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I trust you are making good use of the daily charts.

Take a look at any 1-minute intraday chart of the Dow Jones or YM futures with the Williams %R oscillator added and I doubt that you will find one where the market has not retraced and the Williams %R has not reached both ends of its scale, I have never seen such a day in the last 5 years.

The markets do not move in a straight line, if they did we would just buy and hold then take what profits we required sometime in the future, and everyone would make easy money.

Market movements are full of reversals and retracements and it is simply these reversals that we trade.

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In the very short-term (1-minute charts) market movements have very little to do with valuations or the economic outlook. This is particularly evident during the first hour of the open.

I have heard this period called amateur hour, this is because the market is taken up and down trying to shake the inexperienced out of the market making them panic sell/buy.

This inevitably leads to reversals, which is great for our method.

We simply let the market make its initial move/trend, up or down and look for a reversal.

A “vee top” of the ADX will tell you when the trend is over and we then trade between the top and bottom 20% of the Williams range.

In a recent example the initial move was up, the market and Williams %R reversed and seconds later so did the black ADX line for confirmation.

There was a move of about 40 points but if you get just half on average over the long term you will be doing OK. So taking just half the move = 20pts x $20 = $400 for about 20 minutes work.

This first move of the day has the highest win%, over 90%, which is why we can guarantee 75% winners. You can make additional trades throughout the day but with a slightly lower win rate.

On the 20th may for example I placed 12 trades, all were winners, this is not uncommon.

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We do not take much notice of the overnight trading, as the volume is usually much lower. It is important that you set the charts start and end times as in the book otherwise you will get different indicator readings.

Note: If you use different charts you may get different readings and results, if your computer clock is out this will also alter your charts. It is advisable to use the recommended packages.

Make the right choice; choose the winning system used by 60MinuteTrader to achieve near on 100% success rate, day in and day out.

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Thanks for your time and profitable investing..

Chris Kobewka http://www.60minutetrader.com