2nd March 2016 – Bund Daily Trade Plan

News

0800 Span Unem 0930 UK Con PMI 1315 US ADP Non Farm
1530 US Crude Oil

Stats

DATR 76-

WATR 1.96-

WK.50% –

M.50% 60.92

Weekly Summary – Range up week with strong bull close inside prev week. IWx2 Hi 66.25 lo 63.72 TU 68.60 TD 61.28

Previous Day – Normal up day with strong bull close TU 66.99

Hourly Bias – Neutral Bias Sc -1

Big Picture – unable to bac 66.63 and rot down thru 60.bz and then rejection of fresh 60.sz at 48-63 with erc.v rot down thru messy bz upon bz at 09-74, for sellers to remain in control, need 60.bz 25-46 to hold and 60.bz to be bac at 74 and 57

Hypo 1 – Down – if price bac 74 then shorts t 67-57; bac 57 then shorts t 43-35 t2 22-14

Hypo 2 – Range – if price holds / bof 77-67 or 57 then longs t 99-09 bac 09 t2 25-46, If price holds 26-46 then shorts t 99 and 88

Hypo 3 – Up – if price bac 26 then longs t 40-46, bac 46 then t 55-63

Red flag levels – For short trades bac 66.63 For long trades bac 66.25

Leave a Reply

Your email address will not be published.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