24th Oct 2016 – Bund Daily Trade Plan

News

0830 Ger PMI 0900 EZ PMI 1400/05 US Fomc members

Stats

DATR 0.68-

WATR 1.66+

p.WK.50% 64.78

M.50%

Weekly Summary – Up week back into VA, T 64.78

Previous Day – NR ID bac 64.33 t 64.67-78 t 65.00

General Bias SC = 1

Big Picture

60min – Long TR, for cont exp hold 96-85 (bal.hi/vah) and bac of 34.

Possible 60.bull trap at 34 as minor sz at 42-52

15min – Neutral TR, bal.hi 34 lo at 04, for dir bac 34/04

Possible 15.bull trap at 34 with 15min sz at 42-52

Possible 15.bear trap at 04 with 96-85 bal hi and 15min bz

Neutral Hypo – if price holds /bof 34 or holds 42-52 then shorts t 30 t2 25 bac 25 t 14; if price holds/bof 04 or holds 96-85 (IDS) then longs t 04 t2 14 bac 14 then t 25

Long Hypo – if price bac 34 then longs t 42 t2 52 if bac 52 then longs t 62 t3 68-78; if price holds 68-78 then shorts t 34 (IDS)

Short Hypo – if price bac 04 then shorts t 96-85, bac 85 then shorts t 74-70 bac 70 t 55-50 t2 44; if price holds 55-44 then longs t 70 t2 85 (IDS)

Red flag levels – For short trades bac 64.52 For long trades bac 63.24

Leave a Reply

Your email address will not be published.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