BOT TRADING SYSTEM
one point range bars
THERE
are two things ( more I'm sure) about a strong trend: There seems to
be exits at each new high, and there will be another trade for those
that are patient.
In general, look for the second or
third hit at the trend line (EMA , etc.) that you are using for a
measure of support (bull) or resistance (bear).
TODAY:
bullish trend coming into the open. Bar 330 and 345 could be entries
off the TL. Better was the gap bar after B5 with an exit (at the high
area) when the micro trend line broke. Micro TL's
will occur with in the larger time frame daily TL. Both have play
advantages. I prefer the micro as it tends to be a quicker in-and-out.
From the side you are able to take advantage of the market. If in a
trade and conditions change, traders have a tendency to think " I can
wait this out, it will come back into profit soon!".
next
opportunity was the TL from B20 to 45. This was a later trade in the
TL around the B35 gap ( price to the trend line) with a MTL break at another high. B55 came next with an exit at the prior high (1506).
1510
break was considered a short but price failed to run for the bears.
Instead, the trend line was rising suggesting more bullish action.

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