Tuesday, July 20, 2010
Dollar Index Futures Contract Specifications; tick value, margin requirements, round term commissions
Symbol: DX (ICE)
Tick Value: .01 (80.68)
Cost/Tick: $5.00 usd
Margin: $500 usd/contract
Benefits: excellent correlation for determining market sentiment
Drawbacks: very low volume, not trading this market
Best Time to Trade: 3:00am – 1230pm
Favorite Pattern: Euro Correlation
Favorite Timeframes: 13-Range for Day Trading, 21 & 34-Range for Swing Trading
Dollar Index futures make us money every day without ever giving us a trade.
The dollar has low volume, so we don’t trade it; we use its correlation on currency futures such as euro, pound, yen, Aussie, and Canadian dollar.
One of my favorite ways to use the dollar index futures is with the DX-Pattern. This takes advantage of the negative correlation between these markets looking for price reversals at the highs and lows of the daily, weekly and monthly trading ranges.
You will have plenty of time to witness plenty of DX-patterns setting up in the live trade room, so come join us, and bring your questions!
Contact our support team for futures brokers
Click here for Dollar Index Futures Contract Specifications on the Exchange Website
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Posted by
Joseph James
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