Ten Year Note 11/15/07
November 15th, 2007 by Uncle Mike
I have had a Long position on since yesterday using a mechanical system to trade the 10 year note TYZ07. Base upon my mechanical trade in the TYZ07 based upon 60 min candles. This morning the TY gapped up and I received an Exit signal at 111′30. The uptrend has continued so far this morning and I will now wait for another long signal as the 34 ema is in an uptrend. I will be on the sidelines for now and wait for the market to come to me. It is tempting to short the doubletop on the 60 min candles but I will let my system work, not be emotionally pulled into a trade. As a successful trader, one has to trade his plan bases upon the variables he has set. Well let see what the market brings us
Relevant Tags:commodity futures, day trading, dollar futures, ten year note, trading systems
Mechanical Monkey