Entry plan for breakout trades:

Use the first few hours’ range for a breakout trade
· Pre-publications and criteria will be for a narrow range
market that has been consolidating for at least five trading
days
· Let the market breakout of its first hour’s range and look
to buy a bull flag on a one-minute chart
· Should the market trade back and test support of a high of
first hour range this would be a good time to buy
· The exit will be just under the support of the first hour
range. Shorts are reversed. Profits will be taken for more
than x points on 50% of position, and move stops up to
breakeven. Look for continuation patterns for pivots to
adjust stops and seek to exit into recent resistances or
higher timeframes’ EMAs.