if ZN stays over 28, 117.04 then 117.165
looks like supply announcement/reopening at 10 am cst scared off some players
looks like supply announcement/reopening at 10 am cst scared off some players
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Anybody else short US 30 Bond
- Thread starter richard_m
- Start date
Quote from bearcats1980:
Those of you who trade 10 year ...
What are you primarily watching for an indication of which direction we're going in (other than price action). Ie which other markets are you taking directional cues from? I imagine most 10yr scalpers cue off of movement in other markets along with getting a feel for price action and what paper is doing, playing levels, etc. Appreciate the feedback!
I got this from somewhere on the web over a year ago and it seems to help me a lot.
13min chart
21 EMA
Pivot Point
if price opens above the pivot and above 21 EMA the initial directions is going to be up.
if price opens below the pivot and below 21 EMA then the initial direction will be down.
if price opens in between the pivot and 21 EMA do nothing and wait for a direction indicated by 2 bars closing above/below pivot and 21 EMA.
again - this is only good for determining initial market direction.
play at your own risk.
Hi,
I am noob trading US bond futures mostly asian session.
I am using CQG to follow up on cash bonds, BG Cantor data.
I have a few queries?
1. During New York session What is the typical spread in 30 yr cash bond, i have observed it to be 2-4 tick wide, e.g currently 9 am GMT today quotes are 97 30.5 & 98 01.5, is this something to do with my data source or is it normal?
2. Anyone trading Eurex bonds, how do u track cash market , i have used BGCantor EGB & Tullet Sovereign debt on CQG but there is no liquidity, it doesnt seem to move for hours together, any suggestions? how i can track them?
Good trading to all
Naveen
I am noob trading US bond futures mostly asian session.
I am using CQG to follow up on cash bonds, BG Cantor data.
I have a few queries?
1. During New York session What is the typical spread in 30 yr cash bond, i have observed it to be 2-4 tick wide, e.g currently 9 am GMT today quotes are 97 30.5 & 98 01.5, is this something to do with my data source or is it normal?
2. Anyone trading Eurex bonds, how do u track cash market , i have used BGCantor EGB & Tullet Sovereign debt on CQG but there is no liquidity, it doesnt seem to move for hours together, any suggestions? how i can track them?
Good trading to all
Naveen
Also does anyone has some good literature on US cash bond trading mechanics like, i only found this on the net
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1017530
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1017530
Look for the old Solly 'Understanding the Yield Curve' series of papers by Antti Ilmanen. It's one of the best...
Quote from NAVEEVIa:
Hi,
I am noob trading US bond futures mostly asian session.
I am using CQG to follow up on cash bonds, BG Cantor data.
I have a few queries?
1. During New York session What is the typical spread in 30 yr cash bond, i have observed it to be 2-4 tick wide, e.g currently 9 am GMT today quotes are 97 30.5 & 98 01.5, is this something to do with my data source or is it normal?
2. Anyone trading Eurex bonds, how do u track cash market , i have used BGCantor EGB & Tullet Sovereign debt on CQG but there is no liquidity, it doesnt seem to move for hours together, any suggestions? how i can track them?
Good trading to all
Naveen
30 cash usually 4-5 ticks wide sometimes it is 6-10 ticks wide for hours at a time (during US session) I can't imagine what is looks like during your hours, totally useless. I would try 10 yr cash better indicator. 30 yr cash has been $hit for a while now and there are very few players these days. Eurex Cash only available to Euro land players helps keep Euro banks with an edge. Since you have the cash feed keep up what the 2/10, 2/5, 5/30, 10/30, etc... are doing it will help. Also have the yields up you can see things others can't in real time a great tool. But there really is not a lot of movement during your hours more friendly to someone learning the mkt.
P.S. Goldman Sith recommended to their clients to go long ZN when it was trading at the 115 handle for a target zone of 118-120. Seems to be working with the spooz sell off we'll see if the spooz break the 872-876 zone which would be a daily chart head and shoulders break could be a quick trip back to 830 which would get a nice reduction in yields but we shall see.
1. I don't know what CQG is, but I am seeing 1.5 - 2 ticks spread in US 30y during NY time.Quote from NAVEEVIa:
Hi,
I am noob trading US bond futures mostly asian session.
I am using CQG to follow up on cash bonds, BG Cantor data.
I have a few queries?
1. During New York session What is the typical spread in 30 yr cash bond, i have observed it to be 2-4 tick wide, e.g currently 9 am GMT today quotes are 97 30.5 & 98 01.5, is this something to do with my data source or is it normal?
2. Anyone trading Eurex bonds, how do u track cash market , i have used BGCantor EGB & Tullet Sovereign debt on CQG but there is no liquidity, it doesnt seem to move for hours together, any suggestions? how i can track them?
Good trading to all
Naveen
2. The EUR/GBP mkts are closed during Asian hours. Nothing trades, so it's no wonder that you're seeing zero liquidity. It only makes sense to look at the EUR mkt between 7AM and 9PM GMT. Again, I don't know anything about CQG.