Why Is The emini Russel ER2 Has No Liquidity?

[hanz 10]

hello,

 

wonder why?

 

ER2 Sucks?

 

or traders trade @ ICE's Russel 1000

[torero 10]

I think you're using the old contract, today is rollover so few previous days before rollover, traders move to the leading contract, December. Check ER2Z07 (if using Tradestation).

[Guest Fulcrum]

New contract is just fine.......just entered a Long at 781.20 and there was decent liquidity.

[Guest Fulcrum]

Covered 1/3'rd at 782.20, covered 1/3'rd at 782.70.....trailing stop on the last 1/3'rd of my position.

 

I am sure as the day progresses we will see the volume increase on the new contract.

 

 

*Update...trailing stop hit at 781.70 for + 5 ticks...flat now.

[Minetoo 10]

What pivot numbers do you guys use for rollover day? I notice on the ES at least there is still significant volume on the old contract. Would you combine the volume for a more accurate picture?

[Guest Fulcrum]

What pivot numbers do you guys use for rollover day? I notice on the ES at least there is still significant volume on the old contract. Would you combine the volume for a more accurate picture?

 

Not sure....I use market profile to determine s/r levels...I do not follow pivots.

[Minetoo 10]

Fulcrum, who do you use for MP?

[Guest Fulcrum]

Well I learned MP about two years ago and I look at what levels will be prominent for the trade day ahead prior to the open. I use a custom application to track MP for each futures contract that I trade. You should be able to get MP capabilities from several of the charting companies out these days.

[Minetoo 10]

Anything on Tradestation?

[Guest Fulcrum]

I think there may be MP code in the TS forums...check it out.

 

Investor r/t has it too.

[donaldduke 10]

hello,

 

wonder why?

 

ER2 Sucks?

 

or traders trade @ ICE's Russel 1000

 

 

Are you trading on ICE?

ER2 on ICE has no volume.

 

The September Contract (ER2U7) on Globex will expire Friday.

Best time to roll over to ER2Z7 (Dec) is normally the Wednesday before the expiration.