The threat of higher interest rates because of the better than expected U.S. Retail Sales Report, helped knock the stock index futures off their highs.

As mentioned earlier in this article, before attempting to trade the Japanese Yen futures contract, the trader must decide whether to follow the trend or create a system based on support/resistance.

According to W.D. Gann, time had the strongest influence on the market because when time is up, the trend changes. Pattern, Price and Time Theory in keeping with Gann’s observation, uses swing charts, anniversary dates, cycles, and the square of price to measure time.

The keys to mastering the 10-Year Treasury Note futures market are understanding the relationship between pattern, price and time. Each element is important in the development of a trading plan, but one should not dominate over another.

As mentioned earlier in this article, before attempting to trade the 10-Year Treasury Note futures contract, the trader must decide whether to follow the trend or create a system based on support/resistance. Studying patterns and price action of the 10-Year Treasury Note will help the trader make this decision.