Three Session Setups (HOD / LOD)

Similar to Three Day Setups, there may be just one opportunity in the day within a trading session for a scalpable "three session setup."

What's meant by that is that perhaps the only BTS of the day may be a smaller-range trade setup for a particular session. It may be a "pump and dump" of the London-New York session going up three levels (3 × 25 pips = 75 pip box) for a 50 pip Asia session short trade.

I can settle for taking this trade with less risk than a Three Day Setup. The trade is high probability and high conviction, but a trade I'll consider a session trade rather than a sizable trade setup that has the potential to go perhaps 150 pips or more.

These Three Session Setups typically are Pump and Dump or Dump and Pump scenarios:

·Pump, consolidation, dump
·Dump, consolidation, pump