Tuesday 27 August 2013

Bids Pumping Bund / Bobl / Schatz


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I was reviewing some trades from just before I stepped aside for the holidays and thought this was a great example to study in the Bund / Bobl / Schatz.  What was probably a level, was forming where a lot of traders were looking for a break up The bids looked solid but were actually trying to push orders into the offers. Once it starts falling (around the 4 minute mark) bids pumping all the way down trying to hold it up, or more likely lure traders into hitting into what they already have on the offer.  I fell for it, taking just 3 ticks when the bids pumped, but reviewing this will help me hold on next time in this scenario