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I hope this is not going to be out of context and you do not mind my asking
the questions!
> We entered short on the break of yesterday's wedge with a stop at
> yesterday's high - a rather wide stop for the bonds but I had to leave
> the computer for a bit.
When you entered, did you have a target and what would your r/r/r have been?
>We are still > looking for a break south
>From where?
> with a target of 95-27 which is equal to 62%
> of the length of the pole of the bear flag deducted from the yesterday's
> high.
Could you explain your thinking behind the maths?
For my part, today has not been a day that got me in to a trade. So far, I
have not seen a trade with a r/r/r that I would take (i.e. not less than
3:1) and I am waiting (and doing other things on my computer while doing so)
for my inside day trade - but if this goes on much longer, we will end up
with an inside on an inside day. Then we really should see a break that is
worthwhile, tomorrow - if it ever comes...
Anyway, I certainly agree with you standing aside until YL is breached. I
feel sure the movement today is going to be heavily dependent on the S&P.
It's trend north will be our saviour, I hope!
Bill Eykyn
www.t-bondtrader.com
"Learn to read the tape"
----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, June 06, 2000 3:11 PM
Subject: [RT] Bonds (Wedges and Wedges)
Price moved down to the 78% retracement of
> yesterday's rally and started work on another wedge having risen just
> short of the 62% of the decline from yesterday's high. If we don't get
follow through to downside pretty quickly, we will
> move to the sidelines and wait for a break of yesterday's ID low at
> 96-15.
>
> Earl
>
> ----- Original Message -----
> From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, June 06, 2000 5:46 AM
> Subject: [RT] Re: Sv: Re: Bonds (Final)
>
>
> > Good find! Combine this with the bear flag and the case is even
> stronger
> > for a corrective move down.
> >
> > Earl
> >
> > ----- Original Message -----
> > From: "Stig O" <olausson@xxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Monday, June 05, 2000 3:32 PM
> > Subject: [RT] Sv: Re: Bonds (Final)
> >
> >
> >
> > A 10 minute chart reveals a rising (bearish) wedge on the 10 minute
> > chart I have been looking at.
> >
> > I would expect (orderly) lower prices if broken downside(highest
> > probabillity). And SWIFTLY rising prices if broken upside (lowest
> > probabillity)
> > Stig
> >
> >
> >
>
>
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