JPYUSD futures

S

siki13

I am just checking JPYUSD futures
and it seams that trading range is bigger in spot forex.
For example 211 pip range on tuesday
was 178 pip in futures and also if you have stop loss above wednesday high
it would hold in spot forex but in futures you would be stopped out 15 minutes ago.
Very strange because in gbpusd futures i didn't have those problems .
 
Quote from Marsupilami:

In spot forex, you trade USD/JPY, whereas the CME offers JPY/USD futures - this answers your question :)
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Price action should still be the same, just reverse.
Well anyway i give up on futures , i am not giving 15-20% of profits just to trade more regulated market.
 
Quote from siki13:

Price action should still be the same, just reverse.
Well anyway i give up on futures , i am not giving 15-20% of profits just to trade more regulated market.
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Well, in futures, every tick cost the same regardless up or down. In spot, it is not.
 
Did you check whether the low in the spot forex happened in the hours which globex was shut down? Globex only trades 23 hrs wheareas the spot trades around the clock
 
Quote from thecalip:

Well, in futures, every tick cost the same regardless up or down. In spot, it is not.
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That is not helping me if i earn 20 ticks less and i don't even see why is this important .
 
Quote from siki13:

That is not helping me if i earn 20 ticks less and i don't even see why is this important .
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I take it you have not traded FX futures before. What thecalip meant was the JPY futures are always $12.50 per tick. The tick value of USD/JPY fluctuates based upon the exchange rate, right now with the pair at 120, one tick equals $8.20.

That's the reason why you're seeing fewer ticks in the futures vs spot. The tick value is different.

http://www.cme.com/clearing/clr/spec/contract_specifications_cl.html?product=JY
 
Quote from Trader KGB:

I take it you have not traded FX futures before. What thecalip meant was the JPY futures are always $12.50 per tick. The tick value of USD/JPY fluctuates based upon the exchange rate, right now with the pair at 120, one tick equals $8.20.

That's the reason why you're seeing fewer ticks in the futures vs spot. The tick value is different.

http://www.cme.com/clearing/clr/spec/contract_specifications_cl.html?product=JY
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Why is then GBPUSD futures have trading range same as spot?

For example this is 7/6/07 - 7/11/07 trend :
GBPUSD spot:2.0363-2.0058=305 ticks
GBPUSD futures 2.0343-2.0036=307 ticks

As you see price is different probably for the reason you give but trading range is the same.
 
Is the original question why 1 tick on say 121.87 to 121.88 not equal to .08271 to .08270? If this isn't the question, then dont mind me :)
 
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