Tuesday, September 27, 2011

NARROW RANGE BONANZA

BOT TRADING SYSTEM

released this AM     Wide range day yesterday followed by a narrow range today.  Easy bo day for a bo5/10  but be alert for a 15-20 day run



ES           1173.75     1171.5     1169.5

NQ            2254.5       2251.25      2245.25

YM            11112        11096       11075

TF              672.1       671.3       669.6

6E.            3511       3504        3484



Price broke the long BOT early, after the release of the ranges, and ran for the bo5 level.    Two excellent PBs allowed a bo5 to bo10 run.  Trading was switched to bo10 shorting and bo5 longs  as price bounced around the early news.

PA then traded to double highs at 1187 and back to the 50CB support, the latter yielding a nice run to bo15, which was views as a resistance level and subject to fail.


[12:42] <CM> range limits and 50cb's have been good today

[13:54] <CM> see if bo15 is resist and we get a pb
[13:59] <CM> in
[13:59] <S> short??
[13:59] <CM> y


[14:02] <CM> seems to be trying to flip

[15:17] <CM> the big run i was looking for .... 

Euro news pushed market up and down.  We got the easy BO and the 15/20 runs.  Try the BOT System....

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