Bond Trader 2007

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29 March 2007

0725 CST Pre-report

I'm looking to sell on a good entry with an exit target of:

111 04
110 30
110 24

Entry target can be anything as it is GDP. I'll enter seconds after the report depending on order flow. Currently we are at 111 18 two minutes from report. No position yet.
 
0734 CST Sold 1 ZB 111 14. Testing the waters.

0736 CST Sold 1 ZB 111 15.

Will sell more between 111 18 and 111 19. Waiting.

0740 CST UPDATE

Will consider changing short bias if price breaks through 111 20 decisively. Will change short bias if price breaks 111 24.

0743 CST Order in to sell 1 ZB 111 18.

0744 CST filled. Waiting on remaining size.
 
I'll be looking to exit anywhere around 111 13 or better. I don't like the fact that we haven't gone down for a re-test.

I may consider going long when I exit these contracts.

0749 CST I'm not adding anymore shorts. Done with the shorts on this run. Still looking to exit as stated above.

0753 CST Need to be careful with this trade. It doesn't look good at the moment. Need to see a test of 111 14 or lower soon.
 
Long from 111-16 - No Brainer: 8 Ticks down reaction to Report followed by a classic reversal, test of high of reaction bar.
 
Quote from Lance Carson:

Long 111-16, ZBM7 Target 114-24 Longer time frame.
More...

Lance, I have looked at all the time frames for this contract and can't see anything related to TA that would support the target of this trade.

Is this trade based purely on fundamental analysis?

Thanks!
 
0821 CST Right now I'm looking to buy between 111 16 and today's low. This is subject to change. Target would be only 3 to 5 ticks, i.e. 111 19 to 111 21.
 
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