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Lance Carson
The clue was in the ZN price action and the last 3 min BULLISH bar before the breakout from 110-23 to 110-27 with the HIGHEST VOLUME.
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Bond Trader 2006
- Thread starter johnpinochet
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Lance Carson
The first 3 min bar was a magnitude 11 ticks, then followed by a square flag ( even match between bulls and bears) followed by multiple retesting of support at 110-23, odviously if it can't go down it HAS TO GO UP.( common sense)
Lance,
Curious to know your take now given that you were long. Have you exited?
Curious to know your take now given that you were long. Have you exited?
The first 3 min bar was a magnitude 11 ticks, then followed by a square flag ( even match between bulls and bears) followed by multiple retesting of support at 110-23, odviously if it can't go down it HAS TO GO UP.( common sense)
Not to mention the lack of volume at 110-23/24 level. Lowest vol on 10 min chart since the CPI number.
Not to mention the lack of volume at 110-23/24 level. Lowest vol on 10 min chart since the CPI number.
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Lance Carson
The first bar reaction after the report ESTABLISHES THE TREND, what it does after that is up to the trader to interpret. Always go with the trend and you will win more than 50% ( the trend is your friend, remember?)
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Lance Carson
Notice that bullish ( mini-down trend) formation in the ZB how it broked out to the UP side. That same formation is very common in DAYLI and WEEKLY charts.The question is is the breakout on HIGHER VOLUME?
Quote from Lance Carson:
The first bar reaction after the report ESTABLISHES THE TREND, what it does after that is up to the trader to interpret. Always go with the trend and you will win more than 50% ( the trend is your friend, remember?)
this is my same methodology -- my problem is I jump in too quick usually.
my discipline needs to seriously develop.
Quote from Lance Carson:
The first bar reaction after the report ESTABLISHES THE TREND, what it does after that is up to the trader to interpret. Always go with the trend and you will win more than 50% ( the trend is your friend, remember?)
Got it! When I try to get away from that I get bit.
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