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Amendment noted, I agree. And if you noticed , I did recommend getting RT quotes
if he planned to trade with 1 min bars. As for the quotes, thank you, I know
this. I assumed that when he mentioned a couple hundred extra per month, he was
planning to get more than one exchange if he converted to Real time quotes.
Eric
Peter 2150 wrote:
> In a message dated 98-01-05 10:35:32 EST, eric3@xxxxxxxxxxx writes:
>
> > I certainly won't condemn you to failure as Pete did since we don't know
> > your "system" or talent as a trader. Using the SP plus Prem is fairly
> accurate ,
> > but, IMHO, not enough so if you plan to do "serious" day trading. A couple
> > hundred a month is nothing (slippage on 1 trade) if you plan to day trade
> Spoos, > > and also you'll get to watch Bonds real time too.
>
> Eric and Dick
>
> Let me amend what I said. If you trade an approach like Gary
> Smith (please don't anyone ask me for details), then it would probably work.
> However if you are going to trade off of anything like 5 minute bars or less,
> I stand by my statement. Watching real time long enough its clear there is
> often a 5 min lag in cash signals vs spoos signals. Combine that with the
> fewer cash and even fewer prem ticks and I think the real time data will start
> to look cheap.
>
>
> Eric just to correct one thing. If you turn on CME realtime, you
> will have the Spoos and mini, but not real time bonds. If you also want the
> Dow Contract real time you have to turn on the CBOT which is around an
> additional $60/month. Then you do indeed get the bonds realtime also.
>
> Pete
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