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I had a couple of good comments about last night's bond post, so I
thought we'd try it again. Today is an NR7 day, which has a greater
potential to move the market than yesterday's NR4. I have a Momentum
Pinball Sell flag for tomorrow, but these seem to typically have less
reliability than the others, so I usually don't take a whole lot of
stock in them.
Again, this is an automated print-out that I created in TS to provide
a "heads-up" for tomorrow's trading in the bond market (Wednesday,
2/10).
Although it should be obvious to most, this should not be construed as
systematic entries and exits to be taken in mechanical fashion. . .
but more as "cues" that you may want to consider while day-trading
this market.
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990209
TODAY IS AN NR4 DAY!
TODAY IS ALSO AN NR7 DAY - GREATER POTENTIAL TO MOVE!
If during the day tomorrow yesterday's high of 125-10 is exceeded then
either buy the breakout (agr.) or look to buy a retracement to the
breakout (cons.). If during the day tomorrow yesterday’s low of
124-24 is exceeded then either sell the breakout (agr.) or look to
sell a retracement to the breakout (cons.).
*** If no other direction is specified by other indicators ***
** favor that of the 100 min. 5 Double Stoch 2 period slope.** - DOWN
TODAY IS MOMENTUM PINBALL SELL DAY - *Sell* the breakout of the first
hour low.
REMEMBER TO MONITOR FOR ANY HOLY GRAIL SETUPS TODAY!
If the 5,15,30,60,or 120 min ADX>30 then look to trade the bounce
against that period's 20 EMA.
TRADING RANGE MKT:
If both the 30 and 60 min. ADX < 30 then look to trade S&R
Watch for OOPS! Trade - If O < L[1] then buy L[1] on a stop.
USH9 ID
R3 125 28/32
R2 125 18/32
R1 125 9/32
DP 125
S1 124 23/32
S2 124 14/32
S3 124 5/32
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