0753 CST Initial targets met on both the ZB and ZN. Placing orders to exit half now.
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Bond Trader 2007
- Thread starter johnpinochet
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0756 CST That was neat. It is always cool to get filled without price moving through your limit.
Out of half ZB at 106 17 and half ZN 104 280. ZN sold earlier than above time.
Out of half ZB at 106 17 and half ZN 104 280. ZN sold earlier than above time.
Out of remaining ZB at 106 14, and remaining ZN at 104 270.
Ouch! Gave up too much on that half exit. I hesitated because technically, I would consider buying right now, but it is the right thing to do. Re-group, re-evaluate, and go on.
Ouch! Gave up too much on that half exit. I hesitated because technically, I would consider buying right now, but it is the right thing to do. Re-group, re-evaluate, and go on.
0807 I'm operating under the assumption of at least 12 more hours of higher prices.
I'm looking to buy.
I see upward targets of 106 20 and 106 24. A decisive break above those two will lead price to 107 12.
Hard to say how long the above will take, as today is a Monday. We may not get past 106 24 today. We may have to wait until tomorrow for 107 12.
I'm looking to buy.
I see upward targets of 106 20 and 106 24. A decisive break above those two will lead price to 107 12.
Hard to say how long the above will take, as today is a Monday. We may not get past 106 24 today. We may have to wait until tomorrow for 107 12.
0813 Order in to buy 8 ZN 104 270. This is risky, as we could have an exhaustion problem. Target is re-test of highs.
0816 Filled.
First target is 104 285 followed by 104 295.
First target is 104 285 followed by 104 295.
0836 CST So far so good. There was a rather remarkable opportunity to get in to the ZN at my 104 270 price while the ZB was breaking 106 18 - 106 19. That kind of hint doesn't come around all of the time. I was happy with my size so I passed.
I have a neural net program based on cycles (Ehler's stuff) that issued a buy around 106 16. I call this NN, the Cycle Studies Holy Grail. That is what I would like it to be anyway. Works for me.
I have a neural net program based on cycles (Ehler's stuff) that issued a buy around 106 16. I call this NN, the Cycle Studies Holy Grail. That is what I would like it to be anyway. Works for me.
Got out of half earlier at 104 270.
I still like this trade so I'm leaving 4 ZN's alone.
I will be back in 30 minutes.
I still like this trade so I'm leaving 4 ZN's alone.
I will be back in 30 minutes.
Quote from johnpinochet:
Turning point times for Monday 09 July 2007
0730 0850 0930 1020 1030 1100 1300
Above are rough numbers.
The 0730, 0930 and 1030 times look like the most important based on my studies. Use plus or minus 5 minutes on these three.
My bias is long, and I've purchased a single ZB contract at 106 07 already. I would have bought much earlier, i.e. below 106 07 but I didn't get a chance to view charts until recently.
Looks like the first three times are working out. Too early to tell on the 0930 put we appear to have turned here.
Here is the chart.
The important thing is not so much that the red line is spot on the exact low or high. The important thing is I told you hours in advance to expect a turning point time. Use your own system to evaluate things as the time grows close.
The important thing is not so much that the red line is spot on the exact low or high. The important thing is I told you hours in advance to expect a turning point time. Use your own system to evaluate things as the time grows close.
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