This morning, we seized some prime opportunities using our trading arsenal: the Roadmap software from Daytradetowin and the Blueprint method. If you’re new to these tools, don’t worry—I’ll walk you through what they are and how they were used to achieve a successful short trade today. Let’s dive in.
What is Blueprint?
The Blueprint software is designed to identify market consolidations and subsequent breakouts. It’s crucial to note that before any consolidation, there must be an established trend. The Blueprint method uses this principle to generate signals, which are based on the breakout from the consolidation range.
How Blueprint Signals are Generated
To generate a signal, we need to see closing candles outside of the consolidation range created by the Blueprint. I recommend setting the software to require two consecutive closing candles to confirm a breakout, as this helps avoid false breakouts. For day trading on a one-minute chart, this approach has proven effective.
Today’s Blueprint Short Trade
At around 9:57 AM, we observed a Blueprint short signal. Here’s how the method was applied:
- Identify Consolidation and Trend: The Blueprint highlighted an area of consolidation following a trend.
- Wait for Confirmation: We waited for two consecutive candles to close outside this range.
- Check Average True Range (ATR): The ATR provided insights into the potential movement distance, aiding in setting realistic targets and stops.
- Entry Point: It’s crucial to enter as close as possible to the breakout point to maximize profit potential and minimize risk.
The Road Map Integration
Alongside the Blueprint, we used the Roadmap software. This tool identifies key zones where the market is likely to move. Here’s how it complemented the Blueprint trade:
- Locate the Road Map Zone: We noted a roadmap zone labeled “Zone A Down Potential,” indicating where the market might head.
- Wait for Breakout: Before entering a short position, it was essential to see the price break through this zone to avoid a potential reversal.
- Confirm the Trade: Once the market broke through the road map zone, it confirmed the Blueprint short signal, allowing us to enter the trade confidently.
Combining Blueprint and Road Map
Today’s session perfectly exemplifies how these two methods work in tandem. The Blueprint provided the initial short signal, and the Roadmap confirmed it by breaking through its designated zone. This combination minimized risk and maximized our chances of success.
Key Takeaways
- Use Stops: Always have stop-loss orders in place to manage risk.
- Confirm Breakouts: Wait for two consecutive candles to close outside the consolidation range to confirm breakouts.
- Enter Close to Breakout: Enter as close as possible to the breakout point to maximize profit potential.
- Utilize Road Map Zones: Use the road map zones to confirm trades and avoid reversals.
Join Us for Live Trading
We cover these strategies in our live trading room daily, where you can see trades in real-time and improve your trading skills. If you’re still struggling with understanding price action, consider creating a free member account, subscribing to our YouTube channel, and joining our daily live trading sessions.
Trading is a skill that takes time to master, but with the right tools and strategies, you can increase your chances of success. Start leveraging the power of Blueprint and Roadmap software today and elevate your trading game.
