What is a Short Skirt Setup?
A SHORT SKIRT trade is a very quick scalp off the 1-minute chart in the SPs. A setup will occur after the SP has made a sharp “impulse” move. The setup pattern most often looks like a continuation flag, following this sharp initial thrust. It is called a “Short Skirt” because the trade usually lasts between 3 10 minutes. The concept is quick in and out without getting caught. We can point out ahead of time when a Short Skirt setup will occur. However, you will be most profitable if you can start to train your eye to see these patterns as they occur. You will then do best if you decide to enter them on your own instead of waiting for us to say we are taking the trade. Sometimes the window of entry can be quite small, and if you wait until we say we have entered the position, the entry window might have passed. Know how much of a delay there is in your own data feed. Some feeds can get a bit backed up in the first half-hour. We try to look for Short Skirt setups that have the potential f
