You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Anybody else short US 30 Bond
- Thread starter richard_m
- Start date
Quote from ivanbaj:
Volume bugs the crap out of me.
You need to add all contracts to get the total volume. Just the June volume was not the highest volume but if you add the September you might get quite high.
I have not found a reliable method to trade volume. Some time ago I lost some good $$$ not exiting a move against me because it was on a low volume. It kept going and going and going on low volume. There was no interest but never the less the price kept going and going. Since then I try to avoid the volume.
Let me know if there is an easy method to trade volume.
I've seen this so many times that I've completely given up on volume with one exception. If we are having a spike move up or down in the ZN, I notice that time after time a huge volume spike is an indicator that the move has fizzled out. I don't use it to reverse, I use it simply to lock in profits on some of my contracts, or tighten stops.
Note that the above observation is on a 1, 3 and 5 minute chart.
Quote from johnpinochet:
I would love to buy now at 117 220 which I'm showing as the MP POC. However, my fairly strong pivots show a possible low of 117 160 which is too far away at the moment for this weak action we've had since 1000 hrs EST.
short 22.5 covered 15.5 and 16 carnage again get ready for the red headed stepchild auction (7YR) this price action is crazy, hey comentel NO one and I mean NO ONE gives a $hit about gold that contract sucks filled with program sweepers and pikers.
Quote from invertedCurve:
short 22.5 covered 15.5 and 16 carnage again get ready for the red headed stepchild auction (7YR) this price action is crazy, hey comentel NO one and I mean NO ONE gives a $hit about gold that contract sucks filled with program sweepers and pikers.
Yeah, 117 175 was close enough to my 117 160 pivot to start going long at 117 190 to 117 200. Nice bread and butter trade for me. I only look to net 3 - 6 ticks on a trade.
117 225 was an excellent conservative short. I assume you did it sometime between 1100 and 1140 EST.
Between MP and market geometry, I had that level as a significant one if breached on the downside.
1303 EST Darn, posting here and I miss the 117 080 short at 1301 EST....
I was even thinking about setting it up in Ninja Trader but decided a break was in order. That was probably the no-brainer, no sweat at all, trade of the day.
I was even thinking about setting it up in Ninja Trader but decided a break was in order. That was probably the no-brainer, no sweat at all, trade of the day.
1305 EST In case you're watching the chart live, I never take the same no sweat trade twice in a row with the same size. The second time around they are playing with you. I say this because we are back up to 117 080 again after that sweet short ride down to 116 310.
Quote from johnpinochet:
Yeah, 117 175 was close enough to my 117 160 pivot to start going long at 117 190 to 117 200. Nice bread and butter trade for me. I only look to net 3 - 6 ticks on a trade.
117 225 was an excellent conservative short. I assume you did it sometime between 1100 and 1140 EST.
Between MP and market geometry, I had that level as a significant one if breached on the downside.
yeah had to sit in it for ever, sold at 9:59am central then just sold 16 on the ride back up covered 7.5 to make back what I lost in the am, if they don't get back over 117.08-12 again they are f#cked.
I got f%&^ by IB today. I failed to understand this:
They sell any long ZN positions on:
"2 hours before the end of open outcry trading on the business day prior to First Notice Day (longs) or Last Trading Day (shorts)"
So I was long 10 contract at 055 at 11:59
They sold them with no indication on my TWS screen at 12:03 with $503 loss as promised on their website.
I take a nice f**** profit at 13. And the PNL show I am -503 instead of + tons tons of cash. AND it shows that I am short 10 contracts. I promptly bought 10 more with 1tick loss for another -$190. So I nice f**** $700 loss for nothing. Instead of making $2343. What a f***** day.
It is my fault at the end but I am maaaaaaaaaaaaaaad.
Can you help with this data from CME: Why are there 2 delivery dates? First Delivery 06/01/2009 and Last Delivery 06/30/2009.
I did not realize that delivery starts on 6/1/2009
P.S. After I bought the last 10 to get flat on the TWS screen I was freaking out as I was not 100% sure I am flat. Called IB and it took 10 f***** minutes (as the price was going down) to get a human to tell me I that am flat and he explained what happened.
They sell any long ZN positions on:
"2 hours before the end of open outcry trading on the business day prior to First Notice Day (longs) or Last Trading Day (shorts)"
So I was long 10 contract at 055 at 11:59
They sold them with no indication on my TWS screen at 12:03 with $503 loss as promised on their website.
I take a nice f**** profit at 13. And the PNL show I am -503 instead of + tons tons of cash. AND it shows that I am short 10 contracts. I promptly bought 10 more with 1tick loss for another -$190. So I nice f**** $700 loss for nothing. Instead of making $2343. What a f***** day.
It is my fault at the end but I am maaaaaaaaaaaaaaad.
Can you help with this data from CME: Why are there 2 delivery dates? First Delivery 06/01/2009 and Last Delivery 06/30/2009.
I did not realize that delivery starts on 6/1/2009
P.S. After I bought the last 10 to get flat on the TWS screen I was freaking out as I was not 100% sure I am flat. Called IB and it took 10 f***** minutes (as the price was going down) to get a human to tell me I that am flat and he explained what happened.