Registered: Feb 2012
03-06-12 10:22 AM
The problem that we have, is the human traders ( point and click guys) no longer actively scalp, turning out 1000's of Round Trips a day- those days are long gone ( died around 2005/2006).What the Human intraday traders now do is position trade and look on a longer term timeframe with a view of taking 30 ticks with a wide stop of say 10 ticks, as to avoid the algo " noise".This type of trading obviously significantly reduces the volume, as it has on the EUREX.
Also the human cannot actually see where the "real market" is due to the latency of both the human brain and not being co-located at the Equinix data centre in Frankfurt, and hence are at a disadvantage, which again reduces volume-As who wants to play on a unlevel playing field?Only a mug would do that.
The combined volume of both the BOBL and BUND as of 10.20 am (GMT ) has not even reached 500k contracts- utter Dogshit for active scalping- its a dead mans game.
I have adopted by position trading and just put a stop in x ticks from the market with a target in place , and walk away from my screen.
Hoping these 140.39's will break to trigger the stops placed around 140.56/59