CME 6E & 6B spreads - Currency Futures | futures io social day trading
futures io futures trading

CME 6E & 6B spreads
Updated: Views / Replies:8,850 / 13
Created: by Chewy71 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

Thread Tools Search this Thread

CME 6E & 6B spreads

  #11 (permalink)
Elite Member
United Kingdom
Futures Experience: Intermediate
Platform: Sierra
Favorite Futures: YM,NQ
Chewy71's Avatar
Posts: 12 since Feb 2011
Thanks: 10 given, 3 received

OK, here is my latest understanding. The charts for Futures show us the last traded price unlike spot which usually shows the bid price constantly. There's always a bid and ask price on futures, usually 1 tick for 6E (I checked Dorman and they have 1 tick as well, see a couple of posts above).

So my conclusion at the moment is that the chart is showing where buyers & sellers are being matched giving the impression there is no spread.

Reply With Quote
  #12 (permalink)
Trading Apprentice
Futures Experience: Master
Platform: Metatrader,ODIN
Favorite Futures: Forex & Commodity
Posts: 1 since Nov 2010
Thanks: 0 given, 0 received

Which Broker has the 6E,6B contracts?. kindly let me know

Reply With Quote
  #13 (permalink)
Site Administrator
Manta, Ecuador
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
Big Mike's Avatar
Posts: 46,336 since Jun 2009
Thanks: 29,451 given, 83,946 received

sureshhacker View Post
Which Broker has the 6E,6B contracts?. kindly let me know

All futures brokers.


Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
  #14 (permalink)
Elite Member
Mumbai, India
Futures Experience: Advanced
Platform: ChartNexus
Favorite Futures: Stocks, Commodities, Futures
iqgod's Avatar
Posts: 1,665 since Feb 2012
Thanks: 3,346 given, 2,742 received

Chewy71 View Post
I cannot see how trading off a chart would make any difference to the bid/ask? Generally the Bid price is displayed on the chart and the ask line is hidden.

For example if i was to enter a market order long on Euro at say 1.3500 as displayed on my chart it would put me in at 1.3501 due to my spread being 1 tick. Now to come out the trade breakeven i would need to close at 1.3502 allowing 1 tick to cover commission. So in this example we have 1 tick of spread and approx 1 tick of commission to cover for BE trade.

As a spot forex trader on EU a variable spread of 0.4 to 1.2 pips plus 1 pip commission so my round trip to BE would be between 1.4 - 2.2 pips

So is a zero spread or "locked market" normal for futures? Can you get in and out the market for less than spot? In addition one thing i didn't take into account was data feed fees and charting costs. Spot FX is generally free in this regard. i.e. why trade futures over spot?

Since the trading of a futures contract like 6E / 6B is on an exchange as opposed to the spot FX market, the standard chart plots the 'traded' price instead of the ask line or the bid line, which are not points on the chart.

A zero spread happens momentarily but I guess given the liquidity during non-news events the arb folks jump in and ask/bid goes back to a spread situation.

Why trade futures over spot?

Because then you are trading on a 'real' exchange and not for e.g. against your broker/dealer or are not at the mercy of artifically widening spreads etc. The difference (positive) is enormous.

Last edited by iqgod; March 18th, 2013 at 06:13 AM.
Reply With Quote


futures io > > > > CME 6E & 6B spreads

Thread Tools Search this Thread
Search this Thread:

Advanced Search

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

Wyckoff Hunting for Great Risk/Reward Ratio w/Gary Fullett

Elite only

Digging into the Details of iSystems w/Stage 5 & iSystems

Jun 5

Similar Threads
Thread Thread Starter Forum Replies Last Post
Correct Session Template for 6B in NT7 skyfly NinjaTrader 6 May 24th, 2011 03:20 PM
CME direct connections & clearing Scalpguy The Elite Circle 2 January 21st, 2011 01:59 AM
2000-2009 continuous contract minute data for CL, 6E, & ES now available cunparis The Elite Circle 20 December 28th, 2010 12:02 PM
Gulf of Mexico Beaches Quiet as Spill Spreads Quick Summary News and Current Events 0 July 5th, 2010 05:20 AM
Why "6" in 6E, 6B, 6J, etc Big Mike Traders Hideout 3 January 11th, 2010 08:36 AM

All times are GMT -4. The time now is 10:06 AM.

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432,
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 2018-05-25 in 0.11 seconds with 20 queries on phoenix via your IP