Bond Trader 2006

Be very very careful. I'm going to wait maybe 5 - 10 minutes before I even consider a trade.

 

Quite a day. More comments later. For now, I would be looking to buy at 106 23 or better with a stop at 106 19. See chart and price projection numbers for rationale.

 

0746 Bought 2 ZB 106 23 with 106 19 stop.

Target is 106 28 or better.

Probing trade. Prices could go down as far as 106 17 or 106 18.

 

About to get stopped out....

 

Obviously out at 106 19. Will wait for NN buy signal this time. May take awhile.

 

0820 Buy 4 ZB 106 20 stop 106 16.

Minimum target 106 25. If this trade fails, then my original posted bias pre-open is correct, i.e. short.

NN's turned positive.

 

The market really tipped its hand today didn't it? All kinds of Tipping Hand prices to look at and remember for next week.

 

Cycle time coming up here at 0835.

Update 0834
We've kissed 106 25. Watch carefully. This is make or break for the upside. Consider exiting half.

 

0838 Closed 4 ZB 106 24. Didn't like action.

 

Intuition is telling me to short heavily here at 106 23 or better. I'm going to wait for a sell signal from the NN.