rog1111 said:Wow, there were some large short term spikes today on US data release. I got hit with -72 pips on GBP futures. Ouch !
Interestingly though, comparing Globex with FXCM charts, the GBP futures spike was about 40 pips bigger than the spot spike & the EUR futures spike was ca 11 pips larger than the spot. I guess the futures are far easier for the big players to move due to less liquidity, and although I am loathe to admit it, this just might make a case for trading spot rather than futures, particularly for GBP, as long as spreads are tight, and I am seriously thinking of changing.
Wouldn't life be good if you could spread trade between the two at times like this, except you'd never get the fills you'd need.
Nice "holy grail" dream anyway.