Friday, October 7, 2011

NARROW RANGE = POWERFUL BREAK OUTS

BOT TRADING SYSTEM

AM RELEASE:  ALERT marrow range day.  We will see (should see) powerful BOs news or not.  Entries for range runs will be quick to profit, as will reversals.  If you miss the first opportunity, wait for a PB.   We could have wild swings associated with the BOs.


ES       1156      1154.75    1153

NQ      2202.25     2200    2196.25

YM      11057     11015       11000

TF        668.9     667      664.5

6E      3440       3420      3403



Quick thoughts tonight, it's the weekend.  Another excellent BOT week and day.

Buyers were entering this A.M. after the range release.  7:40 -7:45 EST was coming off the SB for ES.  15 points later the market hits an early HOD.  Those waiting on their Rth charts missed out.  They saw selling at the open running into B4.  We saw a bearish channel, that continued to B50 area.

We had some fun in the chat today with "educational" long/short calls and followup exits.

[09:49] <CM> buy alert  59.5  2206  666.5

Exits were 5-6 minutes later.


[14:22] <CM> nice bull run
[14:22] <CM> es nq range reversals
[14:26] <CM> x longs   
[14:26] <CM> 1156  2206 660 area
[14:29] <CM> may not be the very top but close enough to capture most of the run


[15:07] <CM> nq in a wedge from b58
[15:31] <CM> excellent bo of the wedge

[15:35] <CM>chart post


[16:01] <CM> like that sell line  see last chart pic   :)


TODAY

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