30 min fails to take out PHigh on 30...and instead breaks the higher PLow it just made (this shd be it I suppose)?
As you said JAmit...lot of cobwebs will emerge and get cleaned as we move ahead..... Truly appreciate your efforts in starting this thread....let me know if I can be of any help.
Thanks,
Rakesh