CME reducing tick size of 6E EURUSD futures - Currency Futures | futures io social day trading
futures io futures trading


CME reducing tick size of 6E EURUSD futures
Updated: Views / Replies:7,741 / 37
Created: by Big Mike Attachments:0

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
 

CME reducing tick size of 6E EURUSD futures

  #21 (permalink)
Elite Member
Austin, TX
 
Futures Experience: Intermediate
Platform: F-16CM-50
Favorite Futures: JDAM
 
tturner86's Avatar
 
Posts: 5,784 since Sep 2013
Thanks: 9,849 given, 11,160 received
Forum Reputation: Legendary


Tymbeline View Post
LOL - I'm "only asking". My thinking was that this is a move to designed to attract more customers, and in the long run (if successful) that's going to increase liquidity, rather than reducing it?

I was waiting for his answer.

I don't think it will have any real effect now, but I agree with you that later it should increase which is what they want.

Reply With Quote
The following user says Thank You to tturner86 for this post:
 
  #22 (permalink)
Trading Apprentice
Amman/Jordan
 
Futures Experience: Intermediate
Platform: NT , MT4
Favorite Futures: Indices , Commodities
 
Posts: 39 since May 2013
Thanks: 13 given, 13 received

I meant liquidity at the best bid/ask price around the 0.5 new minimum , didn't mean volume will dry or something . Its all about minimum bid-ask spread divided by ATR , the lower it is the less the liquidity at the best bid/ask . Look for example at 3 months Eurodollar markets , the minimum tick there is a big portion of the daily range , its all about gaining the edge given away around the mid point .

Reply With Quote
The following 2 users say Thank You to Surprise for this post:
 
  #23 (permalink)
Trading Apprentice
Long Island, NY
 
Futures Experience: Advanced
Platform: TOS, OX
Broker/Data: TOS, OX
Favorite Futures: ES, TF,, ZB, ZN, 6A, 6B, 6C, 6E, 6J, 6N, CL, NG, GC, SI, HG, ZS, ZW, ZC, CC, SB, KC, CT
 
Posts: 19 since Jul 2014
Thanks: 0 given, 10 received


I disagree. I believe it's an improvement, and will add liquidity. A tighter market is always more liquid.

Reply With Quote
 
  #24 (permalink)
Elite Member
Wiltshire, United Kingdom
 
Futures Experience: Beginner
Platform: daytradr
Broker/Data: Working on a TST combine
Favorite Futures: ES
 
matthew28's Avatar
 
Posts: 382 since Sep 2013
Thanks: 363 given, 444 received

I don't see that this makes any difference in how it is traded or whether one chooses to trade the 6E or E7. A stop of say 0.2 cents will still have the same monetary value, it will just be a a 40 tick move instead of a twenty tick move. And a 0.5 cent target will be 100 ticks instead of fifty. And the exchange fee is likely to stay the same.
I think the big difference will be on the DOM where assuming end of day volume traded stays the same, the volume traded at each tick will theoretically half. Also the DOM could now move around twice as fast as it did before as price will change at the same pace but the DOM will have to cover twice as many ticks or lines in the same amount of time.
And the order book shows ten levels which used to be 0.1 cents above and below the market but will now only be 0.05 cents. And lastly there will be much more scrolling up and down the DOM required for adjusting stops and targets as they will now be twice as many ticks away from current price.
I will be interested to see what the DOM looks like on Monday.

Reply With Quote
The following 3 users say Thank You to matthew28 for this post:
 
  #25 (permalink)
Elite Member
Wartrace,TN usa
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: 6E
 
Posts: 72 since Nov 2013
Thanks: 45 given, 43 received

Anybody else just going to watch and maybe sim trade only until you get used to it? I have no idea it it is going to behave the same way it did prior to the switch so no live trading for me.

I have already made the change in Ninja trader; eagerly awaiting 5pm so I can see how it looks on the DOM

Reply With Quote
 
  #26 (permalink)
Market Wizard
London UK
 
Futures Experience: Beginner
Platform: CQG
Favorite Futures: Futures
 
xplorer's Avatar
 
Posts: 3,059 since Sep 2015
Thanks: 6,584 given, 4,838 received
Forum Reputation: Legendary


Wartrace View Post
Anybody else just going to watch and maybe sim trade only until you get used to it? I have no idea it it is going to behave the same way it did prior to the switch so no live trading for me.

I have already made the change in Ninja trader; eagerly awaiting 5pm so I can see how it looks on the DOM


Yes. I for one took a bit of a beating during last NFP so probably won't trade EURUSD for a while anyway. I will definitely keep an eye on it though.

Reply With Quote
 
  #27 (permalink)
Rristocrat
zurich
 
Futures Experience: Advanced
Platform: Sierra ahRrrr CQG ...
Favorite Futures: Bund, ES, ...
 
puma's Avatar
 
Posts: 963 since Aug 2010
Thanks: 7,268 given, 1,489 received

man - this is confusing.

my feeling for the numbers is totally off this morning.

---
update1

I think TT f**k up - the new 6E does not work correctly.
This should be their core competence - failed !!!

----
update2

the mkt maker algos seem to be confused as I am - they dont fill the spread.

----


Last edited by puma; January 11th, 2016 at 04:18 AM.
Reply With Quote
 
  #28 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,673 since Nov 2010
Thanks: 777 given, 8,742 received
Forum Reputation: Legendary

and I thought it was just me!

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote
The following user says Thank You to DionysusToast for this post:
 
  #29 (permalink)
Elite Member
Wartrace,TN usa
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: 6E
 
Posts: 72 since Nov 2013
Thanks: 45 given, 43 received


puma View Post
man - this is confusing.

my feeling for the numbers is totally off this morning.

---
update1

I think TT f**k up - the new 6E does not work correctly.
This should be their core competence - failed !!!

----
update2

the mkt maker algos seem to be confused as I am - they dont fill the spread.

----

It is probably going to take a couple of days for me to get back in live. It is not the same 6E I was trading last week.

Reply With Quote
The following user says Thank You to Wartrace for this post:
 
  #30 (permalink)
Elite Member
Wartrace,TN usa
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: 6E
 
Posts: 72 since Nov 2013
Thanks: 45 given, 43 received



DionysusToast View Post
and I thought it was just me!

Jigsaw is working perfectly with the change. I'm glad you have the "least significant digit" option!

Reply With Quote

Reply



futures io > > > > CME reducing tick size of 6E EURUSD futures

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
EURUSD 6E Euro Big Mike Currency Futures 2361 December 8th, 2016 09:04 AM
Good tick chart size for trading the 6e? TennisOrDie Currency Futures 1 April 12th, 2015 04:16 PM
Historical Tick data for 6E Euro EURUSD Leno The Elite Circle 8 July 19th, 2012 07:47 AM
6E (EURUSD) trading alex123 Elite Trading Journals 35 September 17th, 2011 09:15 PM
Big discrepancy 6E/@EU# vs. EURUSD spot Laurus12 Currency Futures 7 June 9th, 2011 09:12 PM


All times are GMT -4. The time now is 05:11 PM.

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 2017-12-17 in 0.14 seconds with 19 queries on phoenix via your IP 54.163.210.170