[stusse]

Originally Posted by gmarx

Most definately a lot of prop traders including myself have switched trading styles, I started off a few years back as a spread trader , shatz/Euribor and Bund /Bobl,
Ive gone outright now with more success in the Bobl but a lot have gone into the Eurostoxx I know

How did you change your strategies, what was most difficult to adapt etc? I've done the same, most equity index futures now though. It's a different game but I guess Bobl outright might still be the same ball park at least, compared to say Dax outright. Are you "still" playing for a tick? Mean reversion? Go with the trend? Do you look at the spreads at all?

[gmarx]

Originally Posted by stusse

How did you change your strategies, what was most difficult to adapt etc? I've done the same, most equity index futures now though. It's a different game but I guess Bobl outright might still be the same ball park at least, compared to say Dax outright. Are you "still" playing for a tick? Mean reversion? Go with the trend? Do you look at the spreads at all?

Iam not a 1 tick merchant anymore, I tend to go with the trend much more and try for 3-4 ticks rather than trade the price action for a tick....too many incorrect signals, equally I will stop myself out at 3-4 ticks, probably overall trading less frequently and more technically

[stusse]

Originally Posted by gmarx

Iam not a 1 tick merchant anymore, I tend to go with the trend much more and try for 3-4 ticks rather than trade the price action for a tick....too many incorrect signals, equally I will stop myself out at 3-4 ticks, probably overall trading less frequently and more technically

Thanks for your reply mate. What system do you use, and what kind of transaction costs do you have?

[gmarx]

Originally Posted by stusse

Thanks for your reply mate. What system do you use, and what kind of transaction costs do you have?

No probz, mostly follow the trend using 5,10,15 min charts, I sometimes trade the breakout on 15 minute charts but only once its broken the trend then squeezed back up to the trend line as it usually does before it carries on with the breakout, I used to be with an Arcade now Ive gone to a firm in the UK who do both retail and prop, heres their link if you wanna have a look http://www.fairvaluefutures.com/

[stusse]

Originally Posted by gmarx

No probz, mostly follow the trend using 5,10,15 min charts, I sometimes trade the breakout on 15 minute charts but only once its broken the trend then squeezed back up to the trend line as it usually does before it carries on with the breakout, I used to be with an Arcade now Ive gone to a firm in the UK who do both retail and prop, heres their link if you wanna have a look http://www.fairvaluefutures.com/

Thanks, interesting. What platform do you use? Anyone tried the CQG autospreader? Supposed to be really quick..

[arabianights]

iirc it's co-located somehow, which is why

[stusse]

Originally Posted by arabianights

iirc it's co-located somehow, which is why

Yeah so I heard... but is it quick enough? STS, TT and the like have no chance against whatever it is that's so quick on eurex nowadays... Impossible to trade say the bund bobl schatz fly with one of those autospreaders.

[flynewbie]

Can decent money be made from the BBS fly or is it a money maker for prop houses?