Tuesday July 8 trading carved out a high and a low which I will use as a signal to enter a trade. The high was at 115'24 and the low was 114'16 or there abouts in Sept Bond contract. I am using that range as a key to entering my next trade. I'll buy/sell on a breakout of that range. As this day (Thursday july 10) comes into the trading day, the electronic treasury bond contract has already traded to the upper limit of that range.
Because of that I have entered the market on the long side ... looking for a move above 116, at least.