It’s Friday, 11:24 AM, and we’re diving into live market action using TradingView. Today, I’ll show you a powerful trading method with our Blueprint software, part of our all-inclusive program. This guide will explain the signals, how the method works, and give you a comprehensive understanding.
When you view the E-mini S&P chart, you’ll notice the market’s fluctuations. Our Blueprint software highlights these movements with shaded areas, signaling potential support and resistance levels. These green or red shaded boxes help identify key ranges where the market might react.
This morning, around 10:00 AM, a shaded box formed, and we observed the market’s reaction. After three candles closed outside this box, a short signal was generated because the distance multiplier was within the acceptable range. This strategic entry ensures you’re part of the early move, maximizing profit potential.
Adjusting the distance multiplier and the number of consecutive candles required for a signal can refine your entries:
As the trade progresses, monitor the Average True Range (ATR) to set realistic profit targets. In our example, with an ATR of about three points, aiming for a two-point profit can be a prudent strategy, balancing risk and reward.
If you have any questions or want to learn more about trading with price action, visit daytradetowin.com. Get a free member account, download free software, and immerse yourself in our comprehensive training resources. Our proprietary tools and live training room are designed to equip you with the skills needed to succeed in the markets.
Trading with price action using the Blueprint software offers a clear, objective approach to navigating market movements. By focusing on key support and resistance zones and confirming entries with consecutive candle closes, you can make informed trading decisions.
Until next time, good trading!
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