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Curious about bonds.
Seems lately they have exhibited much more trending than SP and ES --- as well as healthy price movement. On the other hand index futures average daily range has contracted --- and price action is way spasmo quite often.
On my charts each electronically traded "handle" of 5 Bond ticks is worth $156.25 compared to each ES point of $50.
therefore, roughly 3 ES points equals one bond "handle". I see quite a bit of price action in Bonds last several weeks that could have been traded very easily by simple trendlines and netted a very nice gain.
My observations indicate either trading the opening range breakout of the open till 9:30 CST period ---- or trading reversals which penetrate a morning trendline would be quite profitable.
Only problem I see is that CBOT does not allow stop limit orders ---- so you would have to accept a lot more slippage on entry fills . . .
Any comments appreciated by those who trade bond futures . . .
John
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