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Please confirm the following tick moves/counts and the associated gain/loss
ES contract
from 1426.25 to 1436.25 is 40 ticks = 40*12.5=$500.00 gain/loss
ZN contract
from 132'240 to 133'240 is 32 ticks = 32*15.625=$500 gain/loss
GC contract
from 1731.8 to 1729.8 is 20 ticks = 20*10=$200 gain/loss
6E contract
from 1.2909 to 1.2839 is 70 ticks = 70*10=$700 gain/loss
mt
Can you help answer these questions from other members on NexusFi?
1. Let's see if we can understand the specifications for Gold...
"Price Quotation = U.S. Dollars and Cents per troy ounce" means that an increase of 1.0 of GC price is an increase of $1 of the price of troy ounce
Since, "Minimum Fluctuation = $0.10 per troy ounce", we can conclude that a tick is an increment of 0.1 in GC price 1 tick = 0.1 of GC point
What is its value?
1 tick = $0.10 per troy ounce
A full contract = 100 troy ounces
So 1 tick = $10