03 July 2013

US 10 year T-Notes : Sell Now + Sell Later

  • Daily and weekly charts = bear flag (beware long flagpole).
  • ZNU3 is a sell here (around 127-00) and on any rally towards 127-23.
  • Unwilling to increase trading risk ahead of NFP so sitting tight on short EDZ5 only. Increase via -ZNU3 if NFP surprises on weak side (but not too weak). At current level of risk (28%) am comfortable to add on if we trade up to 127-23. If I add on now, will be thinking of cutting loss if we rally.