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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Chip McVickar who wrote (40039)12/4/1999 5:20:00 PM
From: SE  Read Replies (2) of 44573
 
Chip,

The front month now is the March contract, US0H, or the mini XB0H...at least as far as I know it is the front month so that is the one I am trading at this point. The volume is higher on the March contract anyway.....

I am not too worried about the wiggle description. I have learned that my trading it quite different from GZ's and if I have 8 ticks or better on this short I will tighten down the stops and look for the exit shortly after that. GZ could give up 1/2 a point or a point intraday and as long as the close is where he thinks it ought to be, he doesn't care.

Very likely we both are right, or maybe even we both are wrong. Who knows. For my shorter term stuff I would have to trade the 30 min wiggles I think....take a look...maybe there is a 15 or 30 minute sell wiggle in the charts! :)

Project A, unless they changed the name recently, is the CBOT's overnight trading in the bonds. They have the symbol ZB0H for the overnight session. The mini bonds do not trade overnight so since I am short one mini bond, I only have two options in the overnight session....remain short one mini bond, or buy one large bond and be long the equivalent of one mini bond. However, they are not offsetting positions so I would have to close out both...which is different than the mini and large contract, where you can take an offsetting position and have them closed against each other...as long as you have 5 minis for each large.

Robert Barnes??? You will have to refresh my recollection...the name sounds familiar....who was he again??????/

Dang this old age stuff is a bitch.

-Scott
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