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General Rules for Trading Patterns:

End of day (EOD) patterns are considered a breakout (BO) when price closes above the trendline. Usually by then it is often too late to buy. Therefore, it is (most often) best to buy the breakout on an intraday (ID) basis when price breaks the respective trendlines. It is riskier to buy before price breaks at the trendlines, but often more rewarding. The most important thing is to do the best job we can using strategic stops. It is often a good idea to take profits just ahead of targets.

30 Minute Trading Rule:
In order to prevent whipsaws, we use a 30 minute trading rule. This means that, as a general rule, we are going to "sit on our hands" during the first 30 minutes of trading. Additionally, if after the first 30 minutes of trading the range of the stock pick is within the stop and buy/short boundaries presented, the trade recommendation is valid. If the stock's range is outside of the buy/short and stop boundry, the trade recommendation is VOID.

For example: if the recommendation is "Buy a print of 10.25, with a stop of 9.95," and the stop trades up to 10.50 during the first 30 minutes, we would pass on the trade. Similarly, if that stock were to trade down to 9.90 before 10:00, the trade would also be void.

There is no 30mn rule on limit orders, but if price gaps out of the buy/stop range the trade is void.

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