We can point out ahead of time when a Short Skirt setup will occur. However, you will be most profitable if you can start to train your eye to see these patterns as they occur. You will then do best if you decide to enter them on your own instead of waiting for us to say we are taking the trade. Sometimes the window of entry can be quite small, and if you wait until we say we have entered the position, the entry window might have passed. Know how much of a delay there is in your own data feed.
Some feeds can get a bit backed up in the first half-hour.
We try to look for Short Skirt setups that have the potential for a minimum of three points in the trade. We put a resting STOP order 3 points from our entry price. We look to exit as the market makes a retest in the direction of the trend. The majority of the time the market will go on to make a new high or low. When it does so, we say that the Short Skirt has reached it's objective.