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


EURUSD 6E Euro
Updated: Views / Replies:270,966 / 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 Ė 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 donít 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

  #571 (permalink)
Elite Member
Zurich Switzerland
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IB
Favorite Futures: ES, 6E, CL
 
Posts: 404 since Sep 2009
Thanks: 64 given, 511 received

Sup/res and fib levels did work well.

Attached Thumbnails
EURUSD 6E Euro-11-10-18-0003.png  
Reply With Quote
The following user says Thank You to terratec for this post:
 
  #572 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,697 since Oct 2009
Thanks: 3,041 given, 4,496 received


Big Mike View Post
Momentary blip, I believe we will close lower today, tomorrow, this week.

Mike

Was this English humor?

P.S. Remember that your advice should be useful, interesting, and of course, FUNNY!

Reply With Quote
 
  #573 (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, 83,220 received



trendisyourfriend View Post
Was this English humor?

P.S. Remember that your advice should be useful, interesting, and of course, FUNNY!

When I wrote the post I was serious. But it has since turned into a joke



In all seriousness, I think it has a lot more room to the downside than it has to the upside as for potential over the next few days and weeks.

I'm still looking at a big divergence on delta, plus price at the outside of a monthly VWAP, all with a bad European situation that isn't going to get better.

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 3 users say Thank You to Big Mike for this post:
 
  #574 (permalink)
Elite Member
Netherlands
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: 6E
 
Zwaen's Avatar
 
Posts: 247 since Dec 2010
Thanks: 762 given, 221 received


rassi View Post
Must have confluance. But the pa was as i have annotated on your chart.

Today again at 3715 level, was interesting to see

Attached Thumbnails
EURUSD 6E Euro-fr.jpg  
Reply With Quote
The following user says Thank You to Zwaen for this post:
 
  #575 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,601 received
Forum Reputation: Legendary


Big Mike View Post
When I wrote the post I was serious. But it has since turned into a joke



In all seriousness, I think it has a lot more room to the downside than it has to the upside as for potential over the next few days and weeks.

I'm still looking at a big divergence on delta, plus price at the outside of a monthly VWAP, all with a bad European situation that isn't going to get better.

Mike

You should not give up that fast. If I look at the chart, I see the following things:

-> Fibonacci resistance and bull trap
-> clear uptrend until Friday
-> a trendline break on Monday
-> clear downtrend today with test of value zone and test of resistance

The picture is really bearish. Of course it is possible that the broken trendline will be tested again, but I think that it is rather unlikely.

So I think also believe that EURUSD will be closing lower, today, this week or this month.

Attached Thumbnails
EURUSD 6E Euro-6e-12-11-60-min-18_10_2011.jpg  
Reply With Quote
The following 4 users say Thank You to Fat Tails for this post:
 
  #576 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,216 since Jun 2009
Thanks: 628 given, 6,314 received
Forum Reputation: Legendary


David_R View Post
One uptrend line has been broken, but another below it is still in place. That TL comes in at around 1.3600.


Seems like mixed info. There was SOT at the highs an we have sold off, but there is SOT on the small downtrend channel as well and we may have sprung from the 1.3650 area. Does not mean new highs, but the potential is there.

SOT=Shortening of the thrust. Price unable to reach the opposite trend line of the channel.


D

not many opportunities to get in at the thick TLs

Attached Thumbnails
EURUSD 6E Euro-6e-12-11-60-min-10_18_2011.jpg  
Reply With Quote
The following user says Thank You to cory for this post:
 
  #577 (permalink)
Elite Member
La Jolla, CA
 
Futures Experience: Master
Platform: Sierra Chart, X_Trader Pro, OptionsCity
Broker/Data: Advantage, Trading Technologies, OptionsCity, IQ Feed
Favorite Futures: CL, NG
 
Private Banker's Avatar
 
Posts: 1,040 since Jul 2010
Thanks: 1,713 given, 3,759 received

I have to agree with Fat Tails on this one. This spike up appeared to be another knee jerk reaction to yet another ridiculous announcement today with today's report coming from the Guardian. The tail left on this move looks very bearish since it ran to the 61.8% level from the high of 1.3905 to today's low of 1.3645. I think it's difficult to accurately predict what the market will do day in and day out but I do think Big Mike is correct in saying that there is a lot more down side vs. upside. I expected a hit of 1.39 which was a low volume area and we've reversed from there.

Looking at the USD, this recent pullback has brought the market about half way back off the bottom which should happen in a healthy, rising market. I think we could see the USD get to around the 84 area next should this measured move play out.

Attached Thumbnails
EURUSD 6E Euro-2011-10-18-6eweekly.jpg  
Reply With Quote
The following 3 users say Thank You to Private Banker for this post:
 
  #578 (permalink)
Elite Member
Zurich Switzerland
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IB
Favorite Futures: ES, 6E, CL
 
Posts: 404 since Sep 2009
Thanks: 64 given, 511 received

Same levels as yesterday.
Overhead 78.6% from last downmove.
Possible 123 in short and midterm.

Attached Thumbnails
EURUSD 6E Euro-11-10-19-0000.png  
Reply With Quote
 
  #579 (permalink)
Sharpening mental edge
the congo
 
Futures Experience: Advanced
Platform: North sea oil rig
Favorite Futures: Cl
 
rassi's Avatar
 
Posts: 827 since Jun 2009
Thanks: 1,154 given, 926 received
Forum Reputation: Legendary


terratec View Post
Same levels as yesterday.
Overhead 78.6% from last downmove.
Possible 123 in short and midterm.

Well i got the perfect short entry but unfortunatly i totally messed up the position size, had to close and but the time i went to reenter at the correct size price had gone cest la vie!

Attached Thumbnails
EURUSD 6E Euro-doh-.png  
Reply With Quote
 
  #580 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,601 received
Forum Reputation: Legendary


The Euro still shows weakness, no retest of the trendline so far, which was broken on Monday. Monday's value zone - here shown as TWAP, as there is no reliable volume for FOREX - seems to attract sellers.

Also look at the regularity of the decline in the value zones for 6 consecutive days. You will notice that

Zone 6 > Zone 5 > Zone 4 > Zone 3 > Zone 2 > Zone 1

showing that each day the VWAP's advance was smaller showing the weakening of the uptrend. The same weakening of the trend can be seen as a wedge, which formed over 5 days. You do not need any momentum indicators and detect a bearish divergence. Any divergence detected by a momentum indicator can easily be seen on price as well.

The uptrend has now come to an end. This does not mean that a downtrend will follow immediately, but we could also see some sideways action. A retest of the prior highs and/or the trend line is possible.

Attached Thumbnails
EURUSD 6E Euro-eurusd-60-min-19_10_2011.jpg  
Reply With Quote
The following 2 users say Thank You to Fat Tails 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 09:54 PM.

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 2017-12-12 in 0.13 seconds with 20 queries on phoenix via your IP 54.221.93.187