Trading the new CME E-Micro's (E micro) MES, MNQ, MYM, M2K and other micros
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Trading the new CME E-Micro's (E micro) MES, MNQ, MYM, M2K and other micros
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Trading the new CME E-Micro's (E micro) MES, MNQ, MYM, M2K and other micros

  #411 (permalink)
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steve2222 View Post
Hi FT71,

I am with you, but I am not signing up to Twitter just to vote - sorry. But show CME this post as I would trade a CL micro.

While you are at it, get the CME to fix up the currency micros so they are properly 1/10th the full contract with the same tick size. If they did this for several of the currency pairs and promoted it fully I am sure they would attract a few of the Forex traders being ripped off with OTC/bucket shop/CFD providers.

I really pushed the M6E when it was released. Did a live trading webinar on it with them to help bring a spotlight to it. I saw it as a better alternative to trading minis. I'm with you on that.

It isn't worth my time to push them more than I have on anything micro. I have never traded Forex and never well. I would consider anything that is not traded on a central exchange which is agnostic to fills, a total rip off. I mean when traders trade Forex, they are trading against their dealer's book and they can see everything. Like playing poker while my opponent can see through the table and read my cards.

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  #412 (permalink)
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slofutures View Post
Hello everyone,

for those of you who trade Micros on stock indexes,

how is the execution in terms of slippage?

Thanks!

Tight spread and trades/fills well. No issues.

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  #413 (permalink)
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Silvester17 View Post
I voted no. like mentioned in the past, we already have more than enough derivative products. that will lead sooner or later to major problems.

I'm a strong believer that certain markets are not suitable for everybody. if you're a beginner, start with stocks/etf first. only after you have a good understanding how financial markets work, then you could advance to options. and then maybe you're ready for futures. but certainly not from the beginning.

just imho

Obviously everyone is entitled to their opinion but did I miss it where the CME is marketing micros to those who have never traded anything at all?

Also IMO there is no one size fits all as far as which market when and what progression/pathway to take.

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  #414 (permalink)
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SunTrader View Post
Obviously everyone is entitled to their opinion but did I miss it where the CME is marketing micros to those who have never traded anything at all?


They're also great for FX traders who may be interested in making the move over to a regulated market with a centralized exchange.

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  #415 (permalink)
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Rrrracer View Post
They're also great for FX traders who may be interested in making the move over to a regulated market with a centralized exchange.

I think the MICROS ( minis, currencies) and possibly the "new exchange" that is coming up with smaller products as well can be a great alternative for FOREX traders to finally trade on a centralized exchange

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  #416 (permalink)
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CannonTrading View Post
I think the MICROS ( minis, currencies) and possibly the "new exchange" that is coming up with smaller products as well can be a great alternative for FOREX traders to finally trade on a centralized exchange

Whoops, yeah my bad.

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  #417 (permalink)
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FuturesTrader71 View Post
Hello traders,

Can you help us push the Micro-CL contract on CME/NYMEX by voting in this poll? I started pushing the micro indices back in 2012 and it took too long to get it done. We want to show them that there is demand for micro-energies.

Vote here: https://twitter.com/FuturesTrader71/status/1159824072240455680?s=09

I will be meeting with directors at CME later this week.

Appreciated!

FuturesTrader71

Hi FT71

How did you get on with Mr Duffey at the CME re a micro CL contract?

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  #418 (permalink)
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steve2222 View Post
Hi FT71

How did you get on with Mr Duffey at the CME re a micro CL contract?

Hi Steve,

I'm actually not connected with Terry Duffy. He is the Chairman and CEO of the exchange and probably has much better things to do than to hear me squeak.

I actually am meeting with one of the many directors next Wednesday and will start the process of finding out who the key people are who can influence the approval and create of the Micro-CL. I'm guessing I would end up talking with someone at NYMEX which is not here in Chicago, but will do my best to get things going.

Cheers!

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  #419 (permalink)
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For all the micros, how is liquidity and/or slippage/spread during the night session? Is it more liquid than the mini?

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  #420 (permalink)
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futures5959 View Post
For all the micros, how is liquidity and/or slippage/spread during the night session? Is it more liquid than the mini?

I believe the liquidity in MES is excellent. Just keep size at or below 2 to start out and slippage is not likely to be a factor except if a news event takes place. The spread is tight and runs in line with ES. The other products are a bit thinner, but still manageable if you accept the added risk of not getting filled well on a big move. These are just my opinions. I check CTBookmap in the morning and it looks ok on calm nights.

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Last edited by FuturesTrader71; September 3rd, 2019 at 12:52 PM.
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