Bond Trader 2006

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.

 

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.

 

Thanks for the explanation

 

By the way I went short on 110-29 target is 110-00, sometime next week.

 

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.

 

The reaction to today's data CPI was very weak and the upcoming meeting is going to be ignore by the market.

 

Waiting for a break of 110-23

 

As expected prices broke key intraday support on higher volume.We are going down, gentlemen.