Bond Trader 2007

Long ZB's at 111 25 and 111 26.

Target is 111 28. Obviously I still would like to see 111 30 followed by 112 03, but I'll take most off at 111 28.

 

Please note that I'm not posting my trades real-time. Per my pre-market post, I'm concentrating on my trading for now. If I have time, I'll post where I'm looking for an entry as I did with this most recent trade.

 

No fill at 111 28. Out at 111 25.

 

Just after the report, I sold ZB's at 111 21. Time was 0900 23 seconds.

Holding for 111 17 or lower.

 

Looking to exit at 111 19.

 

Out at 111 22.

 

Sold ZN's at 108 065. Stop at 108 085.

 

Looking to exit ZN's at 108 045 or better.

 

Out of majority at 108 045 and remainder at 108 50.

May wait for one more trade, otherwise, action looks to be very slow today, and Thursday.

 

Not much to add for today, Thursday 03 May 2007.

Numbers and cycle times remain roughly the same. I have no bias.

I am beginning to see that the 10 year is the better instrument to trade for me, but I still consider myself a 30 year trader vs a 10 year.

With two 0730 reports, let's hope for at least a 10 tick range! I won't hold my breath.

Watching and waiting.