JR, this method is great, but don't you think you are being a little harsh on the range-bound thread? What is wrong with having another tool up your sleeve? I found the range method quite simple and logical and have already used it to pull $100 out of a contract today, when it became clear that we are facing another crap day for the time being. I very much prefer your method, but I want to be able to get by in all conditions.
Edit to add: Make that two trades worth $100
Edit again: One more trade for an $80 loss, finishing my morning session up around $200, the ideal result of a good breakout trade.
Edit to add: Make that two trades worth $100
Edit again: One more trade for an $80 loss, finishing my morning session up around $200, the ideal result of a good breakout trade.