NET NEUTRAL RANGE BOUND DAY

RANGE BOUND MARKETS

BOT TRADING SYSTEM

when the BOT ranges stay the same or are very close to the prior day, the markets are range bound.  We tend to see a BOT BO 5/10 run, followed by a reversal to the same extreme at the opposite range.

The BOT focus is on a break out that can run for the +5 to +10 level.  As discussed in the chat, the bigger trade is the 5to5, 5to10, and 10to10 that the professionals are taking.

Today, the 50CB setup was dominant after the BOT BO's, and we saw the reversal runs from one level to the opposite.  The BOT's continue to be of value 24 hours.

When we have a reversal. it will tend to run to the opposite level.  In after hours and the Euro Zone, we see a LBBO to the LB5 level, followed by a reversal.  That reversal was a FBO of the short BOT, and PA ran to the long BOT at the US open.

When a level become important, i.e. a bot or 50CB, etc.  it remains important for the trading day.  PA was in a tight range at the LB+/- that was used for the first BO trade at the open.  These levels would be important for the day.

The original short reversed below the MB for an exit.  The resulting long had three potential entries:  the lower 50CB, the original short level, and the LB .  Price ran LBBO 5/10. followed by a key level at the LB5 which was also at the upper 50CB.

 The upper/lower 50CB's remain important until we see a BOT BO.

The upper became target 1 (T1) with an additional T2 for the bull reversal from the MB.

Price pushed up to the T1 area, and consolidated in that same open range around the LB.

After two attempts to break T1, PA reversed to run to the opposite level, followed by a SBBO.  All-in-All, a BOT10 to BOT10 day.  Net neutral, range day.