Anybody else short US 30 Bond

Quote from Surdo:

The fills on Ninja Trader SIM are very realistic...when the book gets cleaned out for 10 levels, is that realistic enough for you?
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unfortunately very realistic!.... :( :D :eek:
 
That sounds good.

I will stick at the sim for a while longer then if it is that realistic.

I thought that it wouldn't give a real simulation of slippage but it sounds like it does.

Thanks chaps.
 
I don't trade with charts. By no means do I think I'm better or worse than trader's I know because of it. But, in all honesty, it takes hours and years of staring at the market (and making a ton of mistakes) to learn price action sufficiently enough.

And with the current price action of ZB and ZN (not to mention the market conditions) I wouldn't encourage trading Treasuries as a beginner right now.

Doesn't matter how good you are, an eight tick sweep in your face breaks even the best traders I've met. It can cause a lack of discipline and focus. That doesn't even begin to scratch the surface of the stress and mind games it will play on you.
 
Quote from Ticktaker:

I don't trade with charts. By no means do I think I'm better or worse than trader's I know because of it. But, in all honesty, it takes hours and years of staring at the market (and making a ton of mistakes) to learn price action sufficiently enough.

And with the current price action of ZB and ZN (not to mention the market conditions) I wouldn't encourage trading Treasuries as a beginner right now.

Doesn't matter how good you are, an eight tick sweep in your face breaks even the best traders I've met. It can cause a lack of discipline and focus. That doesn't even begin to scratch the surface of the stress and mind games it will play on you.
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Good to hear there you are trading without charts TT, at least I know it is possible now. :)

Sounds like you went to the school of hard knocks but is there any books etc worth reading for a beginner?

Also are there any other contracts that might be better or everything is haywire right now?
 
a lot of us looked at price action only in the past.... I still use price action to trade the ten year. I think the 30Y would be hopeless becasue it sweeps too much and the sweeps mean nothing on zero volume.

intraday postion trading also works too. Just have a good reason for the trade. ie lots of consolidation or the market swept and then hesitated or turned

start trading tresuries and make the book deeper!!
 
Quote from bali_survivor:

you can say that again
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yea this is a trade very foolish to take on heavy leverage or without options (as any, right?)

I still think it is a great sell. What a great sell. There's so much cash in the sidelines...
 
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