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Food for thought. A couple of days ago I mentioned that ZN was approaching 8 consecutive up days. Well my good friend over at Tbondtrader dot com (who doesn't know I'm his good friend) pointed out the following: And to update a pattern I mentioned on Friday, should the 10's make a new...

demo accounts use simulated (demo) data.

want some hints? BANG!

ground hog day? buy virgin @ 119'015

BANG! BANG! Lets do it!

BANG! BANG! :p

I'm a little late today but it's ok as traders didn't like the employment figures and took ZN higher into new contract highs. Yesterday did unearth a new virgin - so... Buy virgin @ 119'015

not necessarily true - I specifically look for large bars on low volume. it shows little punks like me doing all the buying/selling. Any player with real volume will immediately crush a low volume bar.

CME FX Futures.

no trades this week?

When I'm not taking advantage of innocent young virgins I still need to collect nickels and dimes. In order to stay disciplined with my virgin strategy and still make a few bucks without risking a whole lot (a theme with me), I switch from treasuries to CME FX futures. I used to trade via FX...

well... i guess i can take solace in that i could "feel" that today was going to have fireworks. Strong buying breaks through the contract high and sets new contract highs. No virgins up there in uncharted territory. The only real opportunity was a pullback to the 21EMA at 11:30 am CST right...

Ok - todays advice: STAY OUT!

Pending Home Sales is the most bogus market moving news ever announced. What is the value of "pending" data? I am going to start publishing my PENDING PROFITS, which are up 700% over last months figures which had to be revised down by 225%.

If you are shorting treasuries for any significant time you are going head to head with Bill Gross. Please let me know how that works out.

Lots of news this morning. I usually wait at least 15 minutes after the last major news release before forming any bias for direction. Will be back shortly.

I forgot the 'BANG" at the end of this post. BANG!

118'165 was not only the high of the past 20 days but also the high of the last 40 days. Had I been paying attention I would have loaded up with more contracts. If that area can hold tomorrow expect a nice selloff. Should be interesting - especially since tomorrow will be the 8th session for...

'the market can stay irrational longer than you can stay solvent' — John Keynes

Maybe I should start including x day high's as virgins. Yesterday 118'10 was the high of 10 sessions. Today 118'165 was the high of the past 20 sessions. Price action was almost identical at both price points. Grabbing the low hanging fruit is easy pickins if your not greedy.