Search results

Heading Into A Holiday Weekend F2 Comments: Market was on hold until the 5Y auction was out of the way. The auction was apparently a good one given the strong close and rally from 118-08/14. Tomorrow is the end of the month. Very little incentive to be a seller of Bonds tomorrow. Tomorrow’s...

15 Minutes Of Hard Work Today After the 8:30am news the Bond sold off sharply. The breakout from the overnight range trade was an easy winner. As you'll remember, the way to play this trade is to place a buy or sell stop 1 tick above and below the overnight range at about 8:15am eastern...

Start With An Idea For 8/27 F2 Comments: A consolidation day after Monday’s sharp rally, if you had to describe the market in one word. Support at 118-08 held as did resistance at 118-24/28. The close at 118-20/21 favored the high side. The volume done during the day favored the sell side...

Set-ups For Tuesday 8/26 F2 Comments: Whoa…what a day. The market exploded to the upside post option expiration day, a most unusual occurrence. Normally, post option expiration day is quiet. The volume on the rally was light. Someone wanted to get long and paid up too. The buying dried up...

A Breakout Trade Revisited The breakout from the overnight range trade is one I have been keeping stats on for the last three weeks. At present, it is a 70% trade risking 4 ticks to make 4 ticks. Entry is 1 tick above or below the overnight range. Those with plenty of patience can play for...

Options Expiration Friday F2 Comments: Options expiration favors a close between 117-00 and 118-00. Sellers were in the market early and the sellers hit the bids at 118-04/08 shortly after the opening. The selling didn’t stop until 117-105 was touched. Thereafter it was a range trade...

Entering/Sticking With A Slow Summer Rally Today, it took an hour for the market to trade down from 118.07 to 117.105. That's almost a $900 move per contract traded. But what if you missed the start of the move? How do you enter? I'm sure everyone has had the experience of jumping in and...

Wed Recap And An Idea To Start Thursday F2 Comments: Another dead day in the financials. Not much going on. The market is at a level that needs to be taken out or some long liquidation is likely. Tomorrow’s news could influence the trading , but option’s expiration is likely to be the...

Recognizing Volume Exhaustion The volume exhaustion trade occurs with regularity, even in slow markets like we are experiencing this week. The key elements are: 1. The volume exhaustion bar is wider than any of the other bars around it. 2. There is no continuation. This qualification...

Volume Exhaustion By The Numbers After the market decided that inflation was bad for both the Bonds and the ES, they both began selling. At the first retest of the low there was heavy selling, as shown by the bright red bars, but no follow-through. In fact, the market came into balance...

Pullback After News Release Bernard111 is correct. The pullback trade did not work today. The difference today from the trade that did work the last two days was the volume - specifically the location of the mode (the level with the greatest traded volume). Today, the mode remained high in...

Range Question The range Charles is referring to is the range that will occur after the news announcement. He is describing our basic set-back trade. After the market reacts to the news announcement, we wait for the first set-back of 6 to 12 ticks to enter in the direction the market moved...

Charles Cochran's Comments from 8/18/08 F2 Comments: A very slow day higher. The Bond was supported by Friday’s buying, a weak ES and crude’s price falling, when Fay’s course was plotted East of the energy production in the Gulf. The close was strong. The market is pointed higher with...

Slow Summer Trading Monday August 18th offered only limited high probability opportunities for entry. I could take the verbiage from the previous post and copy it here, for the trade is the same. Heck, even the indicators are the same. So what does this mean to you? It means that this...

A Different Look At A Basic Trade Friday morning again offered the opportunity to take the basic "news day" trade. As you'll remember, the trade works like this - see the reaction to the news announcement, wait for the first pullback of 6 to 12 ticks, and enter the trade in the direction the...

Looking For An Early Buy On Friday F2 Comments: Another up day in the Bond with a positive close. The market is pointed higher w/some help from the news, and perhaps the ES. While both markets did trade higher today, this is an anomaly, given the recent history. There is also a seasonal bias...

Sell After CPI Yes I did, Bernard111. And I was fortunate to get out with a 1 tick profit. I have my trading program set to move my stop from 4 ticks to B/E+1 once the market gives me 3 ticks profit. The rest of the day was much more profitable.

Here's How It Worked Today Bernard111 The breakout from the overnight range occurred at 116.015 in y period. It moved up and actually traded 116.055, but with no fill. Personally I chickened out and took 3 ticks when the market stalled. The market then pulled back to 115.30, 3 1/2 ticks...

Resopnse to Bernard111 By 0 ticks MAE I mean that once filled, your position was never negative. In this case, the fill was, I believe, 116.14. Your profit objective of 4 ticks was filled before there was any pullback which could have threatened a loss. There was a pullback from 116.10 to...

Recognizing A Trend Day After a slow start, not unusual for a Monday in summer, the market got moving in A period (8 to 8:30am EST). The breakout from the overnight range trade worked with a 0 MAE. This was the first clue that a trend day could be developing. Technically, a trend day is...