Price Limit Update ...... - Commodities Futures Trading | futures io social day trading
futures io futures trading


Price Limit Update ......
Updated: Views / Replies:551 / 5
Created: by mdsvtr Attachments:1

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Price Limit Update ......

  #1 (permalink)
Membership Temporarily Revoked
Memphis,TN
 
Futures Experience: Advanced
Platform: ThinkorSwim,FXCM, Ensign Software
Broker/Data: ThinkorSwim, FXCM
Favorite Futures: Futures, Forex, Options
 
mdsvtr's Avatar
 
Posts: 232 since Sep 2010
Thanks: 853 given, 28 received

Price Limit Update ......

I was just wondering what exactly the numbers beside each of these Agricultural products meant, via the " Outrights " , and also, what exactly a Price Limit is ?

Does the Price Limit mean, there is a cap to the amount that you can make or lose in a given trading day
OR
is it the amount that if a Limit up/down occurs, that the market can not exceed these " Outright " prices


Just making sure I understand these numbers correctly

As always, I appreciate the help

Attached Thumbnails
Price Limit Update ......-2015-05-27-price-limit-update.png  
Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Texas, USA
 
Futures Experience: Intermediate
Platform: X_TRADER Pro, Custom
Broker/Data: NxCore
Favorite Futures: Futures, Spreads
 
Hulk's Avatar
 
Posts: 215 since May 2014
Thanks: 509 given, 474 received



mdsvtr View Post
I was just wondering what exactly the numbers beside each of these Agricultural products meant, via the " Outrights " , and also, what exactly a Price Limit is ?

Does the Price Limit mean, there is a cap to the amount that you can make or lose in a given trading day
OR
is it the amount that if a Limit up/down occurs, that the market can not exceed these " Outright " prices


Just making sure I understand these numbers correctly

As always, I appreciate the help

You got it right. Price limits prevent price of an instrument from being traded over/under a "reference" price which is nowadays reset daily (mostly the daily close). For instance, the image says that the limit for corn was changed from $0.25 to $0.30. That means that if Corn closes at 370 today, then tomorrow the price cannot trade above 400 or below 340. You might be getting confused by the pricing unit of 370 or 400. If that is so then check out the contract specs for corn and you will find that corn prices are in cents per bushel, so even though the corn price is referred to as 370, it is really $3.70. Apply a 30 cent price limit up and down and you get 400 and 340 or $4 and $3.40 respectively.

I think there are also limits in place by time - overnight limits are different from regular session limits.

Outrights are nothing but futures contracts. Calendar spreads are the difference between one futures contract vs another for the same product. For instance, CL has a contract listed, one for each remaining month in the current year plus 5 years forward. These are referred to as outrights. Now you can also trade the difference between CL July vs CL August and this is known as a Calendar spread. There are other spreads too like crack spreads and other inter product spreads that are also exchange traded.

Each listed contract has a specification that explains all this or has links to documents. You can look up these specs for any contract you are interested in.

Reply With Quote
The following 2 users say Thank You to Hulk for this post:
 
  #4 (permalink)
Membership Temporarily Revoked
Memphis,TN
 
Futures Experience: Advanced
Platform: ThinkorSwim,FXCM, Ensign Software
Broker/Data: ThinkorSwim, FXCM
Favorite Futures: Futures, Forex, Options
 
mdsvtr's Avatar
 
Posts: 232 since Sep 2010
Thanks: 853 given, 28 received

A follow up question to revious Price Limit update question....

As of toda ( June 22, 2015 ) , the Daily Price Limits for the following symbols are...

Soybean Oil = 0.02
So this means that... no matter how much Soybean Oil moves tomorrow ( Monday ) in price .... say it moves 1 full point ( a $600 ) move, that I would be capped at only being able to profit / lose $12 ( .02 x $600 = $12 )


Soybean Meal = $25
So this means that..... again, no matter how much Soybean Meal moves tomorrow ( Monday ) in price. ... say t too moves 1 full point ( a $100 ) move, that I'd be capped at only being able to profit / lose $25 OR is it $25 x each 1 point move of $100 = $2,500 ?

I can understand that if these small Max Price Limits are accurate , that this can save you from suffering a big loss if the market you are trading in happens to have bad news hit the news and goes into a Limit Down " Lock " period for days on end ..... but this also means that there's not much money to be made either

Thanks for anyone who can shed some light on the subject

Reply With Quote
 
  #5 (permalink)
Elite Member
PA
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: ES
 
Posts: 26 since Jul 2010
Thanks: 264 given, 35 received

The Limit Move values are limits in the pricing of the actual futures product.

The Limit Move in Soybean Oil is 2.5 cents per pound. Example: a move from 33.00 cents/lb to 35.50 cents/lb. The point value is $600, so a Limit Move would equate to a profit/loss of $1500.

The Limit Move in Soybean Meal is $25 per ton. Example: a move from 332.0 $/ton to 357 $/ton. The point value is $100, so a Limit Move would equate to a profit/loss of $2500.

Reply With Quote
The following user says Thank You to Coastline for this post:
 
  #6 (permalink)
Membership Temporarily Revoked
Memphis,TN
 
Futures Experience: Advanced
Platform: ThinkorSwim,FXCM, Ensign Software
Broker/Data: ThinkorSwim, FXCM
Favorite Futures: Futures, Forex, Options
 
mdsvtr's Avatar
 
Posts: 232 since Sep 2010
Thanks: 853 given, 28 received

Thanks Coastline,

appreciate your help and contribution to the thread

Reply With Quote

Reply



futures io > > > > Price Limit Update ......

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
horizontal line to update with real time price - NT7 gparkis NinjaTrader 6 August 23rd, 2016 10:53 PM
When a stop loss order is filled beyond limit price Big Mike Reviews of Brokers and Data Feeds 56 September 15th, 2015 10:01 AM
How to Put a Limit Order above and below opening price of a Candle Session. jsk123 Platforms and Indicators 3 April 29th, 2015 03:47 PM
Include Commissions in Limit Price at Order Entry TraitorX IB Trader Workstation 0 January 7th, 2014 04:16 PM
How can I store the first order limit price as a variable to use for calculating... richw NinjaTrader Programming 2 February 22nd, 2011 03:58 PM


All times are GMT -4. The time now is 03:29 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-13 in 0.10 seconds with 20 queries on phoenix via your IP 54.226.132.197