So we went down to 106 03, and no further. I'm looking for 106 01 which is a low established at 0749 on the 5 min chart. A low, not the low of the day.
OK, out at breakeven 106 05. Now I really am done. I took the trade because we broke a significant turning point level that I previously calculated. Since it is a Friday night, and I don't have to get up early in the morning, I thought, what the heck, take the trade. Off to watch some TV with the boss.
Turning point times for Monday 09 July 2007 0730 0850 0930 1020 1030 1100 1300 Above are rough numbers. The 0730, 0930 and 1030 times look like the most important based on my studies. Use plus or minus 5 minutes on these three. My bias is long, and I've purchased a single ZB contract at 106 07 already. I would have bought much earlier, i.e. below 106 07 but I didn't get a chance to view charts until recently.
I added more contracts between 106 07 and 106 13. I'm looking for an initial target of 106 17, and I'll re-evaluate my position then.
0743 CST Bought 8 ZN 104 270. I think I'm done now. Initial target on the ZN is 104 280 to 104 290. I'll exit half my ZB and ZN contracts at their respective targets.
0751 CST I really wish I had gone all out between 106 03 and 106 07. After my initial pre-market open trade, I fell asleep, and woke up at 0735.