Thread: Any brokers with 2 pip spread on eur/gbp

Originally Posted by ;

Could you provide some insight about how to scalp the orderbook?
I've always wanted to do that but have not found any useful
information online. Is it exactly the same as a SOBI (Static Orderbook Imbalance)
Strategy?

Some deep themes. I'm not a SOBI professional, as from how I know the egy,
and that I would not doubt you when you should tell me how to properly conduct the essential
computational analysis about the quantity in the buy and sell books and to receive the Si and the Bi.

I'd rather keep it simple and look for a few rather obvious activity in the publiion.
A lot of the market is about receiving orders filled, therefore if you can find orders at a price point,
it is logical to select the market there since price tends to go where the orders really are.
I dont get too excited when I see huge orders mounting up on one side or another.
That is assuming those orders do not disappear when the market gets there.

So I really don't have any reservation about selling a large pocket of bids or buying against enormous sells orders
simply because there are orders put there, provided that I'm differently confident in the soundness of the transaction.
Some like me can't make any difference against yards of quantity anyway, so why would I worry?

If I'm expecting bids at 50 to get consumed, I will sell that 50 to get a stab at the 40's
Somebody's hitting those bids and whether or not it gets hit with sufficient force, it ought to break,
even if just briefly long enough to fire off a quick scalp. Time of day and quantity requirements are crucial.
Watching for phantom bids and offers is still another thing. I learned to not see a DOM and watch
say a few thousand contracts at one price and believe it means anything or will have any lasting
effect on service or resistance. It doesn't. If the publiion is stacked with bullshit, I'd rather fade into it
than believe some big trader is gonna encourage my few lots with his huge order. It do not work that way.
That's usually a bluff value calling, when market conditions are active enough (but not when it is thin).

I figure some of the sounds counter to common sense, but since there is alot of matches played on the DOM
with bids/offers far enough away in the market not to be strong, I tend to look at the inside bid and
I'm more inclined to do the opposite of what would appear conventional. Again, if the orders are there,
along with also the quantity requirements are there, I will stick to the bouncing bid to get some pips, else I do not trade it.

I love to remember it takes real volume (not just bids offers) to move a market and take out a high or low.
The entire idea procedure lasts only a few seconds. In, out, flourish. Opportunities sets up every few minutes.

100 people may look at an order book and see a stale bid that has been sitting there possibly 10 points off for
like 8000 contracts or something large. The majority of them goes, Geez, I'm not gonna sell that!!!!
The very first thing I believe isthat order's 10 points off, I wonder when I could sell it down to that bid 2 ticks
before strong bids interrupt it? How long has that been sitting anyway? What's it?

Thanks for bringing up the topic. Don't know whether it provides any real penetration, but my view is one of
understanding that I'm only a participant and also my transactions do not impact the market, therefore I do not let the market influence me.

Happy New Year !!!!

Originally Posted by ;

Thank You for bringing up This Topic. Don't know whether it provides any real penetration, but my perspective is just one of
understanding that I am only a participant and my own trades don't affect the market, so I don't let the market affect me.

Due to YOU! I could read on.
To bad I can only give out one vouch.
I am currently using a Futures Feed with NinjaTrader which
offers Level II, Dynamic SuperDOM and Static SuperDOM.
How much DOM does one person need? And whats the differnce between
Level II and DOM?

Originally Posted by ;

Hey Guy,
Happy New Year !!

No difficulty to talk about what and if I could.



But check out ADM. Demo was unique sometimes, but live is eloquent complete.
The 0.1 size = 100K (1/10 of a million) and executes in a flash (no delays).

Happy New Year for you too! The Currenex Lite platform that they offer is Currenex's retail friendly platform. I trade through Currenex with another CMS, who is pricing is more than that which ADM offers. If you prefer I will show you a contrast screen shot. Not going to do it on a forum. Also, Banks are now accepting 10K orders also have been for the past few decades now. I was amazed to if I found this out as well. Prime brokers hate it though due to CLS fees and fitting small trades.

All of the best.

Hey that EA is that??? I'm not aware of it? Are you speaking about Freedom something??? Or that silly old man standing in front of the screen saying he made $2000/day?

Originally Posted by ;

Because that ridiculous EA sell like a hot cake at this time.

