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Question regarding the YM.....
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Question regarding the YM.....

  #1 (permalink)
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Question regarding the YM.....

I need some confirmation on whether or not I'm calculating the profit / loss on the YM please. Example... it showed a move from 15510 to 15680 on my YM chart the other day. Now I know that each tick is worth $5 on the YM. So given that example, would that equate to a 170 tick move ? And if so, then that would mean you could have ( in theory ) made $850 ( 170 ticks x $5 per tick ) ? Thanks so much everyone, I really appreciate it - mike

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  #3 (permalink)
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Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
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mdsvtr View Post
I need some confirmation on whether or not I'm calculating the profit / loss on the YM please. Example... it showed a move from 15510 to 15680 on my YM chart the other day. Now I know that each tick is worth $5 on the YM. So given that example, would that equate to a 170 tick move ? And if so, then that would mean you could have ( in theory ) made $850 ( 170 ticks x $5 per tick ) ? Thanks so much everyone, I really appreciate it - mike

That's correct. The minimum Tick size on the YM is 1.00 index points=$5.00. In contrats to the ES where the minimum Tick size is 0.25 and is worth $12.50.

You can find the info here:
YM
http://www.cmegroup.com/trading/equity-index/us-index/e-mini-dow_contract_specifications.html

ES:
http://www.cmegroup.com/trading/equity-index/us-index/e-mini-sandp500_contract_specifications.html

NQ:
http://www.cmegroup.com/trading/equity-index/us-index/e-mini-nasdaq-100_contract_specifications.html

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  #4 (permalink)
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Thank you for your response trendisyourfriend That helps confirm what I was thinking.

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