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Re: Trading on the Globex Market



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the problem with globex data is the off market trades when someone yoyo
places a market order and gets taken for a ride. I bet you'll get much
better results if you use cash forex data.

With the electronic cash forex dealers out there now, there's not much of a
reason to trade currency futures anymore. Spreads are tight 24 hours a day
without having to ask for it, it's just a better deal all the way around.
Some, like PFG I am aware of, will let you trade cash fx and futures out of
the same account. John, have a look at Saxobank and/or CMC.

Chris



----- Original Message -----
From: "Michael E Songer" <songer@xxxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Tuesday, March 12, 2002 7:44 AM
Subject: RE: Trading on the Globex Market


> John,
> There is a lot of liquidity in globex. You may not see it on the screen
but
> it is there if you need it.  I used to do 10,000 cars or more in an
evening
> in 500, 1000, 2000 increments.  However, you need to watch the cash
because
> trading may be thin on the machine.  if you need to do size, tell your
> broker to do a "Request for Quote" (a button on the terminal) and the
Globex
> guys will come back with a respectable price.  I have had much better luck
> on Globex than EFP's.
> Mike
>
> PS. What is a TS system?
>
> -----Original Message-----
> From: John Lynch [mailto:kiwi_trader@xxxxxxxxxxxx]
> Sent: Monday, March 11, 2002 4:25 PM
> To: omega-list@xxxxxxxxxx
> Subject: Trading on the Globex Market
>
>
> I'm using a combination of automated long term TS systems an a short term
> channel violation to improve performance.
>
> I've found that this works well in day only comodities but the override
has
> trouble being profitable with currencies.  The reason is the gaps - and
the
> way to fill them is to trade the 24hr globex market.  I trade SF CU JY AD.
> So my question is:
>
> Does anyone have good or bad experience they'd share of trading in the
> globex market esp slippage?
>
> John
>