DislikedYM ( along with other futures including eurostoxx 50 and es(s$p minis) are a beast. YM are the dj emini futures. They trade at $5 per point per contract
In any given day they can move up to 400 points .. yes you read right 400 points , from US market open to close at 4pm EST. Wednesday was a 500 point day. All you need to do is make 50 points in one of the moves and you are set for the day.
Volume is typically about 200, 000 contracts per day , but liquidity never seems to be an issue getting in and out with 5 - 20 contracts. If you want to trade a futures contract with higher volume the ES trades at about 2 million contracts per day.
The beauty of trading futures over forex is that one can use Market Delta to see inside the chart and see the ' real volume' of where the buyers and sellers are.Ignored
Thank you that sounds very interesting