Monday, August 22, 2011

RANGE DAY BOT BREAK OUTS


WATCH ISSUE:  A watch exists for the break out from the ES range


The early LBBO ran to +5 to the tick before a 50CB reversal returned price to the LB.  The EMA continued to hold price for the best trade of the day, the reversal from the LB to the SB.  The SBBO ran +5, creating a trade range day.


Range days are playable, but the greater benefit is looking for the break out from the range.  They tend to be significant runs.

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