Two related press releases... New Futures Exchange Unveils Name: ELX Electronic Liquidity Exchange http://biz.yahoo.com/prnews/080311/nytu160.html?.v=101 ELX Launches Its ISV Program http://biz.yahoo.com/prnews/080312/nyw045.html?.v=101
I've been trading the 30 yr for awhile but as some have noted it just seems to be the bastard step-child now. The trading volume is going lower everyday and the movements just don't seem to be working as well as they used to. I don't know if this will continue but it makes me want to start replacing with the 10yr. thoughts?
It looks like that worked out YT....good man, I sold from 118.5 to 119.5 and just finished covering (poorly, I may add!) ..... I may need to dry clean my boxers on that move. You really need to scale into this pig these days on either side, especially on a 2 point range day! good trading! el surdo
chaos is fun you just have to adjust how to trade this $hit! Everything is nuts: bondo, spooz, oil, grains gotta love the vol! Something new everyday today it was the S&P coming out and saying something positive and the TY auction which was crap.
This thing is a whip to the max. Huge ranges everyday, and somehow I think the 1/64 tick is really affecting the volatility, although thats just my humble opinion.
Surdo Yeah it worked out pretty well for me although I took profits way too soon but my orders were preplaced. The vol has been crazy in just about everything lately and I know most guys like it but to be honest I would be a little happier with things toned down just a little bit Started to rally hard today and I thought my position of short strangles in the apr 10yr options might be in danger but we sold off later so its all good. No school tomorrow for me so im looking forward to a full day's worth of trading!!!