Bond Trader 2007

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Quote from johnpinochet:

0936 CST Delayed post. Long at 107 22 during brief consolidation between 0915 and 0924. Looking for a break of weekly highs which should take us to 108 05.

Let's do this one right!

Be careful with 108 05. Very dangerous to stick around too long. Price really will cycle around that level.
 
0946 Half off at 108 03. Let's not get stupid.

0948 Out of rest at 108 02.

A test of last week's high will almost always lead to some cycling back and forth.

Today is a buy dip day by the way, but that is common sense.

A guess from me without a lot of research is that 107 28 to 108 01 would be a good place to buy.

As for me, I've had an outlier profit day. I may call it a day depending on times.

1004 might be interesting.
 
1020 After further analysis going back a bit, a lot of effort was spent between 107 27 and 107 29. Split the difference and keep 107 28 in mind for future reference.

At this point in time, you may have made a scalp trade for a few ticks off of my most recent post. My thoughts are that a test of 108 05 is in order for today. Breaking through that is hard to say. Don't get greedy. Take the 2 - 4 ticks when offered, especially if you get in late.
 
For your further study. A killing to be made in deed. Even taking into account the chop at around 0900 which I fully documented here, today was an outlier net profit day.

WG = working group
CP = collision point

Good Trading!
 

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By the way, if you made the mistake of holding a long above 107 28, and watched price break through 107 28 ( a number I published hours, and I mean hours ago) like in a horror movie, I'm telling you to not look back, but get out now.

Yeah, we could bounce from here, 107 21, but the chart looks bad, and I have to wonder why we spent all of that effort to get to only 108 04. Besides, now in the middle of the range you are at risk to 107 05.

If you are flat and looking to buy, 107 18 might be nice, but once again, I'm suspicious of the up trend now.
 
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