Pattern 1: The 15-minute Opening Range Scalp (15ORS pattern)
This is my all-time favorite method- it’s easy to do, need no more than telephone or Internet access to a broker, and is very reliable. It differs from the usual notions of opening range breakouts in that profits are taken so quickly that the trade lasts no more than 1 minute.

• Setup: Wait for the first 15miute range to form from the open.
• Entry: Enter on a buy stop 2 tics above the high of the first 15min range or Enter on a sell stop 2 ticks below the low of the first 15 min range
• Profit exit: Close out positions on an immediate 1-point profit
• Stop Loss: Exit for loss on a 1 point loss from entry or,
• Exit if trade is open for more then one minute.
• Re-entry: On being stopped out, look for the usual breakout in the opposite end of the opening range. In this case I normally double my stop entry size and wait. Same exit rules apply.

Pattern 2: The 10 o’clock jiggle (10OJ pattern)
As mentioned in the last few issues, 10 o’clock New York time provides sample opportunity for the market to reverse its current intraday trend from the open.

• Setup: Wait for the market to make to 15-minute bar closes from the open. If the market is near the intraday high for the 1st 30 minutes of trading, be prepared to go short. If the market is near an intraday low for the same time period, then be prepared to go long.
• Entry: For sell setups: Enter on sell stop 1 tick from low of the last 15 min bar.
  For buy setups: Enter in buy stop 1 tick from high of the last 15-minute bars
• Profit exit: Close out positions on 1.5 point profit
• Stop Loss: Close out on 1 point loss or if trade takes more than 1 minute. Cancel all stop entry orders (if not hit) after 10.30 has passed. No re-entry rules here.

Pattern 3: The 3 o’clock jiggle (3OJ pattern)
Due to the US bond market close around 3 pm New York, there is a reversal tendency similar to the 10 o’clock jiggle.

• Buy setups: Place entry buy stops if the move 30 minutes prior to 3 pm has been down
• Sell Setups: Place entry sell stops if the move 30 minutes prior to3pm has been up
• Entry, Exit & stop losses: same as the 10 o’clock jiggle Cancel all entry stop orders (if not hit) after 3.30 has passed. No re-entry rules here