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Eurostoxx and Bund futures journal
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Eurostoxx and Bund futures journal

  #1 (permalink)
Keab
London UK
 
Futures Experience: Intermediate
Platform: TT/Invesotr Rt/DTN.IQ
Broker/Data: LCT/Iq Feed
Favorite Futures: Dax/Bund/Dow/US 10 yr futures
 
Posts: 291 since Jul 2013
Thanks: 40 given, 100 received

Eurostoxx and Bund futures journal

Afternoon all.
Will be using this journal to organise my thoughts on the two markets I cover (bund/eurostoxx).
Will keep me honest and act as my external discussion with myself. I find that when I analyse my trades, it helps me to imagine I have to justify the trades to 10+ people that I'm teaching. And if I can't justify it then it's not a good trade.

I trade both of these markets as I was recommended them by a friend who trades at the (in?)famous prop shop called Futex here in the UK.
Have to say he was dead on, moves are very measured and relatively (in comparison to the SandP and Dax) slow, but not so slow like the US Treasuries. They can provide good profits (usually), although the commissions on Interactive Brokers can be a bit of a dent.
In terms of correlation, sometimes they are correlated, sometimes they're not, I don't worry about that too much.

My platform:
Ninjatrader with Jigsaw DOM.
Volume profiles loaded on charts: 90 mins(mainly for opening 90 mins of the day), daily, 3 day cumulative and 5 day cumulative.

Style: I look to the Volume Profile to see where people are interested/not interested in trading. I look at volume levels along with price to see where people were committing their money. Then I enter off a reaction to these areas (pin bars mainly). I am not a scalper as I tend to lose the big picture quite quickly when attempting to shave points here and there. Also, see my point i make r.e. IB commissions!

Just setting this up now to organise my thoughts-will be back on Monday properly with charts posted.

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  #2 (permalink)
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  #3 (permalink)
Elite Member
London, UK
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: TSTcombine
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lasecondababele's Avatar
 
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Hi, thanks for posting!
I am very much interested in reading your thoughts and results: I've started looking at the FESX, especially the first hour after the open, and trying to get the feel of Jigsaw DOM, although I look only at the very short term.


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  #4 (permalink)
Elite Member
Spain / Europe
 
Futures Experience: Intermediate
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Why do you say that Futex is infamous (bad reputation)? I don't think so

By the way, this looks a good thread!

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  #5 (permalink)
Keab
London UK
 
Futures Experience: Intermediate
Platform: TT/Invesotr Rt/DTN.IQ
Broker/Data: LCT/Iq Feed
Favorite Futures: Dax/Bund/Dow/US 10 yr futures
 
Posts: 291 since Jul 2013
Thanks: 40 given, 100 received

Hi there Jose,
Sorry, I should clarify that statement. I said infamous as I've read a lot about them and it seems many are rather sceptical about their claims that people who pay them for training end up being funded by them. My mate (more of a friend of a friend) actually does some of the training-am seeing him this week so will ask but I don't think he's been there for more than a year so not sure what he'd have to say on that subject!
Besides that, I would definitely agree that they're the real deal. Went to visit them for a day and the full time traders are definitely profitable!
Am in Italy, back in the UK on Wed, am missing trading!

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  #6 (permalink)
Keab
London UK
 
Futures Experience: Intermediate
Platform: TT/Invesotr Rt/DTN.IQ
Broker/Data: LCT/Iq Feed
Favorite Futures: Dax/Bund/Dow/US 10 yr futures
 
Posts: 291 since Jul 2013
Thanks: 40 given, 100 received

http://www.amazon.co.uk/gp/aw/d/1118531736/ref=pd_aw_fbt__b_img_2?refRID=1VCW5A9YYQNVP636YSWF


Hi there, hope I'll be able to provide some talking points! I think that the DOM might be a bit too short term for me as like I said, I get a bit lost in it and my charts (with zones of interest) still provide my main analytical structure.

Having said that, the trading notes that accompany Jigsaw are fantastic and have greatly influenced how I look at the market.
Am also plowing through (very slowly I might add) a book on Market Profile that was recommended by my mate at Futex. Apologies, think the link is at the top of this post-am on my mobile....

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  #7 (permalink)
Elite Member
London/UK
 
Futures Experience: Intermediate
Platform: IBs ladder / Market Delta charts
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good luck with the journal, look fwd to it.

