Bond Trader 2006

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Quote from sharp10:

Lance,
can you tell me why 2500?
THanks.
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Rules developed over time with experience.Works 80% of the time.
 
So Lance,
basically a rally to new high with lower volume than you stated, it is a weak trend good for a fade if matches up with resistance. Do I have it right?

Thanks for the insight.
 
Quote from sharp10:

So Lance,
basically a rally to new high with lower volume than you stated, it is a weak trend good for a fade if matches up with resistance. Do I have it right?

Thanks for the insight.
More...

Only if that single 3 min bar is compare to another bar of the same magnitude.

You cannot say that all new moves to new highs with lower vol. is a weak move because what are you comparing it to and what is the time frame ( 3 min, 5 min ?)

A 3 min bar to new highs in a 3 mins chart with lower volume compare to another 3 min bar, YES, THAT would be considered a weak move.
 
Quote from Lance Carson:

By the way I went short on 110-29 target is 110-00, sometime next week.
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Don't you think anticipation of the fed rate pause will keep prices levitated?
 
Only if it trades below 110-23 and then it closes below that number then I would target 110-00.
 
Quote from scriabinop23:

Don't you think anticipation of the fed rate pause will keep prices levitated?
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The reaction to today's data CPI was very weak and the upcoming meeting is going to be ignore by the market.
 
As expected prices broke key intraday support on higher volume.We are going down, gentlemen.
 
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