Bund Bobl and Schatz Thread

This is a discussion on Bund Bobl and Schatz Thread within the Commodities & Money Markets forums, part of the Markets category; I'm short 10 lots of Bund at 88s...

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Old Feb 20, 2008, 3:43pm   #16
 
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I'm short 10 lots of Bund at 88s
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Old Feb 20, 2008, 5:23pm   #17
 
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did you hold your short through that pop up in the bund? 72's are trading now on the bund, but you'd have had some heat for the hour after you posted!
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Old Feb 20, 2008, 8:47pm   #18
 
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Originally Posted by Arbitrageur View Post
did you hold your short through that pop up in the bund? 72's are trading now on the bund, but you'd have had some heat for the hour after you posted!
No heat, no fun!

There was a setup the way I like them on 30m, Arb. The trigger bar put in a high of 96 before breaking the low at 88s so I took it with the 9 tick stop.

Trading was very slow with no real direction on the ladder (1 tick down, 1 tick up etc) so everytime I went in at 88, I put in a take profit at 87 and a re-entry limit order at 88. I managed to do this several times taking a tick each time and then started putting my re-entry limit orders higher each time when I saw that it wasn't breaking lower.

So I'd go in at 88, out at 87, re-entry at 89. In at 89, out at 88, in at 90.

And so on.

So I took a good number of ticks this way rather than simply entering and waiting but then eventually missed the whole move down when it eventually broke without me. lol
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Old Feb 21, 2008, 2:13pm   #19
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buy 'em started this thread Congrats on the profit.

Big size sitting on the offers in schatz. I look for the market to break through that size and head higher.
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Old Feb 21, 2008, 2:20pm   #20
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buy 'em started this thread long @ .465 profit target @ .495
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Old Feb 21, 2008, 2:27pm   #21
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buy 'em started this thread Out at .46 now short at .46 just leaning on that size. Looking for 3 ticks here.
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Old Feb 21, 2008, 2:32pm   #22
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buy 'em started this thread Out .445
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Old Feb 21, 2008, 9:41pm   #23
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Buy 'em,

Tried the Schatz today on simulator. Deep market - up to 20,000 on bid/offer. Started with 5-minute bar but later found 2-minute bars far better. Made a net 22 points trading from one contract and adding to position (up to 5) if was moving quickly in my favour. Made 42 net on Bobl. It's the rallies that keep catching me out on the wrong side.

Yesterday on the bobl was pretty good/transparent - any sell-off was countered immediately by buyers taking it up again with monotonous predictability. However, I reckoned it was only a matter of time before a sell-off turned into a (relative) rout. And it did, and I was caught. Such is life. A good day could have been better but I learned from this.

Let's see what happens tomorrow.

Good trading,

Grant.
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Old Feb 21, 2008, 9:52pm   #24
 
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Quote:
Originally Posted by grantx View Post
Buy 'em,

Tried the Schatz today on simulator. Deep market - up to 20,000 on bid/offer. Started with 5-minute bar but later found 2-minute bars far better. Made a net 22 points trading from one contract and adding to position (up to 5) if was moving quickly in my favour. Made 42 net on Bobl. It's the rallies that keep catching me out on the wrong side.

Yesterday on the bobl was pretty good/transparent - any sell-off was countered immediately by buyers taking it up again with monotonous predictability. However, I reckoned it was only a matter of time before a sell-off turned into a (relative) rout. And it did, and I was caught. Such is life. A good day could have been better but I learned from this.

Let's see what happens tomorrow.

Good trading,

Grant.
We don't have Bobl and Schatz on sim so it's just Bund for me. I did my **** today - sorry couldn't resist using that phrase. I've found it hilarious ever since one of the big Bund traders that sits behind me whimpered it during it the last US IR anouncement.

It so cool trading the Bund direct market. Before I got in at a prop firm I was spreadbetting it with a spread of 3 ticks!
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Old Feb 21, 2008, 10:42pm   #25
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TD,

**** doesn't translate very well on T2W. Rearrange the letters and I'll work it out.

Can you get bobl and schatz on charts? If you can, it may be an idea to compare them with the bund. I would say the difference between the three is dependent on your time-frame. If it's intra-day/ scalping, the bund is the most volatile. Beyond an hour, I reckon the relative difference between the three (in volatility) is not that great.

The difference in absolute volatility is possbly due to the frequency/size of trades and depth of market - the bund trades more small sizes at a higher frequency but with the least depth; bobl trades larger sizes with less frequency but greater depth; schatz with even larger sizes with even less frequency but with the greatest depth. That said, the Scahtz is no picnic to scalp - it can still catch you out.

Grant.
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Old Feb 22, 2008, 5:15am   #26
 
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Originally Posted by grantx View Post
TD,

**** doesn't translate very well on T2W. Rearrange the letters and I'll work it out.

Can you get bobl and schatz on charts? If you can, it may be an idea to compare them with the bund. I would say the difference between the three is dependent on your time-frame. If it's intra-day/ scalping, the bund is the most volatile. Beyond an hour, I reckon the relative difference between the three (in volatility) is not that great.

The difference in absolute volatility is possbly due to the frequency/size of trades and depth of market - the bund trades more small sizes at a higher frequency but with the least depth; bobl trades larger sizes with less frequency but greater depth; schatz with even larger sizes with even less frequency but with the greatest depth. That said, the Scahtz is no picnic to scalp - it can still catch you out.

Grant.
LOL the word was slang for backside. Four letters, first one a and ending with e. hahaha!

What do you mean by depth?
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Old Feb 22, 2008, 6:23am   #27
 
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Did my **** - Traderpedia

replace the stars with a rse. interesting definition
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Old Feb 22, 2008, 9:49am   #28
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TD,

"Depth" refers to liquidity/total volume available on the bid and ask to the current 10 levels in my examples. See attachment.

The total volume figures are shown at the top of each table. Figures at extreme left of each table are last trades (red for sales, blue for buys). This is Time and Sales without the Time, so to speak.

Despite what I said above, the bobl today seems relatively shallow. Maybe I should re-check my figures.

Grant.
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Old Feb 22, 2008, 12:11pm   #29
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buy 'em started this thread Good to see everyone enjoying the thread. Imo schatz is superior to both bund and bobl. I mean think about it. You can do as much size as you want, it lags the bund, is a little more sane then the rest of them. I actually like schatz for scalping 3 ticks the best. I find watching tick charts along with the orderbook is the best way to trade this market with size for 3 ticks.

Just finished up today and after closing the platform I think we are headed lower but thats just me. Had some huge size on the offers and paper was a seller as of late. Made some good money leaning on that size and flowing with paper. I think we could break through that trendline very soon and start heading lower from there today. We have overhead resistance on the 133 tick chart and we are coming to an apex in this market.

Good Trading Guys
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Old Feb 22, 2008, 6:29pm   #30
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Buy 'em,

What do you mean by "leaning on that size "?

Grant.
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