The kids have just finished school for the year and we’ve had their reports. I’m pleased to say all the little Lamberts have been working hard and doing well (mostly!!). But how have we done here at FuturesTechs Mews in 2011?

We took a look back at our reports for the Bund Futures over the year to see. You can click on the chart below to make it bigger.

Our trend following approach meant we “caught” the moves higher in April to June and July to September. Our reliance on candlesticks saw us call several of the turning points in the ranging markets seen in Q3.

A – 12th January – turned bearish on trend break (125.44)

B – 16th Feb – Bullish on break of 123.12.

C – 24th March – “We didn’t manage to retake 122.55 yesterday, although we did fail bang on this level (the high was 122.56), so despite posting a green candle the bears are still in the box seat”.

D -13th April – “So we have a trend break and a powerful reversal pattern, and this combination cannot be ignored” – Turned bullish

E – 29th June – Bull stance adopted since April is abandoned.

F – 7th July – “..we posted a decent sized green candle, reasserting the bull trend, and suggesting (as we head into today’ ECB decision) that we can head back to the recent high at 127.57, with interim resistance at 127.03-04”.

G – 27th July – Back to bullish!

H – 25th August – Hit the sidelines once more

I – 26th September – “…this left us with a powerful “Outside Day” in western terms, and a “Bearish Engulfing Pattern” in candlestick analysis. We are now very close to channel support at 137.25 and gap support at 136.83, and if these two give way we will have to rethink”.

J – 5th October – “In candlestick terms yesterday was a Shooting Star, a powerful reversal pattern…”

K – 18th October – “We are testing the bears’ resolve after a really strong session yesterday that has left us with a Bullish Engulfing Pattern and a Bullish Outside Day, all rolled into one…This strongly suggests that the retracement is over”

L – 31st October –”…this looks like a dip to buy”

M – 1st December – “…we posted a third small bodied candle in a row, suggesting that the bulls might well defend this key support zone, and we will retake the broken trendline, and get back to bullish”