Bond Trader 2007

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0608 CST Pre-market 27 April 2007

I'm looking for today to be a big day. 2 important end of the month 0730 reports must have some impact. Based on yesterday's action, I would say we might test lows. However, based on lack of follow through it almost seems as if the big guys want the market to go back up.

To start, I'm cautiously bearish, but I'll go in whichever direction the reports indicate one must go.

I've beaten the numbers to death, so I won't repeat them here. Numbers are virtually the same. Spike numbers have changed, but I don't have time to post. I'm hoping for a stair-step day of redemption.
 
This trade is just a standard textbook, buy the pullback trade. Something told me not to buy at 111 09 and to wait.

111 04 trade is small size. Just testing the waters. Looking to go up to 6 or 8 lots today as I feel we will have multiple opportunities to take 4 -6 or even 8 - 10 ticks out of the market today.
 
Trade below 111 00 is bearish to me. I would say we will go to 110 24 to 110 26 if we break through 111 00.

Getting to this level, and being stopped out will mean that I will pause, re-consider, and possibly go short.

Per earlier posts, the double 00's are treacherous.
 
0752 CST I'm posting this late as I was attempting to short all the way from 111 01. Unfortunately I could only get filled at 110 30. Yeah I know, "too bad, so sad."

Target is a minimum of 110 24. No stop. Looks like a down day today.

I'll take on more size selling from 110 30 to 111 00.
 
0800 CST Sold 4 more ZB 110 29.

OK, that is it for my position. My initial target is 110 26 which is simply the low of the day followed by 110 24 and lower.
 
0819 CST With the ZB right now at 111 01, I'm setting a stop at 111 03.

Honestly didn't expect them to get this high, now trying to manage a losing trade.
 
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