29 Oct 2015 – Bund Daily Trade Plan

Main trade –  Possible reversal on daily.  watch for bac of y.low and strength to down side and join short on first pullback. otherwise watch for bof and range day. 

Key News 

0855 Ger Unemploy 1230 US GDP 1300 Ger CPI  

Stats

DATR 0.71 + WATR 2.12 – WK.50% 56.75 M.50% 54.72

Weekly Summary – Inside week x 3 with strong bull close and bof of Hi (Hi 57.67 / Lo 55.42)

Previous Day –  Neutral down with bear close, @ sd daily rot and fresh daily sell zone at 58.76-59.17

Bias – Neutral Bias, sc 3.

What happened –OIR rot up to p.low and into bal, breakdown with erc.v rot down thru buy zones to p.mid and trendline, buyers in and erc.v rot up to y.hi at 38, into bal till fomc and erc rot down to session lows and trendline

Hypo 1 – Down – if price holds 17-30 (val/vpoc/sz) then shorts t 95-93 (y.low) bac shorts t 78-70 (hvn/bo.origin/vpoc)) t2 60-53 (vpoc/bz/38fib) bac 53 t 45-40 (p.vpoc/hvn)

Hypo 2 – Range – if price holds / bof 93 then longs t 16 t 30 t3 39 (p.hi / lvn) if price holds/bof 39 then shorts t 30 t2 16

Hypo 3 –Up – if price bac 39 then longs t 49-53 t2 60 bac 60 t 67(val / w.hvn) t3 76-85 (fresh sz/w.vpoc/nvpoc) t4 99-00 (sz)

Red flag levels – For short trades bac 158.61 For long trades  bac 57.90

Leave a Reply

Your email address will not be published. Required fields are marked *