4th May 2016 – Bund Daily Trade Plan

News

08-0900 EZ Vars PMI 0930 UK Con PMI 1000 EZ Retail Sales
1315 US ADP NFC 1445 US Serv PMI 1500 US ISM non man PMI
1530 US Crude

Stats

DATR 72

WATR 1.72-

WK.50% 63.29

M.50% –

Weekly Summary – Down week with good volume and strong bear close into a weekly buy zone 62.33 – 60.81 (ftb but weak)

Bund Tradeplan

Previous Day – bac id with trend up day with strong bear close m.50% at 48 (tbc)

General Bias – SC 0

Big Picture

60min – Long Bias – price testing 09, bd origin of prev bal with bal vpoc at 51, for cont of long bias, exp for 83-75 to hold and bac 12 for test of bal vpoc

15min – Long Bias -for cont exp of 89-83 to hold and 12 to bac

Hypo 1 – Up – if price holds 83-75 then longs t 03-12 bac 12 t 22-34 bac 34 t 51-55 t2 63-74

Hypo 2 – Range – if price holds / bof either 03-12 or 22-34 (r.val) then shorts t 83, bac 83 t 49-37 if price holds 49-37 then longs t 82 t2 03-12

Hypo 3 – Down – if price bac 40 then shorts 25 t2 11

Red flag levels – For short trades 63.34 For long trades bac 62.40

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