Best Thread Bund Bobl and Schatz Thread

Directional

Well-known member
Feb 17, 2005
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#17
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

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Aug 18, 2005
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#18
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

Active member
Jan 28, 2008
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#19
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.
 

grantx

Well-known member
Jun 18, 2006
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#23
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.
 

trader_dante

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Aug 18, 2005
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#24
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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grantx

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Jun 18, 2006
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#25
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.
 

trader_dante

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Aug 18, 2005
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#26
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?
 

grantx

Well-known member
Jun 18, 2006
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#28
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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buy 'em

Active member
Jan 28, 2008
126
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28
Iowa
#29
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