0813 The ZN's may be a buy here at 105 095.
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Bond Trader 2007
- Thread starter johnpinochet
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0823 So far no trade. I thought about buying at 107 04, for a quick scalp but passed. I'm waiting for an ideal entry based off of the hourly.
0852 Long at 107 09 anticipating break through highs. We are now in slightly positive hourly turning point chart territory. If we get another fake, then I'll follow the same pattern, i.e. patiently wait for the next entry.
So far I've managed to only give up a tick or two on the chop trades. I might even call it a day if this one exits for a loss. Not much news, and not much happening.
0856 CST Out for 2 tick loss. I don't feel like watching this trade go to 107 04. One thing you must realize is that if the first few trades aren't coming easy to you, then stepping aside might be the best thing to do.
I may check back for later times, but I think I'll call it a day.
Here are the times coming up:
0910 0930 1115
Above times are +/- 2 minutes.
Good trading.
So far I've managed to only give up a tick or two on the chop trades. I might even call it a day if this one exits for a loss. Not much news, and not much happening.
0856 CST Out for 2 tick loss. I don't feel like watching this trade go to 107 04. One thing you must realize is that if the first few trades aren't coming easy to you, then stepping aside might be the best thing to do.
I may check back for later times, but I think I'll call it a day.
Here are the times coming up:
0910 0930 1115
Above times are +/- 2 minutes.
Good trading.
Quote from johnpinochet:
0803 CST As of Thursday and Friday of last week we've had a 7 hour cycle in effect. According to my calculations, we are at the peak of the cycle.
Price holding above 107 04 and breaking above 107 10 decisively negates the above observation.
The above observation was made at 0803. Look at the chart, note the 107 04 support, and the 107 10 resistance. The S/R lines worked very well today, if you waited patiently for the break.
I see only 2 legit trades today, a buy at 0700 looking for a quick 4 tick scalp to 107 10. A buy at 0954, looking for a test of the highs given that price is now above the 0910 S/R.
Throw in 2 head fakes for the small 2 tick loss and you still have a very profitable day.
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0611 CST Pre-market commentary Tuesday, 17 July 2007
The hourly bond market trend remains up, but it looks a little "toppy."
The daily bond chart remains up.
Right at this moment in time, I will buy at key CP's.
The hourly bond market trend remains up, but it looks a little "toppy."
The daily bond chart remains up.
Right at this moment in time, I will buy at key CP's.
0806 CST Got a late start. No trades so far. At this time the CP S/R is
107 19
107 13
I'm looking to sell breaks below 107 13 and buy breaks above 107 19. I would like to see a couple more CP's before taking on size.
Remaining times are:
0815 0830 0900 0930 and 1000
Essentially 30 min increments.
Of course watch the reports as well.
107 19
107 13
I'm looking to sell breaks below 107 13 and buy breaks above 107 19. I would like to see a couple more CP's before taking on size.
Remaining times are:
0815 0830 0900 0930 and 1000
Essentially 30 min increments.
Of course watch the reports as well.
0811 Looking for a short between 107 13 and 107 16. Important hourly turning point support is 107 16.
The target is the next hourly TPSR of 107 09.
The target is the next hourly TPSR of 107 09.
0829 CST Today has the look and feel of a down move day. If we do put in a low, between 08 15 and now is a good time. A break above the previously posted CP's changes my short bias.
0859 CST Update. I went long at 107 15 a little earlier. I think the low is in and this is a small size trade taken in anticipation of a break past 107 17 and 107 19. We are still within the CP's and the hourly TPSR so I won't take on large size for a while.
0903 CST Long more ZB's 107 16 and ZN's 105 135.
0906 CST We are still in a range so it could be argued that this current medium size is premature. If this up move is correct then this move should last 30 to 60 minutes.
0906 CST We are still in a range so it could be argued that this current medium size is premature. If this up move is correct then this move should last 30 to 60 minutes.
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