I made a signal long ago called "yoyo", a toy that spins and goes down and comes back, similar to playing fetch with a dog. So when volatility is high and Pro's want to add more losses to under capitalized and under knowledged, a breakout on five minute bar happens to suck in the weak then fast other way to trigger stop losses then Pro's push market in direction of original breakout. So the signal is to wait till protective stops triggered and then place order where first breakout was. I remember long ago swearing I was stopped out and watched price going in original direction the first trade entered and it goes huge points. YoYo lol
Someone who posted on YouTube made a strategy based on a similar idea. He calls it a "swing breakout sequence" (aka SBS Strategy). Goes by the moniker of Stoic Trader. Video is "The Only Trade You Will Ever Need". Disclaimer: Not my thing. Not into complex patterns. I rely mainly on low risk (avg reward to risk around 0.80:1.0) high frequency of opportunities and high avg wining pct (65%-75%) usually off of a 15 sec NQ. Caveat though is when there's very high volatility like now, look for an avg price entry and ADD when trend is obvious. Note though when going for an avg price entry, you still wind up with shorter term scalping stats UNLESS you add to the strong trends lasting for 30 min to 3 hours. Long term statistics in intraday e-mini futures trading are not necessarily what happens in day-to-day trading. This should be a big DUH! to those not focusing on hard stops and targets. So the above doesn't mean every trade has a target ratio of 1x loss to make 0.80x gain. The truth in trading a net WINNING system is this: the higher frequency of trades begets higher win rates and lower net gains per trade. DON'T go more upside-down than risking 2x to make 1x gain. Yes, you can avg 80% winners but open up a much higher possibility of a large drawdown. To generalize from my experiences, the long-term sweetspot avg is around 70% winners whereas far less trades with 1.5x+ avg winners gravitate to the 35% to 60% long-term avg win percent. If you read Brooks's first book and watch very early vids in his skills marketing campaign, you see that he was advocating a 2x risk to 1x reward, needing 70%+ to "make it". His "room" failed miserably as this demands a super high skill set, technically and emotionally, to master. Can't have that. Bad for sales. He changed his tune between the first book and book trio to advocating 2x reward to 1x risk. Much better for sales! It takes 1000's of consecutive trades to see the reality from the BS of the sporadic short-term bragging stats so common on the Internet. IMHO, lots of price action edges that don't "go away". Real-time trading reveals all the possibilities of what can and cannot be done under a given volatility in the moment. Your trading skills become heightened. The static, historical chart study is more suitable for the longer terms. Ain't no "confirmation" in a 7 to 60 sec NQ trade. Your experience is your confirmation.