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  #8 (permalink)
Keab
London UK
 
Futures Experience: Intermediate
Platform: TT/Invesotr Rt/DTN.IQ
Broker/Data: LCT/Iq Feed
Favorite Futures: Dax/Bund/Dow/US 10 yr futures
 
Posts: 291 since Jul 2013
Thanks: 40 given, 100 received

First trade of the week: Eurostoxx 50.

With Eurostoxx (not Bund) there is nearly always a couple of high volume prints for about 30 mins towards the end of the day (see black circle.
The next day, I look for a retrace into this zone and then an indication from the price that is rejecting it and moving away-usually a pinbar. Happened on 15 min chart.
I use 15 min charts as a 5 min chart can give too many signals/false positives etc. I'm not looking for lots of trades.

My motto is "you are paid to wait for your set up to occur."

This high vol area will usually correspond with the previous VPOC, but in case it doesn't I tend to like this 'late volume' zone more as it is 'fresh' volume (for want of a better word). So any support/resistance qualities it may have will most likely still be in effect rather than an area that has sustained multiple hits in the course of a trading day.

Entry 28, exit 48.

Looking at vol profile it's hitting a high vol node on the 3/5 day cumulative profile. Also a small pinbar-well, sort of, could have squeezed some pips but my main set up is the one I've just described so am happy with that.

The bund-no trades-my cumulative delta hasn't loaded so I don't have any data from the last few days. The bund I tend to look for large amounts of delta e.g. lots of buying, that is then beaten to the downside, so when price goes back to where the buying started, I expect people to exit and drive a move back lower.

I can twist myself in knots with delta, so I've learned to trade with one rule in mind-if it's not obvious then leave it alone.
Similar with jigsaw-it's probably too short term for me, but if I can ever get my head round it....

Attached Thumbnails
Eurostoxx and Bund futures journal-eurostoxx-15-04.png  
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  #9 (permalink)
Keab
London UK
 
Futures Experience: Intermediate
Platform: TT/Invesotr Rt/DTN.IQ
Broker/Data: LCT/Iq Feed
Favorite Futures: Dax/Bund/Dow/US 10 yr futures
 
Posts: 291 since Jul 2013
Thanks: 40 given, 100 received

Bit of a cheeky one on eurostoxx. I was getting bored waiting around so entered this-it made sense at the time but hung around for a while so I think I got lucky really because it's not an obvious trade, despite being at a good location.

Location-sitting at 3 and 5 day High volume node on Volume profile (chart 1).
But this is just a location. I am not just entering off levels for this kind of trade-I want to see whether price reacts.
Chart 2 shows an engulfing bar on the 15 min chart with little selling on the CD, implying price exhaustion.
Finally, chart 3 shows something I've been toying with-volume profile on a 30 min chart. Also have VP showing on a 1 hiyr and 90 min chart (90 mins is mainly for the morning session-first pre London trading hour, then 30 mins into the london session).
Price dipped below the VPOC of this bar, and as the preceeding bar also had a VPOC at the same level I liked this resistance area.

Important point to note: I've been working on this for a while with the 1 hour/30 min VPs and this is NOT an especially strong signal. When taken into context with the trade location then it's just ok, but certainly no more than that. For it to be a stronger signal I would need to see more total volume in the relevant price bars in order to show a far larger number of traders building up pressure in this area.

Entry 3746, exit 3739. Way too early as usual but as I was so unhappy with this trade I did not feel confident staying in it for too long.

That's it for today

Attached Thumbnails
Eurostoxx and Bund futures journal-eurostoxx-chart1.png   Eurostoxx and Bund futures journal-eurostoxx-chart-2.png   Eurostoxx and Bund futures journal-eurostoxcx-chart-3.png  
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  #10 (permalink)
Keab
London UK
 
Futures Experience: Intermediate
Platform: TT/Invesotr Rt/DTN.IQ
Broker/Data: LCT/Iq Feed
Favorite Futures: Dax/Bund/Dow/US 10 yr futures
 
Posts: 291 since Jul 2013
Thanks: 40 given, 100 received


Update: new interesting area on Eurostoxx.

the 30 min chart shows a volume spurt-that's what I like to see-I want to see traders commit.
The 30 min VP shows that traders wanted to trade at 3737 in this bar. ASnd due to the high total volume in this bar-that's a decent amount of traders. Also shows price rejection at this area (pin bar on 30 and 15 min chart).
3 and 5 day VP shows a High volume node (HVN) so a good spot to reverse.
Also, delta shows a lot of people have sold and yet price has not moved too far. Possible selling exhaustion+a vacuum for price to move back through if buyers come back in?
Long at 3737.

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