Best Thread Bund Bobl and Schatz Thread

[buy 'em]

Hey everyone! Im new to trade2win and this is my first post. A little about me. I am very young, have been in the markets for a little over 2 years now. Currently am a position trader and also trade the schatz intra day from 3am chicago time-7am chicago time. While my position trading has always been pretty successful (I still consider it my bread and butter), I struggled to be successful at intra day trading. I tried just about every single contract out there that was possible to trade and then I finally came to eurex fixed income. Everything just started to click after that and I have been trading the schatz ever since.

I thought this thread would be a great place for all the bund bobl and schatz traders to congregate. A place that traders can share thoughts about the market, what trades they currently have on, advice to newbies, etc.

Hope everybody enjoys each other's company and I hope this thread is successful.

Good Trading

 

[Richie_A]

Hi buy 'em, I'm about to start taking my first real trading steps trading the bund, bobl & shatz. I've been spreadbetting up until this point and just recently opened a brokerage account so I am happy for any advice you can give me. I'm using a trending system at the moment.

All the best
Rich

 

[grantx]

Richie,

I'm talking from a scalping perspective here.Buy 'em probaly knows more than me but I would suggest trading the bobl or schatz to start - the bund can be pretty wild at times (but so can the bobl).

Further, the bobl and schatz trade in 1/2 point increments (1-point for the bund). For me, this provides a psychological advantage in that when watching the DOM and the market starts to run away from you, the relative rapidity of price change in 1/2 point increments creates a greater sense of urgency to close. And you do.

Grant.

 

[Richie_A]

Right bobl & shatz. At the moment I'm about to start trading the futures on a IB simulated account just to get used to how the software and margin works. (Bit off topic) Could you recommend any other non-wild futures that are good to start with?

 

[arabianights]

STIRs are probably the least wild. Sometimes not even wild enough to trade with reasonable profit unless you take a big position (and so risk a huge loss with a black swan event) - it's common for the front months to only have a couple of ticks range in the entire day.

 

[Richie_A]

Hi arabianights, please check your PM inbox, I've sent a couple of questions about STIRs. (Trying not to change the thread)

 

[buy 'em]

Richie

I agree with grantx. Start by trading either the schatz or bobl first before moving to the bund. I myself have always traded the schatz and have no desire to start trading the bund or bobl. The reason the schatz is imo superior to the other two is becuase of the following. #1 schatz is half tick. #2 schatz is less volatile. #3 schatz lags the bund and bobl as a rule.

You could have an argument to trade the bobl over the schatz but I find that the bobl can be hard to trade off of using orderflow. The reason is that the bobl is the belly of the curve and is spread against every other part of the curve so a lot of times the moves won't make since compared to what the bund and schatz are doing. Looking at a chart I think the schatz is a little more crisp and has sharper moves.

Glad this thread is gaining some interest!

 

[buy 'em]

By the way stirs can be very good products to trade but unless you are spreading them against other months its tough to just scalp the market due to the tight ranges and huge bid/offers on a pro rata algorithm.

If you are going to scalp them make sure you don't scalp the front month and instead scalp something with a little more volatility. Also be aware of what the other months are doing so you can keep track of what the spread traders (majority) are doing.

I appreciate you trying to keep the thread on topic

 

[buy 'em]

Well looking towards tomorrow.......I have resistance up here for the schatz and expect it to break hard tomorrow. If we can break through .88 with some conviction I think we could trade lower all day long.

On the other hand a break above .94 and that would set the tone for a higher trade tomorrow.

However my bias is lower tomorrow.

Thoughts about tomorrow's trade in eurex fixed income?

 

[grantx]

Buy 'em,

Maybe I should start looking at the Schatz more closely.

Thanks for the info.

Grant.

 

[buy 'em]

Well im done for the day. Everything happened exactly as I thought. We broke below .88 early. Had some shorts pre placed at .88 and road them to .805

So that was my biggest trade of the day and I wasn't even out of bed for most of it lol!

Not really much going on after that. Just playing the trend we have going right now in the schatz for a few ticks but like I said im done for the day.

Good Trading Guys

 

[grantx]

Buy 'em,

Hope you managed to get your 88 after the gap; also the high on heavy volume. Good call.

Grant.

 

[buy 'em]

Yeah actually I did get it right about at the open. My order was pre placed ahead of time so it worked out great! Hope you guys all had some pretty good luck today as well. (my calls usually aren't that good but hey it worked out today lol)

Looking at the chart after today's session ended and it looks like we held some key support at .735 If we can start trading higher tomorrow early we might be in for a pop. If we break through today's low I think another big round of selling is on its way.

Thoughts anyone?

 

[trader_dante]

Hello, I'd like to join in. I am going to be concentrating on trading the Bund going forward.

 

[buy 'em]

Glad you are joining us.

I will try to post some of my longer term day trades on this thread (to hard for me to post all of my scalps).

Good Trading everyone.

 

[trader_dante]

I'm short 10 lots of Bund at 88s

 

[Directional]

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!

 

[trader_dante]

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

 

[buy 'em]

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.

 

[buy 'em]

long @ .465 profit target @ .495