BREAK OUT TRADING is designed to capture moves in the market. Traders see runs or trends and try to jump in for a profit. The problem, often they are entering after the professionals have begun accumulating or distributing into the selling/buying by the "herd". The BO Ranges gives us an edge, by identify certain PA attributes of the professionals. This allows us the opportunity to trade with them ahead of the "herd" and also avoid trapping pullbacks, or worse, reversals that are fueled by covering.
Knowing where the market is going, and when, becomes very important. Current conditions are yielding 5 to 10 points plus in the ES market, and ranges are available for YM, NQ, TF, AND 6E.
RANGES TODAY:
ES 1179.5-1176.5-1173.75 NQ 2190-2182.75-2180 YM 11248-11226-11201
TF 689.2-687.4-685.9 6E 4069-4044-4035
The 50CB just above the LB fueled the day trend. The EMA remained strong, and the LBBO5/10/15+ were hit.
Put the Trading System to work for you today.
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