Trading the Bund – Weekly Review 9-13th November

What one thing did I do best this week and how I did I do it?

My focus on the 15min context, enabled me to take trades at better levels and read the context to know when to step aside. This focus on the higher timeframe helped me when I was taking trade off LTF levels to handle them more aggressively and in context to what was happening.

What one thing did I do badly this week and what led me to do it?

Same problem as last week, a problem of getting in at the right time and at the right price in the areas of interest. I blogged about this here, My problem with no fills trades.

I experimented this week with different style of entering as per that post.

This was not particular successfully, it got me into trades, but normally at a worse price of 2-3 ticks, and still had a large percentage of no fills.

What specifically will I do next week to continue doing what I did best?

To help me focus on the 15min chart and to stop my attention wandering to the LTF looking for trades, I will add a watermark to the chart, so that I have a constant remainder where my focus should be.

What specifically will I do next week to improve what I did worst?

I am going to try Bookmap. I write my thoughts on this in a separate post.

How well did I achieve my “continue my best” goal last week and what do I need to do this week to continue/improve upon that progress?

My homework continued to be good, I have noticed that I do not always prioritise my hypothesis in the correct order. To improve on this I need to on the longer term bias to prioritise the hypo in the correct order, taking in account that the Bund statically has a tendency to follow like with like, up to till day 4.

I have started to note in the plan, why I am interested in levels, i.e. if they are VAL, Highs etc. This can make the if then statements harder for me to read and focus on. Whilst this is helpful, I am going to only do that on levels which could be turning points.

5 thoughts on “Trading the Bund – Weekly Review 9-13th November

  • 14/11/2015 at 10:17


    May i ask what you mean by “tendency to follow *like with like*, up to till day 4”?

    I’ve implemented the hypo method. I naturally sorted them by likelihood of happenning. Up to today i might only had 2 (say up and range) but realized neither happened on friday so i must prepare 3 (up, down, range) for each instrument no matter what.

    Learning a lot from your processes, even though i can’t quite decipher everything yet.

    Cheers from France.

    • 14/11/2015 at 12:42

      I say like for like, because my studies show that in the Bund, and I split the days into three basic types, neutral(range),normal and trend. There are subtypes, but my study did not look at these.

      Whatever the day, then there is approximately 50% chance the next day will be the same type, and 25% each for the other types. Until we have three days of the same type then there is 75% chance the next day will be one of the other types. So this is my rule of thumb and works well with the Bund. I have not done this study on any other market,

  • 14/11/2015 at 10:21

    Finally, i agree with you, detailing why a level is of interest can overload the plan when we need quick easy information at a glance. I use drawings on a school slate.

    • 14/11/2015 at 12:50

      Thanks for your comments, any feedback is welcome. The purpose is for me to improve and if this in turn gives ideas to others then that is great. To be honest, the majority of what I do, has been from looking at what other successful traders do and implementing my own version of that.

      I agree simplicity is key, before I did not add any information about the levels and found that sometimes I ended up treating minor levels and major levels the same way. So I added more detail, but this ended up confusing me, so I am going to simplify it. Only detail the major levels and I now print out my trade plan in a large font to make it easier for me to follow. For some reason, smaller fonts result in me not reading / following my as I should.


Leave a Reply

Your email address will not be published. Required fields are marked *