Bond Trader 2007

I am 106 1/2 - 108 my man.
I'm not gonna play in traffic unless I get a "feel".

Trade some natty for fun with me. EIA report @ 10:30 ET will cause a dance. Wanna buy 'dese on dips. NGQ07 or QN for small balls.

el surdo

 

Surdo,

NGQ07 is natural gas? Do you know the IB symbol?

 

0733 CST I sold 1 ZB 107 03 on as a quick scalp trade looking for break of recent lows. This is high risk, hence small size.

 

0735 CST I would have liked a better price but it was too early to tell at 107 08. I certainly didn't feel good about going long at that time. Still no bias. I will reverse immediately if necessary.

 

I am not on TWS, I assume it's NGQ7.

NG is the root, the front month is "Q" August 07.

 

Stopped out at 107 06. No sense in riding it back up to the top of the range. Out for now.

 

0742 CST Bought 1 ZB 107 07. The danger here is to get chopped around for awhile. If I stop out again, I will wait for a time and look to enter there.

107 05 and 107 08 are two important levels that we need to be aware of.

 

0746 CST Reversed again. Now short at 107 05. Still small size, 1 lot.

 

OK, out again at 107 08.

Done for awhile. The chop could continue, and since I have no bias, it is best to wait.

 

0752 CST Bought 4 ZN 105 145.

The more I looked at the chart the more I saw a firming up of price. Mostly the 1 min chart looks positive.