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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