We are long a single contract from 1391.25, the result of a trade signaled during yesterday morning’s weekly tutorial session. You should be using a “dynamic” trailing stop that will subject you to risk no greater than a third of what you stand to make if the futures reach the target. With a target at 1412.75 and a so-far high of 1397.50, that implies a current trailing stop of 5.00 points, but it would narrow to 4.00 points as the futures approach, for example, 1400.75 (leaving 12 points to the target).   Because the target is a Hidden Pivot that looks like a good place to get short, I’ll suggest doing so in either of two ways:  1) via camouflage; or, 2) if you have cashed out the long for an implied profit of $1075 per contract, offer four contracts short at 1412.25, stop 1413.25.  If you use the second strategy, your first partial profit should be taken on a pullback to 1408.75, but you’ll be on your own thereafter. _______ UPDATE (10:28 a.m. EDT):  We exited the position this morning at 1396.50, based on the 4.00-point trailing stop that would have been in effect at the so-far high, at 1400.50.  Our profit on paper was $262 per contract before commissions. The 1412.25 target remains valid and is still a good place to try shorting.  Would you like to learn how we use the ‘camouflage’ trading technique to significantly reduce entry risk? Click here for details.