[crude_lover]

Originally Posted by buy 'em

Ok guys i'm going to try to simulate a typical trade of mine during the day.

First I usually have the orderbooks up for bund, bobl and schatz up along with a 15 min chart of the schatz.

Next I'm looking for big bids/offers on the schatz book. The bids/offers that usually are the most honest are the ones that are farther out in the book (not the first 2 best bids and offers usually but not always). Also if there is a bid/offer at roughly the same level on one of the other contracts (bund or bobl) that is usually a good indication of an honest bid/offer. So say there is a nice size offer of 2000 contracts at the 8th best offer on the orderbook. Immediently I check out my 15 min chart and look to see if that is some sort of resistance level, if it is great if its not I still will lean on that size. I also check out the bund and bobl orderbooks and see if they have big size on the offer at roughly the same level in the orderbook.

Now I watch the market extremely close. If we are trading closer to that size is the offer getting bigger or is it getting weaker? If it is getting stronger I will sit tight and maybe add positions, if it gets substantially weaker then I remove my offer.

So say my order is still in place and I get filled. I will exit the market if we can break through that big order I leaned on so my risk is very little while at the same time im aiming for about 3-4 ticks so its a very good risk/reward setup.

A whole lot more goes into my decision making than that but at its most basic form that is what I am doing. Read over and over those posts I made about orderflow and watch the market continously while having no opinion what so ever. Just trade what you see not what you think.

Good Trading Guys

in short figure out what the big guys are doing and follow behind them

[buy 'em]

lol exactly.....maybe I should of just put it that way!

[Mpoufos]

is anyone trading bunds here

[MrGecko]

been watching the Schatz today... can anybody offer any insight into these 10K + orders that keep appearing?

Algo's or spoofing?

[mckaldey]

Originally Posted by buy 'em

A whole lot more goes into my decision making than that but at its most basic form that is what I am doing. Read over and over those posts I made about orderflow and watch the market continously while having no opinion what so ever. Just trade what you see not what you think.

Good Trading Guys

Fantastic, this opens a whole new world for me.

Every additional hints and help is highly appreciated.

I would like to ask which software/broker you use. Do you use X-Trader?

Myself I'm on the way to open my account with Velocity using Ninjatrader and TT feed.

[grantx]

Mckaldey,

Velocity, Ninjatrader and TT all highly regarded.

Grant.

[buy 'em]

Originally Posted by MrGecko

been watching the Schatz today... can anybody offer any insight into these 10K + orders that keep appearing?

Algo's or spoofing?

Isn't it the same thing (algos and spoofing)?

They might seem like useless spoofs but watch em closely. If they stay there for a little while and somebody even hits a few of them you are best off hitting them also and they are usually good for a few ticks. So you don't want to be leaning on that, you want to be hitting that size if it stays there long enough.

Good Luck

[buy 'em]

Originally Posted by mckaldey

Fantastic, this opens a whole new world for me.

Every additional hints and help is highly appreciated.

I would like to ask which software/broker you use. Do you use X-Trader?

Myself I'm on the way to open my account with Velocity using Ninjatrader and TT feed.

No problem, I am happy to help!

I am actually trading eurex through openecry (I use another broker which is a little more sophisticated for my position trade and other things) but to be honest they are pretty damn good. They have everything you need and the platform is simple to use and the best part is they don't fee you to death! Their platform is free, they don't charge for any charts or quotes, commisions are good if you do enough rts a day.

Something to think about.