Trading 10 year or 30 year?

Quote from mcurto:

Hopback made some good points as well. I would agree most of my good trades come from giving up edge to get in (contrary to what most prop shops say to do) and then working the bid or offer to get out. If you can stomach some decent swings take positions into numbers, I do that quite a bit if there are some gaudy options flows 5 minutes before a release and it is a new position (that is obviously telling you something). On the other hand, when the big longer-term vol sellers come in I tend to look to just sit on the outer edge of recent ranges and not look for breakouts.
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All newbies copy and remember what mcurto has written here. and remember it.
 
Quote from FullyArticulate:

The bid/ask you're competing against is generally very large. The moves occur on the floor, in my experience. As a result, it seems unlikely you'd get regular fills on the bid or ask.

Even now (after hours) on bonds there are between 500 and 1800 contracts on the inside bid and ask. Only 3406 electronic contracts were exchanged today.

10 year may be even worse. At the moment, there's 2800 contracts on the inside bid, 490 on the inside ask. Today, a total of 7249 contracts traded hands electronically.
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:confused:

where are you getting your figures from?

http://www.cbot.com/cbot/pub/page/0,3181,1265,00.html

Maria
 
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