Tuesday, May 02, 2006
5/2/06 PM
The bond trade worked to day for the record.
market been drifting up all day. If we have kept our long on from last trade by keeping stop and not exiting from reversal signal we would still be long with stop at 16 now. The only issue is that we never would have had an entry because of the last trade would have stopped after the signal
selling 1725 at 1:20. stop 1925. this is a low confidence trade. internals say up. stp 1875. pp 1625. +1 on 1/2 stp 1825. BE on trade. stp 18. stop 1725. BE on last 1/2. stp 1650. stopped 1650. +1 and +.75.
Trade if we had stayed with 3 tick stop at 1725. then 1675. We would have been stopped either way with no additional gain.
Trader X
market been drifting up all day. If we have kept our long on from last trade by keeping stop and not exiting from reversal signal we would still be long with stop at 16 now. The only issue is that we never would have had an entry because of the last trade would have stopped after the signal
selling 1725 at 1:20. stop 1925. this is a low confidence trade. internals say up. stp 1875. pp 1625. +1 on 1/2 stp 1825. BE on trade. stp 18. stop 1725. BE on last 1/2. stp 1650. stopped 1650. +1 and +.75.
Trade if we had stayed with 3 tick stop at 1725. then 1675. We would have been stopped either way with no additional gain.
Trader X
