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i am trading the treasuries 5,10,30 years. its quite a choppy market with less Action at These times. i dont know why.
is there anyone who has also difficulties with These markets at the Moment.
i trade based on the DOM only. so no technical bla bla bla.
Can you help answer these questions from other members on NexusFi?
I completely agree. Nothing I am doing right now is working and I also trade using the DOM (Jigsaw). I guess sometimes you have to step back and take a break or choose a different market, the later of which I have been hesitant to do...the grass is always greener sort of thinking which has backfired in the past. Very frustrated with the current situation and hope things change soon. Good luck!
i like the treasuries bc the markets are thick and you know pretty early if youre right or wrong.
i tried trading the ES and it is consuming too much energy and Focus when you concentrate too much
on the very fast moving DOM. and besides when compaired to the ten year note: one tick in the ZN equals in 3 ticks
in the ES. but their tick size are nearly the same. i cannot handle the psychological aspekt therefore.
i prefer thicker and slower markets and entering with size than to less thicker like the bund or ES which
have more up and down ticks. maybe i take a shot with eurostoxx50 as i am from Germany.
I personally had my best stretch ever trading orderflow off jigsaw in bonds lately. I'm unsure if I can keep it up, but in general it's possible. It's definitely possible to learn the orderflow to a point where you really understand what's going on. How long have you been watching?
i read the orderflow very well, my Problem is that i dont like to scalp just 1 or 2 ticks and sometimes give away These ticks. the market is quite choppy this month. noone makes moves, ist ranging all the time, up tick down tick etc.
lack of interest in carrying the market. sometimes you have one spike, range Extension and then the markets chopps ist way to the range. but These Kind of Plays arent really good ones to Play.
i myself did study the DOM for about 5 months now. i opened a real account with a Broker and i want to make the Transition to real trading. i studied verious markets. the ES, CL, EU50, Bund and US treasuries. i am quite good at US Treasuries.
You know you just raised an excellent point right there. Something that imo has led to me becoming more consistent. If you exit positions immediately what's wrong with scalping for 2 ticks. 2 ticks is $62.50. That's more than a point on ES. The way I see it, when I take 2 ticks I'm really taking 5 ticks on ES. Al brookes minimum scalp in ES is 1 point (4 ticks), so I'll certainly take the 5 ticks or at least partial profits there. Meanwhile i understand UB & ZB's natural oscillation, and if I see I'm going to get rolled on in an oscillation I get out immediately. Even Grady from no BS sometimes takes 1-2 ticks. Imo this is what turned the page in my trading. Did u know the flipper (the best euro fixed income trader ever) is only looking for 3-5 ticks in a position (sure it's more volume but still). That works out to be $30-$50 a trade. Maybe I'm crazy or stumbled on this way of thinking incorrectly, but imo a scalp in ZB UB is 2 ticks, in crude is 5 ticks, in Es is 4 ticks. And so on. Half of its natural oscillation. Gives u plenty of room to get in and out. Don't get me wrong I still leave some of the position running, and when I see a great trade I leave the entire thing on. Like last Friday I captured 7 ticks near end of the day and yesterday I had 2 trades one for 7 once for 5. Either way I think you may be remiss to simply over look those 2 ticks on your screen.
thank you both very much for answering me.
@Raider thanks for your tips
i contacted also a bond Trader and he said all is well for him,
so i think it was just my fault and i will stick to it.
but this way i know that it is possible to make Money in such Environments
and circumstances. i just Need to adapt to it.
Most of the treasury traders I've spoken with are more trend type traders. They're looking to catch as big of a swing as they can off an entry signal. This kind of market can be very difficult for that type of trading, and I definitely find them challenging. There's a lot of false signals, and it's hard to know when to close your winners. My experience is we'll maybe get one good swing, and if you miss it you miss it.
For me I've been trying to avoid such days. I'll still watch the market, and look for places that I could have gotten filled or try to predict which prices will get revisited. Basically just testing strategies for a slower market.
People are rolling over to the new contract, and there wasn't a whole lot of news this week. Not to mention that we just came out of a pretty crazy move followed quickly by the market finding pretty solid balance around 154 in ZB. Seems this combination has resulted in a very quiet week for bonds. Preliminary GDP tomorrow could give us some movement, and there's some significant news numbers next week.
Hate to say it, but this may start to become the norm more and more as we move along. You just aren't going to see the crazy action like we did during QE anymore.
Agree that this are choppy days and not easy to read DOM, Tape & Context. Good to hear, I am not the only one struggling with ZB. For the time being I trade less to None. Looking for clean moves to get 1-3 ticks. Trend trading doesn´t work. I definitively do not trade at major support and resistance Levels compete with the fast guys or beeing stopped out with the small guys. My Location is somewhere in between...
