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Bund Traders FESX


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Bund Traders FESX

  #11 (permalink)
nikto
Düsseldorf , Germany
 
Posts: 85 since May 2016
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ragic View Post
nice little correlation between FGBL and GC earlier today..


Both are risk off instruments. Do you trade GC or just watching it ?

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  #12 (permalink)
LordDetcord
Perth, Western Australia
 
Posts: 2 since Mar 2019
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Hey guys,
Have been actively trading the Bund for the past 4 months, and have been swing trading other markets for the past 1.5 years. Would be interesting to hear other traders approach and strategies as I cannot find much discussion about FGBL or other bond trading. Personally my strategy involves going for the larger intraday moves with greater than 1.5R r/r:

D1, H1 charts to establish directional bias. these charts along with the 5m and the market profile(d1,W1) are used to determine good levels that I trade with limit orders and stops <12 ticks usually between 5 and 10 ticks.

My trigger time frame is the 5m chart, I generally trade outside the Value Area on the day and only at levels I determine to be high quality using limit orders, the only time I will get more aggressive with my entries is when I have a strong directional bias on the day, if I am unsure about a level I will wait for further confirmation via either 5m chart, 5m footprint, Price Ladder and location on market profile. My strategy is certainly not a scalping approach and my time in a trade is probably on the higher end in comparison to other intraday strategies.

Overall my approach has been only slightly above break even over 100+ trades, considering this is my first attempt at intraday trading I believe this will be a profitable approach in the near future if I keep the work up. My location is Western Australia so I am limited in the futures markets I am able to trade due to my timezone. Will be interesting to hear others approach to trading the Rates.

Cheers.

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  #13 (permalink)
 ragic 
N. Yorks, UK
 
Experience: Intermediate
Platform: NT8
Trading: ES
Frequency: Never
Duration: Seconds
Posts: 53 since Jun 2011
Thanks Given: 32
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hi LD

I'm just the opposite... 10 ticks or 10 minutes. We're all different.

For the first couple of hours after the Open, I watch for reactions off the Prev Day Hi/Low, or the Previous Day VAH, VAL, and POC.
Thats my day, I lose concentration after a couple of hours. I can't focus for the CL and ES main sessions so the Bund suits me well..

Heres a very early fast trade on a 2.5 min chart. I normally watch the 5 min and above but sometimes going faster can show a little something..


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  #14 (permalink)
nikto
Düsseldorf , Germany
 
Posts: 85 since May 2016
Thanks Given: 92
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Hi LordDetcord,

I am glad you join us. How far is your Take Profit normally ? 30 Ticks ? My Take Profits are normally 10-20 Ticks but sometimes i extend it to 30 Ticks. How many trades do you make usually daily ?

One similarity between us is that we all use Market Profile/Volume Profile to detect good Areas for entrys.

If you slightly break even now, its probably that you will make profits in the future.

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  #15 (permalink)
nikto
Düsseldorf , Germany
 
Posts: 85 since May 2016
Thanks Given: 92
Thanks Received: 60


ragic View Post
hi LD

I'm just the opposite... 10 ticks or 10 minutes. We're all different.

For the first couple of hours after the Open, I watch for reactions off the Prev Day Hi/Low, or the Previous Day VAH, VAL, and POC.
Thats my day, I lose concentration after a couple of hours. I can't focus for the CL and ES main sessions so the Bund suits me well..

Heres a very early fast trade on a 2.5 min chart. I normally watch the 5 min and above but sometimes going faster can show a little something..



You trade very early, i don t like to trade before 8 o'clock. I use exactly this levels to find some good breakout trades, but i use Daily High/Low too. At these levels i look for confirmation in DOM and T&S, the last trigger for my entry is the Price Action.

I lose concentration after a few hours too, that is why i trade from 8 o´clock till 12 o´clock and sometimes from 1 pm to 3 pm.

I use 2500 Volume Candle Chart, but watch primarily the DOM. I also watch Daily, M30 and Price Distribution Chart.

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  #16 (permalink)
nikto
Düsseldorf , Germany
 
Posts: 85 since May 2016
Thanks Given: 92
Thanks Received: 60

[IMG]https://s2.imagebanana.com/file/191105/D7USHDtI.PNG[/IMG]

Today i expected the Bund will break dynamic the Contract Low at 170.56. I am right with my assessment but i trade it not very well. The fakes in the Range aren´t not typical for the Bund, in my opinion. In this area we had a lot of big market buys, so i decide to close my trade, unfortunately.
My target for the Re Short was to large, so i had a losing day.

How was yours Trading day ?

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  #17 (permalink)
LordDetcord
Perth, Western Australia
 
Posts: 2 since Mar 2019
Thanks Given: 1
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nikto View Post
Hi LordDetcord,

I am glad you join us. How far is your Take Profit normally ? 30 Ticks ? My Take Profits are normally 10-20 Ticks but sometimes i extend it to 30 Ticks. How many trades do you make usually daily ?

One similarity between us is that we all use Market Profile/Volume Profile to detect good Areas for entrys.

If you slightly break even now, its probably that you will make profits in the future.

Hello,

My tp on a standard trade will usually be 10-20 ticks all my tps and stops are determined by price action and never are arbitrary. If I have a directional bias I will set targets off a daily/h1 chart so final target can be quite large (30-100 ticks) however this will only be when I am confident of direction and partial profits will be taken along the way.

In regards to number of trades it varies but when I started it was far more (5-10). My statistics showed me that my strike rate was <40% so have focused on taking less trades and setting max number of stop outs in a day I believe this has greatly improved my trading as I now tend to take less then 5 a day, I will take more with less confluence if I am trading well. If I am able to achieve over a 50 percent strike rate with my strategy, I believe it will be quite profitable due to the high R/R setups I take.

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  #18 (permalink)
 ragic 
N. Yorks, UK
 
Experience: Intermediate
Platform: NT8
Trading: ES
Frequency: Never
Duration: Seconds
Posts: 53 since Jun 2011
Thanks Given: 32
Thanks Received: 48

Here is the effort to break above last weeks Low. It had dipped under earlier today and I noticed a decent bar that looked like it was going to push through. It had decent price, delta and range.
Then came 20 minutes of sideways, (this was a bit worrying) with large support stopping it falling. So I went Long, only to see large Sells appear, so I got out.

A little while later, it pulled back to the WLow, tested and moved up.

I'm not good at breakouts.. Lesson to me: leave the breakouts, look for the pullback/test..



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  #19 (permalink)
 
Palais Brongniart's Avatar
 Palais Brongniart 
Paris France + Dresden Germany
 
Experience: Advanced
Platform: Proprietary
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nikto View Post
I am not a Elite Member yet, if i became a Elite Member i will visit you.Is there a lot of Bund/FESX content ?

No, not many

I don't explain my charts. If you like to follow my trades, look for these lines.
Visit my NexusFi Trade Journal Reply With Quote
  #20 (permalink)
 ragic 
N. Yorks, UK
 
Experience: Intermediate
Platform: NT8
Trading: ES
Frequency: Never
Duration: Seconds
Posts: 53 since Jun 2011
Thanks Given: 32
Thanks Received: 48


Heres another early trade, about 25 min after the Open but before the cash opens.
You can see simple price action moves like this maybe 2 or 3 times a week. Never big runners but 5 to 10 ticks to start the day.
You can soon see if you're wrong. My stops tend to be ~7/8 ticks so r:r is ~1:1. After the first hour, volatility increases, and 'my type of trade' then tend to give a r:r of ~1.5:1.


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