0815 CST Long 2 ZB 105 24. This could be chop here this Thursday morning. NN's are firing buys. Target is 105 28 or better.
Expect a spike up soon. UPDATE 0824 CST Bought 4 ZN 104 075 Bought 2 ZB 105 25 Target is 105 28 or better.
0832 CST Out of everything 105 24 and 104 070. 0833 CST Sold 4 ZB 105 24. 0834 CST Cycle time coming up at 0840.
Stop at 105 27. Well, it is definitely looking like chop today. My signals usually enable me to capture at least 3 - 4 ticks of a 6 tick move, but obviously not today.
Hard to say, definitely was a buy at 105 13. But I'm not able to trade at the time the major support of 105 12 was hit.
NN Cycle indicator is still negative. I will close the position at a loss if it turns positive, and I'll probably call it a day. UPDATE 0850 CST Major divergence on CCI on 5 min bar chart. UPDATE 0852 CST Help Wanted Index coming up at 0900, but I really don't see it having any impact.
BTW, how many % have you gained in the last few years trading ZN/ZB etc? I am very interested in trading IR futures(much more than the stocks/index futures.) But I don't know any individual trader who are making a living out of them. Are IR mainly for the institutions? Thank for your comments.
Never let a winning trade become a loss. Adjust your stops. 105 21 is a good target but would like to see 105 19 or better.
Had a lengthy reply but had to stop given the current move to 105 21. Will get back to you later but may not be until tomorrow. Bottom line, if you are well paid in your employment, it will take a lot to quit to trade full time. I haven't reached that point yet.