0737 CST It looks like we may get another buying opportunity soon. Take profit on some and buy again, and again, and again, and again.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Bond Trader 2006
- Thread starter johnpinochet
- Start date
- Status
- Not open for further replies.
0741 You should have taken profit on some or all anywhere around 114 05. Now at 114 01 you would look to enter small again so as not to miss a run for 114 11, and you would buy even more if we kissed 113 25 to 113 30.
It is possible that we could have a collapse all the way back to test 112 22 but that is wishful thinking. I had an epiphany yesterday when we kissed 112 26. It was sort of a end of the movie "Matrix" moment. I realized that when we couldn't get near 112 26 and the market reversed course around 0900 CST that we were going higher, significantly.
In any event, even if we never reach 115 or 115 19, it doesn't matter for me. I've made more than my usual daily amount on yesterday's observation and today's call.
In any event, even if we never reach 115 or 115 19, it doesn't matter for me. I've made more than my usual daily amount on yesterday's observation and today's call.
0749 CST Bought 1 ZB 114 01 and 2 ZN 108 275.
I'm still holding 1 ZB at 113 30. I'm going out on a limb here, and I'll hold the above as low as 113 24 to 113 26. I believe in the trade that much.
Keep in mind that this belief in the past has led to egg on my face. Usually I would exit with no more than a 4 tick loss.
Obiously a re-test of the high established at 0739 at 114 07 and a failure to go higher will led me to close everything and stand aside for a better buy around 0900 CST or so.
Per earlier post initial target is 114 11. I haven't had time to run my numbers this morning due to not wanting to miss my report trade so there could be other levels above to look for.
I'm still holding 1 ZB at 113 30. I'm going out on a limb here, and I'll hold the above as low as 113 24 to 113 26. I believe in the trade that much.
Keep in mind that this belief in the past has led to egg on my face. Usually I would exit with no more than a 4 tick loss.
Obiously a re-test of the high established at 0739 at 114 07 and a failure to go higher will led me to close everything and stand aside for a better buy around 0900 CST or so.
Per earlier post initial target is 114 11. I haven't had time to run my numbers this morning due to not wanting to miss my report trade so there could be other levels above to look for.
Darn, I missed out on an excellent YM short at 12130.
0802 CST Kissing 114 04 and now coming back down to my second trade entry of 114 01 is never a good sign.
I may take a small 1 or 2 tick profit on the new and exit the old and simply stand aside for awhile. I won't be able to post my exit due to time constraints.
OK out of everything. Second trade was roughly break even.
Now simply waiting for an even better price entry.
I may take a small 1 or 2 tick profit on the new and exit the old and simply stand aside for awhile. I won't be able to post my exit due to time constraints.
OK out of everything. Second trade was roughly break even.
Now simply waiting for an even better price entry.
0811 CST Neural network gave a buy. I'm in at 114 01. The lack of follow through spooked me so I'll stick with 2 ZB's for now. My compromise for size limit is setting my stop at 113 24.
Looking for a break above 114 04 followed by 114 07. No break then I'm out and may call it a day. In any event, it has been an excellent day.
Looking for a break above 114 04 followed by 114 07. No break then I'm out and may call it a day. In any event, it has been an excellent day.
Took a 1 tick loss on each lot. Lack of follow through to upside is bothering me.
May call it a day. Bottom line, if I had the time, I would look to buy at my stop posted above.
0900 CST Consumer Confidence and Home sales reports coming up. This could be a setup for the reports.
I may stick around to see what happens.
May call it a day. Bottom line, if I had the time, I would look to buy at my stop posted above.
0900 CST Consumer Confidence and Home sales reports coming up. This could be a setup for the reports.
I may stick around to see what happens.
OK, very interesting day.
I haven't done anything since my last post. As it is late for me I think I'll take my 8 tick profit and call it a day. 113 24 to 113 26 looks like a buying opportunity, but I don't have time to watch.
I haven't done anything since my last post. As it is late for me I think I'll take my 8 tick profit and call it a day. 113 24 to 113 26 looks like a buying opportunity, but I don't have time to watch.
Quote from johnpinochet:
0802 CST Kissing 114 04 and now coming back down to my second trade entry of 114 01 is never a good sign.
I may take a small 1 or 2 tick profit on the new and exit the old and simply stand aside for awhile. I won't be able to post my exit due to time constraints.
OK out of everything. Second trade was roughly break even.
Now simply waiting for an even better price entry.
This is a very important point. Forget the above lesson at your peril. Anytime you enter a trade, and price goes in your direction 3 - 6 ticks and comes back to your entry....GET OUT and stand aside.
- Status
- Not open for further replies.