|
PureBytes Links
Trading Reference Links
|
OkieDame@xxxxxxx wrote:
>
> I understand QCharts is a stand alone program, not reliant on your browser.
> I have seen many mention how reliable their QChart service is. While we're
> on the topic of QCharts, could you tell me how versatile the charting is for
> futures. Does it have tick and intraday data and can it be recovered from
> previous sessions? As a "not yet successful" trader, I was thinking of
> QCharts w/MidAm exchange. At least I could get a flavor of several different
> markets at a more reasonable cost. Do you have any thoughts on this idea?
> Thank you.
> joanie
>
>
>From what I've seen on quote.com and from what I know about the volume
on some of the Midam markets you may not get much of a feel for intraday
activity watching the Midam. They give good fills that accurately
reflect the main market (+/- a couple tics sometimes), but a lot of
times in the less active contracts nothing may be happening!
I wonder if you would be better just watching the delayed data on a
primary markets if you are primarily just trying to learn. It might
even be reasonable, when you are ready to try something out but want to
start small, to watch the primary (realtime), but trade the Midam.
Obviously the smaller profit potential in the Midams will make it harder
to pay for costs, and you may have slightly higher slippage in the
Midam. I have found stop and mkt-open orders to work as expected in
the Midam contracts; I've only done a few mkt orders during the day
since I am a (also not-yet successful) position trader, not intraday.
As someone else said there may be a few of the Midam contracts that have
meaningful intraday plots. Bonds likely. Maybe the grains which have
pretty good volume, esp corn and beans I think.
Conrad Bowers
|