ZN Newbie question - Traders Hideout | futures io social day trading
futures io futures trading


ZN Newbie question
Updated: Views / Replies:1,613 / 8
Created: by NMTrader Attachments:1

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

Reply
 
Thread Tools Search this Thread
 

ZN Newbie question

  #1 (permalink)
Elite Member
New Mexico, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP/CQG
Favorite Futures: ES
 
NMTrader's Avatar
 
Posts: 77 since Jun 2009
Thanks: 28 given, 35 received

ZN Newbie question

Can someone please explain and demonstrate how to calculate $ on the ZN? This is the first time I have ever traded an instrument that deals with fractions. I have googled for hrs now and only get the same "spec" info for the zn which so far has only served to confuse me even more. I know 1 tick is equal to $15.625 and that is it. I know it is probably going to be something real simple but please understand I tend to make things harder at times

Regards, NMTrader
Reply With Quote
 
  #2 (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: 46,238 since Jun 2009
Thanks: 29,350 given, 83,218 received

It is listed in 1/64 fractions. Price goes from 000 to 315 (a total of 320) in increments of 5. So:

116'000 <example entry, flat>
116'005 +1 tick
116'010 +2 ticks
116'015 +3 ticks
..
..
116'310 +63 ticks
116'315 +64 ticks
117'000 +65 ticks

Hopefully I got the math right there lol

What makes things more interesting is Ninja does the conversion for charting and DOM, but all the indicators and such paint in decimals so if you have Price Markers turned on or use NinjaScript strategies then it can be "fun".

Mike

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.
6)
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
The following user says Thank You to Big Mike for this post:
 
  #3 (permalink)
Elite Member
Florida
 
Futures Experience: Intermediate
Platform: NT7
Favorite Futures: CL, NQ, NG
 
Posts: 456 since Jun 2009
Thanks: 1,359 given, 383 received



NMTrader View Post
Can someone please explain and demonstrate how to calculate $ on the ZN? This is the first time I have ever traded an instrument that deals with fractions. I have googled for hrs now and only get the same "spec" info for the zn which so far has only served to confuse me even more. I know 1 tick is equal to $15.625 and that is it. I know it is probably going to be something real simple but please understand I tend to make things harder at times

Hi NM Trader,

I have the same problem... I've written a couple small scripts to try and identify the current price in decimals, the most recent price move in a swing, or anything that can help me get a grip on the type of moves that ZN makes.
These scripts aren't fully developed since the decimals aren't worked out and I'd rather see how much the current move is producing since the last swinghigh or swinglow.

anyway, if you modify this in someway to further your understanding, I hope it helps.
Kirk

Attached Files
Register to download File Type: zip ZN_Dollar_Difference.zip (8.4 KB, 14 views)
Reply With Quote
 
  #4 (permalink)
Elite Member
New Mexico, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP/CQG
Favorite Futures: ES
 
NMTrader's Avatar
 
Posts: 77 since Jun 2009
Thanks: 28 given, 35 received

Thanks BM and Zeller4. This has opened up yet another world (or is it another can of worms). It will take a some getting used to but in time.

Zeller4, I'll play around with the indicator and let you know if I have any suggestions or questions.

Regards, NMTrader
Reply With Quote
 
  #5 (permalink)
Elite Member
MIAMI,FL
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Private
Favorite Futures: Zn,6E,6J
 
sharky's Avatar
 
Posts: 1,060 since Jun 2009
Thanks: 624 given, 3,875 received

most of my friends calculate it on a spread sheet...sharky

Reply With Quote
 
  #6 (permalink)
Elite Member
Florida
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Ausy Mick's Avatar
 
Posts: 69 since Jun 2009
Thanks: 45 given, 62 received

Something that I do, is to keep the gridlines active on my chart. In chart properties I have my gridline interval set to 4. This way I know that 1 tick = $15.625 and that 4 ticks = $62.5. (I kinda think in "ES" terms )

Also Sharky's spreadsheet idea works very good.

Good trading - Mick

Reply With Quote
 
  #7 (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: 46,238 since Jun 2009
Thanks: 29,350 given, 83,218 received


Ausy Mick View Post
Something that I do, is to keep the gridlines active on my chart. In chart properties I have my gridline interval set to 4. This way I know that 1 tick = $15.625 and that 4 ticks = $62.5. (I kinda think in "ES" terms )

Also Sharky's spreadsheet idea works very good.

Good trading - Mick

I also apply "points" to the ZN in the same way I used to apply them to the ES, 4 ticks = 1 point. I've traded ES too long to not apply "points" to the other stuff

Mike

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.
6)
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
The following user says Thank You to Big Mike for this post:
 
  #8 (permalink)
Elite Member
New Mexico, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP/CQG
Favorite Futures: ES
 
NMTrader's Avatar
 
Posts: 77 since Jun 2009
Thanks: 28 given, 35 received

Good suggestion Mike. I'll try that!

Regards, NMTrader
Reply With Quote
 
  #9 (permalink)
Elite Member
Scarborough, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader, MetaTrader
Broker/Data: Mirus/Zenfire
Favorite Futures: CL, EURUSD, 6E
 
LordAlfa's Avatar
 
Posts: 88 since Jul 2009
Thanks: 7 given, 45 received

Just use the ticks. Nothing else matters as long as it is +.

Reply With Quote

Reply



futures io > > > ZN Newbie question

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Why ZN? tradingonvolume Bonds and Interest Rates Trading 7 April 26th, 2015 10:16 AM
Newbie Question about Autotrading (NT7) NJAMC The Elite Circle 3 April 6th, 2011 03:52 PM
newbie stupid question!!!! bugsbunny NinjaTrader Programming 29 February 10th, 2011 10:19 AM
Another CrossBelow/Above question from newbie Al2010 NinjaTrader Programming 3 December 4th, 2010 08:15 PM
Newbie Question about Forex jra_020883 Beginners and Introductions 5 March 8th, 2010 07:05 PM


All times are GMT -4. The time now is 12:45 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
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 2017-12-11 in 0.12 seconds with 20 queries on phoenix via your IP 107.20.115.174