Bond Trader 2006
- Thread starter johnpinochet
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Took a 2 tick loss on the ZB's. Exited the ZN's with a profit. The ZN trade should have been my trade of the day. It was a no brainer.
I'm still looking to go long and will not short at all for now.
I'm still looking to go long and will not short at all for now.
Correction:
The State Street Investor Confidence Index is released at 0900 CST not 1000 CST as I posted earlier.
The State Street Investor Confidence Index is released at 0900 CST not 1000 CST as I posted earlier.
Yeah, I know, but I posted 1000 CST by mistake.
0838 CST Long 8 ZN's for the ride back up. 107 065.
The long bond normally maximizing move about $1000, which is about there.
The 2 min macd plus and minus zero line was proposed by one trader for the minis but works in all markets and should be attended to. Of course, in consolidation you will be chopped up, lol
The 2 min macd plus and minus zero line was proposed by one trader for the minis but works in all markets and should be attended to. Of course, in consolidation you will be chopped up, lol
bought 2 zb 110 24/32 and 1 110 22/32, sold at 26/32 RIGHT before that spike up a few minutes ago.
thought I'd be clever and speculate before the PPI and sold 1 ZB at 110 09/32, considering every other single report has resulted in a selloff. ha! covered with market order 110 21/32. am down $138 for the day and I think I missed the boat.
I'm learning the errors of my ways - at least I didn't speculate with 3 contracts.
ps. put a limit order in for buy 3 27/32. bad move? will this merely pick up the fade? are we done for today?
thought I'd be clever and speculate before the PPI and sold 1 ZB at 110 09/32, considering every other single report has resulted in a selloff. ha! covered with market order 110 21/32. am down $138 for the day and I think I missed the boat.
I'm learning the errors of my ways - at least I didn't speculate with 3 contracts.
ps. put a limit order in for buy 3 27/32. bad move? will this merely pick up the fade? are we done for today?
Exited 4 ZN's 107 075 to minimize risk as we really aren't doing much of anything.
Quote from scriabinop23:
bought 2 zb 110 24/32 and 1 110 22/32, sold at 26/32 RIGHT before that spike up a few minutes ago.
thought I'd be clever and speculate before the PPI and sold 1 ZB at 110 09/32, considering every other single report has resulted in a selloff. ha! covered with market order 110 21/32. am down $138 for the day and I think I missed the boat.
I'm learning the errors of my ways - at least I didn't speculate with 3 contracts.
ps. put a limit order in for buy 3 27/32. bad move? will this merely pick up the fade? are we done for today?
I'm almost done for the day.
My view on today: I would only have bought so far today from after the 0730 report to now 0856 on pull backs. Generally speaking I try to avoid fading a 16 tick move at least for the first couple of hours. Nothing set in stone, but you need some consolidation before prices will move counter to the direction of the 16 tick spike. Last Friday is a perfect example of what happens when you fade a spike up. Some people can do it. Most can't.
Also, I learned many years ago to never try to take on positions before an 0730 report. Trust me, it can go either way. Relying on every other time the report was released in the past can kill your account. Also, depending on your broker, you may be looking at a loss many ticks beyond your stop.
As far as what remains for today? Tough call given the release tomorrow. If you have booked a profit for today, leave. Tomorrow will be big.
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