Bund Order Flow

Bund Order Flow

On Thursday 6th October, I saw the following tweets regarding order flow.

I record the ladder data, so below is the playback of the high and low in question.

Bund High at 6/10 at 164.87

Bund Orderflow

Bund Low at 5/10 at 164.36

Bund Order Flow No.2

Notes

On the High at 164.87

Made high and trapped buyers a couple of ticks from the high.

Pulled back and then went into a micro balance and built a mini hvn.

Then broke down. The breakdown was not as aggressive as the break up on the low at 36.

High was made on one attempt.

On the Low at 164.36

2 attempts to make the low.

Trapped sellers a couple of ticks from the low.

Pulled back and then went into a micro balance and built a mini hvn.

The broke up, with sellers getting out / very short term stops going off.

What do you see?

Please free to comment on your thoughts below.

Here is Adam‘s take on it

Bund Order FLow

Bund Trade Review

Bund Trade Review

1 Trade, 3 no fills. 1 was at correct buffer, 1 was at incorrect buffer and 1 was a limit order instead of market order.

2 before open London and Chicago.

Spent the whole day in A game the only C game traits was the incorrect buffer and the limit order instead of market order.

Good read and good focus. On the lookout for entries all day. A few no tests and a couple where I broke my new procedures about front running my levels and going to market on order flow.

Correction on #5 says order in at 30, it is meant to say 23, and it was a no fill.

Bund Trade Review

Bund Trade Review – 13th June

Bund Trade Review – 13th June

Before I did my Bund trade review, I was feeling okay about the day, but afterwards, I am a bit disappointed with today, overall an okay up day, was not really feeling it before I took a break and it took me a while to get back into it after the break.

7 missed trades across Bund and Stoxx, 3 of these where on trades that I normally do not take due to time of day (but I am recording to see if I should be taking these), and 2 no fills which where placed with correct buffers etc, so shit happen trades. Which leaves 2 missed trades, 1 missed as I was doing plan for Stoxx and Bund and time and 1 due to FOL.

The missed open due to doing the plan was frustrating, as before I started to do the plan I could see it was a potential but did my plan before placing the order. I suspect this avoidance raising its head in another form.

The FOL trade was a good clean step up, but I was expecting another extreme, should have taken it as these give at least a reaction to the scale.

Trade Review Grading

Trades average grade B

Mentally and Tactically, I spent a good amount of time displaying my A game mental and tactical traits with various times in the B and C game.

Summary – problem focusing today, and staying on top of context. Average day grade was brought down by being too aggressive with trade management on 2 of the scalps and focus issues around the end of the Am session and start of the PM session.

Bund Trade Review

Bund Trade Review

Bund Trade Review

Summary – first 2 trades whilst fitting my rules, I felt that I was on the wrong side of the move, before entry, took them anyway as they fit my process. I just felt that the way we rejected the highs which where a long term channel was (not shown on this chart) that a 60min rot / pullback was due. My gut feeling was short but system said long.

I am also tracking my intuition / gut instinct as per @Breakingoutbad.

And so far out of 77 trades only 9% of trades that go against my gut instinct are winners.

Bund Trade Review
Bund Trade Review – 19th April

Bund Trade Review – 19th April

No sailing tonight. Behind in prep for the season so cannot start racing. So I have time to do my Bund trade review.

Good read of the market. Good focus. Played my levels. Remained focused and positive thought out the day. Did not mess around taking small scalps in the middle.

Holding trades for the bigger target is still a problem.

Followed by process and hypo 1 played out, but took a lot longer. Was wary of a possible breakout failure of the 16, missed it when it happens but that was due to be not nimble enough.

Trades where all Grade A or B.

So overall and okay day.

Bund Trade Review

18th April – Bund Trade Review

18th April – Bund Trade Review

I am back to posting my trade review, which I will continue to do for each trading day, except for Tuesday and Thursday as I leave for racing shortly after I finish trading.

Good day today, well focused and trading to plan. Took all my trades according to my hypo / mini plan, except one which was no data feed for that moment.

Was a bit slow at 7 but was stalking a short in the Stoxx on a possible breakout failure but that did not setup so no trade there.

Felt myself losing focus when it was in balance, but managed to re focus on the order and mini plan.

Bund Trade Review

Stoxx 50 Trading Review – 4th April

Stoxx 50 Trading Review – 4th April

I was far too passive with the Stoxx today.

1. Played the open long off the initial buying push got first scale, saw buyers and sellers step in big style but passive (limit order) to reverse and missed the short and had to scratch the long.

2. Breakout failure of the Open hi, again too passive with the order and did not even get a chance to place the order. As it moved away quickly.

3. Looking at 55 for a retest (previous D.Low) but was again too passive and missed the opportunity.

4. Retest of 61 area, was not engaged when I should have been and was watching the Bund.

5. looking for a retest here no test

6. had an order in at 87, no fill and again too slow to put the order, need to place it early or go agg.

7. Short scalp here stopped out. Had a opp to get before the stop and deep down I could see that price action was now against me.

8. Looking for long here on retest, messy in the order flow, passive order was right, did not get filled but that was okay.

9. Looking here for a long on order / bof at the low at 2907 no order flow supporting this.

10. Looking for a scalp long here to reverse at 2900 or 2905, but weak buying with selling reloading. So skipped the trade.

11. Stopped before level and did not take the order flow trade as was doing the Bund at the time.

12. Not sure why my alert did not go off for this level. User error no doubt so completely missed this as updating trade journal. But if I had noticed it was at this price I would have stalked a long.

Lessons Learnt.

Need to be less passive especially with trades going with the current bias.

Would have been better off focusing on the Stoxx than the Bund.

Stoxx was around average volume all day and rots where the same or greater than average, where bunds was about -20% on volume and rots where similarly down.

So if I see that a similar situation is developing it would be better to devote my time to the market that is moving well. Also a bit of common sense and it was pretty clear from the lower time frame charts which was moving the best.

Stoxx 50 Trading Review