Bond Trader 2006

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Thanks Lance!

I have learned to wait for the right spot then jam on the wrong trade. Sticking to my guns ovah here, just made some really good Dominican Coffee.

el surdo
 
Tough battle between bulls and bears here, BULS wining in the ZN and even match in the ZB
 
Quote from illiquid:

Why so bearish here?
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From my post earlier this a.m. here:

In my (recent) experience the 10-yr exhibits strength heading into expiration of the near-month futures contract, and then leans toward weakness immediate after roll to next nearest contract. (Look at a chart of 10-yr over the past 2-3 years - this will be apparent enough to you.)

Moreover, given all the talk of 'record' long interest, it suggests to me that the near-term path of least resistance is most likely down.

That is a very generalized statement. But Sep is expiring shortly and the chart suggests we are due for a near-term bout of weakness. I'm leaning short over the next couple of weeks - of course my positions/inclinations change over time as the market speaks.

Blue will be looking to sell strength on Friday.
 
0834 Obviously I'm out of my quick trade 8 ZB's.

I've gone short 5 ZB's at 110 24 in anticipation of a break to the downside. Same rules apply.

Tapering down on size as obviously I don't have "it" today.

UPDATE
0838 CST
ZN's actually look like a buy here. ZB's look weak.

UPDATE
0841 CST
Still short the 5 ZB's. I've placed a stop at 110 30. I need to walk away for awhile.
110 30 is actually a dangerous place for a stop, and I'll get out before then if we start kissing 110 28 with conviction.

Let's see, awhile back someone asked about market manipulation. Ah, never mind. Whether it exists or not it really shouldn't matter.
 
0848 CST Here we go. Once again for the nth time in a row. Do we break 110 23?

0827 CST Out at 110 27.

Bought 8 ZN's 107 070 too quick to post. Got to go.
 
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