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Mini-gold vs. micro-gold vs. regular gold futures: any comments?
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Mini-gold vs. micro-gold vs. regular gold futures: any comments?

  #21 (permalink)
 Vendor: tradingtechnologies.com 
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windguy View Post
Both good points and relative to what type of turmoil one is talking about; also how apocalyptic the context. I agree with both and therefore think having both makes sense <grin>.

Considering we are talking about futures contracts, it is likely this is moot because all I care about is short term P&L so I can buy the latter. Fun to discuss nevertheless....

Totally fun to talk about. And you can't eat gold so keeping a stash of canned foods is never a bad idea.

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  #22 (permalink)
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place in history

Gold has a significant place in economic history.

Working on trading YG here more. I'm feeling like I've got my swing style down fairly well but have needed to hone in on something I could day trade.

Anyone else?

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  #23 (permalink)
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Now that ICE have raised their data feed prices to rather high levels I wonder if MiNY gold and micro gold will be the better small trade but we'll see.

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  #24 (permalink)
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I have played MGC for a little while and it is small, really too small but it is liquid enough and the spreads are tight enough to not be a worry. I really prefer to scale in and out and I think its fine, though you need 4-6 of them to catch a move and make any money, unless we have those huge swings like today on the NFP release

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  #25 (permalink)
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vabikepacker View Post
Gold has a significant place in economic history.

Working on trading YG here more. I'm feeling like I've got my swing style down fairly well but have needed to hone in on something I could day trade.

Anyone else?

I will occasionally trade YG in my TOS account. IB gives you free ICE metals quotes through December 2016 so you could use YG over there as well. I traded ZG & YG on ECBOT back in the days before GC was put on GLOBEX. In those days, there was no real deep market making on ECBOT Gold & Silver so if you had stops hit, you could really get whacked but could rake in some quick cash with filled low-ball limit buy orders.

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  #26 (permalink)
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I stopped trading ICE products when they kept raising their data fees, its too much for the one or two tickers I might want to trade. Apparently mini Russell is going back to the CME next year, then for me there will be no reason to pay ICE a single dollar

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  #27 (permalink)
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Trading MGC micro Gold.....no slippage, quite okay

I have traded MGC micro Gold.....no sign of slippage. Trading was quite okay. Compared on two platforms....like the CTS T4 which is quite stable platform with no gimmicks like the Ninja has.

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  #28 (permalink)
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MGC

I have traded all 3 and can tell you the GC can be scary fast moving the micro at $1 a tick is attractive but the volume is so thin that you blink and $10 can go by. its all in your comfort level remind me of tradin Mid-Am contract in the old days at the CBOT

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  #29 (permalink)
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Three1seventy View Post
I have traded all 3 and can tell you the GC can be scary fast moving the micro at $1 a tick is attractive but the volume is so thin that you blink and $10 can go by. its all in your comfort level remind me of tradin Mid-Am contract in the old days at the CBOT

I agree completely on this.

I've traded gold for quite a few months but have moved to other products as its thinness has a twofold effect.
First the volume patterns are less reliable than thicker markets and secondly it is very common and usually happens a few times a day that there are huge stop runs in gold. The extreme of these can be as much as 80 ticks as I witnessed about a week and a half ago. At that point it gets a bit silly .....

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