Steve, thanks very much for your comments on standing aside at the opening unless there is a clean pattern with a tight consolidation -- Do you apply that rule to gaps (assuming they aren't too large) as far as entering a trade right after the open?

    Here's a nice setup I found this morning on the 5 minute chart on IWM. It seems like it fits your criteria for a trade that you can take as soon as the trend line is broken….

    Here's the chart

     

    puma..that was a very objective

    Posted by steve on 17th of Sep 2014 at 03:43 pm

    puma..that was a very objective intraday trade setup on IWM.  Nice consolidation preceding the move. 

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