On friday mornings its usual that there is no 30 min setup so trading 3 min setups is also fine:
++10_19_2012.jpg)
The Method to sell short on an inside gap (with at least 20 ticks to prior close) and to go long above prior days high on 9.30 am and 10 am does work even better when taking into account trendline break on the 24 hour chart:
+_+NQ+12-12+(3+Min)+_+NQ+12-12+(5+Min)+_+NQ+12-12+(180+Seconds)++05_10_2012.jpg)
+_+NQ+12-12+(3+Min)+_+NQ+12-12+(5+Min)+_+NQ+12-12+(180+Seconds)++08_10_2012.jpg)
+_+NQ+12-12+(3+Min)+_+NQ+12-12+(5+Min)+_+NQ+12-12+(180+Seconds)++11_10_2012.jpg)
About re-entries: The earlier a re-entry is possible the better as the risk is in most cases the same but the potential rewards gets lower and lower the further the trend is developed:
++24_10_2012.jpg)
Its more profitable to make re-entries on trendline continuation area than on new trendline break areas:
++24_10_2012.jpg)
a "safe" re-entry or new trend starts at a decision point area, however there are also other important levels from which prices start new trends. so in order to trade any long trend trendlinebreaks above 50% line or short trades below the 50% line can be entered:
+_+FGBL+12-12+(3+Min)+_+FGBL+12-12+(5+Min)++24_10_2012.jpg)
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