20050620 First 30 min breakout trade

20 ema 15 min=1548 30 min=1548 60 min=1546
Last 1.5 hours trade w consolidation.

Trade breakout if the first 30 min range (9:30 to 10 am EST) breakut above high above ma or sell low if breaks low below ma. First 30 min range should be 6 to 10 NQ pts. If greter than 10 NQ pts, pass on the trade. Target is 1.5 to 2 times the first 30 min range.

NQ daily chart