Here it is. Short at 120 14,. But I am not in. I have cold feet today. Stop at 16.5 target as low as 120. Just a paper trade.
It is breaking, but on the upside. Seems strong. Like steps that will go on and on and on.... Shorts be scared.
ZN but the whole thing is no good today for me. I was too late for the good move. Now I am just steaming. West coast time sucks. You have to be up by 4:30 AM.
I have big problem joying in a move. I am afraid to be the laggard. I am OK if I get in early but when the move is strong I can't jump in. Also I have problem reversing. If my trade fails I know that the move will be good against it, but I can't jump in. I am afraid not to get chopped. The emotions get me down. I am not going to trade today. I have learn that much to know myself. It seems that this is what makes me somewhat successful these days. The trades I make are the ones that I see a failed attempt and jump in early on the opposite direction. Perfect example on the ZN around 7:30 today (CT). I am sure the ZB looks similar. Hence my feelings now. The problems is that my system also tells me to enter on the big pull backs like the ones around 7:43, 8:50 but I was too emotional by that time. To the point to be looking for a short. I give myself an A today for recognizing what was going on with me.
With no new supply coming for the next 3 weeks, and in fact purchases next week, it should be up from here, no?
Today: Outright Treasury Coupon Purchase 08/15/26 â 02/15/39 The market is positioning itself for a more aggresive Fed.