TRADING BOT TRENDS

Today is a shortened day of trading.  We started in the pre open, had the BOTs, and had the webinar running.


click to enlarge

We like to have cross reference for a trade, i.e. another financials instrument is moving in our trade direction.  If the professionals are with us, or we are with them, the trade has a higher chance of working.  YM was in a bullish channel, and we see similar moves at or near the same candles.

TODAY:

1. We have a test then FBO of the lower BOT.  We expect BO's to develop trends, and FBO's develop a reversal trend to the opposite BOT.  We were looking long.
2. Price is bullish, above the EMA and with some gap, trading between the LBOT and the MBOT.  Targets listed are the +5 and +10 from the pre-open low, and +5 and +10 from the LBOT.
3. The second long has support at the EMA, no 5tf, the 50% and MAXT, and we had posted it as key point to watch.  Price and EMA hits the target placed on the chart.
4. New focus is on +5 and +10 from US Open low.
5. A micro flag develops and we have a MAXT level, a 50% level, and the possible Leg2 from the EMA.  BO+ for the expected run to +10 area, which is a +5 from the flag and our exit.
6. B19-20 was a reversal MAXT signal with a target back to 87 area, however it was suggested this would be a slow trade to develop

Day done.