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Big discrepancy 6E/@EU# vs. EURUSD spot


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Big discrepancy 6E/@EU# vs. EURUSD spot

  #1 (permalink)
 
Laurus12's Avatar
 Laurus12 
Norway
 
Experience: Advanced
Platform: MultiCharts, CQG, NinjaTrader
Broker: CQG, DTN IQFeed
Trading: EURO
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Did anyone else get this in their charts?

The picture is showing a large discrepancy between the 6E and EURUSD spot forex. Feeds are IQFeed and FXCM.

Could anyone please give some advice and tell me what it means?

Thank you,
Laurus

“If you wish to see the truth, then hold no opinions for or against anything.” - Hsin Hsin Ming
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  #2 (permalink)
 
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 torroray 
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A true bucketshop caught with pants down

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 Fat Tails 
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Laurus12 View Post
Did anyone else get this in their charts?

The picture is showing a large discrepancy between the 6E and EURUSD spot forex. Feeds are IQFeed and FXCM.

Could anyone please give some advice and tell me what it means?

Thank you,
Laurus

Friday is rollover day for 6E. This means that IQ feed switches from the old front month contract 06-11 to the new front month contract 09-11 at the close of the session on Thursday, which is 5:00 PM EST.

The large down bar is simply the rollover gap. The June contract closed at 1.4510, the September contract closed at 1.4470, so you should see a gap of 40 pips.

It is obvious that the FOREX cash market does not show any rollover gaps.

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 Fat Tails 
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torroray View Post
A true bucketshop caught with pants down

Not really.

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 Big Mike 
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I agree with Fat Tails, if you switch your IQfeed symbol to the new front month, it will match more or less the current spot forex price.

IQfeed will switch their continuous contract on Monday or Tuesday of next week.

Mike

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Laurus12's Avatar
 Laurus12 
Norway
 
Experience: Advanced
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Thank you very much Fat Tails. Learned something new here.

But #@%!! I had a nice long position at 1.4508 on the spot, but panicked when I saw the 6E drop. Thinking that maybe it was leading..... It has a nice momentum going on now.

Laurus

“If you wish to see the truth, then hold no opinions for or against anything.” - Hsin Hsin Ming
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Laurus12's Avatar
 Laurus12 
Norway
 
Experience: Advanced
Platform: MultiCharts, CQG, NinjaTrader
Broker: CQG, DTN IQFeed
Trading: EURO
Posts: 376 since Nov 2010
Thanks Given: 562
Thanks Received: 363


Big Mike View Post
I agree with Fat Tails, if you switch your IQfeed symbol to the new front month, it will match more or less the current spot forex price.

IQfeed will switch their continuous contract on Monday or Tuesday of next week.

Mike

Thank you very much to you too Mike. Again learned something new.

It's kind of an emotional moment right now. Had been working on it all afternoon to get a good position and then suddenly got caught by surprise.

Laurus

“If you wish to see the truth, then hold no opinions for or against anything.” - Hsin Hsin Ming
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  #8 (permalink)
 
Laurus12's Avatar
 Laurus12 
Norway
 
Experience: Advanced
Platform: MultiCharts, CQG, NinjaTrader
Broker: CQG, DTN IQFeed
Trading: EURO
Posts: 376 since Nov 2010
Thanks Given: 562
Thanks Received: 363


torroray View Post
A true bucketshop caught with pants down


“If you wish to see the truth, then hold no opinions for or against anything.” - Hsin Hsin Ming
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