basic questions about futures - futures io
futures io futures trading



basic questions about futures


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one matthew28 with 1 posts (3 thanks)
    2. looks_two userbseww with 1 posts (1 thanks)
    3. looks_3 Quick Summary with 1 posts (0 thanks)
    4. looks_4 Pa Dax with 1 posts (1 thanks)
    1. trending_up 459 views
    2. thumb_up 5 thanks given
    3. group 2 followers
    1. forum 3 posts
    2. attach_file 3 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

(If you already have an account, login at the top of the page)

 
Search this Thread
 

basic questions about futures

(login for full post details)
  #1 (permalink)
Cincinatti, Ohio
 
 
Posts: 1 since Oct 2018
Thanks: 1 given, 1 received

what do the numbers in the depth book represent? is it true that it's quoted in 00s? so if i see "27" on the ask that actually means there are 2700 contracts being offered, not just 27?
if so, what does it look like if there are less than 100 contracts on a certain price in the depth book?

Reply With Quote
The following user says Thank You to userbseww for this post:

Can you help answer these questions
from other members on futures io?
Multicharts Custom instrument
MultiCharts
Best volume bar/footprint for NT with more settings for imbalance
NinjaTrader
enhancedtradescom
Trading Reviews and Vendors
VWAP Scanner
ThinkOrSwim
Moores Research vs spread software SeasonAlgo
Trading Reviews and Vendors
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Big Mike in Ecuador
146 thanks
How did you learn to trade?
62 thanks
NT8 making rules up as they go along?
42 thanks
Finally Turning the Corner, tha "its 80% Psychology" thing...
39 thanks
2020 profit and loss results
28 thanks
 
(login for full post details)
  #3 (permalink)
Legendary Price Action Scientist
Netherlands
 
Experience: Advanced
Platform: NinjaTrader, IB TWS
Broker: InteractiveBrokers, CQG
Trading: ES
 
Pa Dax's Avatar
 
Posts: 1,003 since Oct 2017
Thanks: 1,383 given, 5,181 received



userbseww View Post
what do the numbers in the depth book represent? is it true that it's quoted in 00s? so if i see "27" on the ask that actually means there are 2700 contracts being offered, not just 27?
if so, what does it look like if there are less than 100 contracts on a certain price in the depth book?

27 is just 27 - no multipliers or whatever.

Sent using the futures.io mobile app

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Pa Dax for this post:
 
(login for full post details)
  #4 (permalink)
Elite_Member
Wiltshire, United Kingdom
 
Experience: Beginner
Platform: Jigsaw daytradr
Trading: US Equity Index Futures
 
matthew28's Avatar
 
Posts: 931 since Sep 2013
Thanks: 2,259 given, 1,649 received


userbseww View Post
what do the numbers in the depth book represent?

As Pa Dax said. What you see is what you get.
Different instruments though trade different amounts of volume, some are 'thick' instruments where a lot of volume trades and the order book is heavy and they have a low range and move slowly. Others are 'thin' instruments and the order book is light and they tend to have a much larger range and move faster. People prefer different products depending on their trading style, risk profile, time available to trade etc.

Below are three example from thick to thin:

Thick: ZN - Ten year treasury note (ZNM8)


Medium: ES - The futures equity index related to the S&P500 stock index (ESZ8)


Thin: NQ - The futures equity index related to the Nasdaq 100stock index (NQZ8)


The orange total figures show the huge variation in the sum of the ten levels shown in the order book. These are Depths of Market (DOMs) from the Jigsaw trading company so in the middle columns they show the volume that traded against the orders sat at each level. You can see that the thick products trade much more volume at each level than the thin products which trade fewer contracts at the levels resulting in price sweeping through levels faster and further.

Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger
Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to matthew28 for this post:


futures io Trading Community Traders Hideout > basic questions about futures


Last Updated on October 27, 2018


Upcoming Webinars and Events
 

Introducing The Small Exchange - 10% sized smart futures

Jan 14
 

Journal Challenge!

February
 

Battlestations!

March
     



Copyright © 2021 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