15 August 2013

US 10 year T-Notes : Increased Short

  • Initial entry short ZNU3 -126-26.
  • Daily triangle break on downside. Stopped in additional unit -125-13.
  • Stop on close back inside triangle line at 125-17
  • The ZN daily triangle break is good for around 2 big figures. Weekly and monthly point to much more downside potential than that.
  • Immediately ahead, next critical chartpoint is 124-11.5
  • Re - earlier post today on S&P500, market is at 1668 now, ie breaking the SHS NL. Waiting for close before taking action, if any.
  • Pity on the tight stop in EUR/USD done near the high of the day. Ah well, that's life.


Taichiseal said...

Trailing stop moved down to 125-20. Taken out. Square now.

Taichiseal said...

In hindsight, tightened the trailing stop too much. But then again, how could I have foreseen that having traded down to 124-26 low, hours later 125-20 stop above is hit.