Bond Trader 2007

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I was looking at ZN and the break below 108'07 is ugly.

Some elliot wave technicals may think we are headed for a 1-2-3 pattern with some target 107'16, but who knows anyway.

My though is that evey rally on news will be short until further notice (by the market).

Any thoughts?
 
Phone Home!

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Quote from chauncey1:

I was looking at ZN and the break below 108'07 is ugly.

Some elliot wave technicals may think we are headed for a 1-2-3 pattern with some target 107'16, but who knows anyway.

My though is that evey rally on news will be short until further notice (by the market).

Any thoughts?
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It seems like every morning we get a pop on news and then the rest of the day is faded. I'm still watching the Yen for correlations between the 2.
 
Quote from Jaxon:

Good timing John! Both in getting out of your trade and getting out of the way! phew!
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I got back from my exercise around 1030 to 1045 CST and I wanted to go short again, but when I saw 111 14 followed by higher prices printing I knew something was going on. I wanted to go long at that point, but anyone watching knows what happened next. Prices spiked higher very quickly. At each limit I set prices would never come back for a fill. Finally I gave up and watched as the market went all the way up to 112 00.

I didn't understand the reason for the spike up so I decided to stand aside on all further trading, long or short.

Now I'm long a few ZB's at 111 15 looking for 111 21 to 111 22. I probably won't post my exit as I want to call it a day soon.
 
1224 CST Update My stop at 111 12 got hit. Out with a 3 tick loss. Not bad, maintained the bulk of my profit for today. It was worth a shot.

That is it for today. I don't understand todays spike up / spike down starting at roughly 1030 hrs. Probably related to Iraq or Iran.
 
Quote from johnpinochet:

1224 CST Update My stop at 111 12 got hit. Out with a 3 tick loss. Not bad, maintained the bulk of my profit for today. It was worth a shot.

That is it for today. I don't understand todays spike up / spike down starting at roughly 1030 hrs. Probably related to Iraq or Iran.
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It was on the China sanctions. corresponded with the index plunge.
 
Quote from Pa(b)st Prime:

It was on the China sanctions. corresponded with the index plunge.
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7

Yup, quick an huge panic "buying".

This confirms that any pop is faded (and how nervous the market is)
 
sometimes the day sucks even when you make pile of money.
I'm really annoyed that I was off the desk when the spike happened - rarely there is such a clear sell. Fortunately I had few $k dv01 left from the morning.
Even when tariffs go live in practice it is bond negative for many reasons - the first obvious one is that all chinese imports are going to be more expensive while still cheap - and due to inelastic demand all will flow through core PCE...
 
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