OK, OK, I like both of you. You too Surdo!
Actually all in all, my two journals have been very good with a minimum amount of sniping. Thanks to all for that.
You're welcome on the call Lance. I was hoping someone took the most out of my observations for today.....I sure didn't. That is actually not a bad thing for newbies (not you guys) to review. You can be right on your observations, even know that your target will probably be hit, and yet get out too soon. Technically though, I'm not too upset with myself, time must be factored in to a trade. The only way to get around this is what I consider the holy grail of trading, a single bracket trade, part of an OCA group, established prior to 0720 CST. So far, the 0950 sell is the closest thing that I've seen. The other study I'm working on, the 0735 to 0835 study actually requires waiting for a signal.
Back to bonds. I found this from Bloomberg to be very interesting:
" Three of the seven biggest moves in the benchmark 10-year note during the past 10 months occurred on employment report days, and limited participation in the market might exaggerate the reaction to a jobs report that's much stronger or weaker than forecast, said Thomas Tierney, head of Treasury trading at primary dealer Citigroup Global Markets Inc. in New York.
U.K. markets are closed on April 9, so ``the major flows might not come 'til Tuesday or Wednesday,'' Tierney said.
Good Friday Moves
Employment reports, usually released on the first Friday of the month, have come on Good Friday three times since 1990, and ``movements in yields were more exaggerated than the historical and expected measures would indicate,'' according to an April 4 report by primary dealer Credit Suisse.
Treasuries had their biggest decline this year on March 9 when the February employment report was stronger than forecast. The 10-year note's yield rose 7.5 basis points. "
http://www.bloomberg.com/apps/news?pid=20601009&sid=aD1innmlFcEg&refer=bond
Closing statement from me:
I've said it before, and I'll say it again. The 0950 sell has worked like clockwork for the last 1 - 2 weeks. While I'd like to say it worked every time, I won't as you have to combine the knowledge of the 0950 sell with the proper S/R entry. Also, as I've mentioned, MACD has worked the last 2 weeks as well. You have to know the settings, but if you have some basic charting software you should be able to figure it out.
