EURUSD 6E Euro | Currency Futures


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EURUSD 6E Euro

  #1630 (permalink)

Miami FL USA
 
Trading Experience: Advanced
Platform: Ensign 10, NT7 DOM
Broker/Data: IB, IQ
Favorite Futures: Currency Futures
 
Cashish's Avatar
 
Posts: 803 since May 2011
Thanks: 811 given, 2,112 received

Where's the Volume? I was wondering the same thing. I brought up this VP Chart, it shows the a profile of the last three trading sessions (Friday, Sun/Monday and Today). Price was sitting right in the "cleavage" at 2:00 am Eastern. I thought the GFK CONSUMER CONFIDENCE SURVEY release might stir up some enthusiasm this morning. I placed sell orders around the +1 SD level to get short and targeted a portion of the range with buy orders around the -1 SD level. I had a hard stop sitting on 1.2535. I figured the position was going to get taken out when the market rotated up to the highs, but NO, it survived and the market came my way. But I still almost screwed up the trade, I didn't have the right quantity set on my targets, I got that straightened out and took the first sign of profit. A few minutes ago the POC, the Pivot and the VWAP were all within 4 a tick range. I suggest extra caution this morning on any position, in any direction (use a stop). A little news, a rumor or volume could set this thing off in either direction, (to those high volume areas) IMO. I don't like living on the edge, I might be done for the day.

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