Guys. I'm a newbie in trading. and as most of you, working hard to make my place under the sun. Anyone of you can explain me what could shift the price of the bonds market that much. I observed huge spike in price at 18:00 GMT. similar spikes all over the market. I suffered badly from this price jump as was short on bund. I have not found any fundamental news on the internet which could explain such move.
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bonds market. What was that?
- Thread starter alexgorik
- Start date
Quote from alexgorik:
Guys. I'm a newbie in trading. and as most of you, working hard to make my place under the sun. Anyone of you can explain me what could shift the price of the bonds market that much. I observed huge spike in price at 18:00 GMT. similar spikes all over the market. I suffered badly from this price jump as was short on bund. I have not found any fundamental news on the internet which could explain such move.
Was your setup in place and did you execute it. Thatâs all that matters, trust me you have to loose the notion that you have to know whatâs going to happen next.
Some of the best trades are before news releases, but most miss out because they think the need to know what the news is before they trade.
If you canât tell me what you best setup is then you really should not be trading with real money.
There I have done my good deed for the day.
Quote from Surdo:
Ever hear of an auction?
I really hope you are trading on a simulator account!
Nope , I'm trading real money but not a big sums and only those I can loose so i'm not much worried. but I'm really surprised as this is the first time I saw something like that on the market. I'm still not really getting the point. New bonds went on the market. At this point with oversupply on the bonds market, with interest rates going up shouldn't the prices go down. As the worst of crisis is behind shouldn't be the bonds of different companies with higher interest be more attractive compare to goverment bonds? most impotant question. I guess I always have to consider in future any upcoming auctions. Is such spike happen often?
Quote from Roman Candle:
Was your setup in place and did you execute it. Thatâs all that matters, trust me you have to loose the notion that you have to know whatâs going to happen next.
Some of the best trades are before news releases, but most miss out because they think the need to know what the news is before they trade.
If you canât tell me what you best setup is then you really should not be trading with real money.
There I have done my good deed for the day.
Thanks
Alex, just made sure you check the econ calendar every single day and map out the important news released. Generally you'll see the 8:30, 10am, 1pm bond auctions and occasionally the 2:15 FOMC release as major times to look out for
All you need to know isâ¦.. is my setup there yes or no. Do I have the proper risk management in place yes or no.
Everything else is meaningless. If your setup occurs 1 min before a news event you take it without hesitation PERIOD.
So if you donât know what you best setup is and you donât understand risk management, yes you need to wait.
Everything else is meaningless. If your setup occurs 1 min before a news event you take it without hesitation PERIOD.
So if you donât know what you best setup is and you donât understand risk management, yes you need to wait.