4thMay – Bund Daily Trade Plan

News

0855/0900 GE / EZ PMI 0900 UK PMI 1000 EZ RETAIL
1130/1200 EZ SPKERS 1330 US INIT JOBS 1500 US FACT ORD

Previous Day – ID X 3 – HI @ 62.15 LO @ 61.02

Big Picture

60m – Neutral Bal 61.94 – 61.45 bac for dir

10m – Neutral Bal 61.94 – 61.45 bac for dir

Context Play

1. Balance – Break down

Short – bac 61.45 t 61.34-26 bac 26 t 61.12 t2 61.02 bac 60.85-64 (watch for bof @02)

2. Balance

Longs – hold / bof 61.25 t 61.45

Shorts – hold/bof 62.15 t 61.94

3. Balance – Break up

Longs – bac 62.15 t 61.24/38 bac 38 t 62.50

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