ES Journal Archive (2011)

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Quote from diablo11:

When you reference the ZN what product is this (forgive my lack of knowledge) and what do you use this as an indicator for? Thanks.

Ten year note futures (moves inversely to yields). The contract to watch today. It is rare to get the kind of gap up we saw this morning in this contract. That's where the money is going, not gold. On the other hand, big moves like this in treasuries can easily reverse, as it tends to mean trade. It's the biggest market in the world. The banker's daytrade.
 
Quote from Laissez Faire:

I guess my trade is discarded for journal integrity purposes anyway, but I`m adjusting my stop to 1187,50.

Stopped out while eating dinner. Did I make 0,5 points on the trade or did I lose 6,0 points?

I think maybe I`m too late to short this, unless I get a clean entry.

NQ looks a little stronger though, currently trading above it `s 50% level.
 
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