Mine is a little more advanced, but almost the same except for a couple key things: short on the retracement, then go long (perhaps with leverage depending on the volume) at the bottom. Sell/short on another retracement, then long. If the retrace or breakout finishes and starts to consolidate, trade and scalp within the range, and wait until you have a volume breakout or breakdown going either way. Wash, rinse, repeat. (this is the way to get the most out of your trades and TIME invested watching the markets.)