Discussion in 'Journals' started by Buy1Sell2, May 7, 2007.
Long ZNM7 today at 108'065" Longer term position/swing play.
Looking forward to it.
Good deal. Here is an update of where we are today. Price of June 10 yr note futures sits at 108'120" presently. Small gain so far. I am looking for a much larger move. Will hold for now.
FWIW, I am expecting some movement back down to the 108, 107 26/32 area (apologize beforehand if I am not writing the price correctly).
Given the relatively low overnight margin required for the ZN/TY contract, and its extraordinary liquidity, it's an ideal vehicle for overnight/position trading opportunities for retail traders who want to supplement their intra-day trading strategies (or move entirely to position trading).
Global Futures (not advertising, just showing day and overnight performance bond requirements).
If you're still bullish, now's the time ...
Holding firm here with my long ZNM7
Long ZNM7 took a little heat today. I'll keep you updated.
ZNM7 is turning out to be a patience trade. (Many of mine are). I'll hold here as right now the trade is only 7 or 8 /32nds to the bad. Right now, I view this as pullback. If I am wrong, I will have to get out down the road.
Do you average into a larger trade?
I am active in ZB and usually trade around my core position.
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