02 January 2013

US 10-year Notes : Scale in Long at Pivot

  • Fiscal cliff "resolution". TY (or ZN, which I will stick to from now on) back to 132-00 pivot line (1.835%).
  • Started buying at 132-00. More on dips lower.
  • Previous campaign was moderately successful. Missed selling the bulk of the long position nearer to 133-00 and got stopped out at 132-15 instead. Still, a profit is a profit, is better than a loss.
  • New round begins. Reckon trade risk reward at least 1 to 3.