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Comfused about rollover
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Comfused about rollover

  #1 (permalink)
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Comfused about rollover

Hello traders,

I'm still a little new to the emini world and I've a little confused today when my charts rolled over to the december contract, another words the NQU5 became NQZ5 but something I don't understand is the charts look different. For example I was using the 110 tick chart (not volume) on the NQU5 and my average candle size was about 12-16 ticks and now with the NQZ5 one candle is between 12 and 20 points and it takes about 45 minutes for a candle to form whereas before it took not even a minute, what's going on with this?

Ed

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  #3 (permalink)
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They are still two different contracts, just the old one has more volume.

The rollover doesn't happen straight away.

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PeakGrowth View Post
They are still two different contracts, just the old one has more volume.

The rollover doesn't happen straight away.

So is it safe to trade the old one until it expires?

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idude View Post
So is it safe to trade the old one until it expires?

No, because the volume will move from Sept to Dec. Watch them both, and you can switch when the volume and open interest becomes greater in Dec.

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kevinkdog View Post
No, because the volume will move from Sept to Dec. Watch them both, and you can switch when the volume and open interest becomes greater in Dec.

Right. If you watch it during the day, you'll probably see it begin to shift this afternoon.

Very likely the Dec. contract will have the volume by tomorrow. A lot of people just wait until the day after rollover to make the change.

Happens 4 times a year.

Bob.

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rollover time let the confusion, why Gom indi stop working begin.

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bobwest View Post
Right. If you watch it during the day, you'll probably see it begin to shift this afternoon.

Very likely the Dec. contract will have the volume by tomorrow. A lot of people just wait until the day after rollover to make the change.

Happens 4 times a year.

Bob.

I've got the 15M charts open for both and right now the september contract still has 6 times more volume than the december contract! So basically if volume on the september contract still continues higher than december's we just keep trading september's even if it lasts all the way up to september 18th.

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bobwest View Post
Right. If you watch it during the day, you'll probably see it begin to shift this afternoon.

Very likely the Dec. contract will have the volume by tomorrow. A lot of people just wait until the day after rollover to make the change.

Happens 4 times a year.

Bob.

http://www.cmegroup.com/trading/equity-index/rolldates.html

I usually roll the day after. So this week I will set my charts to Dec Sunday evening. I used to watch volume shift, but now I don't care.

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idude View Post
I've got the 15M charts open for both and right now the september contract still has 6 times more volume than the december contract! So basically if volume on the september contract still continues higher than december's we just keep trading september's even if it lasts all the way up to september 18th.


tturner86 View Post
http://www.cmegroup.com/trading/equity-index/rolldates.html

I usually roll the day after. So this week I will set my charts to Dec Sunday evening. I used to watch volume shift, but now I don't care.

It's not all that critical. I will roll tomorrow, probably. You aren't likely to see higher volume in the Sept today.

It will shift, however. You are not going to see decent volume in the Sept next week. Each day will get lighter and lighter.

As of 12:55 PM EDT (or so), Dec is still less than half of Sept for the day:

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Don't sweat it, change over tomorrow. But if you watch it, you will see how it goes, so next time it will old hat for you.

Bob.

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