ZN Journal

Quote from Surdo:

Do you average into a larger trade?

I am active in ZB and usually trade around my core position.


el surdo
More...

Not anymore. I used to do that, but research over my past trades has shown that over the long haul, I would have made quite a bit more money by just getting in and getting out all at once. The reason being that there were times where I did not have full position on when some of the big moves happened and it was because I was averaging or scaling in. :)
 
I firmly believe that the Notes are going to breakout soon. I believed it was to the upside, however the Friday actiion with it's move to high and then low close has me questioning that a bit. (There is a minor class A bearish divergence on the daily chart)The reason I am staying with the trade is that the weekly and monthly are both exhibiting some basing and we could go higher when the noise clears. If we were to get below the low of 4/16/07 (107'05.5) and stay there, I would consider getting out.
 
Quote from Buy1Sell2:

ZNM7 is turning out to be a patience trade. (Many of mine are). I'll hold here as right now the trade is only 7 or 8 /32nds to the bad. Right now, I view this as pullback. If I am wrong, I will have to get out down the road.
More...

Price action is still finding support in the 26/32 - 30/32 "Zone", a lower support area was 18/32, but if it breaks below there it's "anyone's guess".

Depending on the frame of refrence that you use, this is probably just a consolidation channel before it continues the previously established trend (upwards) or breaks and reverses.

Good trading,

JJ
 

Attachments

the above chart is the most valuable chart I have. what it implies is that long term rates are headed higher. But you will see intermittent sharp countertrends.
 
well, when the bond market cant rally off good news on inflation what is the world coming to =)..........

I'm going to grab some here too.
 
You must log in or register to reply here.
Back
Top