Liquid Open Ice Fade (Simplified & Modified)

AAA Liquid Open Ice Fade

Open Price Pass through Reversal. 
Price Opens and trades up or down then PASSES BACK THROUGH the Opening Price
Large gaps are great but not necessary
The Best Times is the immediate Open 6:30am.
The top 2 key points of the Defined Criteria Must be met prior to entry .

• 15m bar open ONLY-  (The Key)- Price should open and move in any direction.
• Open Price passes back through 15m Open (A MUST) - Price will usually stay within 2pts of the open before reversing to passing BACK through the Open Price. (If price moves beyond 2-2.5pts of the open prior to 1st pass then look for block bars, EOT or Obvious reversal clues before price passes back through open for confirmation, Otherwise Disregard the setup all together. IF price travels 3pts then disregard or consider the next bar open.
• Enter with PREMISE -(A MUST) You want to enter in the direction of the premise, AWAY from Support / Resistance.
• $Tick Open Above/Below 400(Optional) - The $Tick often opens at extremes and begins to turn immediately breaking the 1m open bar. This is extra confirmation only and is not a must.
• Exit 1/2  or All position off @ +1.5 - 2pt (A MUST) - Taking some profit into the rally is key to booking consistent profits. This setup pays +2pts on average but can run 5.
• When to EXIT 2nd half of position (Key) - Asses activity, looking for confirmation clues to hold or key Support / Resistance to close out. Look to Close towards the END OF THE THIS 1ST 15 MINUTE BAR.

This is the Liquid Open Ice Passthrough in Action 7.25.13

Managing Liquid Sequences  - These sequences should remain within the Defined Premise,  If we entered correctly at the Premise Extreme Wholesale level then our STOPS should be very clear, usually between 2 ticks and Max 2pts. We settle for 1-2pts profits but may extend if added confirmation is present. Good Exit Points are BB Mid Line or $Tick 0 line.
Key Points to Remember - Start with 2 lots taking half off into the rally and closing the 2nd half as confirmed.

**$Tick provided extra confirmation Openning Below -400 and breaking above this bar to test the 0 line.

Here we see price tick up on the immediate open and trade BACK Through this price continuing to move lower after gaping and closing on the low of the 15m bar.

 Again we see price ticking up immediately after the open and passing back through the open price, this time closing off the lows but breaking those lows on the next 15m bar. The key to hold past the 1st bar would be the END of Trend signal at the highs.