Looking at the market at the present time you can now see very clearly that margin calls where the reason the market fell so much, and not as many believe was open selling.
Its for this reason I said yesterday dangerous trading at the present time.
There was a 50% chance of a rebound and a 50% change of a continuation.
Odds like that you don't make money, your gambling.
Here we are trying to put more odds in favour to one side, so the chances of losses are low.
While we are in the critical aspect right now its interesting to see just where the low will be.
Current low is 1218.25 is that it ? don't know to be honest but likely.
For those of you who are looking for an option trade or a futures trade on the bonds its coming up...
Maybe Monday tho as could be higher that what it is today..
Anything above 142.20 will trigger the play.Its the DEC options.Which expire on the 25th of this month.
More later.
AS ALWAYS USE THE ABOVE AS AN INDICATOR TO YOUR OWN WORK.
Cheers
As this is being written 1241.75
Its for this reason I said yesterday dangerous trading at the present time.
There was a 50% chance of a rebound and a 50% change of a continuation.
Odds like that you don't make money, your gambling.
Here we are trying to put more odds in favour to one side, so the chances of losses are low.
While we are in the critical aspect right now its interesting to see just where the low will be.
Current low is 1218.25 is that it ? don't know to be honest but likely.
For those of you who are looking for an option trade or a futures trade on the bonds its coming up...
Maybe Monday tho as could be higher that what it is today..
Anything above 142.20 will trigger the play.Its the DEC options.Which expire on the 25th of this month.
More later.
AS ALWAYS USE THE ABOVE AS AN INDICATOR TO YOUR OWN WORK.
Cheers
As this is being written 1241.75
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