1. NEVER TRADE A BREAKOUT ON NEWS.
2. WAIT FOR AN IMPULSE CANDLE
3.NO MATTER HOW FAR THE MARKET WILL GO - REMEMBER, WHILE WORRYING ABOUT HOW MUCH YOU DIDN'T MADE - YOU'RE NOT WORRYING ABOUT HOW MUCH YOU'VE LOST!!!
4. WAIT FOR A SHORT TERM CORRECTION, USUALLY 3-5 MINUTES - enter after the 3rd - 4th minute close.
5. ENTER ON A CANDLE WITH A SHORT BODY OR INSIDE/OUTSIDE BAR.
6. 1st TARGET IS A NEWLY FORMED EXTREME
7. STOP LOSS IS A FRESHLY MADE EXTREME IN OPPOSITE DIRECTION IN CASE IF YOU'RE ABLE TO CATCH THE MOVES CLOSE ENOUGH, OTHERWISE IT DEPENDS ON SITUATION
IF YOU WILL HAVE A LOOSING TRADE WITH THIS APPROACH, BELIEVE ME, IT'S MUCH LESS THEN BEING WHIPSAWED
study this phenomenon on the history and ask me anything.
Sincerely