I trade FGBL and FESX for 6 month. First in Simulation, since 1. September i trade real money.
About my trading : I trade from 8 am (CET) till 12 am and sometimes from 1 pm till 3 pm. I trade the price action, Volume Profil, Market Profile, previous day Low/High and close helps me to identify interesting areas. Primarily i like to trade Large Orders, News or Breakouts. Sometimes i trade the range of a day also.
I would like to find here other Bund (or FESX) traders to exchange informations, ideas or to see how other traders proceed.
Maybe we can establish one Bund threat here on Futures.io , because iam amazed about that none exist.
Bund traders where are you ?
P.S. I know my english is not very well sorry for that.
Can you help answer these questions from other members on futures io?
Today i traded SIM because I am bit sick. Every time when i have personal problems, didnt slept well or I am not 100 % fit i trade SIM.
I trade equal in SIM and Live, just 1 contract. I want increase my size when i made profits.
For me is primarily important that i learn every day and show my best trading behavior. I think when i do that i will earn profits one day. My loss Limit per Day is 200 EUR but i finish my trading day earlier when i see its not my day.
Today we had a aggressive and dynamic sell order in Bund, good to see in T&S and DOM. This is what i really like to trade.I normally use 10 Ticks Take Profit but depend of volatility and velocity i expand the TP.
The FESX had low volume and volatility today. I like to trade Orders for 5-7 Ticks , when no order is in the market i just scalp for 2-3 Ticks.
Today i had a really good trading day, just 2 small losers and a big profit. In SIM i had constant profits over 4 month but now in Live i trade around break even. I think it is normal when change the environment from SIM to Live and I am optimistic to get a stable profit trader in future.
Hi buddy, I used to trade Bunds often. Currently I don't, because intraday price action has detoriated in my eyes, or at least for my trading style. Maybe I should have a look again at Bunds...
Take care.
I don't explain my charts. If you like to follow my trades, look for these lines.
The following user says Thank You to Palais Brongniart for this post:
I appreciate your content in this threat very much !
Ragic, i never used Footprint. Please, can you explain your entrys in a few words ?
Palais, how long have you been trading the Bund ? In the last two weeks the price action was not good, thats why i trade 2 instruments, so i avoid overtrading the Bund. What is your trading style ? Do you scalp or are you prefer bigger moves ?
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.
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..
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.
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.
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.
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.
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..
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.
Its important to find your niche, if breakouts not your niche its good to reconize that and dont trade it anymore.
Its seems you really like to trade early, i like it more after 9 am. I exit my loser between 2-5 Ticks , so i dont need a high win rate.
Today i had a difficult day. i missed the first move of the day, after that nothing to do for 2 hours. I traded the daily range, what was wrong, then i changed my opinion but get out on break even. Exactly then the Bund moved down, that makes me emotional as a result i overtraded. I just lucky the news came in and gave me a big winner. Thats was a only reason i had no losing day.
The following user says Thank You to nikto for this post:
Yes I look on FBTP,FGBM,FGBX,FESX and e6. For me it's to thin to trade at the moment but I consider to trade FBTP in the future , primarily for news or ECB event. Did you ever traded the FBTP ?
I found the last days very difficult to trade. What is your opinion about the last days ?
Today i could trade a Breakout, i focus on the 169.99 for a trade (Daily High from Monday) with a target of 170.22 (Break Level M30 and Single Prints from 11-7. But thats was just my scenario it must be confirmed by Price Action.
Maybe we saw the beginning of a bigger shift from Stocks to Treasuries for the next days.
my approach is a trend-following technique on a 2 min Chart with a 5-7 ticks stop
and observing price action on a 30 min Chart (kind of still working on it)
it seems that today and the 2 days before people were tricked into Shorts in the first hour
and then continuing with the uptrend after that
which would have triggered me into a short @ 170,45 / stopped out at .50 and into a Long @ 170,48 (small pull-back) with a trailing stop
no actio after the high at .87
i trade all Major markets (FDAX, GC, CL,..) (partly with CfDs or mini Futures) so my Approach is less based on time consuming DOM Observation (actually I don't know how that works although i tried to learn and study it)
i just figured out a trading style with entries based after abnormal high Volumina in certain Price Areas
i am reading your stuff and try to make sense out of it (as said I dont have any DOM trading experience - does it still work to trade only with observing DOM and T%S ?)
imho it's suicide to Exit too early on intraday rallies, bc. whatever fixed target Price I tried to figure out there was Always a Rally that went above/below that (eg sometimes rallies in CL go straight over a big Point or more)
Yes, it works to trade just the DOM, but not for me. I need the interaction between DOM and MP/VP. I design my scenario/playbook with the MP/VP , support and resistance. I wait for the confirmation in the DOM to execute. Sometimes i need just the DOM when there is a big order.
If you want to learn DOM Trading i strongly recommend to watch Webinars of: Axia Futures, John Grady, Peter Davies and for VP/MP James Dalton. Here on Futures.io do you have a lot of very good webinars (Future Trader 71).
If you are a beginner i would suggest to focus on 1 or 2 Markets and get very familiar with that markets. Because every Market is different and has his own structure.
Any view on why bunds have been offered for past two sessions, FESX was down 2% and bunds still offered.... US puts new tariffs on France and bunds offered... All thoughts welcomed.
Thanks
Yesterday was another one of those times where correlation of bund and fesx broke down, bund down 80 ticks and fesx down 46. Any thoughts on why?
Thanks
I don't explain my charts. If you like to follow my trades, look for these lines.
