Bond Trader 2006

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Sold 8 ZN's 107 065...

By the way, I'm trading the December contract, just in case anyone is unfamiliar with ZB's and ZN's.

Looking to get out quick on the ZN's.

I've achieved my goals on the ZB's and I'm looking to get out of most of the ZB's. Waiting for the break of the low. No break = exit quickly.

UPDATE 0759: Just broke the lows. Missed my quick in and out on the ZN's. This is why I no longer post here.

Looking to get out on the ZN's ASAP.
 
If no re-test of lows, exit all remaining postions. Call it a day. 10 ticks per contract on first set, and 6 ticks per contract on second set. Third trade break even.
 
This is pretty much an outlier day for me. I fired on all cylinders on the first trade of the day, and I'm up over 1,000 USD.

I'm giving serious thought to calling it a day.

I didn't get a chance to post my market commentary prior to the open, but I was going to remark that today is what I call a redemption day. It covers over all your sins (bad calls) from the month. Not that I needed financial redemption today. I've been doing very well on my break from elitetrader.com. You get the point though.
 
Quote from Bernard111:

Compliments to be able to post during nonfarm payrolls time...:eek:
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Thanks!

I'll go through the journal later today or this weekend and see if I've missed any questions.

I may come back once in a while to make a guest appearance, especially on days like today. One of my observations these last two years is that there are certain key days of each month that result in extraordinary profit. Today was such a day. You could almost only trade those days as you usually will know them in advance, i.e. the huge report days where everyone has been building up expectations.
 
The change from the Sept to the Dec contract has totally messed with my spidey sense. All of the key S/R numbers I've mentally made a note of are off. That is another reason not to trade.
 
By the way, my nemesis this year has been what I call a "V" day. I'm always able to trade the right side of the "V" with no problems. The left side back up to the previous highs and then higher has been my downfall.

Today would be ripe for a "V" day, wouldn't it?

Points to consider:

It is the end of the month. All kinds of portfolio maneuvering could be going on.

Everything that user mcurto has said this week.
 
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