Footprint Strategy for Trading Weekly Bond Auction Results

As anyone who follows this blog knows, the Footprint chart provides unique information and added insight for qualifying trading opportunities. Each week there is a bond auction and it is something that is closely watched by the U.S. bond market participants. The chart below is annotated and provides a way to take a position post auction. One key thing to notice is the ability to execute on the bid and at the offer and read the total volume traded at each price, but more importantly, at the extremes.

Notice at the lows how very little volume traded there.

5-29-2014 30 year bond purchased on the auction results

 

Chart is compliments of Trader Don @ Wolfpack Trading.

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