29 October 2012

US 10-year Notes : Back into Range

  • 2 recent trades, both stopped out for loss : [-131-29 / + 132-11] and [-132-05 / + 132-11]. For 2nd attempt, I should have moved stop down when it traded to 131-22 low. 
  • Debatable if I should have waited for weekly close below 132 before putting on short. Sometime you catch it, sometimes you are made to look silly.
  • Looks like the Rubicon is not about to be crossed yet, which probably means old range 132-136, but with increasingly likelihood the highs will get lower, ie won't reach 136.

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