David
I have a set of criteria that I adhere to for confirmation. So price wise it could be as low as 41.5 as long as all the other criteria was met as well. If price hit 41.5 but all the criteria wasn't met. I'd possibly look at 43. That's for a short term position. But there'd be nothing stopping me from taking scalps or day trades along the way until that criteria was met. The risk strategy would be for each individual and length of trade.
Sorry, if that sounds cryptic. But to explain to someone the criteria involved in confirmation would take about 10 hours.
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