Sunday, February 13, 2005

30 min breakout system

Trades will be taken using the first 30 min range.

Decision will be to
  1. Go with the breakout out of the range
  2. Counter the breakout

Criteria for entry into trades
  • Yesterday's last 90 mins of trade, whether it is consolidating or strong move into close
  • The position of the 15 min, 30 min, 60 min 20 period ema
  • The width of the first 30 min bar
  • A Woodiescciclub pattern

NQ daily chart

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