As you can see on the chart the 'A' up trade signal has been given but has drifted the last few hours. The only way to prudently get long at this point would be to buy on a close above the key resistance of the 3 Day Rolling Pivot Range (RPR) as shown on the chart.
Once the price pushes higher bring the stop loss up to the Daily Pivot Range low.
This is a good...
The bias remains to the upside for the short term with the price
trading above the Daily Pivot Range (blue dots), therefore this level
is key support.
With this bias to the upside our ‘A’ up value line is our first entry
point for the day.
The 14 Day Pivot Moving Average (red) is turning up, and crossing the
30 Day Pivot Moving Average (yellow) and this is...
This is another classic 'A' up trade with the price action rule to trade above the 'A' value line (green line) for half the Opening Range (white dots) time to validate a long signal. Yes we are extended on the upside but the signal is setting up clearly. All other resistance is breached above the Daily Pivot range (blue dots) with the Daily Pivot Moving Averages...
This is a classic 'A' up trade. Good risk reward ratio of 3.1:1
Stop loss at 11530.51 and trail your stop once it takes off. Profit target is somewhat open at this point - uncharted territory!
Learn more at my site on how to trade this method.
The 'A' Up trade is established based on our rules.
However since we have missed this initial move up, we will look for an entry based on a continuation of the move if the price breaks out above the previous high.
Action to Take: Go Long, enter buy at market a break above the Opening Range High
Take Profit Level: TP1 130271, TP2 130512 Stop Loss Level: 129960
Additional Factors:
Timeframe: ~ 24 hours
Total Risk of Account Equity: 2% or less
Action to Take: Go Long, enter buy at market above Pivot and Opening Range high
Take Profit Level: TP1 79131, TP2 79383 Stop Loss Level: 78837
Additional Factors:
Timeframe: ~ 24 hours
Total Risk of Account Equity: 2% or less
Action to Take: Go Long, enter buy at 110418 stop
Take Profit Level: TP1 110746, TP2 111173 Stop Loss Level: 110224
Additional Factors:
Timeframe: ~ 24 hours
Total Risk of Account Equity: 2% or less
Action to Take: Go long IF price closes above Pivot high, enter buy stop entry or at market
Take Profit Level: TP1 110761, TP2 111207 Stop Loss Level: 110315
Additional Factors:
Timeframe: ~ 24 hours
Total Risk of Account Equity: 2% or less
