It’s Friday at 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.

Understanding the Blueprint Software

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.

How It Works

1. Identifying Shaded Areas: The shaded areas on the chart represent zones of potential support or resistance. These zones mark the boundaries within which the market might pivot.
2. Trading Signals: To decide on a trade, we look for two or more consecutive candles closing either above or below these shaded areas. This confirmation helps avoid false breakouts.
3. Back-End Settings: The Blueprint software offers settings that enhance trade clarity and objectivity. The maximum multiplier setting determines the acceptable distance for entering trades. A multiplier of 1.5 times or less ensures you’re entering close to the breakout point, avoiding late entries.

Live Trade Example

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.

Fine-Tuning Your Entries

Adjusting the distance multiplier and the number of consecutive candles required for a signal can refine your entries:

• Two Consecutive Candles: Preferred for avoiding false breakouts.
• One Candle: For earlier entries, though riskier.
• Three Candles: For more confirmation but potentially later entries.

Monitoring the Trade

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.

Join Our Community

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.

Conclusion

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!