Bond Trader 2007

0907 Removed my remaining buy orders at 111 18 and 111 19. This may very well end up just like the short earlier today. I don't have a warm fuzzy feeling about it, but then again, I have to go with my setup.

 

Thanks Lance. I'm prepared to bail with just a couple of ticks but I was hoping for a 111 25 to 111 26 at a minimum.

 

My tentative target on this current trade is 111 25 to 111 27.

One thing I have to keep in mind is that anytime I've been offered 4 ticks these last couple of weeks, I was always better off taking the 4 ticks, rather than holding out for more.

 

0916 CST Selling half at 111 25.

0919 CST Changed order to selling 3/4 at 111 25.

 

0922 CST out of 3 ZB's 111 25. Holding 1.

0924 CST out at 111 24. I would hate to give up more than 1 tick on that last one. Well, I may be done for the day. I made back my smaller size loss from earlier in the day (2 lot) and made a decent profit.

 

What are you using to trade with? Basic technicals?

 

0930 CST We've kissed 111 22 right now so I believe my point above has been reinforced.

 

I summarized my conclusions for the month of April a few pages ago. I can't look it up at the moment. Looking for a possible trade now.

0934 CST I found it. Second post.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=86414&perpage=6&pagenumber=76

 

Lance,

Thanks for your observations.

dhpar, BondTrader50, Bernard111,

I saw your comments. Thanks for the insight.

 

I've been one of those guys selling at 111-12 after being filled luckly long on those 529 lots at 111-11... too little gain...