Monday, November 7, 2011

TARGETS IGNORE NEWS

BOT TRADING SYSTEM

[09:50] <CM> gm all   ES near term 1262 longer 1285-1290 still valid NQ- near 2373 longer 2400-2406


The market opened strong then sold off to mid day.  Not looking good for the outlook.  But a run from the short BOT to 1262 is much better than a run from the long BOT.  Both ES and NQ hit their target.



The Long BOT broke early and ran into a selling reversal MAXT.  The EMA contained two Pullbacks before PA settled at the Short BOT.  A multi-time frame buy signal hit at B38, as price rose the balance of the day to hit the 1262 target.

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