MBT Micro Bitcoin futures trading - key parameters margin requirement US$3.5K / LOT 1 tick = 5 points = US$0.50 risk per lot : 40 ticks = US$20 <<< this ought to be reduced when liquidity improves. volume charts: 10V and 30V volume traded is rather low. as time goes by, the parameters have to be adjusted.
MBT 4 May post mortem / reverse engineering / hindsight analysis up @903am, Asian session max reward risk ratio 7:1 down @ 909pm, US session max RR ratio 6:1 Trendiness : quite bad bid-offer spread : extremely bad volume was very pathetic. let's see if it will improve.
oops! mistake. The above posting is for 3 May. 4 may session. Lately Asian and European index futures are very trendy. sigh .... Micro btc futures volume is very pathetic.
The hell cares about volume. I am seeing tremendous potential in it. It's volume on it's first day seems to have exceeded the BTC big boy future. And MBT initial margin is close to MNQ initial. Once I get more historical data on it, will be able to get a better handle on it.
I am sure the volume will pick up. I remembered then Russell 2000 was listed in CME, the volume only picked up a few weeks later.
MBT 4 May post mortem / reverse engineering / hindsight analysis down @835a Asian session down @1002p US session again no signal during the European session Trendiness : quite bad bid-offer spread : extremely extremely bad So MBT not suitable for day trading. let's see if it will improve a few weeks later.
Dude, I can see this thing being the biggest micro launch since the micro equity indices 2 years ago. Every Tom, Dick and Harry wants a low barrier to entry into Crypto. Well, here it is.
down @835a Asian session entry price 56800 stop loss : 57100 down @1002p US session entry price 55400 stop loss : 55700 exit? No way to tell how far the price will go (or whether the trade will be successful). Let's say we trade with 3 lots (or multiple of 3s). 1stlot - perhaps target a small decent Reward risk ratio of ~3:1 3rd lot - hold it for a very long time to stretch the RR ratio 2nd lot - TP somewhere in between as mentioned, it is still not a good time to day-trade MBT. Let the swing traders and investors profit from it.
MBT Micro Bitcoin futures trading - key parameters updated margin requirement US$2K / LOT 1 tick = 5 points = US$0.50 risk per lot : 40 ticks = US$20 <<< this ought to be reduced when liquidity improves. volume charts: 15 and 45V chart style : Heiken Ashi candles OK. I am ready to trade MBT. with such a bad bid-offer spread, quantity traded has to be reduced.