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EURUSD 6E Euro
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EURUSD 6E Euro

  #1911 (permalink)
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Personally I have 2758 - 2815ish as my area where 6e will consolidate, as well as the 2750/60's as an area of confluence.

The 20-40 level was much weaker, it was only a consolidation area once, and the other time held up on weak, overnight volume. I don't think you are incorrect to look for a bounce on technicals, I just think your area was too early/weak.



FR

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  #1912 (permalink)
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I'm looking for another testing of 1.60 in the cable. Any opinions on this?

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  #1913 (permalink)
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Indiana View Post
I'm looking for another testing of 1.60 in the cable. Any opinions on this?

This is the EUR/USD thread.

Mike

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  #1914 (permalink)
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CHART

Minimum Projection Target of this Pattern.

Attached Thumbnails
EURUSD 6E Euro-6e-12-12-30-renko-11_9_2012a.jpg  
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  #1915 (permalink)
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Target Missed

My Target was Missed by 35 Ticks, Euro Found Support at 1.2665 and Never made it to my 1.2630 Target.
I do not think i will ever be a Great Forecaster of Exact Target Prices...
here is what happened after finding Support at 1.2665.

Attached Thumbnails
EURUSD 6E Euro-6e-12-12-40-betterrenko-11_23_2012a.jpg  
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  #1916 (permalink)
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Hi fellas.

Not sure if this is the right thread for my questions, but i'll try.

I've recently been looking into market/volume profile and it looks very good and logical, but "can" it work on spot forex? I could use market/volume profile on the 6E or maybe the DX? And then try to trade the spot from the information/levels i get from those? Or will it be "skewed"?

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  #1917 (permalink)
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smajdah View Post
Hi fellas.

Not sure if this is the right thread for my questions, but i'll try.

I've recently been looking into market/volume profile and it looks very good and logical, but "can" it work on spot forex? I could use market/volume profile on the 6E or maybe the DX? And then try to trade the spot from the information/levels i get from those? Or will it be "skewed"?

All of my Euro charts are based on 6E futures, which obviously include volume info. I use this for profile.

Some of my trades however are placed on spot forex, using a forex broker.

So yes, it can be done. If you are scalping then I wouldn't recommend it, because you have to do a conversion of the spot price to futures price on each trade, since the spot OTC price won't match futures price to the ticket, there is usually a few tick difference.

Mike

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  #1918 (permalink)
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Big Mike View Post
All of my Euro charts are based on 6E futures, which obviously include volume info. I use this for profile.

Some of my trades however are placed on spot forex, using a forex broker.

So yes, it can be done. If you are scalping then I wouldn't recommend it, because you have to do a conversion of the spot price to futures price on each trade, since the spot OTC price won't match futures price to the ticket, there is usually a few tick difference.

Mike

Thanks for your answer. Do you trade based on volume profile? "Trading the edges" and fading into value area and such? That's why i'm a bit unsure, since the volume is spread out on spot and futures it might be "skewed"?

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  #1919 (permalink)
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I tinkered around with some charts and wanted to post these. SOME charting programs allow users to use changes in the bid as a proxy for volume. The first chart is the 6E and the second is the cash/spot Euro/USD. I'm not a spot trader but I do chart this data and trust it, I feel it give me a pretty good IDEA of the GREAT UNKNOWN.

6E Futures

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  #1920 (permalink)
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Hi 6E traders,

Am new to 6E but have been doing the spot for bout 2yrs or so.

I understand that there is L2 / market depth / queue levels on the 6E


1) Would like to ask if there is a specified number of contracts released into the market for 6E during each new
quarter - after expiry date (eg; 1million contracts of 6E released for sept-dec 2012)

Cant phrase it properly, but an analogy would be something like when a stock is being listed on NYSE, it has a fixed certain number of shares in the market.

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