Ant, thank you for the excellent data. Very helpful for MP traders as I also tend to be super aggressive in the first 60 minutes. As a matter of fact, I hardly ever trade past the initial 60 minutes of trading. This is where the most opportunities exist in my opinion.
I have a few questions regarding your exit points and range estimation. You mentioned you look to establish a position in the initial 60 minutes of trading. Do you tend to keep these positions throughout the doldrums and into the afternoon session? I am usually in and out of all my positions by 10:45am eastern. In
Mind Over Markets, Dalton describes some techniques to measure the range after a potential high or low is established. I didn't accept this into my trading because it did not make much sense to me. Have often have you found this range estimation to work?
This range estimation technique interests me because I tend to make multiple trades scaling out for 20-30 pts at a time. If I can apply this techinique into my trading, I may be able to hold on to a partial of my position longer. The only problem is... I have learned about various range estimation techniques but none of them seemed to be valid. It just never made any sense to me how one can predict the range for the day.