The Bread & Butter trade is a DiNapoli pattern (B&B). It is a high probability trade with lower risk.
The objective is to take advantage of a thrust, and capture a small piece of the continuation move.
Not how the market reached the profit objective and immediately reversed after the trade was exited!

Here is a transcript of our chat room as the trade evolved..

Some text from today, nailed the B&B! Way-to-go team!

09:46:39 see 30 min for possible B&B long. would have to show support on lower time-frames first. just a possibility, if you find your stops being hit.
09:46:58 early to say, but still a possibility
09:53:38 * FibMaster posted SK supoprt chart on website for subscribers.
09:55:07 I will cover on cross of 5 min and 10 oscillators. happy to short rallies if we get them.
10:06:12 so close to profit stop on 5 min partial, balance on 10 min cross. 10 min still looks weak.
10:40:18 can short resistance if it comes at the right places.
10:46:38 30 & 60 min B&B
10:47:04 profit target 835
10:49:18 need to break resistance at 832.
10:50:49 or suppt at 825.50. that's the channel for now.
10:53:25 Right steve, another .618 at 825.50. SK support charts on subscriber website.
11:38:49 need ES to get out ofthis channel to make some money...
12:05:30 getting too wide for a 30-min B&B, but 60 min still valid. I'll post chart in case someone can't see the pattern. This pattern not ideal because did not support at SK (that I can see).

(Click to see chart.)

12:09:34 B&B profit objective is 835.50
12:10:18 bingo.
12:11:51 wtg guys.
12:14:06 yes and B&B is amazing.
12:14:16 other people call it a "flag".
12:14:31 but it's a specific flag.
12:15:34 here, print it out put it in your DiNapoli book: http://www.fibmarkets.com/public/030314_es_bb.gif
12:16:10 that was the picture before it completed, you make a new one showing profit objective. put into your book, transfer into your mind..
12:27:23 thanks cya all.. don't spend it all in one weekend lol. - Neal Hughes

This detail chart shows entry and exit more clearly, see support at entry.
Print this chart, it's a great example.

(Click to see chart.)

The only thing that could make it better would be SK support at the entry...
-Neal