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what does the points means? where can i use it? well, it is very catchy for me. but i don't know if it is useful. I am sorry for not knowing it. but iwill be thanking for the people who will be able to answer it. thaks
Can you help answer these questions from other members on NexusFi?
A point usually refers to the smallest possible price change on the left side of the decimal point. The following would be 3 point changes:
ES moves from 1326.00 to 1329.00
CL moves from 100.49 to 103.49
FDAX moves from 7170.0 to 7173.0
Ticks and Points
A tick is the smallest possible price change for a market. This means that points are equal to or larger than ticks. For YM a 4 tick move is identical with a 4 point move, as YM trades in whole points.
This doesn't really make sense. Not everything is expressed and move in dollars. If the FTSE or DAX go up 5 points, how can you say that they want up $5? That would be completely inaccurate.
I'm just curious... I knew Europe uses the comma the way we use a decimal point in the US, but do they call it a decimal point? (Or were you translating for a US audience)
This is an eternal battle. As Big Mike's Forum is a predominantly US site, I try to use the American notation, but sometimes I fall back to my natural habits. As far as I know, Britain uses a decimal point as well, so there is no other word for this in English.
The real problem is that Napoleon never conquered Britain, so all the goodies that the French had developed such as the civil code or the metric system, never reached the UK or the US. So the US still uses archaic measures, such as feet, yards, miles, horsepowers, barrels, gallons, British thermal units, bushels, short tons, pounds, ounces, hundredweights. Did you ever read through the contract specifications of futures contracts?
Einstein probably would never have made it to relativity, if he had to use those measures. It is an absolute pain and the mathematical equivalent of a fully equipped chamber of horror.
Compared to all this junk the debate on points or commas is relatively harmless. Sometimes I get confused, as I have to use points, when editing indicator code, but commas when using the indicator dialogue box of NinjaTrader.
Guess my source is only what I think I know. And that aint much! I've never traded bonds or eurex and it's quite possible I'm looking at it all wrong. But without further research on my part, from what TS shows me. I'd have the opionion that US 30 yr (US) bonds trade in 1/32nds for a min move (approx .0313). so if it went from 119 6/32, which is what I show it last at, to 120 6/32 first thing Mon. I'd consider that a full dollar/point. 32 32nds times a 31.25 min$ move (tk value) = $1000 big point. Big Point, Point, all same thing to me. Guess it's just the way I look at things to make it easier for myself. If I'm wrong in the way I'm looking at things, Please Correct Me!