As one of my friends requested, I have made a graphical representation for him. For several days, we can see that this Bond has been consolidating within the daily resistance and the monthly support. Just a few days ago, the Bond has broken above this consolidation mode. However, as seen on the graph, this may be a false breakout as this has occurred before thus...
ZB is maybe going up you can play an agresive trading or just wait for the true signal !!
Looking more on the downside to Monthly S3 which is also the 145 big number before a bounce
If you are a trend following trader, find instruments and timeframes that satisfy your trending criteria and just follow the signals. But remember: consolidation period can be brutal to a trend following strategy. Also, the longer the trend, the greater the chance for a reversal. With that in mind, make sure you apply proper money management.
Continuation pattern foretold dollar strength $DXY
We are getting the beginnings of our Harmonic Breakout to upside this AM. Targets Shown on Chart.
This has to resolve first to end the chop festival $DXY, $EURUSD
Daily Harmonic View on Long Bond in 2nd Day of Yellen Testimony tending long here with stop below 149'30
Price landed back on the blue A/R line. I see two possible ways: 1) Up and turn at the Centerline, then down to the L-MLH 2) Jump above the Centerline, quick test of it and then up to the "Scene Of Crime", how Shane would say For now, a play up to the Centerline would not be too shaby. Happy 2017 to all of you! P!
rwilday noticed some good scalp buys this week from Fractal Resonance Composite lines on a 30 minute ZB chart and (facetiously) asked if it was time to buy big. In this case the 30-minute chart gives too narrow a view, but we can find the dominant timescale candidate on the 8H chart's 128H oscillator (FR_COMPONENT timescale multiplier=16). It's lead line is -87%...
With clear divergence and a clear break of the EMA I expect Bonds to recover back up a little. Adding some positive deltas to my current positions on bonds, I will Buy The 164/166 Call Debit spread and Sell the 162 Put to finance the cost. That would put our break even below the Weakly trend line. Max Profit $2,171.88 Break even at 161'21 76% of profit
Despite ZB1 can tecnically go lower, I will try to call a bottom here. Surely, Donald Trump´s election haven´t been a cause of today´s movement but indeed accelerated the things. Will long on opening, with a SL order set at 152. TP1: 170, TP2: 185 Notice bullish divergence on Weekly Timeframe and also bullish divergence on Daily Timeframe
Selling IV in Bonds.... I meant to sell Jan, but sold Feb instead...oh well. Here's the trade: -1 ZBH7 Feb 17 150/161 Strangle @ 2'25" Max Profit = $2,390.63 Risk: 2 Std. Dev. outside strikes Going for 50% profit as target
ZB1 futures show that the T-Bonds are finishing the correction which started back in July and are ready for one more leg up. Also, it would confirm that there will be no rate hike in December abd bond market would rally to a new historical highs before a big crash. Will long at 161´21 targeting 182 ish in a term of 4-6 months.