Dollar Index Futures Contract Specifications; tick value, margin requirements, round term commissions

Symbol: DX (ICE)
Tick Value: .01
Cost/Tick: $5.00 usd
Margin: $500 usd/contract

Benefits: excellent correlation for determining market sentiment
Drawbacks: very low volume, not trading this market

Favorite Pattern: Euro Correlation
Favorite Timeframes: 13-Range for Day Trading, 21 & 34-Range for Swing Trading

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.

Click here for Dollar Index Futures Contract Specifications on the Exchange Website