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6E with 4 or 5 digits after the comma
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6E with 4 or 5 digits after the comma

  #11 (permalink)
Market Wizard
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dom64 View Post
Thanks. Rather confusing when you've been trading that instrument for years. All the "rules of thumb" I had, all the appreciation of Limits vs Markets, sizes etc own the drain really. Brilliant. Not.

Indeed. In a way it makes it similar to Cable which I've come to dislike. It'll be interesting to see how it reacts to next Non-Farm Payrolls.

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  #12 (permalink)
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tulanch View Post
and has anyone else noticed the volume has considerably dropped off....

Well it is a little better than the Christmas holiday week. About 164,000 on Monday and 163,000 on Tuesday. I am staying away this week.

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  #13 (permalink)
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xplorer View Post
Indeed. In a way it makes it similar to Cable which I've come to dislike. It'll be interesting to see how it reacts to next Non-Farm Payrolls.

It's fairly workable having said that. You can see a lot more of algos at work, that's fairly obvious, but other than the fact that Limits' sizes references are now off, it still is tradeable!

A little off-topic, but I can see a number of people from the UK, and it would be great to have more local connections (I am actually UK based as my profile doesn not suggest at all!) :-)

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  #14 (permalink)
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dom64 View Post
It's fairly workable having said that. You can see a lot more of algos at work, that's fairly obvious, but other than the fact that Limits' sizes references are now off, it still is tradeable!

A little off-topic, but I can see a number of people from the UK, and it would be great to have more local connections (I am actually UK based as my profile doesn not suggest at all!) :-)

Happy to meet up.

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  #15 (permalink)
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Omer עומר / Israel י
 
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Trading a couple days the new 6E

Do you double the ticks in target and stop loss or not ?

Would love to read opinions of others.

I experience that my old target/stops in ticks are too tight
and my trailing stops in the robots cause problems too..

Any thoughts ?

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  #16 (permalink)
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rleplae View Post
Trading a couple days the new 6E

Do you double the ticks in target and stop loss or not ?

Would love to read opinions of others.

I experience that my old target/stops in ticks are too tight
and my trailing stops in the robots cause problems too..

Any thoughts ?

Don't trade 6E but the new tick size I would have thought needs an automatic doubling in the ATM's, a bit like when we switch between FDAX (0.5 tick) and FDXM (1 point == 1 tick) only the other way around.

Travel Well
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  #17 (permalink)
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Omer עומר / Israel י
 
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ratfink View Post
Don't trade 6E but the new tick size I would have thought needs an automatic doubling in the ATM's, a bit like when we switch between FDAX (0.5 tick) and FDXM (1 point == 1 tick) only the other way around.

yes... starting to learn it

algo updated

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  #18 (permalink)
Market Wizard
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rleplae View Post
Trading a couple days the new 6E

Do you double the ticks in target and stop loss or not ?

Would love to read opinions of others.

I experience that my old target/stops in ticks are too tight
and my trailing stops in the robots cause problems too..

Any thoughts ?

In theory yes it should be simply a matter of doubling targets and stop loss when looking at it from a tick perspective, because the tick 'distance' has halved.

However I'm not sure it is so straightforward. It may be that a whole new batch of traders are now attracted to this product because of the higher granularity. And/or a whole batch of traders (perhaps big ones too) that were trading it are no longer interested. I remember Paul Rotter stopped trading the Schatz when they halved the tick size.

So, sometimes changing the tick size can affect the whole market dynamics.

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  #19 (permalink)
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xplorer View Post
In theory yes it should be simply a matter of doubling targets and stop loss when looking at it from a tick perspective, because the tick 'distance' has halved.

However I'm not sure it is so straightforward. It may be that a whole new batch of traders are now attracted to this product because of the higher granularity. And/or a whole batch of traders (perhaps big ones too) that were trading it are no longer interested. I remember Paul Rotter stopped trading the Schatz when they halved the tick size.

So, sometimes changing the tick size can affect the whole market dynamics.

The volume does not seem to be affected too much so far

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  #20 (permalink)
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rleplae View Post
The volume does not seem to be affected too much so far

Fair enough. Honestly I haven't kept an eye on the volume on this product.

But I'd be interested for views as to what I posted about the theory of it makes sense, regardless as to what's happening in practice.

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