17th Dec – Bund Daily Trade Plan

Main trade –

News

0900 Ger IFO

0930 UK Retail Sales

1000 EZ Wages EZ

1100 UK Ind Tr

1330 US Philly Fed

Stats

DATR 0.95+

WATR 2.13+

WK.50% 58.25

M.50% 56.80

Weekly Summary – Inside up week with strong bull close (O/B 160.25/156.53)

Previous Day –  ER down day with bear close

Hourly Bias – Short sc -2

What happened – OIR rot up to test range/bal high at 88 bof and rot back to bof p.low and into bal till FOMC then rot down to test m.50% and rej to test 65 prev support and reject back to origin of fomc price

Hypo 1 – Range – if price holds 00 then longs t1 25-36 bac 36 t2 56-65; if price holds 56-65 then shorts t 40

Hypo 2 – Down – if prices hold 25-36 then shorts t 00 t2 78 bac 78 t 68-52 bac 52 t 37-25

Hypo 3 – Up – if price bac 65 then longs t 84-95

Red flag levels – For short trades 57.65 For long trades 56.80

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