- Joined
- Jul 20, 2007
- Messages
- 247
- Likes
- 161
We will wait for 9:30 bar to close before putting orders.
3. If 9:30 bar closes anywhere between our long and short entry we will put order as per following rules.
i) If 1st 15 min bar is bullish we will put long order at 9:30 and short orders after completion of 9:45 bar. Vice versa if 1st 15 min bar is bearish (filter of 0.2 points here).
1.As per this above explanation, the 930 bar closed at 5331, which is between our long and short entry.
2.1st 15 min bar is bullish so we will put short order after completion of 9:45 bar. The close of 945 bar is 5332. So we place the short order below 5229 now.
Am i right?? I guess this explanation would be useful for new comers as well since it is a practical example. Please confirm.
Cheers,
3. If 9:30 bar closes anywhere between our long and short entry we will put order as per following rules.
i) If 1st 15 min bar is bullish we will put long order at 9:30 and short orders after completion of 9:45 bar. Vice versa if 1st 15 min bar is bearish (filter of 0.2 points here).
1.As per this above explanation, the 930 bar closed at 5331, which is between our long and short entry.
2.1st 15 min bar is bullish so we will put short order after completion of 9:45 bar. The close of 945 bar is 5332. So we place the short order below 5229 now.
Am i right?? I guess this explanation would be useful for new comers as well since it is a practical example. Please confirm.
Cheers,
