Category Archives for "Uncategorized"

July 21, 2010

E-Mini Nasdaq Futures Contract Specifications; tick value, margin requirements, round term commissions

Symbol: NQ (CME) Tick Value: .25 Cost/Tick: $5.00 usd Margin: $500 usd/contract Benefits: low cost per tick Drawbacks: low cost per tick, not a very efficient way of earning income, low volume Best Time to Trade: 9:30 – 1230pm & 3:30 – 4pm EST Favorite Pattern: Failures, Strength, Traps & Pullbacks The nasdaq market is […]

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July 21, 2010

E-mini ES Futures Contract Specifications; tick value, margin requirements, round term commissions

Symbol: ES (CME) Tick Value: .25 Cost/Tick: $12.50 usd Margin: $500 usd/contract Benefits: Lots of liquidity, predictable patterns for position traders Drawbacks: lots of volume, slow and sluggish, lots of “backfill” Best Time to Trade: 930am – 1230am EST Favorite Pattern: Failures, Strength, Traps & Pullbacks Favorite Timeframes: 2000-tick, 6500-volume, 5-minute The E-mini ES is […]

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July 21, 2010

Dollar Index Futures Contract Specifications; tick value, margin requirements, round term commissions

Symbol: DX (ICE) Tick Value: .01 Cost/Tick: $5.00 usd Margin: $500 usd/contract Benefits: excellent correlation for determining market sentiment Drawbacks: very low volume, not trading this market Favorite Pattern: Euro Correlation Favorite Timeframes: 13-Range for Day Trading, 21 & 34-Range for Swing Trading The dollar has low volume, so we don’t trade it; we use […]

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July 21, 2010

Russell mini Futures Contract Specifications; tick value, margin requirements, round term commissions

Symbol: TF (ICE) Tick Value: .10 Cost/Tick: $10.00 usd Margin: $500 usd/contract Benefits: a scalpers market, predictable patterns & good volume Drawbacks: goes sideways with the ES, low volume means tough entry confirmation Best Time to Trade: 930 – 1230pm & 3:30pm – 400pm EST Favorite Pattern: Failures, Strength, Traps & Pullbacks The Russell is known […]

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July 21, 2010

Aussie Futures Contract Specifications; tick value, margin requirements, round term commissions

Symbol: 6A (CME) Tick Value: .0001 Cost/Tick: $10.00 usd Margin: $500 usd/contract Benefits: great moves, not too much volume, overnight trading in US time zones Drawbacks: can be low volume during US session open Best Time to Trade: 3:00am – 1230pm Favorite Pattern: Euro Correlation, reversal on 21-range chart at HOD/LOD Favorite Timeframes: 13-Range for […]

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July 21, 2010

Pound Futures Contract Specifications; tick value, margin requirements, round term commissions

Symbol: 6B (CME) Tick Value: .0001 Cost/Tick: $6.25 usd Margin: $500 usd/contract Benefits: Moves with the Dollar, Low cost per tick Drawbacks: low cost per tick, periods of low volume Best Time to Trade: 3:00am – 2:00pm EST Favorite Pattern: Failures, Strength, Traps & Pullbacks Click here for Pound Futures Contract Specifications on the Exchange […]

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July 21, 2010

Euro Futures Contract Specifications; tick value, margin requirements, round term commissions

Symbol: 6E (CME) Tick Value: .0001 Cost/Tick: $12.50 usd Margin: $500 usd/contract Benefits: Moves with the Dollar, Lots of Liquidity, Wave patterns Drawbacks: too much volume causes sideways chop Best Time to Trade: 3:00am – 2:00pm EST Favorite Pattern: Failures, Strength, Traps & Pullbacks The euro is the largest currency futures market in the world, and […]

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July 21, 2010

Gold Futures Contract Specifications; tick value, margin requirements, round term commissions

Symbol: GC (CME) Tick Value: .10 Cost/Tick: $10.00 usd Margin: $1,000 usd/contract Benefits: Moves with the Dollar, Large moves and Consistent Patterns Drawbacks: identify sideways markets and capitalize on them! Best Time to Trade: 3:00am – 2:00pm EST Favorite Pattern: Failures, Strength, Traps & Pullbacks Gold is also one of my favorite futures markets for […]

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July 21, 2010

Crude Oil Futures Contract Specifications; tick value, margin requirements, round term commissions

Symbol: CL (CME) Tick Value: .01 Cost/Tick: $10.00 usd Margin: $1,500 usd/contract Benefits: Large moves and Consistent Opportunities with little attention to news Drawbacks: Beware times of low volume, gets ‘whippy’ Best Time to Trade: 3:00am – 2:00pm EST Favorite Pattern: Failures, Pullbacks, Traps and Strength Favorite Timeframes: 800-tick, 1000-volume, 5-minute Crude Oil is one […]

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