Ranges were set and B1 delivered with a BO long. Targets for BOs are set at +5 as a minimum. At/near the BO-5 look for 1-continued strength in the trend (hold) or 2- a reason to get out. FBO reversals are frequent in range bound days.
Swing days will run 10-15, with BO-15 tending to be a max run. If so, the opposite players tend to only get a PB to the BO-10 area.
Super swings and news events will push to BO-20.
ORDER OF TRADERS
1. look for a BOT (break out target) BO to BO-5
2. Look for reason to hold or exit around BO-5 Range days will show weakness and often reverse for a range run
3. Strong BO-5 will seek BO-10/15 Swing days
4. PA reversing back into range is expected to run to 1-the Middle BOT 2- the opposite outside range
5. Control Bars are important all day. A 50% test is expected. If no test, trend continues; if test fails, trend of control bar continues; and if it breaks, CB trend reverses. The test are immediate (2-4 bars) or AS TODAY- B12 WAS TESTED AT B55-56.
6. All trades, consider where are the BOT Ranges, where is the EMA, where are the BO Levels, and what is the trend strength- number of bars, size of bodies. wicks & tails, higher lows or lower highs....
Swing days will run 10-15, with BO-15 tending to be a max run. If so, the opposite players tend to only get a PB to the BO-10 area.
Super swings and news events will push to BO-20.
ORDER OF TRADERS
1. look for a BOT (break out target) BO to BO-5
2. Look for reason to hold or exit around BO-5 Range days will show weakness and often reverse for a range run
3. Strong BO-5 will seek BO-10/15 Swing days
4. PA reversing back into range is expected to run to 1-the Middle BOT 2- the opposite outside range
5. Control Bars are important all day. A 50% test is expected. If no test, trend continues; if test fails, trend of control bar continues; and if it breaks, CB trend reverses. The test are immediate (2-4 bars) or AS TODAY- B12 WAS TESTED AT B55-56.
6. All trades, consider where are the BOT Ranges, where is the EMA, where are the BO Levels, and what is the trend strength- number of bars, size of bodies. wicks & tails, higher lows or lower highs....
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