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We have another NR7 day today. The potential for greater volatility
exists.
Bonds close an hour early tomorrow. . . which generally means a
trading day with reduced liquidity. . . which, for day-traders at
least, generally means a greater chance of being whipsawed. As the
police sergeant always used to say in "Hill Street Blues, "Be careful
out there!"
Again, this is an automated print-out created in TS to provide a
"heads-up" for tomorrow's trading in the bond market (Friday,2/12).
Although it should be obvious to most, these 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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990211
TODAY IS AN NR4 DAY!
TODAY IS ALSO AN NR7 DAY - GREATER POTENTIAL TO MOVE!
If during the day tomorrow yesterday's high of 124-28 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
124-11 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.**
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 13/32
R2 125 6/32
R1 124 30/32
DP 124 21/32
S1 124 13/32
S2 124 4/32
S3 123 28/32
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