As I am going to show some trade ideas in real time here in my blog possibly by tomorrow.
Just to point out some things to know about the e-mini (electronic miniatures) futures trading.
These four indexes are the ones that I am going to find and form trading ideas in real time.
Namely, the Dow Jones 30 which as you may know comprises the main leading companies. They are the movers of the market. In the e-minis, the symbol is YM. It moves in the increments of one point, which equals to $5.00 per contract. So if the YM moves by 50 points, that's $250.00 bucks profit for one contract.
For the S&P 500, ES in the e-mini futures. It moves in the increments of 0.25 points. That's equal to $12.50 per contract. Or $50.00 for a full one-point move. So if the ES moves my 5 points, that's $250.00 profit.
For the NQ (Nasdaq), it moves in the increments of 0.50 points which is equals to $10.00 per contract. For a full point move, that's $20.00. So if the NQ moves by 10 points, that's $200.00.
For the TF, Russell 2000. It moves in the increments of 0.10 points, equals to $10.00 per contract. For a full point of move, that's $100.00. If the TF moves by 5 points that's $500.00 bucks.
So these are the five instruments I am going to show in real time if they have a potential to trade.
Going to observe the market's action in real time until such a time I can find and form trading ideas to get involved. That's how in trading is all about, Observe and Trade!