Originally Posted by ;

Additionally, Banks are now accepting 10K orders and have been for the past couple of years now.
I was amazed to if I found this out as well. Prime brokers hate it due to CLS fees and matching small trades.

Well, I'll be a monkey's uncle.

I honestly did not believe brokers could pass 10K trades into a bank without aggregating these numbers ,
although, I'd discovered it had become commonplace to see 50K lotsize accepted by bigger banks w/straight-thru processing.
Learn something new everyday. Thanks for the information.

Originally Posted by ;

I exchange via Currenex with the other CMS, who's pricing is more than what ADM offers.
If you like I will show you a comparison screen shot.

I would certainly look at something when you have a screenshot. Your PM would be welcomed.

Originally Posted by ;

Thanks to YOU! I could read on eternally.
To bad I can only give out one vow.
I'm currently using a Futures Feed with NinjaTrader which
offers Level II, Dynamic SuperDOM and Static SuperDOM.
Just how much DOM does one person need? And whats the differnce between
Level II and DOM?

Thank you for the vouch, really thoughtful of you. I guarantee I will not try to sell it on Ebay.

NinjaTrader. I understand this program just a little bit.
A couple of months ago I rented the appliion for 3 weeks @ $180USD and hooked it up
into some Chicago broker who cleared thru Velocity Futures. Don't want to mention the IB by name since
I afterwards discovered them to be acceptable, but the commisions were very low, like $4 or less R/T.
We get what we cover.

Back to NinjaTrader (sometimes called NT, that has confused using MT):

NinjaScript is something I've tried to understand, but like MetaLanguage, it's a learning curve and its own quirks.
I like Ninja's tick and 1 second charting capabilities as well, which are lacking in MetaTrader4 native release.
It's a pain in the ass to find MT4 to store ticks and display and update them thru a script or indior.
Ninja has this built in and unlike Tradestation, the computer software can be used free of charge in simulation mode.

About the DOM, Ninja SuperDOMs reveal the quantity at different price points
just like licensed DOM products (those companies who pay a commission to offer DOM in their appliions ).

This thing I find aggravating in NinjaTrader is, due to the authorities of an existing patent,
if you go to mouse within the price ladder at which you could join the bid or offer at a price point,
the volumes become concealed. Move the mouse off and they show up again.
Drove me nuts since I see Bid/Offer volumes and whatever limits a simple visual glimpse
in a number as lively as amounts would be less of an advantage.

Tradestation, who accomplishes their inventories thru RJ Obrien, pays the royalty on the DOM patent and
the quantity numbers don't pop in and out when you mouse over. If it weren't for a lot of
platform glitches that turned out to be more costly execution-wise, I'd probably still use them more often.
I keep the account open and exchange a few trades per month to acquire the platform fee waived.

On the Static DOM, the rows don't move and the interior Bid/Ask climb up and down the ladder.
On the Dynamic SuperDOM, the current inside Bid/Ask remains still while the price pops go up and down.

Level II is vital because, based upon the tool traded, it shows more info about market thickness.
Moving several levels deep, you can see those bids and offers in the orderbook and even a TIME collumn,
so you understand how fresh the order is/was or just how long ago the previous trade happened in less liquid mkts.
When trading shares, Level II is quite handy. MB Trading Provides a Level II due to their Forex Order Book.
They've bots (like in robots) that will at times add,deplete and replace quantity automaticly so sometimes
you are trading from a computer appliion. I learned this firsthand, not from something someone told me.
So, Level II is significant since it shows much of the same information as a DOM, and a few other bits of data.

Here's a screenie of Ninja's DOM contrast (from the Guide). They are both alot differently.
Difference is precisely how price levels are exhibited. One goes another remains fixed.

Hi
FXTG Australia offers 2 pip on EUR/GBP minimum $3000 and one pip for all majors .Conditions apply.See http://www.FXTG.com

Originally Posted by ;

Im searching for a broker that uses MT4 and has two pip fixed spreads on eur/gbp. So far iv only managed to loe Alpari UK but im a US citizen and may open an account. Anyone have any suggestions?

Alpari With As Low As two Pip on eur/gbp

I trade this pair quite a little and also have discovered that GoMarkets averages round the 1.2-1.4 mark. They are pretty good I believe.

Originally Posted by ;

I trade this pair quite a little and also have noticed that GoMarkets averages around the 1.2-1.4 mark. They're pretty good I think.

1 to GoMarkets.