Finally I did it : I traded yesterday, for the first time, the euro fx future (6E) instead of the eur/usd cash market. What a difference! A really professional instrument which makes scalping tremendously powerful. Here are the benefits of the migration:
1. Almost all entries/exits were filled with 0 spread, especially on limit orders, instead of the usual 0,5-1 pip on IB cash!
2. Absolutely precise control of the trade on a price ladder.
3. Lower commissions by 35%, 0,4 pips per trade round trip, instead of 0,6 pips.
All that putted together, it means at least 1 whole pip economy per trade. With 1M lot (8 contracts) that means $100 savings per trade!! Multiplying by 10 or 20 trades per day, the savings are in the thousands, every single day..
You may understand how impressed I am. I must be really naive for staying five years in the cash market. Futures are an absolute must for scalpers. I always wanted to make the migration but always postponed it for some reason. A comment of Thomas from Denmark in a previous post made me think about this again. A BIG thank, Thomas. I owe you a big favor!
Thursday, April 28, 2011
Wednesday, April 27, 2011
Tuesday, April 26, 2011
Monday, April 25, 2011
The photo is from our "family workshop", teaching my little daughters to photograph wild flowers with a pocket camera..