Yep. Anyone thinking they can make free money on the spread between futures and forex for related currencies is going to be disappointed. Additionally even if there is a few ticks there (we've all looked at some point) this is not necessarily riskless.
Okay so what are you really asking? You want to trade cross-pairs and you're wondering if you should use less liquid futures against each other or instead use the spot? It's dead obvious: use the spot crosses as they'll be more liquid.
It's not really that man its just that aside from a few minor things the thread has positively been like the Ag Ideas thread - devoid of "I know more than all you idiots" type stuff.
You're going to love what CME does to the Russell - the cross-arb HFT nonsense from ES and NQ will be simply divine (yes, I'm being sarcastic). Expect TF to change behavior.
As far as ICE's current data charges - yes it's a bit heavy handed and ridiculous. Atleast give multiple tiers to people...
So basically you've got no calls, no revealing of any methodology, plenty of shit talking, and a healthy heap of "it's going up and I told you so" dogma.
Blah, blah, we can all make those same types of predictions man.
Just got a note from IB that ICE is cranking their rates from 97 to 120usd monthly. That's pretty BS and imo they should be lowering the rates or have a dual tier system like CME. As it is you have to pay data for every connection you use and the stuff adds up particularly with ICE and their 4...
I think over time we've now come to realize why spoofing has actually been cracked down upon so much: because it's taking money away from HFT entities who own the regulators and exchanges. Spoofing hurts HFT more than it hurts Joe Retail. Naturally the algos will change to try and detect...
As a strong believer and user of volume-based charts I can assure you there is no lack of surprises when time is removed from the picture. Not a Grail.
And that's why there's a trade, because what you see may not be what others see. It doesn't mean both sides are insane are wrong but it does mean there's the potential for a trade.
A recent rally back up to retest where we were isn't exactly bullish to me. Locally or short-term bullish yes (it...