Thursday, May 31, 2012

A GOOD TIME TO END 5/31/12

BOT TRADING SYSTEM


5/31/12  THE end of the month and a good time to begin a break.  A break away so to speak,  It is time to move on, upward.  To go in a  new direction.

Each day, any trading vehicle will be bearish, neutral, or bullish.  The price action of that vehicle will find critical points where each position will be more favored than the others.

PA likes to test these key levels, and the +/- run points.  They are not pivots.  They are a psychological trading measures of where PA is likely to go, and if so, what it will likely do next.

The key levels are BOTs, Break Out Targets.  The BO or fade points are BO-5, BO-10 etc.  It is the authors opinion that these positions are favorable to trading and clearly keeps a stable perspective on the market Pa that minimizes, if not eliminates, the fear and greed so often referenced in trading dialogue.

Enough has been written for now.  Stating the obvious day after day seems monotonous, but it only seems obvious to those looking at the end of the day charts.  The real story, the BOTs are pre-market.

And that is sufficient to move on, because it is not time to reveal more.  With an eye on greener pastures, the move begins.....


No comments:

Post a Comment