11/03/2018 – 30 YR Treasury Bond
December 30 year U.S. Treasury bond:
1. On October 25 we indicated new short entry in the December bond at $137.28 for an expected decline. However, the bond market advanced and stopped us out at $139.12.
2. In originally publishing this trade it was noted that any hourly or daily close above $139.08 should reverse and go long for an expected completion of $139.27.
3. Subsequently, the S&P did advance higher and completed the $139.27 target (swing high $139.28). If addressed properly this trade resulted in a small loss/breakeven for the entire position.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.