Any one trade bund outright?

Quote from FredBloggs:

i think the interesting and pertinent point here is the consistency angle.


if you want more money, increase your size rather than try and go for bigger moves like most non pro/prop people tend to do.
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Definitely... The best way to increase the size is consistency... I stopped looking exclusively for those very big winning days (they are most welcome, thoug :) ) to focus on being steady and avoiding drawdowns.
On most products, the bigger you clip, the more money you make, but the closest you are to the breakeven point.
Unless you are an exceptionnal trader, the slope of the Size/P&L per lots curve shd be declining...

On the fees point, I pay the minimum price (very close to exchange fees), my firm doesn't make anything on it.
 
I have been trading the bund for a few weeks now using a mean reversion technique, I find it works quite well for 5-10 tick trades but Friday was really rough as price never retraced, took my worst loss in a long time.

Question is, when the intraday trend is so strong like it was Friday, any experience how the market behaves the next open?

I found the Bund has been a slow steady mover, until the NFP snagged me. There must have been alot of players who got stuck like me.
 
Quote from FredBloggs:

i think the interesting and pertinent point here is the consistency angle.

once you have that knacked, the world is your oyster.

if you want more money, increase your size rather than try and go for bigger moves like most non pro/prop people tend to do.

jmo
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I am at a prop firm, and I agree with increasing size rather then going for the big moves. Specially in the Bund, you have to be very selective, learn when not to trade or you will get caught in a lot of crap. Be patient, and remember that the trading day in Europe is quite long, so wait for the right opportunities.
 
It would be interesting to see how many posters from 18 months ago can still be bothered to trade the bund.

Wild,unpredicatable moves.Auto-spreaders,program trades,computerised 'flippers',market profilers,all designed to kill off the naive new generation of would-be but never will be big traders.

Rather than trade bunds with a $10,000 account,buy 10,000 lottery tickets - you've got more chance of hitting the jackpot.
 
There is another method to trade the bunds as well :

listen to the central bankers, follow US T-Notes ( correlation analysis ? ) and from time to time high volume flows....:p
 
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