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The rules are as follows:
If yesterdays Close is Higher than 15 ticks from yesterdays Open (Buyers in
the market yesterday)
And
Today's Open is Higher than 4 ticks from yesterdays close (Buyers in the
market on the overnight)
Then
The market is overbought - The Sell setup is complete. Place the following
orders:
SELL 1 T-bond futures at the Market (On the Open)
AND
SELL 1 T-bond futures at the Open+9 ticks, Limit (Day Only)
The Buy setup and trade entry are exactly the opposite.
If yesterdays Close is Lower than 15 ticks from yesterdays Open (Sellers in
the market yesterday)
And
Today's Open is Lower than 4 ticks from yesterdays close (Sellers in the
market on the overnight)
Then
The market is oversold - The Buy setup is complete. Place the following
orders:
BUY 1 T-bond futures at the Market, (On the Open)
AND
BUY 1 T-bond futures at the Open-9 ticks, Limit (Day Only)
Thanks for any help!
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