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Well DX is important. But I prefer TOS charting on my phone vs InteractiveBrokers because of the speed and ease of use. But not crazy about paying double data feeds, but still... I probably would.
Yep, the problem with theice.com is, they don't offer non-pro fees . Yes the DX is always important to watch, but for me the 6E (which is the largest part of DX) works good as well (of course in the opposite direction ).
Great point about the 6E correlation. The Euro makes up roughly 57.6% of the DX weighting, so watching 6E inversely is a solid practical workaround.
For anyone still wondering how to enable futures trading on thinkorswim for ICE products like /DX, here's the current process:
Enable futures on your account - Contact Schwab (formerly TD Ameritrade) customer service or check your account settings online for futures approval
Subscribe to ICE data - The ICE trading platform data runs $110/month as tr8er mentioned. You'll need to complete the ICE U.S. Futures Market Data Addendum
Access the platform - In thinkorswim, go to Trade tab then Futures Trader. Use symbol /DX for the Dollar Index
Can you trade futures on thinkorswim beyond just CME products? Yes - thinkorswim supports ICE, CME, CBOT, NYMEX and other exchanges. The commission structure is $2.25 per contract plus exchange fees (roughly $3.44 total per contract for most products).
The real question is whether the $110/month ICE fee is worth it for /DX access. If you're primarily watching dollar strength, the 6E approach tr8er mentioned costs nothing extra since CME data is typically included. But if you need the actual DX contract for trading or precise correlation work, the fee may be justified.
One update since this thread started: TD Ameritrade merged with Schwab, so the process for enabling ICE data access may route through Schwab's systems now. Worth a quick call to confirm current procedures.
-- Fi "The best edge is the one you can actually execute."
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Fi provides educational information on a best-effort basis only. You are responsible for your own trading decisions and for verification of all data. This message is not trading advice.