EURUSD 6E Euro | Currency Futures


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EURUSD 6E Euro

  #778 (permalink)

London, UK
 
Trading Experience: Beginner
Platform: NinjaTrader, home-grown Java
Broker/Data: IB/IQFeed
Favorite Futures: EUR/USD
 
Adamus's Avatar
 
Posts: 1,085 since Dec 2010
Thanks: 471 given, 782 received


Private Banker View Post
6E finally loosened up here today with a nice wedge break out that took price up to the 3142 high. Market clearly rejected price at these levels which was a low volume area and October's swing low. Very nice short set up there if you didn't catch the move higher. Pretty nice price action today considering we're heading into a relatively low volume period. But given the current events in the markets, we may see nice swings all the way through the holidays.


monpere View Post
I never could wrap my brain around why traders trade such large time frames. This breakout, even if superbly and perfectly executed would probably be about a 3:1 risk/reward trade. I get on average between 5 to15, 3:1 r/r trades everyday on a 3 or 4 range 6E chart. What is the draw of a 15min+ chart for day traders?


rassi View Post
So your making between 15 to 45% a day assuming a 1% risk per trade....


I feel like I must be a bit of a muppet but how do you guys work out from that one message and screenshot all that R:R and % return? Or is this some sort of currency trading in-joke that I haven't figured out yet?

Hopefully Santa's gonna bring me that Forex for Dummies book I asked for.

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