Early AM pre US Open seemed to favor a LBBO. Either a long or a short BO would expand the range
Today, scattering some comments from chat as market developed.
[07:49] <CM> bots unchanged sb longs in ct but with range dynamics supported in all mkts (chart deleted)
[07:55] <CM> bias today seems to fav a lbbo but alert for a sbbo5 both would show an expansion of the range (unchanged as of this am)
[08:00] <CM> tf breaking ema +2 points from signal es +3 nq +6 ym +20 from signal
<CM> gm all prior range run completed b1 range was in lower sector all mkts hit lows and reversed 2nd time for range run again per earlier stmt bias appears long today (link deleted)
We always look for the expected, and the surprise. Today the market began to tell another story early in the trading day.
cm room post only now for the other story yes bias is long but note from pic on 5m es we are in a downward channel from 4:35 am est area 1384 roughly top of that channel if news is crappy look to short below ema bottom channel roughly 75.5-76
we play what is given.. (chart deleted)
holding long exit at 50cb of b3 80.5 still in profit and enough room to reverse orders for a mkt flip
AND IT DID, with targets at the lower end of the channel.
[10:02] <CM> testing target again mkts selling
[10:04] <CM> 75-76 t1
B8-9
nice clean out to 76 some covering after an extended bar
win win stp at sb target at bo5
prior discussion a bo l/s will expand the range still in a range bound mode..
x part 76.50 still seeing some covering here
thinking lod in fsbbo5 ema at sb and buyers trying to recover b7 also back inside b1 range we are still range bound just a bigger range now.. long here has -2 risk v +8 upside 1leg pb to ema es 5m
expecting 85.5-86
ANOTHER RANGE RUN TO THE LB
see exits at the lb
<X> yes
range run completed (chart deleted)
B25-26
long now for the hl bounce at the sb the stop is 4t below the sb
for instance 79l stop at 78
with a +1 to 5t exit trade makes $ (pays comm tax etc) so a be bal or a be+1-3t is a win-win
so this trade although appears ct for pa, IT is sound under the bots
b27 new buyers join the mkt assures a positive trade -chart deleted
clearer here w/tick chart added -chart deleted
STOP MOVED TO +2 AND NOTICED A LH. HMM, THE
'DICK TRACY" WE WERE HEADING LOW, MUCH LOWER
bal stop was at +2 had not adjusted
since you were looking at terms this looks like dick tracy right side drops lower b30-32 deeper than 18-23
target 75
ok the bias early am posting was toward long as the sb was holding when the bo stalled at b16-19 area the range run was showing a short bias. if one bot or a bo5 fails to hit it is believed that the pa will run to the opposite
ie we did not get long bo5 so we should see the short bo5
ding sbbo5
BOT 10 BUYERS AT THE BOUNCE
73 buyers
signal and a reversal of the prior tick cb at a bo5, lod so a low risk long trial around -chart deleted
those may be overlaps but I'm not sure how that term is used
1 leg pb to ema xpart 76.5 wait for leg2 stp at 74.5
the 5m was stalling at ema but it takes time to verify. the tick chart was already showing a sell pb so the stop sold open positions to stay win-win
t1 was the ema 5m
AND THE END OF THE DAY......
[14:26] <CM> with that tracy move and the break of the sb we have bo5 next target bo10 at 68.75
[14:48] <CM> eod look since it seems we have some support between bo10 and bo15 increased bias (no stats so cant really say probability) of a pb to around bo5 mkt close in the 71-73 area
The end to another exciting day.
OFF TOMORROW FOR AN EARLY WEEKEND.........................
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