Trading is as simple as 1-2-3

1. New Daily High - Yes go to 2
2. Did this bar test the High of the last bar - yes for 2 mins
3. Has price returned to the open of the current bar? - yes - take the trade short

Point 2 is something I've been wondering about - in your view is the test only that it has gone higher from open to high, regardless of how long that took? i.e. it could be seconds?

1. New Daily Low - Yes go to 2
2. Did this bar test the Low of the last bar - yes for seconds
3. Has price returned to the open of the current bar? - yes - take the trade long

Attached Image (click to enlarge)