Playbook Setups

THREE MAIN FOCUSES:

Continuation:
- gap down, continuation to new lows
- gap up, continuation to new highs
- breaking out and continuation in the direction of breakout
- breaking down and continuation in the direction of the breakdown

Reversal:
- gap down, then reverses to uptrend (counter trend intraday move)

• strength of overall market
• intra-day tight consolidation over an extended time? Wait on buying the break of this area. Stop below consolidation
• high interest/participation/big event/huge buy of another company
• possibility of trade to hold

- gap up, then reverses (counter trend intraday move)
- continuation of an uptrend following a retracement to prior support
- continuation of a downtrend following a retracement to prior resistance

• look to scale into retracement to prior resistance by piecing into break of minor structures on 5 min. Scale into retracements by offering into the prior break of these minor structures. 
• add into break of major inflection for momentum trade
• major inflections are break of multi-day structure on longer time frames  

Range Bound:
- gap up range bound
- gap down range bound
- price at top of long term range
- price at bottom of long term range

Momentum:
- Morning breakouts
- Morning breakdowns
- General breakouts
- General breakdowns