Later Afternoon Plays - Moves (Price Rollover) 5x return to risk -

A later afternoon move involves looking at where prices roll over. The prices here use a moving average strategy of a short-term average (9 days) and intermediate term (21 days) following the rules and methodologies outlined in Andrew Aziz - as well as Martin Pring (2002) and other technical analysis books. I learned this particular strategy or set up (without the VWAP) while in college at 21 and interning for a financial planner as a finance major. 

The prices slowly breaking down - finding a floor and breaking out of it are what clearly indicate a downward movement. In my trade book I identify real money instances where this works and produces a 5x profit to risk (A* set up). One example is the Dubai $5,800 profit from $1,600 risk. 

You can see several other strategies identified - from the earlier posts and trade book. Opening range breakdown - a failed reversal and now this rollover - in the direction of the original price movement:

The option - around where I identify the entry is $5 - $250 risk: 

Later the price moves and drops in the direction of the trend - falling drastically in the short amount of time - (good for options!):

This move occurs later in the day around 1:00pm and the clear exit is when the bullish engulfing forms a buy signal following the lower Resistance (R4) bounce (not covered yet). 

The option movement - from $5 to $25 - this is a textbook A* set up that occurs in the afternoons. See more examples of this live with real money in my $45 Trade book.