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; did you hold your short through that pop up in the bund? 72's are trading now on the bund, but ...

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Old Feb 20, 2008, 6:23pm   #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, 9:47pm   #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, 3:13pm   #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, 3:20pm   #20
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buy 'em started this thread long @ .465 profit target @ .495
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Old Feb 21, 2008, 3:27pm   #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, 3:32pm   #22
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buy 'em started this thread Out .445
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Old Feb 21, 2008, 10:41pm   #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, 10:52pm   #24
 
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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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Last edited by trader_dante; Feb 22, 2008 at 6:12am.
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