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The ZN T note contract is $15.62 a tick, yes? So 126'085 to 126'090 = $15.62 ? Just looking at it intraday with a live feed, I like the way it moves. Thanks for any info.
Can you help answer these questions from other members on NexusFi?
Thanks RLEPLAE. I just wanted to double check CME's info translation into the real world application.
Thanks Matthew28.
Dunno why I'd assumed Bond ticks were more. It sorta threw me when I overlaid Fibs and got these odd Price numbers on the Fib lines that didn't correspond to the Price the Global Crosshairs were showing me.
Bonds are a whole new world to me.
It is easy to create an indicator that will calculate a value, for example 125.131216
but that doesn't correspond to a tick value of the ZN instrument.
as that quotes in increments of 1/64
I don't think FIB levels are to be taken to the exact tick neitther...
The ZB, the 30 year Bond are twice the tick value, $31.25. From your original example, going from '08 to '09.
Unlike the ZN going from '080 to '085 to '090 in two ticks of $15.625.
Some platform indicators show the decimal values which can be a nuisance.
bonds are a great day trading contract in my opinion. overlooked by many retail clients. Great size on the bid and ask and offers a different personality than Es, CL and GC.
I trade it daily and will be happy to answer any specific questions you may have.
Trading commodity futures and options involves substantial risk of loss.
The recommendations contained in this letter is of opinion only and does not guarantee any profits.
These are risky markets and only risk capital should be used.
Past performance is not necessarily indicative of future results.
PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
