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EURUSD 6E Euro
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EURUSD 6E Euro

  #2291 (permalink)
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Thxo View Post
Change of plan ... long here,

will hold until end of asian session ...

Out @1.1266 ... will look for another buy ..

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  #2292 (permalink)
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chr1s View Post
I think this is a good educational discussion here, can I just ask what's the point of depth and order flow of 6E when it follows spot (which may have orders in different places)? If there is a larger buy order at some level on 6E and I hide my stops behind it then suddenly at some bank sell orders are executed pushing price way down what's the point of someone looking at the depth of 6E when it does not have banks orders (nobody has)?

Thank you
Chris

Thank you! Maybe im not explaining my questions the right way.


Last edited by aaaaaa225; June 11th, 2015 at 09:08 AM.
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  #2293 (permalink)
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bebop View Post
as someone already mentioned-what makes any liquidly traded futures contract follow its underlying cash market is simply the buying & selling of the arb traders. The futures is the exact equivalent of the cash with the additional premium of the time value of money until the expiry (plus the value of dividends in an equity index, or the cost of warehousing & transport for a commodity). If you can capture the mispricing between fair value of the futures & the current spot rate - thats pure arbitrage = free money. You buy one sell the other & either hold the position to expiry, or trade out of it when the basis flips the other way. There are a ton of prop desks around the world with automated systems tracking & trading this 24 hours a day. Back in the day the mispricing was huge. Nowadays it gets whacked back into line before you'd ever notice it, except in situations of extreme volatility.

So as was mentioned, pure arbitrage is the reason the futures "follows" the spot.

Hope this helps,
Brian

Sent from my SM-N900 using Tapatalk

Yes this makes total sense Thank you and im guessing the same thing is happening for m6e and 6e. I didnt know if it was a market maker doing this or something else ect.


Last edited by aaaaaa225; June 11th, 2015 at 09:11 AM.
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  #2294 (permalink)
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seeing more triangles this morning in m6e and dx. yesterday m6e found support at monthly vwap so looks bullish though market is waiting for new inputs it seems....today is ppi at 1430, university of michigan consumer sentiment, and next week is fomc press conference ....and the never ending greek odyssey! flat at the moment.
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  #2295 (permalink)
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chr1s View Post
I think this is a good educational discussion here, can I just ask what's the point of depth and order flow of 6E when it follows spot (which may have orders in different places)? If there is a larger buy order at some level on 6E and I hide my stops behind it then suddenly at some bank sell orders are executed pushing price way down what's the point of someone looking at the depth of 6E when it does not have banks orders (nobody has)?

Thank you
Chris

This i what im kinda thinking if there is any point at looking at the depth of the 6e when there might be bigger buyers and sellers sitting in the spot market. Kinda throws off the 6e depth i would think.

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  #2296 (permalink)
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... I think, i'll look for buying opportunity after London Close ... around the grey zone in pic ...

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EURUSD 6E Euro-eurusdm1.png  
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  #2297 (permalink)
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6E - Volatility, Range, Trend calculations for Hourly bars over the past 5 years

I was influenced by Adam Grimes' course and created a study for the past 5 years of 6E to answer the following questions:
which hours have the highest volatility, range, and trending strength. I had read various threads on futures.io (formerly BMT) and watching the market over the past few months I had my opinions BUT I wanted to crunch the numbers. Here are the results. The source excel file is located here so you can prove it yourself and check the equations: https://futures.io/elite-circle/20164-master-homework-statistics-thread-53.html#post506279

notes: no data optimization, i.e. holidays etc. are not removed. hours are CET: 0900 => 0800 - 0900

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Last edited by JohnS; July 24th, 2015 at 04:29 AM.
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  #2298 (permalink)
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JohnS View Post
seeing more triangles this morning in m6e and dx. yesterday m6e found support at monthly vwap so looks bullish though market is waiting for new inputs it seems....today is ppi at 1430, university of michigan consumer sentiment, and next week is fomc press conference ....and the never ending greek odyssey! flat at the moment.

Sorry if this is off topic - but how have you created the support and resistance lines in the second image?
Thanks in forward!

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  #2299 (permalink)
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Gabriel123 View Post
Sorry if this is off topic - but how have you created the support and resistance lines in the second image?
Thanks in forward!

I use ninja trader for charting and the horizontal lines you see are the pivots created by the NT Pivot indicator. The other lines are just lines I created.

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  #2300 (permalink)
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JohnS View Post
I use ninja trader for charting and the horizontal lines you see are the pivots created by the NT Pivot indicator. The other lines are just lines I created.

Thanks. What's the semantics behind your lines if I may ask?

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