Bond Trader 2008 (Swing Trading Bond futures, Stocks, and ETF's)

[johnpinochet]

So far only one trade for me today. I overslept and missed the 0730 report.

Trades I would have taken IF I had been awake:

Long at 115 175 on the 0733 1 min bar.
Exit 0740 CST.
Long again at 115 200 no later than the 0747 1 min bar.
Exit on any approach of 115 280. Why? It has a special relationship with a number I've posted many times already. A number that has made you at least 1000 USD on a 1 lot so far. More like 2000 USD on a 1 lot.

So if 115 280 was so important as an exit why did I try for a small size long at 115 285? Just a hunch. The trade would have worked too, following my late entry rules. A late entry rule means I look to take no more than 4 - 6 ticks from the ideal entry. The ideal entry on my trade for today was 115 25. We hit a high of 115 305.

More to come later if I continue to trade today.

 

[johnpinochet]

0845 CST

There is a risk to 115 12 in buying here between 115 20 to 115 24.

I'm looking to buy but cautious. Something is off for me today so I will take it easy on size.

 

[johnpinochet]

0852 CST
I can't post real-time and ET is SLOW!

Short at 115 23. Ideal entry was 115 25. You know my routine.

 

[johnpinochet]

0813 CST
I have the break through 115 12 and 115 08 as a very significant event. I think 114 23/24 is a possibility today.

Looking to short again around 115 12 or better.

 

[johnpinochet]

0818 CST Short small size at 115 10. Looking for a re-test of lows. I'll sit on this and watch it close.

 

[johnpinochet]

0820 CST
I'd like to be completely out of this short before the 0900 reports just in case.

 

[Bernard111]

Quote from johnpinochet:



Looking to short again around 115 12 or better.

are you short now? we're trading 115-13..

 

[johnpinochet]

Quote from Bernard111:

are you short now? we're trading 115-13..

0920 CST
Sorry I couldn't post. I tried multiple times but I kept getting a database error. I just was able to get back in here to post now, with no errors. Quite irritating by the way considering I have other things to do.

We kissed 115 135 at 0826. When we came down just a couple of ticks and then went right back, I went ahead and got out at 115 130. So 3 tick loss on 1/4 of my regular size. I'm not looking to do anything at the moment. Just waiting. It looks like we will play with 115 20 and 115 24.

 

[johnpinochet]

0922 CST

By the way, the above post is a cut and paste from when I wanted to post, a lot closer to your post, I might add. Obviously since then we really have played quite a bit with those levels.

Finally for today, I have the following two numbers as significant on the upside:

116 04
115 28

That is it from me for today. Too much money to be made to be screwing around with web site issues.

Good trading!

 

[johnpinochet]

0555 CST
Pre-market on 05 Aug 2008

I have the following important times today:

0632
0816
0908
1140
1412

Plot any time frame between 1 - 5 minutes and watch price carefully at these times. Pick a line to be your S/R for that time. Keep an eye on what price does as time progresses. Generally speaking you play these time line levels the same way you would play pivots.

I have 115 22 as a very important time line on my hourly geometric chart.

My hourly chart is in buy signal territory.

Remember today is an FOMC announcement day. Anything could happen. I have no bias today. Should be a good day to make 3 solid trades in the AM.

115 26 is the balance point for today.

115 01 is also important to the downside.