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Old 02-23-2008, 03:25 AM
alleyb alleyb is offline
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Re: Any Bond Traders?

The 30 year or Long Bond or T.Bond has always had a 90% plus MP or Market Profile correlation. The bond markets were in essence the first guys to really take to MP back in the 1980s and I don't know anyone who trades bond markets again whether that be US, EU, UK or Japanese as these are primarily where the main futures markets are who doesn't have a MP chart up all the time.
as for saying that the 30 yr is slow I think that is a matter of being in the eye of the beholder and suggests something about their trading style.
obviously taking different data sets from the Data Warehouse will produce slightly different results. For example taking S&P since inception in 1982 then the daily ATR is 9.44 per day but taking just 2008 then its 30.56. Doing the same excercise in the T.Bonds starting again with inception since 1977 the daily ATR is 24/32 but taking just 2008 then its 33/32 (1-1/32). The Nice thing about Bond markets is the ability to trade the curve postioning 2 year vs 5 year vs 10 year vs 30 yr in the US and Europe where saily volumes are almost obscene.
Note that the T.bond will move from being traded in 1 tic increments 1/32nd to half tics from March 3rd. Likely impact I am sure will be higher volumes as the flipper brigade spin their wheels looking at the 5 minute voodoo chart even more

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