Mon Jun 6 2022 Trade Signals and Journal

20220606

Short 3 MNQ 12728.25, 12728.25, 12728.25, -5.25, -5.25, -5.25,

Short 3 MNQ 12741.0, 12741.0, 12741.0, -5.25, -5.25, -5.25, 

Short 3 MNQ 12759.5, 12759.5, 12759.5, -5.25, -5.25, -5.25, 

Short 3 MNQ 12779.0, 12779.0, 12779.0, -5.25, -5.25, -5.25, 

Short 3 MNQ 12792.75, 12792.75, 12792.75, -5.25, -5.25, -5.25, 

Short 3 MNQ 12808.5, 12808.5, 12808.5,+55.25, +55.25, +55.25, 

Short 3 MNQ  12763.5, 12763.5, 12763.5, +55.25, +55.25, +55.25, 

 

Total MNQ +252.75

 

A Pre-breakout Pause Pattern is old school, and can work with both Trend Line Analysis as well as the Serial Sequent Fractal Algorithm.    The set up occurs in the lower time frame, after or within a pattern of consolidation.  It's final 'tell' is usually a pair or three reversal bars that are subsequently broken as the proverbial 'last straw'.   See below...

I now have as default to my OCO targets in MNQ, a 55.25 point target.   It's frustrating when a trades comes close to this, reverses, and then takes away my paper profits not having been filled.   But even more stirring, are occasions when the +55 points is only a fraction of the total ensuing excursion..     

You can read about the Pre-Break Pause in the book Pivots, Patterns and Intraday Swing Trades online, or on the website.