Traders Laboratory - View Single Post - Silly question to ES traders
View Single Post
  #8 (permalink)  
Old 11-28-2007, 04:10 AM
BlowFish's Avatar
BlowFish BlowFish is offline
BlowFish is in da house

Trader Specs
 
Join Date: Mar 2007
Location: Europe Mostly
Posts: 763
Thanks: 23
Thanked 103 Times in 74 Posts
Re: Silly question to ES traders

It has less granularity than the contracts you mention, they need to tick 2.5 times for each of its ticks. It is also much thicker as other have mentioned. A few years ago it all but 'died' range and volatility wise. Now its nice.

Yesterday afternoon it dropped 7+ points in a couple of minutes running stops. Shortly after that it advanced double. YM dropped a little under 70. Slightly contrary to what others are saying it is displaying similar characteristics as the ER2 of old and the YM (despite it's 'thickness' ). In a nutshell volatility. 5 minute bars that are 5+ points or 70k contracts are not uncommon. Sometimes those overlap a lot (yesterday) i.e. back and fill, sometimes not (day before). I would say it has more in common with other index futures than differences.

Come on over there is plenty for everyone

Reply With Quote