30 year US Bonds Day trading strategy

The 30-Year US Bonds, ZB contract, trading in the middle of its price wedge, at the lows of the range from Tuesday and in the middle of the major trading range over the passed 30 days.  we want to sell the highs, avoid the middle, and buy the lows of the trading ranges so this is clearlky a higher risk area to be trading.

US Bonds Day Trading Strategy

The 21-range chart on the US Bonds ZB shows us the details we need to execute our day trading strategy.  We want to buy the PLOD first and then sell a retracement below the PLOD 141’27.  we then will take profit at the wedge lows and the major support starting at 140’25 all the way down to the 139’15, then sell below the major support level of 139’15.

If price moves higher off the PLOD I will buy a pullback trying to re-test the PHOD at 143’15.  Take profit at the PHOD and then look for a fake-out breakout before buying a pullback looking to move price up to the wedge highs of 144’29.

Sell the wedge highs and the major resistance overhead as price moves higher, looking to buy pullbacks when the resistance turns into support.