hi guys - i have been reading your thread last couple of days, great thread, sounds like you are doing good work trading - i have a question re. your referring to "volume" - i presume you mean t&s / dom on the globex futures - now i thought most of the volume there is computer-driven arbing off the spot market - and the "real", i.e. big volume is in the inter-bank market - i just wanted to understand how you use this... thx in advance and if your thread has discussed this issue before, would you pls refer me to the page, i have not had a chance to loop thru 400 pages in your thread.
Yes, indeed the futures volume is very small compared to the Interbank volume. But still I find it useful in determining the strength of a pullback or pullup. I don't use the T&S that much but I chart the volume using my own indicators.
hi chinook - thx for the answer - i suppose one could say the same about the bund, i.e. most of the volume is interbank but the bund future is so liquid that i'd think the volume in it would reflect the bias of the active participants rather than computer arbing off the underlying market.. thx again for the insight, regards.
I personally found the T&S on EuroFX to a lot more useful a few weeks back when compared to now. Now the market seems a lot thinner and there are more flashing and wider spreads at slow times during the night. Presumably this will go back to normal in january or around there. I would love to have an EBS spot platform - seeing the liquidity of the counterparts and what banks they were trading through etc.
Just now was an example of how stupid the book can get sometimes. Super-wide spreads and printing like mad ...
what I find interesting is the Suisse is a little weak compared to the Euro tonight ... yet I saw a HUGE MONSTER order on the globex book in the .8735 area dec futures ... wonder what happens if we get there if that order is pulled ?