Johnny Rock's comeback

algofy said:
Jrock...what kind of liquidity is there on the micro gold? I've been thinking about trying some swing trades and curious if there are bid and asks at a relative decent distance from the inside bid/ask of the normal contract? I'm traveling for a few days and don't have my quotes in front of me or I would check myself.
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MGC has very low liquidity and the spreads are generally about 20 - 30 cents. GC, which would be the same as five MGC contracts,has liquidity similar to the NQ (actually more in the limited amount of time I have been watching it) with tight spreads, 10 cents.
 
johnnyrock said:
MGC has very low liquidity and the spreads are generally about 20 - 30 cents. GC, which would be the same as five MGC contracts,has liquidity similar to the NQ (actually more in the limited amount of time I have been watching it) with tight spreads, 10 cents.
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2 or 3 tick spread is reasonable for a swing trade....is it a buck a tick?
 
algofy said:
Jrock...what kind of liquidity is there on the micro gold? I've been thinking about trying some swing trades and curious if there are bid and asks at a relative decent distance from the inside bid/ask of the normal contract? I'm traveling for a few days and don't have my quotes in front of me or I would check myself.
More...

Yes
 
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algofy said:
Jrock...what kind of liquidity is there on the micro gold? I've been thinking about trying some swing trades and curious if there are bid and asks at a relative decent distance from the inside bid/ask of the normal contract? I'm traveling for a few days and don't have my quotes in front of me or I would check myself.
More...
(insert sarcastic tone).....Thats a smart way to trade........come on goofy.... wtf!?


Hey JohnnyRock... what's today's recipe? https://elitetrader.com/et/threads/johnny-rocks-comeback.311429/page-16#post-4498517
 
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