I am a fan of creating my own trading tools. Yes, it is time consuming, but it helps to reaffirm my understanding of my own trading methodology during the design and development,and the end product helps to reduce some of my repetitive daily tasks during the trading day.
No, I am not talking about automation or algo trading etc. Just tools that help me to make decision. And in case you are wondering, NOPE. I am not selling anything here. This post is part of my journal.
Here is the review of some setups found yesterday in Bund market. The tool used here is FTM candle, which I have developed recently. Nothing magical, what it does is to analyse intraday time & sales data and identify certain patterns which helps me to identify trading opportunities.
Here is the EOD chart of Bund September contract.
chart created by Sierra Chart.
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