Blue bar high and low

Oct 28th , 2010

Just a quick update with the chart from today. When the market gapped up we had blue bars to us to not go long and that was the high of the day. Then once the market fell the blue bars came in again at the low. The market did go lower but we are not interested in that low as a short. Notice how it broke lower then it reversed up hard to make the low of the day on the break down.

The blue bars give us areas with odds in real time. There was a long signal that had profit opportunity but the market was very choppy after the long signal.

Going into tomorrow we are still in the bigger contraction so that is a low odds area plus it is going to be Friday which is a low odds trading day. We would scalp a few points and be done for the day.

Happy Trading,

www.eMiniSchool.com