FOLLOW A GOOD READ 9/28/12

BOT TRADING SYSTEM

PA can at times seem to be mute, murmuring, or shouting about a trade.  This is where your reading skills are tested.

Today we had an early Euro Zone range run which had an effect on the US Open, where we see a FBO for shorting.  We traded last evening in the after hours, and the BoT Range was set early.  No worry, there was plenty of action for the US trader.


A Bear/Bull TL was developing after the initial market shorting.  Tighter and tighter it was ready for a major, extended BO.  At this level, the read was: if shorts can not continue, we would see a FBO followed by an extended long run BO.  That occurred, and was a nice trade run to the high signal.

Selling followed in two phases: above the 50CB and then the 50CB BO.

A very nice day to read.

THE LONG

POST LONG REVERSAL SHORT

50CB SHORTING

THE FINAL PICTURE

PLAYING BY THE RULES 9/27/12

BOT TRADING SYSTEM


 THE pre-market was in a sell mode to the short BoT (SB) and we went long at the bounce to the TL and EMA.  The bulls had a bias but the timing was early.  The long was flipped to an all in short to the reversal.

Another long back to the Bear TL  with an exit off the EMA at B11, followed by the play of the day:  a new long that survived the short trap and broke the 3 point area ( SB, EMA, TL cross) for a 14.5 gain.

Ascending Triangle 1 hit then number 2 which had a three sell signal.  This was regarded as a sell back to the Ascending Triangle 1.  That was a +4 set up.

CONTINUED WEAKNESS 9/26/12

BOT TRADING SYSTEM

THE bear was strong into the US Open.  On the tick chart we had PA at/below the EMA, some Bear TL's and a Bull TL that was signal points.

The short of the BO down  pushed for two exits points  with the latter being a reversal.  Conservatives entered at the Bull/Bear TL Cross for the PB to the targeted 34-35 area.

THE 5M CHART

SIMILAR efforts for the 5m crowd.  We were in a range reversal from Euro Zone trading and finally broke away from the SB stalling by B10-11.  B8 at the SB and below the EMA was a lower risk short as well.  We then moved to the BO-5 level+ to find the reversal signal at B15.  Bulls made it back to test the SB but struggled to return into range.  By B52 area bears again began a move to break the Bull TL and push below the EMA.

BOT TRADING SYSTEM



PA was rising and in a range run with a bullish TL.  The initial response was set target 1 at the long BOT  (LB) and another at +2 to 2.5 above.  PA hits the LB; so far the plan is working.  Then the second trip to the LB and sellers began to appear-and signal!

You can wish, hope, think PA will continue to your targets.  You may even be so married to the targets that other clues go undetected.  That's where rules come into play.  When in doubt, over eager, over whatever, the rules are intended to keep the playing field in check and balance.

• If the BOTs break, expect a BO-5 run
• If the BOTs fail, PA is expected to run the range to the opposite value

B20 to 23 we see the FBO signals for the LB.  If that was in doubt, PA ran the bullish trend line.  Still waiting?  Pa runs the Short BOT (SB) on it's way to BO-15.   A +20 for those smart enough to follow the rules, and those LB seller.

POST CATCH UP

BOT TRADING SYSTEM  WEEK ENDING 9/14/12

Trading demands time and focus.  Throw in vacations, and regular posting commentary takes a backseat.

TODAY:   PA in range and was seeking the lower range (SB) but we noted that a buy signal just above the SB was a go.  Signal+LBBO+BO5+B10 and out of the trade.

This was followed by a PB (H&S pattern) back to the BO5 and the LB.  Additional FBO around 63 (judged to be a lower high) was shorted as the seller PB tested lower.

CATCH UP  CHARTS: