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Above is 1 min ES chart. Six(6) possible trades. Reversal pattern qualified by tcp.grange or tcp.glhc zones. Ideally price should touch S/R (not close above or below) and setup a reversal pattern. More than one (1) close above or below S/R invalidates setup. This type of trading will often set you in against larger trend or right at trend reversal. Be careful you stop is always high or low of the reversal bar. Two types of entries are possible. Entry one (1) price did not close above or below S/R buy or sell next bar. Entry 2 price close once above or below S/R sell or buy when price brakes tcp.sellstop or tcp.buystop. As always second close above or below S/R invalidates setup. Profit target is next support or resistance as indicated by tcp.grange, tcp.glhc, tcp.sob, tcp.bob, (tcp.upt, tcp.dpt). Above all be patient. Do not trade during launch time. You best chance for the successful trade during fist hr. of trading 75% of the time that is where day’s high or low will be set. Left to right. Trades 1(long), 2(short), 3(short), 4(short). You will not take trade 5(long) reversal bar indicates long trade but price closed below support twice.
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