I am a day trader so I let price action determine my setups but I will take trades mid TR if risk/reward to the upper/lower ranges are reasonable....ie, the range has to have "range"
Phone a friend - TA help with this chart
- Thread starter Radiohead
- Start date
I believe it going down
I do understand that a lot of folks here are just trying to book a profitable trade.
Any trade.
But for swing traders, betting on the bullish side of bonds is a really tired, worn out trade.
Been in place for almost 40 years.
Like the old saying "make hay while the sun shines".
And it's not shining anymore.
The only bullish force left is the FED manipulating markets.
No prices on this chart of the 10 year Treasury.
The important part is the MACD line, plotted quarterly.
MACD dropped below the zero line in 1985.
Stayed there (40 years) until 9 months ago.
Now it's back in the top - Bond Bear Market.
Any trade.
But for swing traders, betting on the bullish side of bonds is a really tired, worn out trade.
Been in place for almost 40 years.
Like the old saying "make hay while the sun shines".
And it's not shining anymore.
The only bullish force left is the FED manipulating markets.
No prices on this chart of the 10 year Treasury.
The important part is the MACD line, plotted quarterly.
MACD dropped below the zero line in 1985.
Stayed there (40 years) until 9 months ago.
Now it's back in the top - Bond Bear Market.
I have read (in about a dozen books) if you are going to trade anything, you need to know if the high level trend is bull or bear.
But what do I know.
You scalp traders seem to have all the answers.
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LOL Good sarcasm;
amazing how badly bonds have done in past52 weeks ;
or 52 years compared to average stock benchmark SPY.
That bond chart looks about like the[fixed income] interest i got last year;
ripped off really, because thought i was going to buy some real estate, so opportunity costs loss also. But usually the odds have been with me buying RE, butnot last year
but better than that 6 month chart, its a bit of a bear loss\ start to close.
6 months is a good time frame to set up trades;
so cant blame the bonds on the time frame. Good nickname i got off elite slop chop trend = same thing as barbed wire range.Ouch
We daytraders/swing traders know if we want to guess (which is what we all do) what will happen in the next minute, day, week we don't need to know what happened in 1972.
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Good points on spilling the beans on your time frames
Actually CoB641 is right to check 1970s+ all data;
those eventually impact days\ weeks/ months + any time frame.
FUN old WSJ read\ gov bond risk[16-116 billion bucks ]article\SVB\WFC\BAC ;nice chart WSJ Sat/SunNov12\2022 .
No disrespect intended, especially to the millionaires................
So what you're saying is that you're at home in the range.
