CL Redux
- Thread starter schizo
- Start date
T- notes trading unit ...
http://www.pascalroussel.net/interest_rate_futures.htm
Suppose that a trader buys such a contract one day at
110-155 or 110 31/64
and the next day it is settled at
110-160 or 110 32/64
His profit is 1/64 or one tick (=$15.625) that will be added to his margin account
--
Treasury Bond Futures (TY)
T-Bond and T-notes are traded at the CBT. Both trade in units of $1000000 and expire in May, June, September and December
The quoted price for a T-bond or T-note futures is the same as the price for T-bonds and T-notes and is given in 1/32 (not decimals).
This means that here also, the quoted price is not the same as the cash price!
http://www.pascalroussel.net/interest_rate_futures.htm
Suppose that a trader buys such a contract one day at
110-155 or 110 31/64
and the next day it is settled at
110-160 or 110 32/64
His profit is 1/64 or one tick (=$15.625) that will be added to his margin account
--
Treasury Bond Futures (TY)
T-Bond and T-notes are traded at the CBT. Both trade in units of $1000000 and expire in May, June, September and December
The quoted price for a T-bond or T-note futures is the same as the price for T-bonds and T-notes and is given in 1/32 (not decimals).
This means that here also, the quoted price is not the same as the cash price!
today 10 year T-note is wild ride range more than 2 points
from 112 -000 to 114 -000 ( at some point shot above this)
it means the range was
2 x 60 x $15.625 ( each tick ) = close to $2000
- I know this is unusal big move as is evident from chart
http://www.pfgbest.com/traders_tools/quotes.asp?page=chart&sym=SRU11
T-note experts , can you confirm my above calculation ? I am trying to get some handle on this T-notes future market ..
from 112 -000 to 114 -000 ( at some point shot above this)
it means the range was
2 x 60 x $15.625 ( each tick ) = close to $2000
- I know this is unusal big move as is evident from chart
http://www.pfgbest.com/traders_tools/quotes.asp?page=chart&sym=SRU11
T-note experts , can you confirm my above calculation ? I am trying to get some handle on this T-notes future market ..
ES has roughly 9-10X more volume daily than CL, so a 1000V or 1100V chart should roughly do it. Basically, how many bars do you want to show in a day? Divide the average daily volume (only use the volume of a 1440m chart, not the volume of a daily bar) by the number of bars you want in a day, and there's your volume bar amount.
After having my ass handed to me on a couple of trades with a good premise but poor execution and timing, I'll just say that we look down to me. Buyers are buying 82, however, so perhaps a revisit to 82.90 (yday high) is in order. However, the channel (see 5m) has been violated to the downside, and the second poke to y'days high marked the first high that did not make a new high. 80.00 would make a nice downside target.
Nice one JD
10:00am Wholesale Inventories est. 1.0% range 0.3% to 1.5% prior 1.8%
10:30am DOE Crude Inventories est. 1350K range -1500K to 3000K prior 950K
DOE Distillate Inventory est. 1050K range -200K to 2000K prior 409K
DOE Gas Inventories est. 900K range -2500K to 2000K prior 1701K
DOE Refinery Utilization est. -0.3% range -1.5% to 1.0% prior 1.0%
10:00am Wholesale Inventories est. 1.0% range 0.3% to 1.5% prior 1.8%
10:30am DOE Crude Inventories est. 1350K range -1500K to 3000K prior 950K
DOE Distillate Inventory est. 1050K range -200K to 2000K prior 409K
DOE Gas Inventories est. 900K range -2500K to 2000K prior 1701K
DOE Refinery Utilization est. -0.3% range -1.5% to 1.0% prior 1.0%
Thanks V.Quote from Visaria:
Congrats BCE on all your trading the past week or so.
Made $9k yesterday so that was great. Haven't done that well in quite a while. I'm trading more than one contract a lot of times and it's gone well. Plus if CL isn't moving I move to something else until it does. ADD: Wasn't feeling well this AM so slept in. Just got here. Up +8 ticks. Now I can retire.