ES points & Dollars?

[ROCK SOLID]

Quote from macal425:



ROCK SOLID, yesterday you had problems with Esignal, and myself and Tech Analysis took some time to help you out. Today, someone else is asking for help and all you can do is insult them. Showing your true colors.

PS. Sorry for taking this thread off topic but I thought others should be aware, should they decide to help him in the future. I won't respond anymore to Rock on this thread.

i thanked you and TA for the eSignal help.

as for lindq, i was kidding. how would i know if he's really a newb? and even if he was, of course that's ok.

ROCK

 

[ArchAngel]

You can get the complete contract specifications for any contract by checking the Products section of the website for the exchange that the contract trades on - in the case of the ES www.cme.com

It'll tell you things like tick size, contract size, how much a point is worth, etc.

 

[Pabst]

Quote from jem:

but if you talk to old timer floor guys they refer to a move in the big contract from say 985 to 986 as a 1000 (maybe they call it a hundred but the fact is they break the move down into much smaller increments) point move. When I first traded the big contracts (attempted as there were not minis and was $500 a point) I never knew which convention to use because people were in different camps because of the increased range.


Which I guess is what lindq was asking about. But I think the current convention is to call that 985-986 move as one point unless you are on the floor.

To diffrentiate guys will say "full point".

 

[jem]

ahh

 

[plumlazy]

I always thought that the big contract was $250 a point.
Regardless, the minis spread is usually 1 tick = $12.50, but sometimes it can go - tiiiiiiiiiiiiiiiiiiiiiiiick - Real Fast.