ALGT 1D RANGE TRADING
Buy a Daily Candle Close above the Range Top.
Watch for a Failed Range Breakout.
Use a 30m/1h time chart to watch if there is a Bearish bounce off Range Top.
Breakout Candle Must Be 100% of the Average Volume For full-size position
75% of the Average Volume For ½ size position
Stop Loss is 1.5 x ATR First Target is 1 x ATR (close ½ position 1st TP)
Watch for a Failed Range Breakout.
Use a 30m/1h time chart to watch if there is a Bearish bounce off Range Top.
Breakout Candle Must Be 100% of the Average Volume For full-size position
75% of the Average Volume For ½ size position
Stop Loss is 1.5 x ATR First Target is 1 x ATR (close ½ position 1st TP)
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