hi i trade european bonds , your results look very impressive what system do you trade on ? obviously without giving your game away what technical analysis do you use ?
hi i trade european bonds , your results look very impressive what system do you trade on ? obviously without giving your game away what technical analysis do you use ?
I'm not giving anything away just showing ET what is really possible if you work hard at this business and making it real for those that are struggling.
Yesterdays selloff was perfectly timed with a few little stalls earlier in the week.
There are a few things that concern me about it.
1. Low volume
2. key support levels
3. volatility
The volume is not to be ignored on this trade because the size of the run should have trapped more players and we should see significant volume if this is to retrace deeper.
We have some key levels to get through as well.
Right here 112-310
112 232 and 112-060 area's
volatility is my biggest concern at this time which may make intra day trading difficult.
So the bottomline is I believe we will find a bottom and then consolidate for an extended period of time till the fed sorts out policy.
Possible lows 112 -014 to 114 -000 highs.
All of this could change with any signs of interest rate hikes stopping.