Bond Trader 2007

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Quote from optioncoach:

Any of you trade TY?
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I don't, but I'm open to it. I've just followed the ZB and ZN for so long that I've grown used to their movement.

I'm curious to know if you see something in the TY right now? If so, please post.
 
1113 CST Sold 2 ZB 106 23. I will sell up to 8 on this trade. I will go as high as 106 26.

First target is at a minimum a re-test of the recent low of 106 19.

Obviously I want 106 14.

A strong move above 106 26 means I'm wrong.
 
Quote from johnpinochet:

I don't, but I'm open to it. I've just followed the ZB and ZN for so long that I've grown used to their movement.

I'm curious to know if you see something in the TY right now? If so, please post.
More...

Been tracking it on 5 minute charts intraday. Went short at 105'07.5 and covered at 105'06 when it looked to slow down which was certainly premature as it ran to 105'00.

Right now getting bullish entry signal at 105'02. It may be just be retracement of long move lower all day so I will be quick to bail if it reverses quickly.
 
optioncoach,

Thanks for your post. I do see possible buy signals here and there, but my standard operating procedure on 20 + tick down days is to sell retracements.

It has kept me out of so much trouble in the past. The only problem is that occasionally, you'll be married to your down bias only to see prices move significantly higher. That is where my stops come in to play.
 
Ideally, I would like to close my short trade by 1144, my next turning point. Although if today continues as it has been, then 1144 may simply consolidate for a few minutes and head down further.

A couple of things to keep in mind. We are approaching the CST lunch hour, and we've already had a roughly 29 tick down day. In the past I've talked about 32 tick days. This isn't written in stone, but once a day has approached 32 ticks, you have to be careful about trying to squeeze more ticks out of the day in a short trade. I'm just saying it becomes less easy.
 
Quote from optioncoach:

Been tracking it on 5 minute charts intraday. Went short at 105'07.5 and covered at 105'06 when it looked to slow down which was certainly premature as it ran to 105'00.

Right now getting bullish entry signal at 105'02. It may be just be retracement of long move lower all day so I will be quick to bail if it reverses quickly.
More...

I covered at 105'03 for one tick profit. Volume tapering off on this move higher looking more and more like a retracement so since it is lunch I will take it and step aside lol.

I basically have been applying swing/trend trading ideas to index and fx futures and recently began looking at 10 year futures and have like some of the backtests so starting to apply it to actual trades. I will try and contribute where I can. I am basically looking at 5 minute charts.
 
I sold 2 more ZB's at 106 25.

I'm going to stop here for various reasons mentioned previously. Better to be cautious.

One problem is that this could be a 1 - 3 hour trade.

Note: Failure to break lows will mean I am out at 106 20 or 106 21. That will give me 2 ticks on the first and 4 ticks on the second, roughly.

I don't have a stop in yet as I'm watching this like a hawk, BUT, as a last resort, keep in mind that any move toward 106 29 means that I am completely (all caps) wrong.
 
Quote from optioncoach:

I covered at 105'03 for one tick profit. Volume tapering off on this move higher looking more and more like a retracement so since it is lunch I will take it and step aside lol.

I basically have been applying swing/trend trading ideas to index and fx futures and recently began looking at 10 year futures and have like some of the backtests so starting to apply it to actual trades. I will try and contribute where I can. I am basically looking at 5 minute charts.
More...

Welcome!

I've followed some of your other posts with interest. It is always nice to have some ideas to discuss.
 
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