Late in the day breakouts
Setup, Entry and Exit Guidelines
8 – 10 bar base or consolidation in a tight range
In the upper 1/3 of the preceding bullish move
Above the 20MA on intra-day charts
No significant resistance/congestion to the left
Up on the day, and over the prior bar’s close
Breakout over resistance, on Vol., after 2:00 PM
Buy over resistance, with stop under base
Cover ½ under reversal bar; other ½ far from 20MA, or congestion.
Late in the day breakdowns
Setup, Entry and Exit Guidelines
8 – 10 bar base or consolidation in a tight range
At the lower 1/3 of the preceding bearish move
Below the 20MA on the intra-day charts
No significant support/congestion to the left
Down on the day, and under yesterday’s close
Breakdown under support, on Vol., after 2:00 PM
Short under support, with stop over base
Cover ½ over reversal bar; other ½ far from 20MA, or congestion
