Thanks. Between my two possible buy points, 116 190 and 116 130, obviously 116 130 is the more conservative of the two. I might scalp here and there between 116 195 and 116 250.
To anyone following along, scalping, and the first time approach only trades posted pre-market are two completely different methods of trading.
0911 EST 117 040 is a major WGSR. I'm calling it a main target for a trade initiated between 116 195 and 116 250.
well i am finished (no trades) - gonna watch my kids at soccer camp. since i am not going to be at the screen - it means something BIG IS DEFINITELY GONNA HAPPEN - so be alert.
John - Your strategy of entering after the first retrace on a news release would have worked great this morning at the GDP news at 8:30. I will remember that for future news releases.
0918 hrs All indications on what I watch are that we will get up to a minimum of 117 040, maybe even higher. Based on the 040 assumption and the '000' play book, I'm telling you there will be multiple trades to engage in up through 1200 hrs EST. I won't be able to post. Time permitting I'll post a chart at some point.
0934 EST A very conservative example of how to make money day in and day out in the 10 year futures. Yes, I completely missed the spike up move on the first few 5 min bars post 0830 EST report. So what.
0939 EST I may call it a day, not sure. My assessment regarding 117 040 as an upside target for this cat and mouse game now at 116 240 still stands. If we go all the way down to 116 160 or 116 130, then obviously it will be much harder to get back up there. As long as we stay up in this area for now, dipping perhaps no further than 116 190, I would say any attempts at the day's high should be jumped on. In conclusion that is it for me for today. Really nothing further to add other than it is very early in the day on a Friday and I do believe there are more moves on the way, to include a return to test the high.