Well, I spreadbet the bund. A SB broker with very simple charting and no news is all I have ever used to trade this market.... I sometimes wonder how I would do with professional execution and tools... Also I might be able to improve my spread, which is 3. What spread do pros get?
I trade at around £10 a tick - sometimes I will be positioned with much more and sometimes less. It's hard to say because I swing an initial line and then if the market goes my way I add quickly. I do this alongside my day job so sometimes I cannot find the time to trade at all. I would say I take around 50 ticks a week on average. If the trade is a winner I will take 5 ticks minimum (the spread I deal with is 3) but this is almost always much higher - last trade I did I took 105 although to be fair Friday was a big up day. Yes I am for real. Three months ago I was trading over 80 markets and nothing for profit. Then I concentrated on the bund looking at price action only with s/r levels and a couple of EMA's, that is it. No indicators, TT ladder, market profile or anything else that everyone has told me I MUST HAVE to trade this market. Why I chose the bund is another story...lol
OK Bundman,I'm not too familiar with the intricacies of spreadbetting but if you make that much giving up such an edge then you'd be well advised to get a front-end,some decent clearing and go live,put your money where your mouth is,so to speak.
I also have a serious question for THE-BEAKER,do you think you'll still be trading the markets in 5 years time?
I wouldnt mind hearing from guys who trade Euribor .... what sort of range do you guys see in the front 3 months.... whats a typical good trade look like in pip terms and whats the typical hold time ....