Buy the Dips; Sell the Rallies - how to make 50% profit from one trade

Every day, in our Skype group, we look to buy the dips and sell the rallies; i.e. we look to identify the end of corrective moves, to get in early on the next impulsive move.  It's a simple tried-and-tested approach that makes for the big Rs trades.

Last night saw the most perfect example on the DOW 1 minute chart. Sadly for me, it happened after my trading day had finished, but what a gem of a trade it would have been - an easy 50R+..  That would double your account in just a few hours, with 2% risk.

Using eWH and the ABC123 indies, DOW showed a golden zone correction for a perfect P5 setup, along with a double top and ABC FE62 correction  back to prior support: plenty of confluence to place a short trade with a tight stop - a very low point risk trade.  The rest speaks for itself..  

Trading really doesn't have to be complicated.  I just need to finish the work on the EA that trades these setups for when I'm away from the trading desk.