EURUSD 6E Euro - Currency Futures | futures io social day trading
futures io futures trading


EURUSD 6E Euro
Updated: Views / Replies:270,814 / 2,361
Created: by Big Mike Attachments:1,054

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you dont need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 1,054  
 
Thread Tools Search this Thread
 

EURUSD 6E Euro

  #1991 (permalink)
Elite Member
London, UK
 
Futures 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: 470 given, 778 received

Copied from my journal: I don't like the so-called fundamental reasons in the newswires about the drop today. The Cyprus bail-out with the so-called "dangerous" theft of 6% off everyone's bank accounts is not going to lead to contagion of the crisis and runs on banks. It's a fait accomplis and it's a one-off. You think they'd do that in Greece, Spain or Italy? So fundamentally I think there is a good reason to be bullish because that 150 point gap is just volatility.


Also technically on the monthly and weekly charts, it looks like there's just a lot of air underneath it right now. If you look closer than that though, it just looks messy. A good reward:risk for a short. Would be even better though if I could identify a pull-back for a short.

You can discover what your enemy fears most by observing the means he uses to frighten you.
Reply With Quote
 
  #1992 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,218 received

 
 
 
 


Peter Schiff is always playing the doomsday card. While I think things are terrible, and the recent highs in the market don't translate (ie: printing), I can't subscribe to the extremist position that Peter always takes.

I wonder if he is Tyler Durden @ ZH?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 2 users say Thank You to Big Mike for this post:
 
  #1993 (permalink)
Elite Member
London, UK
 
Futures 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: 470 given, 778 received


Can't deny that the fundamental security of a fiat currency is whether the people who hold the currency believe in it or not.

But I don't even think the Cyprus bail-out was a mistake, I think it was a cynical raid on the tax-dodging Russian millionaires. We'll see though. If the Russians come and clear their laundered money out and Cyprus collapses anyway, then yes it was a mistake but I still don't think it will affect the other countries.

What it does mean though is that the Euro should fall further if it drops on half-bad news like this.

You can discover what your enemy fears most by observing the means he uses to frighten you.
Reply With Quote
 
  #1994 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,218 received

Cyprus, Seriously - NYTimes.com

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #1995 (permalink)
Elite Member
London, UK
 
Futures 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: 470 given, 778 received

That's the plan - austerity if you want to stay in the Euro, which they do, so that the rest of their deposits don't devalue with a new currency. Some depositors there - pensioners etc, not just Russians - have already lost about half, they'll cling on to the rest for dear life. I don't believe that Germany (who basically control what happens) will let Cyprus (or Greece) go into a decade long depression. The bankrupt countries have to show that they have purged themselves, and then I assume the rescue investment will come - like the Marshall Plan that got Germany on its feet when all they had was rubble and devastation at the end of WWII.

You can discover what your enemy fears most by observing the means he uses to frighten you.
Reply With Quote
 
  #1996 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,218 received

Source: Eurozone crisis: three-and-a-half years of pain - interactive timeline | Business | guardian.co.uk

(interactive at source)

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #1997 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Beginner
Platform: NinjaTrader, MultiCharts
Favorite Futures: Forex, oil, stocks, options
 
Posts: 15 since Mar 2012
Thanks: 23 given, 3 received

I also think the doomsday is not close but remember that "it comes as a thief in the night".

The fundamental issues of the "moral hazard" of bailing out private corps with tax money and stealing deposits will end in tears. Nature always takes care of this sort of stuff...

Reply With Quote
The following 2 users say Thank You to nickdsc for this post:
 
  #1998 (permalink)
Elite Member
Tampa, FL
 
Futures Experience: Beginner
Platform: NinjaTrader, Sierra Chart
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: 6E, M6E, 6J
 
Xav1029's Avatar
 
Posts: 1,374 since Dec 2011
Thanks: 1,452 given, 3,354 received

My View

I rarely pay attention to fib levels or retracements, however I decided to add a it to this chart. My levels come mostly from profiles(gold and grey lines), but I wanted to see how much we had retraced and saw this convergence of fib levels and profile levels. I see a PB to the 3000 level (23.6%) before making a go at the 3250 level (50%).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

London Calling
Reply With Quote
The following 3 users say Thank You to Xav1029 for this post:
 
  #1999 (permalink)
Elite Member
Tampa, FL
 
Futures Experience: Beginner
Platform: NinjaTrader, Sierra Chart
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: 6E, M6E, 6J
 
Xav1029's Avatar
 
Posts: 1,374 since Dec 2011
Thanks: 1,452 given, 3,354 received

The PB to the ~3000 took a lot longer than I anticipated. As long as we stay above ~3120, I think we are poised to make a run at ~3250, but first we need to find acceptance up here. If we don't find acceptance up here, I see us falling back into this month long balance zone. We got plenty of news coming up this week to nudge us one way or another. The 4hr chart is what I use mainly to get my bigger picture.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

London Calling
Reply With Quote
The following user says Thank You to Xav1029 for this post:
 
  #2000 (permalink)
Elite Member
Tampa, FL
 
Futures Experience: Beginner
Platform: NinjaTrader, Sierra Chart
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: 6E, M6E, 6J
 
Xav1029's Avatar
 
Posts: 1,374 since Dec 2011
Thanks: 1,452 given, 3,354 received


Today was the first time I have seen the big boys "puke". Aggressive market orders of 10+ contracts were selling pretty hard(colored delta bars), but price held steady. As soon as price crossed the VWAP/SR/PP convergence they all "puked". Have been watching this for 3-4 months and have yet to see that happen before. Seen the smaller prints do it all the time, just not the bigger ones.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

London Calling
Reply With Quote
The following 3 users say Thank You to Xav1029 for this post:

Reply



futures io > > > > EURUSD 6E Euro

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Trading mini euro ( E7) or micro euro (M6E) currency futures ??? rw48gmx Currency Futures 115 November 14th, 2017 04:58 PM
NinjaTrader tick charts for Scalping the 6E Euro TickTrader Currency Futures 5 October 15th, 2011 10:27 AM
6E (EURUSD) trading alex123 Elite Trading Journals 35 September 17th, 2011 09:15 PM
6E and Euro spot key levels josh Currency Futures 5 July 23rd, 2011 12:25 PM
Big discrepancy 6E/@EU# vs. EURUSD spot Laurus12 Currency Futures 7 June 9th, 2011 09:12 PM


All times are GMT -4. The time now is 12:31 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-11 in 0.15 seconds with 20 queries on phoenix via your IP 107.20.115.174