RANGE SWINGS AND THE 5 & 10

Released in the pre market:

Today:  watch for range swings.  Not as likely to have an extended run. but certainly a 5-10 variety,

ES         1190.5         1186.25       1184.75

NQ         2268.75        2262         2256.75

TF         703.8         701.6         699.3

YM       11251       11226        11205    

6E         3821        3792         3780


The market quickly tested the short BOT and showed a FBO. Per rule, it moved to the opposite level and ran a BO to the LBBO5 and attempt on the BO10.    A  LB LBBO5 swing finally reversed to run for another test of the SB.  "swings, 5 & 10."

The SB failed, and began a bullish channel into the close.  A consolidation developed, and the chat discussion was about the long bias BO.  It worked to our advantage.

 

 

 The BOT (break out targets) System is designed to analyze the trading tendencies of professional traders within a calculated market range.   Reversals, Break outs, MAXT, 50cbs, and the BOT levels are all important tools for trading with the professional movers.  

Knowing what the pros are doing is a distinct advantage.  Knowing what and when is a very distinct advantage.  Knowing before the market opens is the BOT Trading System.