Dark Theme
Light Theme
Trading Articles
Article Categories
Article Tools
Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
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 for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Updated January 15, 2016
Top Posters
looks_one
xplorer
with 6 posts (1 thanks)
looks_two
dom64
with 3 posts (1 thanks)
looks_3
rleplae
with 3 posts (2 thanks)
looks_4
bart007
with 2 posts (0 thanks)
Best Posters
looks_one
ratfink
with 1 thanks per post
looks_two
rleplae
with 0.7 thanks per post
looks_3
dom64
with 0.3 thanks per post
looks_4
xplorer
with 0.2 thanks per post
trending_up
4,770 views
thumb_up
5 thanks given
group
6 followers
forum
19 posts
attach_file
0 attachments
January 13th, 2016, 06:27 AM
London UK
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
Posts: 6,013 since Sep 2015
Thanks Given: 15,604
Thanks Received: 15,561
dom64
Thanks. Rather confusing when you've been trading that instrument for years. All the "rules of thumb" I had, all the appreciation of Limits vs Markets, sizes etc own the drain really. Brilliant. Not.
Indeed. In a way it makes it similar to Cable which I've come to dislike. It'll be interesting to see how it reacts to next Non-Farm Payrolls.
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
January 13th, 2016, 06:31 AM
Wartrace,TN usa
Experience: Intermediate
Platform: NinjaTrader
Trading: 6E
Posts: 81 since Nov 2013
Thanks Given: 50
Thanks Received: 55
tulanch
and has anyone else noticed the volume has considerably dropped off....
Well it is a little better than the Christmas holiday week. About 164,000 on Monday and 163,000 on Tuesday. I am staying away this week.
January 13th, 2016, 08:34 AM
London, UK
Experience: Master
Platform: sierra chart, Jigsaw Trading, Bookmap
Trading: 6E futures, Cable
Posts: 93 since Aug 2012
xplorer
Indeed. In a way it makes it similar to Cable which I've come to dislike. It'll be interesting to see how it reacts to next Non-Farm Payrolls.
It's fairly workable having said that. You can see a lot more of algos at work, that's fairly obvious, but other than the fact that Limits' sizes references are now off, it still is tradeable!
A little off-topic, but I can see a number of people from the UK, and it would be great to have more local connections (I am actually UK based as my profile doesn not suggest at all!) :-)
January 13th, 2016, 09:18 AM
London UK
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
Posts: 6,013 since Sep 2015
Thanks Given: 15,604
Thanks Received: 15,561
dom64
It's fairly workable having said that. You can see a lot more of algos at work, that's fairly obvious, but other than the fact that Limits' sizes references are now off, it still is tradeable!
A little off-topic, but I can see a number of people from the UK, and it would be great to have more local connections (I am actually UK based as my profile doesn not suggest at all!) :-)
Happy to meet up.
January 13th, 2016, 02:14 PM
Gits (Hooglede) Belgium
Legendary Market Wizard
Experience: Master
Platform: NinjaTrader, Proprietary,
Broker: Ninjabrokerage/IQfeed + Synthetic datafeed
Trading: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
Posts: 2,997 since Sep 2013
Thanks Given: 2,442
Thanks Received: 5,863
Trading a couple days the new 6E
Do you double the ticks in target and stop loss or not ?
Would love to read opinions of others.
I experience that my old target/stops in ticks are too tight
and my trailing stops in the robots cause problems too..
Any thoughts ?
January 13th, 2016, 02:53 PM
Birmingham UK
Market Wizard
Experience: Intermediate
Platform: NinjaTrader
Broker: TST/Rithmic
Trading: YM/Gold
Posts: 3,550 since Dec 2012
Thanks Given: 17,423
Thanks Received: 8,426
rleplae
Trading a couple days the new 6E
Do you double the ticks in target and stop loss or not ?
Would love to read opinions of others.
I experience that my old target/stops in ticks are too tight
and my trailing stops in the robots cause problems too..
Any thoughts ?
Don't trade 6E but the new tick size I would have thought needs an automatic doubling in the ATM 's, a bit like when we switch between FDAX (0.5 tick) and FDXM (1 point == 1 tick) only the other way around.
January 13th, 2016, 02:58 PM
Gits (Hooglede) Belgium
Legendary Market Wizard
Experience: Master
Platform: NinjaTrader, Proprietary,
Broker: Ninjabrokerage/IQfeed + Synthetic datafeed
Trading: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
Posts: 2,997 since Sep 2013
Thanks Given: 2,442
Thanks Received: 5,863
January 15th, 2016, 09:54 AM
London UK
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
Posts: 6,013 since Sep 2015
Thanks Given: 15,604
Thanks Received: 15,561
rleplae
Trading a couple days the new 6E
Do you double the ticks in target and stop loss or not ?
Would love to read opinions of others.
I experience that my old target/stops in ticks are too tight
and my trailing stops in the robots cause problems too..
Any thoughts ?
In theory yes it should be simply a matter of doubling targets and stop loss when looking at it from a tick perspective , because the tick 'distance' has halved.
However I'm not sure it is so straightforward. It may be that a whole new batch of traders are now attracted to this product because of the higher granularity. And/or a whole batch of traders (perhaps big ones too) that were trading it are no longer interested. I remember Paul Rotter stopped trading the Schatz when they halved the tick size .
So, sometimes changing the tick size can affect the whole market dynamics.
January 15th, 2016, 10:02 AM
Gits (Hooglede) Belgium
Legendary Market Wizard
Experience: Master
Platform: NinjaTrader, Proprietary,
Broker: Ninjabrokerage/IQfeed + Synthetic datafeed
Trading: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
Posts: 2,997 since Sep 2013
Thanks Given: 2,442
Thanks Received: 5,863
xplorer
In theory yes it should be simply a matter of doubling targets and stop loss
when looking at it from a tick perspective , because the tick 'distance' has halved.
However I'm not sure it is so straightforward. It may be that a whole new batch of traders are now attracted to this product because of the higher granularity. And/or a whole batch of traders (perhaps big ones too) that were trading it are no longer interested. I remember Paul Rotter stopped trading the Schatz when they halved the
tick size .
So, sometimes changing the tick size can affect the whole market dynamics.
The volume does not seem to be affected too much so far
January 15th, 2016, 10:39 AM
London UK
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
Posts: 6,013 since Sep 2015
Thanks Given: 15,604
Thanks Received: 15,561
rleplae
The volume does not seem to be affected too much so far
Fair enough. Honestly I haven't kept an eye on the volume on this product.
But I'd be interested for views as to what I posted about the theory of it makes sense, regardless as to what's happening in practice.
Last Updated on January 15, 2016