August 18, '04. ..the Measured Move...
One of the least understood and under-utilized daytrade patterns in the index futures contracts is the MidDay Channel. Conveniently written off from consideration the amorphous form of the midday doldrums, this pattern is packed with an equal move in the original trend direction if you know how it's proscribed and triggered. Measuring half way between the day's high and low, the MidDay Channel can often provide a second chance at capturing a piece of the day's original trend missed by the speed of the earlier move. To learn its elements and to recognize its format, come study the intraday swing trading course Pivots, Patterns and Self Recognition.