Grey 1 where and why did he vanish?

This is a discussion on Grey 1 where and why did he vanish? within the General Trading Chat forums, part of the Reception category; Scalping never pays...... Interesting posts on some research FYI. http://www.trade2win.com/boards/spre...ml#post1478794...

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Old Mar 22, 2011, 6:35pm   #46
 
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Re: Grey 1 where and why did he vanish?

Scalping never pays...... Interesting posts on some research FYI.

http://www.trade2win.com/boards/spre...ml#post1478794
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Old Mar 22, 2011, 7:02pm   #47
 
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Re: Grey 1 where and why did he vanish?

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Originally Posted by gulam View Post
Scalping never pays...... Interesting posts on some research FYI.

http://www.trade2win.com/boards/spre...ml#post1478794
liquidity providing forms of scalping are consitently shown to be the best strategy there is, actually...
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Old Mar 22, 2011, 7:16pm   #48
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Re: Grey 1 where and why did he vanish?

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liquidity providing forms of scalping are consitently shown to be the best strategy there is, actually...
retail traders can't do this though, can they?
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Old Mar 22, 2011, 7:18pm   #49
 
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Re: Grey 1 where and why did he vanish?

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retail traders can't do this though, can they?
I don't see why not. Odds stacked against em but it's doable. It's what, about 5k to open a futures account?

If they can pay less than, I dunno, £3 a round trip they could make money.

Alternatively in FX I think some of the ECNs rebate you for providing liquidity, right? I'm not actually certain.
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Old Mar 22, 2011, 7:40pm   #50
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Re: Grey 1 where and why did he vanish?

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Originally Posted by arabianights View Post
If they can pay less than, I dunno, £3 a round trip they could make money.
I wish!
I don't know of any retail traders who enjoy a deal as good as that. (I'm not saying there aren't any - I just don't know of any.) There might be a few iffy brokers out there offering rates this low - but none of the majors are, AFAIK. The only way to significantly reduce round trip charges I know of is through exchange membership but, obviously, there are costs involved with that.

This is where I get deluged with posts from loads of peeps saying they only pay $3.00 RT!

Tim.
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Old Mar 22, 2011, 7:52pm   #51
 
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Re: Grey 1 where and why did he vanish?

Sure they do - geofhill here, for exmaple, pays about 80p on ftse, which is not much more than I do.

Admittedly he does a lot more size than most retail traders. But it's perfectly possible

Don't forget it depends on the product as well. On CME/CBOT stuff being an exchange member is far more important than it is on LIFFE...
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Old Mar 22, 2011, 8:18pm   #52
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Re: Grey 1 where and why did he vanish?

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Originally Posted by arabianights View Post
I don't see why not. Odds stacked against em but it's doable. It's what, about 5k to open a futures account?

If they can pay less than, I dunno, £3 a round trip they could make money.

Alternatively in FX I think some of the ECNs rebate you for providing liquidity, right? I'm not actually certain.
MB Trading has just started doing that I think (I don't trade forex though).

£3 is about $4.80, and you can definitely get less than that with IB. You have to do some size though, I think over 2500 round trips a month.

You could open a futures account with 5 grand, but in my opinion it would be a poor idea.
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Old Mar 22, 2011, 8:21pm   #53
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Re: Grey 1 where and why did he vanish?

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I wish!
I don't know of any retail traders who enjoy a deal as good as that. (I'm not saying there aren't any - I just don't know of any.) There might be a few iffy brokers out there offering rates this low - but none of the majors are, AFAIK. The only way to significantly reduce round trip charges I know of is through exchange membership but, obviously, there are costs involved with that.

This is where I get deluged with posts from loads of peeps saying they only pay $3.00 RT!

Tim.
Arabian was saying £ Tim, not $. $3 would be pretty sweet!

You can get a flat rate for all the major US index futures of $4.80 from Lions Futures, and that includes charting, data, all in (open e-cry).
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Old Mar 22, 2011, 8:41pm   #54
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Re: Grey 1 where and why did he vanish?

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Originally Posted by Pazienza View Post
Arabian was saying £ Tim, not $. $3 would be pretty sweet!

You can get a flat rate for all the major US index futures of $4.80 from Lions Futures, and that includes charting, data, all in (open e-cry).
Hi Paz,
Yes, you're quite right. I was getting my £££s and $$$s muddled up. GBP £3.00 R/T is indeed very doable. USD $3.00 is a tough call.

Tim.
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