I know them obviously, but I don't use them. Not against them, I just don't want to clutter up my view of the market.
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Bond Trader 2009
- Thread starter johnpinochet
- Start date
I know them obviously, but I don't use them. Not against them, I just don't want to clutter up my view of the market.
0905 EST
I'm going to take a break now. My thoughts are that we have had many down days in a row, and it may be time for the market to rest, or go higher.
With that in mind, IF we manage to move back and forth between 115 180 and 115 140, and then start moving higher, I think a run for my pre-market posted levels is in order.
A break of todays low would negate the above.
I'm going to take a break now. My thoughts are that we have had many down days in a row, and it may be time for the market to rest, or go higher.
With that in mind, IF we manage to move back and forth between 115 180 and 115 140, and then start moving higher, I think a run for my pre-market posted levels is in order.
A break of todays low would negate the above.
Quote from ivanbaj:
Do you care about this:
"The U.S. Fed will by buying bonds today in the 2016 -2019 range as part of its ongoing effort to keep interest rates low."
Sure. That is important to know and it could be the reason why price only teased us with a small dip below previous day's lows. All I know is that since the day's low, my WGSR has told me that long is the place to be. Keep in mind that "they" can keep us in a tight 4 - 6 tick range for an hour or more and we haven't had that in a bit either.
By the way, what is the timestamp on that news item?
Thanks,
John
Quote from johnpinochet:
Sure. That is important to know and it could be the reason why price only teased us with a small dip below previous day's lows. All I know is that since the day's low, my WGSR has told me that long is the place to be. Keep in mind that "they" can keep us in a tight 4 - 6 tick range for an hour or more and we haven't had that in a bit either.
By the way, what is the timestamp on that news item?
Thanks,
John
This has been known for weeks:
http://www.briefing.com/Investor/Public/MarketSnapshot/BondMarketUpdate.htm
http://www.newyorkfed.org/markets/operation_schedule.html
Quote from ivanbaj:
This has been known for weeks:
http://www.briefing.com/Investor/Public/MarketSnapshot/BondMarketUpdate.htm
http://www.newyorkfed.org/markets/operation_schedule.html
Got it, per previous posts, I'm not very good at the long term stuff. I thought it was something that was emphasized today, hence your question. With that in mind, forget what I said earlier. Well, the WGSR is still saying long, so, if I were to trade, I would look to scalping long initially with an eye towards us getting up to a minimum of 115 220.
ivanbaj,
I understand your question now. The short answer is no, I don't care about it. It doesn't affect me during my 1 - 4 hours of trading Mon - Fri. However, the news events that are posted in the weekly economic calendar I do pay attention to in the sense of the times so that I know to be out of a trade prior to a major report.
John
I understand your question now. The short answer is no, I don't care about it. It doesn't affect me during my 1 - 4 hours of trading Mon - Fri. However, the news events that are posted in the weekly economic calendar I do pay attention to in the sense of the times so that I know to be out of a trade prior to a major report.
John
1011 EST
Something significant is about to happen...
UPDATE 1012 EST
It could be a change in trend or a spike higher. My guess is a spike higher.
Something significant is about to happen...
UPDATE 1012 EST
It could be a change in trend or a spike higher. My guess is a spike higher.
1013 EST
First target for this move is a minimum of the POC 115 210.
Intermediate target is 115 250 and my further out target is 116 020.
It would seem to me that the POC is a given as a target.
Edited. Sorry, I get carried away when I call it right. I need to keep my balance.
First target for this move is a minimum of the POC 115 210.
Intermediate target is 115 250 and my further out target is 116 020.
It would seem to me that the POC is a given as a target.
Edited. Sorry, I get carried away when I call it right. I need to keep my balance.
1030 EST
My best guess right now (famous last words) is that today will be a "V" day. I'm just looking at longs right now.
Keep in mind that the pre-market sell on first approach of 116 020 is technically canceled. Although a sell at that level may be in order on a simple '000' playbook type of trade.
My best guess right now (famous last words) is that today will be a "V" day. I'm just looking at longs right now.
Keep in mind that the pre-market sell on first approach of 116 020 is technically canceled. Although a sell at that level may be in order on a simple '000' playbook type of trade.