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  #1926 (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

This is a chart of the March 13 6E contract

When I get this close to rollover day I believe my volume stats become more subjective on the front month. The volume of the Dec contract is leaving like rats on a sinking ship, they're swimming over to the "H13" yesterday 17k so far today 33k. This chart shows what is in my opinion a textbook 50% pull back from the big down move of last week. Yesterday we filled the gap of the weekend open, consolidated on light/low volume, and paused. During the overnight price tagged yesterday's POC and began it's ascent, taking out the .382 and then the fifty. Will it last the evening, will it last through Christmas,,,, my crystal ball is a little cloudy but I like to be bullish the BIG E in December, but that's just me. I'll be keeping an eye (both eyes) on the ability of the "H13" to hold the 1.3000 level, the Z12 contract has a very limited life expectancy.

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Last edited by Cashish; December 11th, 2012 at 01:34 PM.
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