Anyone scalping/day trading the bund?

motion100

Junior member
47 1
hi all,

this is a new thread to discuss trades on one of the most liquid futures markets in the world.

whatever your strategy, whether you're new or experienced, discussion is most welcome.
 

motion100

Junior member
47 1
i'll kick it off...

im short from this morning average 136.90. stocks look heavy but then they looked heavy yesterday and the bund sold off aggressively. is it time the market started seeing german risk as real risk?! stocks off, bund off. the new norm?

perhaps not. stop just above today's high at 137.30. target 1 136.65 target 2 136.16
 

DaddyJohn

Experienced member
1,375 9
Hi M,

levels to watch on Bund today

138.51 - T2 if on momentum 137.7 breaks
138.07 - T1 if 137.7 breaks
137.7 - previous high
137.52 avergage rally
136.68 previous days low
136.32 average decline
136.00 decline on momentum follow through

VAH FROM YESTERDAY 137.59... VAL ...137.15

I notice bund has traded all morniing in lower range of its value area from yesterday.. and heading down.. watch for test of yesterdays low.. past this is 136.32

If Bund goes back to highs this morning it is heading up to 137.52 at least
 

motion100

Junior member
47 1
DJ, i was hoping you would come across!

i agree with what you're saying albeit with an ignorance to exactly how you get the levels. I tried taylor's book a while back but just found it too heavy.

I mainly use pivots/price action at pivots and general market sentiment/cross market correlation.

do you have any positions on at the moment?
 

DaddyJohn

Experienced member
1,375 9
DJ, i was hoping you would come across!

i agree with what you're saying albeit with an ignorance to exactly how you get the levels. I tried taylor's book a while back but just found it too heavy.

I mainly use pivots/price action at pivots and general market sentiment/cross market correlation.

do you have any positions on at the moment?
no I dont .. I am focusing on FTSE this week. I tend to do the Bund when I have no clue what the FTSE wants to do... as you say , Bund very liquid and behave very well around pivot points / key prices.. But I always use a stop even when scalping Bund for a few prices because every now and then it has a tendency to pop up or down 20-30 prices .. which can hurt. I tend to use bigger size in the Bund and go for small high prob moves... 7am open is also good to trade if it opens close to a level
 

motion100

Junior member
47 1
long again 137.18, targeting new highs. stop 136.95
 

DaddyJohn

Experienced member
1,375 9
yeh that would have been the better trade. i'm out at b/e
the GDP news should have propelled it easily through that level and it didnt.. we had the same on the FTSE... shot down .. but unconvincingly ..got everyone short and then pushed back up
 

DionysusToast

Legendary member
5,963 1,498
I started trading it about 5 weeks ago when I was forced away from home to a place with poorer internet connection.

I quite like it now.

Do you guys watch it alone or alongside the Bobl/Schatz? I dont bother watching Schatz but I do watch Bund & Bobl together...
 

DaddyJohn

Experienced member
1,375 9
I started trading it about 5 weeks ago when I was forced away from home to a place with poorer internet connection.

I quite like it now.

Do you guys watch it alone or alongside the Bobl/Schatz? I dont bother watching Schatz but I do watch Bund & Bobl together...
no I dont watch either.. in what way does it help?
 

DionysusToast

Legendary member
5,963 1,498
no I dont watch either.. in what way does it help?
In theory, you should be watching the Bund, Bobl & Schatz which are all interest rate products and are used by spread traders.

As such, you will often see that a 'play' being made in one market that allows you to take a position in another market.

This is similar to watching the 30,10,5 yr notes in the US.

In practice, the Schatz moves so little, I've taken it off altogether.
 

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