Question from Dan:
Could you elaborate on how you use the PAR to decide whether an 8 tick is a good trade? If you are going short and the PAR is in a downtrend, and you put an order in for the 8 tick, do you cancel it if the PAR turns upward once it gets close to your sell order? Thanks.
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You talked about an 8 tick reversal on a 10 yr note. Hubert states the same for 30 yr bond but i thought he had different amounts on the 10 yr note
Hi Stephen, Yep, 10 year is 4/8/12/24 and 30 year is 4/8/12/16/32. 8 is the most common for both.