Anyone have any idea what's happened to the FDAX spreads recently : always used to be a solid 1 tick - except very briefly around news - but lately it often widens to several ticks which is screwing with my very tight stop approach & causing a lot of slippage. Take a look at my second trade this morning : entry @ 5980.5, stop was already @ b/e+1 and fill was 5979.0. I've reduced from 4 (optimal imho) to 2 and am now back to a single contract for this market.
I know the EU is in a mess, but it feels like trading an expired contract !?
Edit : to clarify, the spread widening is momentary, but can take out a stop 5 or 6 ticks away.
Edit2 : for the first time, I've looked seriously at FGBL & FESX this morning. Huge vol & apprently rock steady 1 tick spread. In the past, they seemed to move about as fast paint drying, but very nice range today, so any of you guys also trade these markets & care to share your experience, please ? I see there's a 2.5:1 margin advantage, but obviously far less intraday range... I remember sharky used to trade ZN for something like 4 ticks but with very large size....
Last edited by jtrade; November 15th, 2011 at 03:54 AM.
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I like to know what data feed do you use for Eurex markets.
From what i read , looks like brokers offers just a low level data feed from Eurex(in the terms of tracking the cumulative delta,orderflow,etc.---a good feed from Eurex could be much expensive).
DTN IQ is a good feed for Eurex ? Worth the money ? Any opinions & sugestions ?
I have been trading 6E, 6A, FESX & FGBL over the last few years with some small success.
They just about make me go to sleep most nights though as i generally trade during their quiet period.
Recently started trading FDAX in Sim on NT7 using Range charts and fairly standard indicators.
Have made reasonable progress so far but still experimenting with values, indicators etc to
optimize the the market moves. Certainly keeps you on your toes - so far a real neat instrument
to trade, just a matter of getting it right. Being in NZ the time zone also suits as i can trade early evening
here, make my money then off to sleep. Can also catch the market at the end of your day if i trade some
Cheers for now Global