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I'm making the switch to the Bund/Bobl from Crypto. The reason being is I don't want to do 12 hours/six days a week anymore. I found solid success, but it is unsustainable in the long term (Burnout). So trading the Eurex products for 5 hours/5 days a week is very appealing.
I need to know what economic releases I need to watch out for on a weekly basis with these products? Or if someone can put me in the right direction that would be greatly appreciated. Basically I need to know when I should stay out of the market. Crypto never really had frequent releases/news unless Elon Musk tweeted haha.
Apologies if there is a thread that answers this. I couldn't find a thread that could.
You might want to consider FESX, FDAX and FDXM since you came from crypto. FESX moves almost the same as FDAX but has a really thick order book with super tight spreads and smaller tick value. FDAX has bigger moves than FESX but a thin order book and wider spreads and a bigger tick value. Eurex recently changed the tick size on FESX from .5 to 1 point. The EUREX treasuries tend to move a bit slow and don't offer as much opportunity as the index futures imo.
All the major economic releases will have an impact. There are usually big moves within the first few hours of the EUREX open then it gets busy again during the U.S open and kind of follows that market.
Out of curiosity what Crypto broker were you using before?
Thank you for the advice. I actually did have a look at the Dax last week and noticed how remarkably similar it is to volatile altcoin perp haha. Looks like the type of product to scale into a position. So I could try something on the Minidax to test it out. I'm an Orderflow/PA based trader, so I felt maybe starting off in the Bund would have less of a learning curve with the thicker/slower pace. I'll guess I'll find this all out from Monday onwards. I think I'll trade on the simulator and take notes for a month.
I traded on Binance Futures for a Prop Firm remotely. Unfortunately that got banned in Australia, so became unfeasible for the firm. However, I still traded my own account, but didn't get to keep their fee discount haha. Binance Futs/FTX are the best USDT based exchanges. Bybit, Deribit & Bitmex would be better if you use BTC as collateral.
tr8er
Europe
Legendary Market Wizard
Experience: Advanced
Platform: TradeNavigator, BookMap
Trading: ES, CL, 6E, 6B
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The Bund FGBL is one of the most active contracts worldwide (a lot of professional traders trade it), it is a great product to trade, but you should not trade it before the European open (2 am CT). During the European session there are not a lot of news which move the market (just ZEW or IFO). US-news also move the Eurex-products or move the markets more than European news.
I usually look out for the French and German Flash Services PMI numbers. Was out Apr 22, but they didn't move a great deal this time. The French numbers usually move more than the German numbers. Out at 8.15 and 8.30 UK time.
I follow the FESX, and use ES for a bit of correlation, although FESX has generally been a bit weaker since the war started.