so, the price reflects the overall spread price not a "per day up or down amount" to be added up everyday...
snow- the spread contract is a contract itself. 12.50 per tick, just like the futures. The link below gives the full contract specs for GE spreads. http://www.cmegroup.com/trading/interest-rates/files/eurodollar-cso-specs.pdf
just called my broker and learned about "mark to market"...okay...I open A Eurodollars spread today at 5 and it closes at 10 today...5x5 ticks are added to my accout...tomorrow, basing off of my open position start point of 5...if it goes to -5..then 10x10 ticks are subtracted from my account...I THOUGHT I just get a gain or loss when I close out the futures contract spread...hmmm...insight...
I'm still short canaussie....open p/l on this is offsetting my miserable long GEZ8/GEZ9 position. I'm not bailing on that unless we close below 30. I'm shooting for 1068 on short canaussie after shoring yesterday at 1384.
Critical point here for the fixed income.. have lots of important levels being hit in a number of my markets EDZ8/EDZ9 ZN/ZB and the $TYX all critical levels here... could go either way... the trends are pretty clear, so that's easy enough.. but it looks like things will be turning around soon.. Is that vague enough? hehe
1341, I am picking up some major steam on ever ysingle cattle and pig spread so i might as well be a little aggressive with the profits. Still running tight stops on these currencies
Thanks homes...a little handcuffed today..was going to get long the Aussie but got distracted.. which means you should get long hehe