Wednesday, April 11, 2012

NARROW RANGE FOLLOWS THE BO20 DAY 4/11/12

BOT TRADING SYSTEM

AFTER an extended BO run , we tend to see a range bound day.  After a range bound day, we tend to see a BO run.  It's a thought..

B1       straddled the mid range, market not reading long nor short.
B5-6    1PB at open and a MAXT slightly above the SB for long entries
B14     50CB test of B13 for a FBO of the LB.
B15     short entries
B26     secondary entry   EMA MB hold looking for a second leg down for the range rum (70.25-65.25)
B28     SBBO short for new entries.
B30-32 buy pressure hold near the SB.
B33     long entries with stops below B30
B49     PA holing above TL with a gap to the SB
B55     4 bull reversal bar.  Short with stops above b53
B61     new shorts would see a SB FBO
B69    new SBBO sh was successful.  B66-68 held under TL.  B55 holders looking for LOD

EOD   1383 buyers with a 4t stop


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