Recent content by algocode

OddTrader, My performance is very good but I've had some nasty drawdowns too. My main concern is to improve my timing as I tend to be a week or two off.

Short 30 Yr with two Sep06 contracts at 107'03

Thanks.

Liquidated long position at 107'20.

Thanks Tzuntsu and Arbitrageur for picking up on that and giving me the opportunity to clarify my decisions regarding my stops. A little bit over an hour after the CPI report was released I was convinced that bonds were bottoming because: - The dollar was going up; and stocks and oil were...

Still long two contracts with stops at 105'08.

Added to existing long position at 105'30 and moved stops higher to 105'16.

Good point but I felt confident that we were in the middle of a bottom and that the downtrend had just been broken. Stop at 105 with limited number of contracts because of the possibility I had evaluated at the time that I might be about a week too early.

Also, the barrage of events that kept traders on the sidelines for a few weeks is now over but most will wait until the beginning of the week before taking a new position.

Bonds oversold since mid-April with traders on the sidelines since then, waiting for this week's FOMC meeting and auctions to be over.

Long 30 Yr with one Jun06 contract at 106'04.