Bond Futures

Quote from chessman:

Although I trade tnotes, same chart pattern.

I probably went short much later than most of you, short from near Wednesday close. Got out 1/2 position Friday.

For the rest I am moving my stop to break even, in USU it would be 118'28. I think its good to give this mkt some room.

If it closes back above 118, not sure what to make of the head n' shoulders break?
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1/2 way backs are 11820 and 11807. Look for these levels before Unemployment Thursday.
 
Reverse position in US bonds. Stopped out of my short at 117'16.

Initiated a new long position at 117'24. Bonds are in an uptrend from the 116'16 lows since Friday.
 
Quote from spreadem:

Reverse position in US bonds. Stopped out of my short at 117'16.

Initiated a new long position at 117'24. Bonds are in an uptrend from the 116'16 lows since Friday.
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I am still short 1/2 a position. Looking to exit here around 117 USU.

What made you go long spreadem?
 
What made you go long spreadem?
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Honestly, I just got caught looking at the money. Watching my profits erode got the best of me. I had been expecting the market to run up to the 118 level (neckline), so I got long for a couple of minutes (points). My long trade was a based on a discretionary breakout up signal.

After catching a couple of points in the sept bonds on the long side, I'll sit back and watch. We're in no man's land between 116'24 and 118. I can't tell what the market's doing until it goes below 116'24 or above 118.
 
Quote from spreadem:

Honestly, I just got caught looking at the money. Watching my profits erode got the best of me.
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You're defeating the purpose of trading the Bonds.

When they finally decide to change directions they tend to stay decided.

Plus, it always helps to hide your P/L blotter from yourself during the trading day. :)

Regards,
Dr. Zhivodka
 
Quote from spreadem:

Reverse position in US bonds. Stopped out of my short at 117'16.

Initiated a new long position at 117'24. Bonds are in an uptrend from the 116'16 lows since Friday.
More...

You showed your hand today spreadem. You watched the USU rally 1 1/2 points from its Friday low and then you reversed your position at the top. Today the S & P's went to 1/2 way back at 962.60 and the Eurodollars met their 1/2 way backs. You are supposed to be going short for a quick scalp. Instead you have been scalped. That is a true ROOKIE MISTAKE. This game is about doing your homework. MAKING THE MONEY IS THE EASY PART. KEEPING IT IS THE GAME.
 
Quote from Dr. Zhivodka:



Plus, it always helps to hide your P/L blotter from yourself during the trading day. :)

Regards,
Dr. Zhivodka
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Dr. Zhivodka, There is a lot of wisdom in that statement. I kept a Journal for a while and one on things I noticed , I spend about 1/2 my time looking at the P/L. The eyes just find their way to that corner of the screen.

I think I need to muster enough courage to hide that section.
 
Quote from Point Man:



You are supposed to be going short for a quick scalp. Instead you have been scalped. That is a true ROOKIE MISTAKE. This game is about doing your homework. MAKING THE MONEY IS THE EASY PART. KEEPING IT IS THE GAME.
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Point man, I think you miss the 'point' of this Bond thread.

Unlike you who is trying to market his powerpoint website, I don't believe most members post their trades to compete against each other, our goal is to share and support each other in this difficult business of trading. Thanks
 
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