All might be wondering, when i would be giving the rules of the flow technique. From this week onwards i would furnish the rules under the label flow rules.
First and fore most is the identification of pivot highs(PH) and Pivot Lows(PL), once this is perfected nearly 60-70% of the learning would be over. This has to be mastered if we have to master the flow.

One point to be note is that there would be alternation between Pivot highs and lows. Pivot high would follow pivot low and and vice versa. But there would be now two consecutive PHs or PLs 

Rules for identification of Pivots High

1. When the subsequent bar moves below the low of the previous bar - then we have to identify the pivot high.
2. Pivot High(PH) would be the highest point after the pivot low. 

Rules for identification of Pivots Lows

1. When the subsequent bar moves above the high of the previous bar - then we have to identify the pivot Low.
2. Pivot Low (PL) would be the lowest point after the pivot low. 

i have explained the same in the chart below.

for clarification of same you can post in comments which i would reply.

M.Mahiidar
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