Bond Trader 2006

[sharp10]

Lance,
would you go long at 28-26?
Thanks

 

[Lance Carson]

Notice that the breakout from 110-29 to 111-00 a three ticks move did not reach 2500 volume so that is why there is no follow thru higher than 111-00

 

[sharp10]

Lance,
can you tell me why 2500?
THanks.

 

[BlueHorseshoe]

Lot of spoofing aka the flipper in notes/bonds, esp. when volume thins out late on a Friday.

She'll fade ... if not today then early Monday.

 

[Lance Carson]

Quote from sharp10:

Lance,
would you go long at 28-26?
Thanks

No, I would wait to see what kind of formation is doing in the next hour keeping in mind that it needs to test that 111-00 more than 110-28 to go higher, otherwise is an even match AGAIN between the BULLS and BEARS

 

[sharp10]

Thanks

 

[Lance Carson]

This is a very weak trend and is not getting any help from the Equities which are probably doing new highs. When that happens it is better to NOT be long due to the flight to quality
( to Equities) affecting the trade.

 

[illiquid]

Do bond traders key off the dollar much for intraday time frame?

 

[Lance Carson]

Quote from illiquid:

Do bond traders key off the dollar much for intraday time frame?

Only when is breaking key Support and Resistance levels on the Dollar Weekly chart. ( my observation )

 

[Lance Carson]

Looks like the bears are winning 2 to 1 with two mre sets to go.