The Trading Room®

Established Since 1997

iNewton Automated Trading system

click here for free trial

Experience The Power of Market Intelligence

iNewton Performance Summary

click here

Bond Trade with Risk Sentiment

The Trading Room
At 11:00 am Risk was clearly coming into the OFF territory but the indices were already too far in Bull Zone passed R2, so I concentrated on the 30 Y Bond and place my sell stop at the RQC 7 right below Bear Zone 1 which provided an attractive entry.I set my stop loss at $300 and my profit target at $200, The trade went sideways for 2 hours getting positive $93.50 and then negative $125.00 but I was confident and did not mess with stop and target. Yes I could have taken a few more ticks but only had 1 contract. What counts for me is  when I entered the trade and why.
 MY NEW MOTTO IS   WHAT DO I SEE! – WHAT DOES IT MEAN? – WHAT DO I DO?
Pierre S. – RQ Insider Member
bond trade Pierre 2
 
 
PageLines