Bond Trader 2007

0725 CST The market is firming up pre-report. Will we finally break 112 01 today, to put my earlier stuff in play? Still waiting.....

 

0728 CST If we break 112 01, I'll look to enter around 112 30 to 112 01 and I'll shoot for 112 04 to 112 08 as a first target. This is only good for immediately after the report.

 

0731 Looking to buy at pivot. No trade yet.

Pivot is 111 23.

 

Long ZN at 108 055. First target is 108 075. I'm watching these carefully as market is weaker than I expected.

 

I will exit all at 108 075.

 

Market is weak. I'm shooting for 108 060 to 108 075 to exit with an eye toward a quick exit.

 

Out at 108 050.

Reverse short on ZB at 111 22. Looking for 111 17.

 

Added some ZN's to the short mix.

Just waiting now. Will get out at 111 18 and equivalent in ZN. I will exit prior to 0900 no matter what.

 

If the 10 year can break 108 025 perhaps we will see some action. 107 315 is a possibility, but I'll get out before then.

 

Limit orders in:

111 18 exit and 108 015 exit.