Calculating the P&L for the 6A, 6C, 6J, 6E, etc.

[Overnight]

You might be coming fro forex markets. FYI some CME currency features contracts have ticks that would be equivalent of 0.5pip while others tick more like "full" pips. Make sure you don't confuse the two. For example: making 31pips in Eur/Usd would be equivalent to 62 ticks in 6E. However the value of the underlying contract 6E is 125,000 Euro (not $), as opposed to 100,000 for Eur/Usd. Hence the Eur/Usd pip value ($10) does not equal 2 ticks in 6E ($12.50).

Equivalencies shouldn't matter. See the above

https://www.elitetrader.com/et/thre...-for-the-6a-6c-6j-6e-etc.309432/#post-4455805

 

[punisher]

Equivalencies shouldn't matter. See the above

They might not matter to you if you have never traded forex, they might for OP. From his opening post it was clear he used to trade forex and I thought my posts might be a friendly reminder on the similarities/differences that could ease his transition. This is especially true since some currency features have half the tick size that they used to while others don't.

I've seen the previous posts but it doesn't address what I referred to, which is a difference in contract size and more importantly discrepancy between pips and ticks on forex vs futures. Simply stating tick $ value is not enough. Again, info not useful to you, but probably helpful to someone moving from fx world.

 

[Overnight]

They might not matter to you if you have never traded forex, they might for OP. From his opening post it was clear he used to trade forex and I thought my posts might be a friendly reminder on the similarities/differences that could ease his transition. This is especially true since some currency features have half the tick size that they used to while others don't...

The OP is on about futures, not FX. I think of them as two completely separate beasts. I reckon' you do have valid points. But it seems that comparing the two could lead some folks to more confusion rather than clarity.

 

[punisher]

In fact they are not separate beasts, they pretty much trade the same since they are arbed pretty well. Forex through a reputable broker is just as solid as trading currency futures, if not better, but that's not the point here.

Again, I was merely trying to ease OP's transition into currency futures from forex, not create the confusion. I think it is confusing to have some currency futures tick in 0.00005 and some in 0.0001.