PA BREAKOUT-EMA BREAKOUT

BOT TRADING SYSTEM


ES TODAY:

• The ranges will give a read on the PA direction{  Bull, bear, range bound day.
• Short bull FBO, long bear FBO.
• Short/long the range runs.
• Short/long the BO's or wait for the EMA range.
• Look for 50CB's;  very important.

Today the PA failed to break long and reversed the range for a short.  A 50CB developed at B6.  B8-9 failed to break and moved lower.  That 50CB level became important for FBO's later.

Look for shorts at the BO or wait for the EMA cross ( B11).  Testing this, the EMA cross bar will produce a range to consider for the short(lower BO) or long (upper BO).  Today was a short, and the area to consider was shorting 1167.25-1167.5.

B17-19 were EMA FBO's and a short area, as was the failure of bars31-33 to break the EMA-Cross (67.25-67.5).

Two FBO's were shorts or wait for the break of the EMA-Cross line.

Trade the set-ups, and trade with the market bias.  Today, short...