t-notes today

Curious where your adding range is and also your stop.
If I had a short running I wouldn't get concerned until 111 15/32 or so (bottom of previous support zone).
 
I do not use stops, and I trade a wide range.
I take anywhere from 8 - 16 ticks out of each new level that I trade, thus enhancing my cost on the original traunch.

To answer your original question, if I were you trading these long, 110 '16 looks like a good add/stop using your style of trading!

Good luck.
 
thx

I just moved my stop to 28. Today ended up being sort of a hinge. Whichever way it breaks out is likely to be a decent sized move.
 
So here were are at the bottom of the support zone from 28 Apr-6 May. I expect it to be pretty volatile and see professional money make some moves. Just watching for now but i'm a whole lot more interested in the long side than short, esp. if it closes above 111 8/32 or so today. Reason: 6 May and 8 May it left the previous range to the downside, and now it's back in the range. That's a failed test to the downside. On the flip side, I can see how a longer term player would be adding to his short from 5/5 and 5/6 here, since we are at the bottom of the range nevertheless. So mainly I will stand aside and watch them fight it out (for now).
 
looks to me like the longs are winning with the sharp "W" ~3AM and at the open, so i'm long. I have an add in place at 11 and a stop at 4 (tho I will try to exit before it hits the stop if need be).
 
I'm out. I especially enjoyed watching 14 ticks of profit appear and then dissapear at the end. That was some smackdown. The rest of tdoay should be a good clue for tommorow.
 
So there was not enough support at the previous highs (18/32) to keep the market from falling below. Looks like today's high was just a bounce off the previous top of the range from the past few weeks. Until it stays above 112 or below 110 20/32 for a few days, we are by definition still rangebound. There is another level of interest about halfway in between, 111 8/32. I'll be looking for a long off there tommorow, but also shorts around today's high, if there is a lower high and it is clear. It'd be interested to hear how others are looking at this market.
Pete
 
It's interesting with all news that's been out over the last few(3-4) weeks, that the Notes(and others) have been stuck in about a 1 1/2 full point range. Somethings gotta happen,but what will it take?Personally,- I think- you just daytrade it untill we get some kind of blowoff spike up and then Greenspan will come in and somehow lay the hammer down for good.
 
this is looking good for me right now, with 3 sharp pointy excursions down to 8/32 met with support. Hopefully it can make it back to at least the high part of today's range.
 
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