Recap of my trade for todaygood evening and good afternoon american traders, at the morning I posted to sell natural gas and after few candles it turned out to be bullish, I took that whole up trend and I didn't post it since people I give signals to privately didn't like it to be shared, I kept it for us and we touched some good profits for today on NATURALGAS and CRUDE OIL, for the one I posted abou ZB we closed with some minor losses.
Well, on the chart you can notice I drawn some supps and resists, those came from a tool I can't share with the public since it's one of the most important things I follow on my strategy. The 1st arrow on the left signifies the point we got in as sellers after pulling back on the resistance line and getting the confirmation with the red candle, the 2nd one was the point we reversed our position to catch the up trend after having the squeeze configuration and the pullback on the support line. The 3rd arrow signifies the moment we added the 2nd contract and the last one is where we closed after having the squeeze again and the pulling back on the resistance line.
You can notice that I don't use TP since you get small profits while you can make big ones.
In case you got any question don't hestate to ask and I'll be answering with pleasure
Zb1
Zb1In the context of futures markets, "ZB" typically refers to the ticker symbol for the 30-Year U.S. Treasury Bond futures contract traded on the Chicago Board of Trade (CBOT). The contract is based on a notional, or face, value of $100,000, and it is settled in cash. The contract is used by traders and investors to speculate on and hedge against changes in the value of long-term U.S. Treasury bonds, which are issued by the U.S. Department of the Treasury and are backed by the full faith and credit of the U.S. government.
Futures contracts are financial instruments that allow traders and investors to buy or sell an asset at a predetermined price on a specific date in the future. They are traded on organized exchanges, such as the CBOT, and are subject to standard terms and conditions that are set by the exchange. The value of a futures contract is determined by the underlying asset, which in this case is the 30-Year U.S. Treasury Bond. The price of the futures contract is influenced by a variety of factors, including changes in interest rates, economic conditions, and market demand for the bond.
2008 LEVEL ARE CLOSE - COULD IT BREAK IT - WAIT - ZB1! - WEEKLY30 years US Dollar Future could be going back to its 2008 level.
Potential probability exists to see it going even lower.
Market price have failed to break its 2020 down trending resistance.
The potential historical resistance, illustrated with the horizontal upper line, shows that the market have tried to go in the long direction but have failed several times.
The recent acceleration of the price sinking have possibly revealed a waiting zone pictured by the rectangle.
It can be a potentially perfect zone to enter long but here the fundamental analysis need to be thoroughly done.
For the time being, this idea will flag it as being bearing until the 2008 level is touched.
At the 2008 level, potential pullback up could be interesting.
See previous analysis on the ZB1!, linked to this idea, pretty interesting!
T-BOND FUTURESBreaking the strongest order area, which is a very strong support area and coming down to the strongest bottom points, which is also a request area, knowing that he broke it and coming down hard right now, he's going to re-test the region and then we're going to get a very strong direction.