Bond Trader 2006

0805 CST Things look bad for the trade.

0806 CST Exit and reverse. Sold 8 ZB's 110 24. Net 4 ZB's short.

 

Sell 'em. With conviction.

 

If we can stay at the lower end of this range I will sell up to 6 more ZB's on the way down.

Could be chop though. Let's see.

0809 Get ready to sell.

0810 Sold 4 more ZB's at 110 24.

Standing down for now. Targets are published in the pre-market analysis.

UPDATE
0814 CST Still toying with 110 23. Not much conviction yet.

Initial target is 110 21 or 110 22 followed by my number of 110 12.

 

this looks like an ascending bullish triangle... just has to break 28

 

0816 CST Looking to get out for my second 2 - 3 tick loss of the day. Things aren't looking good for my customary 3 trade total and no more.

 

Prices should test 110-29 in the next ten minutes, otherwise it will be a square to bearish flag formation

 

0821 CST Out 8 ZB's 110 26.

OK, two losers in a row. Last trade of the day coming up.

 

Th ZN is doing a bullish falg should follow up to new highs

 

0825 Bought 8 ZB's 110 28 on anticipation of break above highs. High risk. Will get out quickly and call it a day if this loses.

0827 ZN's have broken the day's high but ZB's are stuck at 110 28.

 

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Typing to fast for this forum:


Bullish flag for the ZN is good fro the ZB