Channel Intraday Breakouts

...continued from yesterday...

Intra-day breakout. You enter a new position the moment price crosses a specific trigger number. In the given example, the intra-day breakout would involve an order to buy at 1200 plus the smallest price increment above 1200.

Intra-day breakout past cushion. You enter a new position the moment price crosses a certain distance past the upper range of the channel. In the given example, the intra-day breakout past cushion would involve an order to buy at some arbitrary amount past the 1200 price instead of the smallest price increment. So instead of buying at 1200.25 stop, you could set the arbitrary cushion at 2 points and buy at 1202.25 stop.

...cont'd tomorrow...

Copyright 2007 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
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