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Today we take a look SPY on the 5 minute chart. After reverse engineering the alert, we establish that 210.10 is an important level to watch. After taking a look at the 50 simple moving average, we see that it has been an important level from past information. We see the initial RvR does not work so we have to manipulate the trade plan to accommodate a proper level of risk. As we scroll the chart we see that most people are in the trade entering before the half dollar mark. The chart moves to Clay’s initial alert area of 210.10 and ultimately reaching our initial target. Regardless of your method to trail your winner, you got out around the same point. This was a very basic and logical trade.

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