RANGE BOUND=RANGE RUNS 2/17/12

BOT TRADING SYSTEM

WE had a run for a BO at the US Open that ended in a FBO-5.  The bear TL (for a channel) worked as a guide for the shorts, and a play on the range reversal.  On range bound days, the range runs can actually be easier to play than the BOs.

A reversal around 21-22 at the SB began a nice range run for the bulls.  A TL developed.  We did some longs at the mid range to the LB (Long BOT).  PA began a side ways move at the LB in the early PM trading.  The dilemma, the BOTs are set to measure the point where market psychology changes.  It was the EOD, the sun was calling. it's FRIDAY.

For the die hard, the key to entering the S/W at the LB was the bull TL extension and no break of the EMA.  Both positive, and we were at the LB.  By B63-64 the EMA moved into the UTR (upper trading range) by breaking the LB. B66-67 were holding at the TL, the EMA; and the LB that was there first....

SB REVERSAL FOR A 15 BO DAY 2/16/12

BOT TRADING SYSTEM

ON days like this, there is little to say.  A pre open SB reversal signaled, we had a range run (expected), then PA tested support and we had the BO to +5, +10, and +15.

A few scalps at the end for +1 each (6E was better at +10) for the scalp players.

discussion on the scalps:


[14:33] <CM> es at max extension shorts will attempt a pb 56.25-56.75
[14:39] <CM> that gives you a +1 to the 1m ema 





[14:53] <CM> another short push at ema..
[15:03] <CM> es 55.75-55.5  6e 1.3141-42
[15:11] <CM> +1 es +10 6e 


When PA runs the BOs, you are in at signals or look for a quality PB to the EMA.

EURO ZONE BO-5 2/10/12

BOT TRADING SYSTEM

2/9 was updated for the selling into range for the after hours of the US Market.  Selling continued with a BO-5 for the Euro Zone trading

TIGHT RANGE DAY II BO-5 LIMIT 2/9/12

BOT TRADING SYSTEM

RANGES continued unchanged into after hours and Euro Zone.

A short TL was seen.  This is the exit for longs and entries for all in short.  The latter was a short at 1149 and a range run was expected (and reported), with a targets at 42.5 to 40.5  (SB-2 points).


The bear channel continued and a long was hit at the SB, lower channel TL Reversal.

The expected (reported) move was a test of B1 high and a run to the 1352 area.  Targets hit (although not at 1352) and EOTD (end of trading day) exits taken.


UPDATE:    selling strength just under 1352 caused a PA PB back to the  1348.5 area at the EOD for the US Market.






UPDATE:  STEADY retreat back into range

TIGHT RANGE DAY 2/8/12

BOT TRADING SYSTEM




limited upside BO followed by a selling TL.  reversal called and developed over the next 20 mins.

AFTER HOURS SELLING

Upside target of 48.5-49.5.  Selling pressure developed providing another selling TL.  End to a long day.


UPDATE

TRADING RANGE TO BO LEVEL 2/7/12

BOT TRADING SYSTEM

AFTER hours and Euro one BO-5 double top shorting back to the BOT range.

TL and BOT support longs.  Another BO run to BO-5

Afternoon    outlook was a BO-10 run.  Hit plus 1 tick.

QUICK NOTE 2/6/12

BOT TRADING SYSTEM


QUICK NOTE  The range PB that was anticipated Friday was hit.  It was a long opportunity and developed in a very nice bull channel.  The mid day sideways action was a desirable exit point.

2/3/12 BO to BO-15

BOT TRADING SYSTEM


  EARLIER in the week when PA was at 1300-  we suggested a bull run to 1317-18 then 1328-30 later in the week.  We get both.

Today was essentially over pre US Open.  PA was hugging the Long BOT all evening and slightly moved above it late in the Euro Zone.  Buyers entered around 8 Am EST, the PA held at the LB and boom:  the BO.

Nice week, a nice day. 

A flag reversal BO to test the 50CB level can be expected.






12:45 pm look

Flag shift showing some weakness.  Adding as we go.  Right/wrong it's out there.  None of this EOD read of what happened in the past.

2/1 & 2/2/12 CHARTS

BOT TRADING SYSTEM

2/1/12
Bull Channel into US Open, BO channel to BO-5.  The bear flag led charge back to the LB.

2/2/12

Double bull channel in a tight, range bound day