Chart Folder - November 20, 2003:
After 1:30 you would not trade the next high of the day breakout...but you could let it pullback and look for a point or a point or a quarter above the high and take it the next time through. You would look for a short from the last high of the day, but it's best to wait for the turn. You can short the high after 1:30 and risk only your point of entry or the high. I prefer a turn.
Trail using 2 points till you get to the next pivot or reversal time zone, then use a tight 1 point stop loss.
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