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So, anyone have any thoughts on holding bond shorts over the weekend? I'd like to but per my earlier post this week has not been kind to shorting.

1114 CST I may short again here at 116 15 for the trip down to 116 05, but I'm not sure. Buying/Selling breaks through S/R especially late in the game don't always work.

OK, now that is more like it. I got back in short (1042 CST) at 116 22, 116 21 and 116 20. I was able to get 116 155 and 116 145 on my exit around 1100 CST. Not quite as good as my earlier trade that I flubbed. That was close to a 16 tick trade on a single lot! Emphasis on was.

116 11 followed by 116 05 are the next targets. After that, learning from our earlier mistake it gets dangerous to hold too much size or initiate additional shorts. Sure we could go down another point, but let's stick with reality.

I'm looking at the 1 min, 3 min, and 5 min chart of the ZB. We had a classic waterfall downward pattern. Approximately 1 full point in the ZB. You couldn't ask for a better move.

Out for small loss. I'm following the ES as well, and the way the ES chart looks (scary) I think even though my analysis leads me to believe bonds should drop 2 - 4 points over the course of a few weeks, I think it is best to stay out or lean towards a long bias in the bonds. Confusing? Yes.

Just an FYI. I can't post real time, but I am short again at 116 29. My target is 116 16 - 116 19. I'll bail if we show strength above 117 01 - 117 03.

Very important numbers that I have for today: 117 16 117 01 116 24 116 16 My thoughts are that if 117 01 holds as resistance we may test the lows again. This market has been very chaotic for me the last couple of days as my bias has been big time short. Today everything lined up and I...

Thanks. I was sitting on roughly a 2000 USD profit. I nearly gave all of it back. The stops and the stop limit order on IB don't always work.

Anyone know what this 16 tick run up in the bonds was all about at around 0925 CST? As a rule I don't watch the news.

Has any more work been done on the Word document summary of the AHG method as detailed here: http://www.elitetrader.com/vb/showthread.php?s=&threadid=111667&perpage=6&pagenumber=1 Or is there another summary located somewhere, under a different name? TIA, JP

The above question is very easy to answer. Study measured moves and study your own history of trading to determine what a standard move in your direction almost always hits. Once that move has occurred you should have a break even stop in place. For me with the ZB it is 4 - 6 ticks in my...

DRYS closed at 91.41 on the date of the above post. DRYS closed today at 71.33. Good call!

Look at the chart during previous earnings reports. DRYS did the same thing last quarter, but only in a bigger way. Due diligence man, due diligence.

i'm not sure, hence the post, but if I am reading the above right, you saw this woman roughly a minimum of once a month all for a 3000 / month retainer. Having lived in Chile, Argentina and Panama, I must say that you got taken for a ride. Sure it may have been pleasant, but for that kind of...

I'm sure someone has addressed the above statement but I'm just reading through now and had to reply to this. Trading isn't like any other business. Based on the above quote from you, I would urge you to seriously consider NOT trading. With trading you are almost guaranteed to lose it all...

Jayford, MandelbrotSet, You know the old saying about leading a horse to water? Let's not give away the farm now gentleman! Regards, JP

Speaking as just a normal retail trader without any inside knowledge or connections, i.e. no secret handshake deals to get the news the day before like we all know happens, I am of the opinion that you really don't need the news. Keep in mind that I have traded right as the major 0730 CST...

Very interesting take on things, dentist and pnf. Thanks for the input.

byzantium, Thanks for the info. I've been looking into the Asian markets for years. I just haven't gotten around to setting up charts and studying them in great detail.