Great trade. Remember, be cautious on the 2nd and especially third attempt to 112 21. I think I'd stop after 2 winnning shorts in a row.
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Bond Trader 2006
- Thread starter johnpinochet
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We might hit 112 07. Consider exiting the bulk of your position anywhere between 112 12 and 112 07.
Start looking at my outlier lows for indication of where we might go, on the low low end.
Start looking at my outlier lows for indication of where we might go, on the low low end.
Remember, per my 26 Jan 2006 recap on the hypothetical loss of 2 hours of your life....don't hold on too long. I said to consider taking all / most of your profit between 112 12 and 112 07.
Long 2 ZB's 112 15.
Proft target 112 18 - 112 21 at 0811 CST.
Proft target 112 18 - 112 21 at 0811 CST.
0800 - 0805 was a cycle low, so I'm feeling confident in this quick long trade.
Exit 1 ZB at 112 19
Just set the other ZB to sell at 112 19. I don't like the action.
Sold the above mentioned 2nd ZB at 112 19.
Yeah, I could have held longer, but one of the things that I'm discovering is that I have an uncanny ability to call a 4 - 6 tick move....I mean uncanny. So far I haven't perfected the ability to make a wish for a 16 tick move come true, so I must conclude that I must take 1/2 or most of my profit at the 4 - 6 tick mark.
I'm still biased to the short side, and I am very uncomfortable taking counter-trend trades. The two things together make for a quick trade decision.
Yeah, I could have held longer, but one of the things that I'm discovering is that I have an uncanny ability to call a 4 - 6 tick move....I mean uncanny. So far I haven't perfected the ability to make a wish for a 16 tick move come true, so I must conclude that I must take 1/2 or most of my profit at the 4 - 6 tick mark.
I'm still biased to the short side, and I am very uncomfortable taking counter-trend trades. The two things together make for a quick trade decision.
A second short might be coming up here between 112 21 and 112 19.
I would consider only taking half your normal lots. This is our second attempt at 112 21 and I'm always cautious on 2nd attempts. Use your own entry signal. High side might go up to 112 25 112 26 against you. I wouldn't have a stop that high though.
I would consider only taking half your normal lots. This is our second attempt at 112 21 and I'm always cautious on 2nd attempts. Use your own entry signal. High side might go up to 112 25 112 26 against you. I wouldn't have a stop that high though.
I haven't taken a short and I suggest you stand aside for now. Looks like bonds want to test the upper range.
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