10 Year T Note Futures long scenario

We do not need to pay attention to any fundamental analysis, I just wanted to share with you something that I recently read in Barchart.

10-year T-note futures prices are moving higher after the International Monetary Fund (IMF) predicted the “Great Lockdown” will push the global economy this year into its deepest recession since the Great Depression. Slack U.S. price pressures also gave T-notes a boost today.

10 Year T Note price analysis

Well, what is the 10-Year T-Note Futures forecast based on supply and demand imbalances? Can we use a supply and demand strategy to trade 10 year T-Note futures as well? Of course we can. A few months ago we called a strong weekly imbalance created last July 2019 around 12729 price area. It two a few months but 10-Year T-Note Futures finally retraced to that imbalance last December 2019. Please see 10-Year T-Note Futures technical analysis below.

10-Year T-Note Futures continued to rally higher as forecasted in Set and Forget’s trading community analysis. 10-Year T-Note Futures broke all time high again and ended up forming a strong imbalance on the weekly timeframe around 13127 price level. It tried to retrace to that imbalance last 16th March 2020 but it fell short of it and continued rallying.

The fact that we see a huge imbalance on a price chart does not mean that price will always retrace to it or that when it does it will still be a valid trade. We must put 10-Year T-Note Futures forecast into context and make a trading decision based on a multiple timeframe analysis.

10 year T Note Futures price action analysis

This is the kind of price action technical analysis you will learn in our trading community. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances.

Trading supply and demand imbalances on Futures is ideal for beginners and those with a full or half time job, you won’t need to stay in front of the computer all day long trying to move price action with your mind. 

10 year T note supply and demand imbalances

As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why is it that you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances gaining control.

Unless you are doing very short term trading and scalping, you should not worry about fundamentals or earnings announcements on Futures.

You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen and wait for price to pullback or dip into the price levels we want to trade, in our case these price levels are made of supply and demand imbalances.

If you want to learn how to trade using our supply and demand trading strategy, join our supply and demand Futures trading course.