- markets open gapup
- but first bar closes near low meaning selling at higher levels
- so until the high of first bar is taken out, no point in going long
- if one is long from yesterday, then trailing SL is 5 or 10 bar low
- both these go hit today
- now cannot go long, till 20 bar swing indicator gives a buy
- even then, this can whipsaw
- option data shows increasing OI at 10700 CE
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivLYgqa13hPvkEvF1xSC5WjIU22gzlwUVNjbeM1SPHLWBGMHYDt0EDwB0c8auqVwOVbgRBzCL47Qqx_WGqobwRMUj7Tu283A_v9j6t1isnFrYC2Hkx6f9Vw_oleaval1JYHxfKlu5s1JcV/s640/a.png)
5 bar SL hit ... the 10 bar got hit at the previous big red bar
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi4v_5uN2m49gFpx1_wBTywJPnnhnaZdLWW6zdmI_YbfS2LhPdlOc-hLBV6-tv6csFBeOMHRlEzC1NS8LdvGOIgo-e15eUWhHQhzXzjOHUkfcI8TVstS0JxLtDphXGeLL4Wc7fgC_fSMd0n/s640/a.png)
- but first bar closes near low meaning selling at higher levels
- so until the high of first bar is taken out, no point in going long
- if one is long from yesterday, then trailing SL is 5 or 10 bar low
- both these go hit today
- now cannot go long, till 20 bar swing indicator gives a buy
- even then, this can whipsaw
- option data shows increasing OI at 10700 CE
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivLYgqa13hPvkEvF1xSC5WjIU22gzlwUVNjbeM1SPHLWBGMHYDt0EDwB0c8auqVwOVbgRBzCL47Qqx_WGqobwRMUj7Tu283A_v9j6t1isnFrYC2Hkx6f9Vw_oleaval1JYHxfKlu5s1JcV/s640/a.png)
5 bar SL hit ... the 10 bar got hit at the previous big red bar
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi4v_5uN2m49gFpx1_wBTywJPnnhnaZdLWW6zdmI_YbfS2LhPdlOc-hLBV6-tv6csFBeOMHRlEzC1NS8LdvGOIgo-e15eUWhHQhzXzjOHUkfcI8TVstS0JxLtDphXGeLL4Wc7fgC_fSMd0n/s640/a.png)
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