UPDATE: 1018 The 5th candle formed a hammer on the low of the first 15 min range and closed above the 50% level, long.... Had dabbled with the 30 min breakout strategy by A Zuckerman, but this current one takes the cake, have to thank traderx for inspiring this method.

20090826 0954 ET. Shorts taken on break of 3rd 5 min candle, for the quick scalp 1635.5 to 1632.5.

NQ daily chart