So we are sort of at a crucial point in the price of the 10 yr note. Any position traders out there have any insights one where its headed over the next 1-2 months. Flip your coin...heads or tails...up or down...what do you think?
I went short ZN on January 27 at 108.656. I rolled over the ZN last night closing my position at 107.711 and shorting the June contract at 107.563. I expect to be mostly short for a months (maybe years), though my system may make a few short-term trades on the long side.
I see a strong support barrier at 107-107.5 and a Fed that is getting ready to stop raising rates. A possible pullback before going south?
It's kinda funny how targets/stops have shrunk since volatility has dried up... We are now scalping for a few ticks...
I just trade less often! No sense in trading for tics. 30 YR will see 111 1/2 before the fat lady sings. It may take some patience my son! PS: I trade both sides.