Ten Year Note 11/20/07
We I have been sitting on the sidelines for another day and the trend remains strong. Friday I missed an entry from the mechanical system as the 60 minute bar had to close below the lower band and it closed right on the band which does not trigger a trade. I missed out this time on a nice move higher but I will wait for a retracement of a close below the lower band. It is easy to want to second guess the mechanical system but emotions and bad habits are taken out of the equation buy trading a system like this. Right now this mechanical system has a record of 15 - 2 with an 88% win percentage. The 10 year note TYZ07 has continued its climb higher and is in a strong trend. I would love to see a big gap down today and trigger a buy but I will have to wait and see. 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 today. For those who like to follow a mechinal system to trade check out my Mechanical Monkey Swing Trading System. for stocks.
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