How I set the bias
The stock is on an uptrend on higher time frames while dropping towards the previous support area.
It has moved the full ATR move into that area.
The move is parabolic.
Entry rules
I look for an entry signal on the 1-min chart.
I wait for the PSAR to be below 11EMA
Ideally to be far from the 11EMA
Look for a high volume candle being engulfed by a low volume candle, or a fake break
Entry on the break of the previous high volume candle or previous green candle.
Stop goes to low of the day
Trade management
I target 5R, VWAP or 50% of the previous move, This time having such a wide stop I was looking for an add-up on the way up. I added up with my free roll hotkey on the small cup and handle pattern.
At the target area I decided to follow the PSAR for the exit as the whole market was trending up, so my exit was at $50.52.
It continued up till $61.25, but my exit was good because the stock started to have the attributes of a reversal to the short side - multiple candles up, PSAR over 11EMA, the highest volume candle for a long time on the top of the move.
It is interesting to see how the stock gave a short reversal entry at 12:40 with a 8R move to VWAP with the same rules applied.