LONG BIAS, AND A TC BO

The day started with a long bias expectation.    Price had a nice run up, and was consolidating.  A trend continuation BO was anticipated, and an alert was issued.



[08:23] <Chartmaster> long side bias for the day  YD euro zone news over shadowed earnings. prices favorable for another leg up rally

[08:27] <Chartmaster> tf and es tech longs  1312  828 areas

[08:29] <Chartmaster> both are in sideways pattern from last run up.  bo will occur  bias would be a continuation of the bull



After the trade, price was expected to test the BO area for support.  The day remained in the long bias.



[08:59] <Chartmaster> this is our LB test    also pa will confirm that bo level for support  bias still long for the day  but a MB break will look for the short
[09:07] <Chartmaster> the area we were discussing  for the BO  and now a test for support  ema's are in the area too


7-12-11 TF


click to enlarge

Brief trading day, limited to pre open and the open.  Back to chat/webinars schedule next week.





7-12-11 ES


Similar trading pattern as the TF.  We always look for trades confirmation across markets, and we like to trade with the markets.  Typically, the chart view is of TF, ES, NQ, and YM.  These four are used to verify market moves for our trading positions.