Sure, but the meeting this week is holding us back either way.
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Bond Trader 2006
- Thread starter johnpinochet
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Sure, but the meeting this week is holding us back either way.
I went ahead and used my same stop from yesterday, 105 25. Got stopped out just prior to the report.
All positions are closed. Waiting for now.
All positions are closed. Waiting for now.
0938 Long 4 ZB 105 31 with stop at 105 27.
Target is at least 106 03.
105 28 is an important number for support now.
105 28 is an important number for support now.
May get stopped out.
Just did a quick glance at yesterday's chart. If you recall, yesterday, for the short ZB trade at 105 19, I had a limit buy at 105 13. I reported in an earlier post that the market never went lower than 105 15. Looking again, I see it kissed 105 14 twice at 1440 and 1445.
In any event, the trade itself was not a bad trade, other than the entry wasn't ideal. What was bad about the trade?
It was entered realizing that the entry wasn't ideal, hence the idea must be to get out with a quick profit. See my post to confirm this observation.
Bottom line, 105 13 was optimistic. Knowing that at 1000 we kissed 105 17, I should have placed the order for somewhere between 105 17 and 105 15. The rationale being that we would at least touch 105 17 one more time during the trading day, and probably have a greater chance of going through that 1 - 2 ticks rather than 4 - 5.
In any event, the trade itself was not a bad trade, other than the entry wasn't ideal. What was bad about the trade?
It was entered realizing that the entry wasn't ideal, hence the idea must be to get out with a quick profit. See my post to confirm this observation.
Bottom line, 105 13 was optimistic. Knowing that at 1000 we kissed 105 17, I should have placed the order for somewhere between 105 17 and 105 15. The rationale being that we would at least touch 105 17 one more time during the trading day, and probably have a greater chance of going through that 1 - 2 ticks rather than 4 - 5.
Still long 4 ZB's.
I would have loved to add to my position at 1000 CST, but given the past 2 trades I'm cautious.
Look to take some profits at 106 03 or so.
Obviously a failure to break 106 00 and a return to 105 26 or so would be bad.
1037 CST Very very poor follow through at 106 00. ZN's don't look good either.
I would have loved to add to my position at 1000 CST, but given the past 2 trades I'm cautious.
Look to take some profits at 106 03 or so.
Obviously a failure to break 106 00 and a return to 105 26 or so would be bad.
1037 CST Very very poor follow through at 106 00. ZN's don't look good either.
Looking to close and go short....
1050 CST Closed 4 and Sold 4 ZB at 105 30.
Rationale: 2nd attempt at 106 00 failed. Divergence on 5 minute indicators on ZB, divergence on 5 minute indicators on ZN. Neural network cycle indicator negative on 5 min. Neural network RVI negative on 5 min.
1050 CST Closed 4 and Sold 4 ZB at 105 30.
Rationale: 2nd attempt at 106 00 failed. Divergence on 5 minute indicators on ZB, divergence on 5 minute indicators on ZN. Neural network cycle indicator negative on 5 min. Neural network RVI negative on 5 min.
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