RANGE DAY AFTER THE BOT BO
The run hit SBBO5 and SBBO10, and never really challenged B269 50CB for the day. The balance of the day was a "tag, your it" play between the SBBO levels.
Friday, September 2, 2011
RANGE DAY AFTER THE BREAK OUT
BOT TRADING SYSTEM
After the BOT break out, then what? If PA is not returning to the BOT
Range, we will look for MAXT, 50CB, and BOT BO levels for guidance.
Today, the ES was trending down when the BOT Range was put into play. A
FBO of the LB ( appears to be the move one way, dump the other) was
quick to reverse and had cover orders flaming the sell off.
The run hit SBBO5 and SBBO10, and never really challenged B269 50CB for the day. The balance of the day was a "tag, your it" play between the SBBO levels.
After the BOT BO, we will begin looking for a reversal back into the
range, or, if a range bound day, plays within the BOT BO-
SBBO5-SBBO10-SBBO15 today.
The run hit SBBO5 and SBBO10, and never really challenged B269 50CB for the day. The balance of the day was a "tag, your it" play between the SBBO levels.
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