Nice Big Thick Tick

[DionysusToast]

All

It has come to my attention that not all ticks are made equal...

Actually, thing is, I once feared the big tick. Now I find myself looking for something bigger but without sacrificing thickness. Still, I don't want a tick that doesn't move up & down much either. I want a wiggly tick.

On the surface, the ES looks like the perfect instrument. $12.50 a tick, very little slippage, it moves a decent amount too. Still - if you were scalping out ticks here & there, the commissions are a little on the hefty side. In fact, if you were scalping out a point at a time, the commissions would be 8% of your target.

Treasuries have bigger ticks $15.625 and $31.25 and commissions are almost half of commissions on the ES. Wonderful BUT the things barely move.

Is there a middle ground here? Something thick with a small commission, a decent $ per tick and that actually moves more than a few ticks an hour?

DT

 

[scose-no-doubt]

You've spent too much time around arabian.

 

[pboyles]

All

It has come to my attention that not all ticks are made equal...

Actually, thing is, I once feared the big tick. Now I find myself looking for something bigger but without sacrificing thickness. Still, I don't want a tick that doesn't move up & down much either. I want a wiggly tick.

On the surface, the ES looks like the perfect instrument. $12.50 a tick, very little slippage, it moves a decent amount too. Still - if you were scalping out ticks here & there, the commissions are a little on the hefty side. In fact, if you were scalping out a point at a time, the commissions would be 8% of your target.

Treasuries have bigger ticks $15.625 and $31.25 and commissions are almost half of commissions on the ES. Wonderful BUT the things barely move.

Is there a middle ground here? Something thick with a small commission, a decent $ per tick and that actually moves more than a few ticks an hour?

DT

Bund and eurostoxx, similar tick size, less commission.

 

[DionysusToast]

Eurostoxx is 4 Euros per r/t on IB with a paltry 8 Euros per tick

Not sure about the Bund - same for FGBL- although both are fairly thick. The Eurostoxx is certainly too thick to play for 8 Euros per tick with a 4 Euro target - for me anyway.

 

[pboyles]

Eurostoxx is 4 Euros per r/t on IB with a paltry 8 Euros per tick

Not sure about the Bund - same for FGBL- although both are fairly thick. The Eurostoxx is certainly too thick to play for 8 Euros per tick with a 4 Euro target - for me anyway.

It's 10 euros a tick and about 2 in commissions if you look around.

 

[Sidekicker]

All

It has come to my attention that not all ticks are made equal...

Actually, thing is, I once feared the big tick. Now I find myself looking for something bigger but without sacrificing thickness. Still, I don't want a tick that doesn't move up & down much either. I want a wiggly tick.

On the surface, the ES looks like the perfect instrument. $12.50 a tick, very little slippage, it moves a decent amount too. Still - if you were scalping out ticks here & there, the commissions are a little on the hefty side. In fact, if you were scalping out a point at a time, the commissions would be 8% of your target.

Treasuries have bigger ticks $15.625 and $31.25 and commissions are almost half of commissions on the ES. Wonderful BUT the things barely move.

Is there a middle ground here? Something thick with a small commission, a decent $ per tick and that actually moves more than a few ticks an hour?

DT

Bund.
Size matters.

 

[DionysusToast]

It's 10 euros a tick and about 2 in commissions if you look around.

:smart::smart:

Duh - I got 8 because to test the comissions & tick size, I placed trades in the markets.

Note to self 10 - 2 = 8.

Still, 10 Euros is about the same as the ES in terms of tick size. I guess the treasuries do take some beating in that respect then...

 

[wackypete2]

hat's all such things cost, alright. BUT, there ARE places that 'prey' on, shall we say, 'financially compromised' people. Places like Rent-a-Center. Miss one payment and that 'no interest' thing is out the window.

Do any of your posts make sense??

Peter