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Old 02-22-2007, 12:48 PM
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Re: YM Contract Symbols

Here's what I do:

TS is always set to @YM

My T4 (order entry software, not to be confused with TS) will also automatically roll once the contract is no longer being traded. Sometimes, my T4 still shows an 'old' contract simply b/c it is not expired yet, but you'll be able to tell real quick if your TS chart does not match your DOM.

Keep in mind that when you go to the new contract, very rarely are the prices identical to the old contract. In other words, if you set TS to roll with the @ sign, and you forget to move your DOM, when you go to place a trade on the DOM, the price level showing on your current chart will probably not be the current price on your DOM. As soon as that happens, a trigger in your head needs to go off. It should not make sense. That should tell you that your DOM may need to be bumped ahead a contract.

For example, right now my @YM chart is at 12,694. Now, if you go ahead on the YM chart to YMM07, the current price is 12,795. So, if I was by mistake trying to place a trade on the wrong DOM, something doesn't add up - why is the DOM off by 100 points? Well, it's the wrong DOM.

I don't trade on TS, so I'm not sure how their order entry software works.

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