Market Making Eurodollars

[noobtrader1]

Does anyone market make eurodollars here?

I've been doing this for about a month now and I don't know what I don't know.

Any words of wisdom or experience is appreciated!

 

[Martinghoul]

What do you mean "mkt-making eurodollars"? Like you're on the bid and on the offer at the same time, providing liquidity?

 

[noobtrader1]

Yeah that's what I mean. I'm curious to any information/experience/words of wisdom to market making the spreads of the eurodollars specifically.

 

[Martinghoul]

Yeah that's what I mean. I'm curious to any information/experience/words of wisdom to market making the spreads of the eurodollars specifically.

So you're mkt-making spreads or outright contracts?

Regardless, my words of wisdom are as follows: "BE CAREFUL".

 

[noobtrader1]

Market making spreads.

Anything else besides for be careful?

Anyone else?

 

[marcusant]

I traded Eurodollar spreads for about 6months. they can have vicious moves followed by days with tight ranges. Be careful not to get ironed out by these shifts!

I think the fly levels held fairly well towards the back of the curve (mar11 jun11 onwards)

I would often give back days worth of profits in one foul swoop.

Good luck!

 

[chehade]

which spreads? whites, reds, greens etc how close ? ie 1 tick, 2 tick, size?

 

[arabianights]

I've been doing this for about a month now and I don't know what I don't know.

Well, what do you know?

Can start from there

 

[arabianights]

P.S. You could also try posting this at www.propboards.com, new site for this sort of question.

 

[davedavethetrader]

shameless plug!

trading dollars....get cheap fees and scratch alot, oh, dont trade numbers.

youll be fine....

 

[noobtrader1]

I traded Eurodollar spreads for about 6months. they can have vicious moves followed by days with tight ranges. Be careful not to get ironed out by these shifts!

I think the fly levels held fairly well towards the back of the curve (mar11 jun11 onwards)

I would often give back days worth of profits in one foul swoop.

Good luck!

Did you market make them or trade them directionally? Did you keep a portfolio of the spreads or close out your positions daily? Why did you stop trading them?

 

[noobtrader1]

which spreads? whites, reds, greens etc how close ? ie 1 tick, 2 tick, size?

Like sep0 until mar3.

what do u mean 1tick 2tick? I trade around 20 lots now.

 

[noobtrader1]

P.S. You could also try posting this at www.propboards.com, new site for this sort of question.

The site looks good, is it yours?

 

[arabianights]

nope, run by t2w