23 August 2013

US 10 year T-Notes : Trending Down

  • My long standing assertion that US rates are currently the best trending market looks to be correct. Laser like focus here on trading this right will probably be more rewarding than trying to catch some of the ongoing FX moves.
  • I really should be making a lot more money but for improper trade sizing previously. Nevertheless, am getting back on track with very controlled sizing in fresh short ZN and ED positions. 
  • Monthly : Uptrend line broken + back below significant previous tops = bad sign.
  • Weekly : Bearish outlook below 124-12 for ZNU3. Very large top made and reversed. 121-22 and 117-16 not impossible targets.

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