The Simplest Trading Strategy for Beginners: The 3 Rules Setup (3)

How I Scalped 112 Points on the Dow Jones

Just like every trading session, I keep a close eye on my 3 Rules Setup: confirmation through volume, a clear wick at the pivots on the 30-minute chart. The key levels I was watching are 45,281, 45,235, and 45,183.

Entry: Strong bounce at first pivot with volume (45,277). Placed a limit order at this level.
Initial Target: 45,396

Adjusted Target: 45,389 (after strong rejection at this level)

Order filled on pullback at 45,278.
Price pushed straight to target and even broke through my initial target but I stuck to the plan and secured profits at 45,390.

This is exactly why I stick to my 3 Rules Setup — it keeps trading simple, stress-free, and repeatable. For me, consistency beats complexity every time.