Today we discuss a trade setup from this mornings Futures Live Trading Room over at Base Camp Trading. We had a breakout in 30 Year Bonds (ZB, US) to the downside coming out of a 30 minute channel. This is a setup we watch for every morning looking for a breakout...
Market has been in consolidation today between 2800 and 2790 most of the morning. It’s likely that it’s waiting for the conclusion of the FOMC Chairman’s testimony in front of Congress tomorrow. Or it could be waiting for news regarding a US-China...
Today we saw the energy markets (CL, RBOB, HO) take a nose dive after a support break. However, we saw a much larger than normal breakdown because this was fueled by President Trump sending out a Tweet regarding Crude Oil (CL) prices being too high. It is important to...
Today we discuss how 30 Year Bonds (ZB, US) bounced off a well defined support level from yesterday’s breakdown and why that support was significant. We also talk about how we used a reversal doji to determine there was a higher probability of a bounce coming...
This morning we had a textbook bearish setup in 30 Year Bond Futures (US, ZB) we had a compression breakout through well defined support following by a 30 minute bear flag. Many traders in the futures live trading room at Base Camp Trading were able to take advantage...
