[TheDude]

Hi Folks,

Thinking of a soybean spread. I don't understand how the contracts tick though. The contract spec (http://www.cmegroup.com/trading/agri...fications.html) says it moves in qtr tics (per cent) at $12.50 a tic - like ES I assume x.25, x.50, x.75, x.00.

Looking at quotes however, it seems to tic in 2 cent increments up to 6, so it trades 1.0, 1.2, 1.4, 1.6, 2.0 etc

Any answers/suggestions? Its getting late where I am so Im probably just tiered & missing the obvious.

Thanks for any help.....

Dude

[TheDude]

No one trades Ags? disgusting! Easy money!!!!

Why does everyone want to trade ES (ok I admit I do sometimes), EuroFX etc? The competition is much fiercer and chances of success thus much lower.

[daVinciLite]

This should help. Check "show specifications."

CBOT Soybeans (ZS, ECBOT): Daily Commodity Futures Price Chart: July 2011

Traded ags10 years ago. Corn was a great way to get in the game on the cheap. Know any good spread books?

dVL

[TheDude]

Thanks DV.

The best spreads book imo is by Courtney Smith - Futures Spread Trading. The Joe Ross book is a total waste of time.

Of course, if you know the basics, thats all you need, as the devil is in the fundamentals. A Welcome to Moore Research Center subscription is a MUST if into spreads, correlation studies or any sort of quantative approach. I just wish I had the time to put Howes Limit rule in to practice!!!....

[MightyMouse]

Originally Posted by TheDude »

No one trades Ags? disgusting! Easy money!!!!

Why does everyone want to trade ES (ok I admit I do sometimes), EuroFX etc? The competition is much fiercer and chances of success thus much lower.

The moves are a lot faster in zs. tick size is exactly the same as es, zw, or 6e.

Whether its fiercer or not is all relative.

[tptdemon]

price: 13962 is 13dollars 96cents and one quarter cent

13964 13dollars 96cents and one half cent

13966 13dollars 96cents and three quarters of a cent

1397 13dollars 97cents

moving from 1396 to 1397 = 4ticks = $12.5 *4 = $50

[emg]

Originally Posted by TheDude »

Thanks DV.

The best spreads book imo is by Courtney Smith - Futures Spread Trading. The Joe Ross book is a total waste of time.

Of course, if you know the basics, thats all you need, as the devil is in the fundamentals. A Welcome to Moore Research Center subscription is a MUST if into spreads, correlation studies or any sort of quantative approach. I just wish I had the time to put Howes Limit rule in to practice!!!....

moore research is good for newbies that want to learn about spread trading.

[TheDude]

Originally Posted by tptdemon »

price: 13962 is 13dollars 96cents and one quarter cent

13964 13dollars 96cents and one half cent

13966 13dollars 96cents and three quarters of a cent

1397 13dollars 97cents

moving from 1396 to 1397 = 4ticks = $12.5 *4 = $50

Thanks buddy. Seems odd they go 0-2-4-6 increments rather than .25, .5, .75...

I thought my data feed template needed adjusting or similar. Im not crazy after all!