0750 CST Sold 4 ZN's at 104 045 Cycle time coming up at 0810 CST. Neural network just turned lower, indicating a sell.
About to get stopped out at 104 065. Consider closing positions as we've went beyond the recent highs in the last 45 minutes. By the way, notice the time of the spike?
0813 CST Bought 2 ZB's at 105 24. If this trade fails, I will consider waiting until the 0900 report. Stop set at 105 20. It is tight for a reason. Very little volume or activity today. Today is not the day to risk a lot of money.
We are one hour into the trading day. Prices are essentially even with the opening. Taking a guess, I will say that today will be a narrow range day, at least through the first 3 hours of trading. The exception will be if the 0900 report has an effect. Days like today you need to limit your trading.
What's the rationale to go long here? Have the NN indicators gone positive? And do you take the trade off before the 0900CST news?
Isn't this interesting. Report due out at 0900 and the next important cycle time is 0900. If we spike up, look for 105 28 followed by 106 03.
luckyhonda, NN was positive. 60 min bar chart was positive. I thought there would be some follow through to the upside, but there wasn't. Now maybe we'll see something at 0900.
Sold ZB 105 19 Sold ZN 104 035 Got in late. Not necessarilly a good trade entry, however, I believe this one should go lower. Now, here's the deal. I have a stop set at 105 25. A little high, but if you look at the chart you'll see why. If we are back up there again in short order, then I don't have an edge today, and I want to be out of the market. This is trade #3. I will call it a day if this one doesn't work.