13th Jan 2017 – Bund Daily Trade Plan

News

0800 EZ Span CPI 1330 US Retail Sales 1330 US JOBS

 

Fri – DW

Up

+40

Dwn

-50

Weekly Summary – Down week with strong down close, w m.50% @ 63.61 P.wk low at 163.55

Previous Day – Range down day with strong down close. Low @ 63.52

General Bias SC = -1

Rot Bias 3/30 Up 3D SD > 30D SD / Down 3D SD < 30D SD.

Big Picture

60min – Neutral TR, LH and at t/l and pr.vah, hold 63.95 and bac 63.52

15min – Down TR, for cont, exp hold 93-00 and bac 52, watch for bear trap @ 52 (3tb)

Context Play

1. Retest of previous bal and failure back into VA

Bac of p.vah at 63.52 t 52 t 2 15-00 bac 00 t 92-88

2. Retest of previous bal and reject into Balance

Hold / BOF 63.52, t 78-80 t2 93-00 t3 10-19; shorts at 93-19 esp bof for return to mid and new balance area

3. Retest of previous bal and rejection into Up day

Bac 64.19/24 T38-41 T2 64.52

Red flag levels – Short trades 64.24 Long trades 62.52

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