Wednesday, September 25, 2013

FBO IN A CHANNEL & A BREAK OF A 50CB TL 9/25/13

PA traded inside the range from early  in the Euro Zone trading.  By the US open we were looking at gaping to the BO-5, which created a range run to the LB inside a bullish channel.

Narrow trading, not running away from the LB, came back to break the 50CB TL creating a shorting opportunity

[12:02] <CM> short es 50cb tl break
[12:03] <CM> also the lb


PA ran and the stop was in profit.  The target was set for the SB.

12:27] <CM> buy stop on short  target is the SB  (link deleted)
[12:28] <CM> 88.25 area






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