Time to sell ZB?

are you talking about day trading or swing trading?

for day trading, there might be opportunities to take long and short positions within a day.

If swing trading, where is the reversal signal / pattern?
There is big difference between reversal trading and counter trend trading.
 
The yield on 30 year is at a near all time low. 8/28/19 is the all time low on charts I'm seeing. I was referring to position trading if low is retested next week.

Thanks.
 
Maybe for the very short term, possibly selling calls but I would not get too excited unless we break below 161.12
Bonds20190905.png
 
Real Money said:
Is this bond rally going to continue into next week? Should we be looking to get short the 30 year?
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Do you think that Powell is done ? I don't and no serious trader that I know of thinks so either.

Hell, Draghi isn't done either and the ECB has negative rates across the curve.
 
I agree that bonds right now are mostly rate news and econ numbers but I wanted to share that I got a sell signal on the weekly chart last night. Will be interesting to watch....
bonds_weekly_090919.png
 
Cannon_Trading said:
I agree that bonds right now are mostly rate news and econ numbers but I wanted to share that I got a sell signal on the weekly chart last night. Will be interesting to watch....
bonds_weekly_090919.png
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Caution is in order with the Elliott Wave Count and other cyclical count indicators... if you used it the past eleven years with the stock market - specifically the exhaustion wave; you got smoked.
 
ffs1001 said:
I have been short ZB for a couple of weeks now in various forms - via outrights, credit call spreads, and ZB-ZN future spread.
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I closed my ZB/ZN spread - this was a buy ZN and sell ZB trade opened on 20-Aug (ZN was 131'040, ZB was 163'320 at the time) and closed today - ZN at 128'215 and ZB at 157'220.

If all spreads went as smoothly as this one.

I'm still holding onto the long 164-162 ZB call spread. Theta works in my favour, so no rush to close, unless the FOMC mtg next week throws a surprise.

@Real Money , I hope you shorted ZB a couple of weeks ago.
 
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