Bond Trader 2006

Status
Not open for further replies.
Bought 4 ZN 104 145 0742
Bought 2 ZB 106 02 0744

Tried to get out on the ZB's at 105 31, didn't hit, raised and raised until successful at 106 02

More downside possible. A lot of weakness seen with my indicators.
 
To give you an idea of why paper trading sucks, the previous trade I just did, if a person were paper trading they would have said that they got out at 105 31 on all contracts.

In the real world it doesn't work like that. In the real world it works as I have just shown you.

In the real world a potential 600 - 800 dollar trade becomes a 350 dollar trade.
 
We've hit 105 29 which is 1 tick off of my profit target (a price projection number published last week) of 105 28.

105 26 and 105 24 are also potential numbers but not as important as 105 28.
 
Quote from luckyhonda:

At this point, will you be contemplating to go long?
More...

If a person were inclined to go against the trend, a long here with less than normal size might be in order. Stop at 105 27 to be safe. By here, as it is 0759, I mean 105 29 to 105 31. Personally, I'm going to wait for another short.
 
Here's an interesting question and food for thought. Looking at this morning's 5 minute chart, which would you rather know:

a. 0720 is an important cycle time.
b. 0730 is an important cycle time.

For me, the answer would be 0730. The reason for this, is that price activity prior to 0720 told you nothing of what to expect after 0720. However, price activity between 0720 and 0730 gave you some indication that a sell from the pullback would be in order.
 
Quote from luckyhonda:

Can you share how you derive the time cycle?

Thanks,
luc
More...

Do some reading on pyrapoint. It is pretty cool. Note that there is a lot of discretion in selecting previous highs and lows in order to construct your chart.

I also use my NN cycle indicator to show cycles as well as confirm what pyrapoint may tell me.

Note that pyrapoint is very subjective, and some (maybe a lot) of people will say it doesn't work.
 
Status
Not open for further replies.
Back
Top