YM Futures XTL Breakout Strategy

Last week in foundation, we talked about how the XTL Breakout Trade is designed to help capture Wave 3 in its earliest stages. This morning, we were presented with an opportunity to take advantage of such a move. This is the XTL Breakout Trade that appeared in the Dow Jones e-Mini futures on the three minute chart. Take note of the wave count as this move developed. The red levels mark the entry and stop for this trade.

(Left-click the image to open a full view of the chart)

~Duane Gott