Eurodollar Futures (GE)--anyone else trading these?

Quote from dsguns1:

Exactly, this is a great forum. However, to ask someone how they make their money in the ED is truly not right. I cant really understand why I should give my ideas to someone else? I trade 200 at a time as outrights, why should I tell someone what I see or do so they can go after the same thing that I am??????? Really, dont use your "culture" as an excuse to bilk free info. Again, it took me alot of trial and error to become a consistent trader. Trading is not a group sport, at the end of the day, either you make money for yourself or you dont. My livelihood depends solely on a strategy that I have developed which I feel is sound. In the next few months you are going to see a big migration of floor traders who trade plenty of size who are going to be exclusively on the screen. Its not going to be any easier to make money once this happens.
I would be happy to tell who "goldie" is, or that 287 is Man Financial and they probably are the biggest consistent player in the 3rd and 4th option. But to tell you how I make money just wouldnt be worth it.
Again, spend some time, take some risk, and FIGURE IT OUT!!!!!!
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Heh, you actually replied.

Bilking free info. Don't think I've ever been accused of that before.

I guess the attitude is really different. Here in SGX, we think there's enough money to go around so that we don't mind sharing what we know.
 
Quote from suntzu:

Heh, you actually replied.

Bilking free info. Don't think I've ever been accused of that before.

I guess the attitude is really different. Here in SGX, we think there's enough money to go around so that we don't mind sharing what we know.
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Then stay there pal. Sorry I cant help.
 
Quote from suntzu:

Acidjazz,

I'd like to start trading outrights again cos it was great trading 'em when I was in the Simex pit. We had all those little non-verbal cues like order fillers body language and pit sentiment which totally helped us to decide whether it was going to be bullish or bearish for the day. I'm not saying it was always hunky dory but at least there was another potential source of trading profit. Well those physical cues are all gone now in Globex and its really much harder scalping outright EDs in Globex. That's why I'd like to hear from any outright Globex ED traders how they do it.

I'd be grateful for any pointers.

Cheers.
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sorry guns but I really don't agree with you about 'giving away money' by sharing information about trading styles...I don't have a system per se, if I did then maybe I'd be worried about losing an edge as so many people speak of...my style of trading ED is basically scalping and no matter what I tell suntzu about how I manage to extract money every day, there is nothing he or anyone else can do to change it...the only thing that causes you to lose your 'edge' is a lack of flexibility...not somebody else copying your style...I'm in an office that is full of scalpers and it hasn't made a bit of difference...the way ED trades on the screens has changed over the past year as volume shifted from the pit, but all that means is that you have to adapt...

anyway, suntzu, you spoke of indicators in the pit like body language and pit sentiment...well, those indicators are now in the electronic market but in a different form...for instance, learning to recognize what the T-note looks like when it's about to break out or how it responds after reaching a technical level...I just look for patterns that repeat themselves and try to insert myself in a way that goes with them or against them...the problem a lot of pit traders have when transitioning is that they fail to look at the market on the screen the way they used to look at it in the pit...

my opinion only...
 
got to say i agree.

although i only trade spreads in ge, i do day trade other markets.

if i was to tell someone else how i trade, i do not think they would go off and be trading exactly the same signals as i would. the other guy would have different risk tolerance, different time horizon, would probably want to add his own stuff, etc. trading is very individual - what ever the market.

on the other hand i do also see the argument in not wanting to share ones own intellectual property that may have taken considerable time and money developing.

either way, imo real success comes through ownership of a strategy. not copying what someone else does.

suntzu - in fairness, if you really want to get in to daytrading ge i think there is enough detail in this thread to get you started on your own path. trdinglife and others have given a lot of info on what they look for and other details on this thread that would be very useful. i'd read through the thread a few times if you haven't picked it up the first time. then ask a few questions maybe or put forward some points to get others opinion on.

futurestrader71 has also posted details on how he scalps index futures on a thread called 'market depth patterns' or something similar under the strategy forum. that may help too.

either way good luck
 
Quote from trdinglife:

sorry guns but I really don't agree with you about 'giving away money' by sharing information about trading styles...I don't have a system per se, if I did then maybe I'd be worried about losing an edge as so many people speak of...my style of trading ED is basically scalping and no matter what I tell suntzu about how I manage to extract money every day, there is nothing he or anyone else can do to change it...the only thing that causes you to lose your 'edge' is a lack of flexibility...not somebody else copying your style...I'm in an office that is full of scalpers and it hasn't made a bit of difference...the way ED trades on the screens has changed over the past year as volume shifted from the pit, but all that means is that you have to adapt...

anyway, suntzu, you spoke of indicators in the pit like body language and pit sentiment...well, those indicators are now in the electronic market but in a different form...for instance, learning to recognize what the T-note looks like when it's about to break out or how it responds after reaching a technical level...I just look for patterns that repeat themselves and try to insert myself in a way that goes with them or against them...the problem a lot of pit traders have when transitioning is that they fail to look at the market on the screen the way they used to look at it in the pit...

my opinion only...
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Hey trdinglife....
I sent you a PM. Take a look mate.
 
Quote from dsguns1:

Hey trdinglife....
I sent you a PM. Take a look mate.
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and you now have my response...have a look eh?

as for the rest, bloggs is right in saying that there is more than enough info not just from me by the way about trading ED on this thread...anyone interested in knowing more about it just has to spend some time reading it...
 
anyway, back to the trading......


are many of the outright (or spread) traders paying much attention to seasonal (statistical) patterns?

The reason why i ask is that from my view point the technicals currently seem to be going against the seasonal pattern.

could this be a good chance to whip some money from those who blindly follow the seasonals, or should there be more caution? My personal view is that a trader should have conviction in what he sees over a statistical outcome (statistically, people dont believe in statistics!! :D )

does anyone see any fundamental changes (economic reasons) why this should or should not be?

cheers
 
I have looked at a few Eurodollar Flys recently and most of them appear to be trading at their highs. As I am relatively new to this style of trading can anyone offer an explanation. Is this a greating shorting opportunity or is their something I'm missing.

Thanks.
 
I have been looking at the data on the 1yr mid-curve GE options and it appears that the number of trades and volume executed on EOS is limited. Two questions:

1. Are LMMs involved on globex making a "firm" market on smaller sizes (#<100)?
2. Can you use IB as broker for GE options or are their other firms that do a better job with electronic option trading?

Any info would be appreciated. Thanks.
 
anyone happen to see the volume on the DEC05 contract today...that's got to be close to a record...almost 500,000 if I'm not mistaken...big sellers ahead of the minutes getting good position after ridiculous run-up after cpi...then quick profit taking after release...finally some more volatility...
 
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