GRINDING OVERLAP DAY 2/4/13

BOT TRADING SYSTEM

Maybe it was the remains of the Super Bowl.  Today just seemed different.  Slow grinding, overlapping bars.  The middle range BOT was near the short, so the bias going in was bearish.  Two bulls, a pull back bear bar.  Two bears, a pull back bull bar for the bull, and so it went.  It took us to bar 24 to get four consecutive bar in one direction (bearish).

We had the SB BO  and the EMA was holding as resistance as PA pushed to the BO-5.  Each bull CT channel would break the trend line slightly, come back to test the TL, then resumed the selling.

When yo do not get your nice trend run day or at least some nice bar runs, you can choose to wait it out, sit out, or try scalping some of the 1-3 bar moves.