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


EURUSD 6E Euro
Updated: Views / Replies:271,032 / 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

  #731 (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


Adamus View Post
pardon my ignorance but what are low volume areas and volume nodes?

No ignorance by asking questions. Low Volume Nodes (LVN's) are areas where price moved out of very quickly in a break out or break down in trend. Usually very little trades took place in this area (low volume) meaning price was not accepted there. These areas can become magnets for price down the road but can also serve as support and resistance. The terms are in reference to Market Profile of course and are watched heavily by the bigger players in the market. I don't want to go into a long winded explanation but that's the gist of it.

Node is a physics term with reference to a point on a standing wave.

--------------------------------------------------------------------------------------

Speaking of nodes, price on the Euro has now reached the ledge of the next high volume node (HVN) which is providing support so far, hence the sideways action so far in RTH. Price could be getting absorbed around the 1.2970 area with the hope that more buyers step in. Be careful though, this could give way if no one steps in.

Reply With Quote
The following 2 users say Thank You to Private Banker for this post:
 
  #732 (permalink)
Elite Member
Kampala, Uganda
 
Futures Experience: Intermediate
Platform: TOS
Broker/Data: TOS
Favorite Futures: SPX
 
Boomer34's Avatar
 
Posts: 164 since Mar 2011
Thanks: 74 given, 55 received

Thanks for the analysis guys...I just started watching the 6E, so keep up the analysis.

Reply With Quote
 
  #733 (permalink)
Elite Member
Oslo
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: Forex
 
aediaz1's Avatar
 
Posts: 57 since Apr 2011
Thanks: 20 given, 38 received


Very small daily ranges the past days on Euro. Question is if it will retrace or continue the trend. If eur/usd take out today's high, I would guess the former is most likely, considering that both weekly and monthly range have been fulfilled to the downside.

"We may not be able to control the wind, but we can always adjust our sails"
Attached Thumbnails
EURUSD 6E Euro-eurusd-10-min-16_12_2011.jpg  
Reply With Quote
 
  #734 (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

@aediaz1 from your charrt it looks like you're expecting a big move up. What ranges are you talking about on the daily & weekly charts, please?

You can discover what your enemy fears most by observing the means he uses to frighten you.
Reply With Quote
 
  #735 (permalink)
Elite Member
Oslo
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: Forex
 
aediaz1's Avatar
 
Posts: 57 since Apr 2011
Thanks: 20 given, 38 received


Adamus View Post
@aediaz1 from your charrt it looks like you're expecting a big move up. What ranges are you talking about on the daily & weekly charts, please?

I'm not expecting that but its possible IF today's high is taken out.

Average ranges is based on different time-frames and how much a currency have potential to move in that given time-frame. I usually look back 30 periods to make an average, which for example makes the average weekly range on eur/usd is 376 pips. Nothing fancy at all

"We may not be able to control the wind, but we can always adjust our sails"
Reply With Quote
 
  #736 (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


aediaz1 View Post
I'm not expecting that but its possible IF today's high is taken out.

Average ranges is based on different time-frames and how much a currency have potential to move in that given time-frame. I usually look back 30 periods to make an average, which for example makes the average weekly range on eur/usd is 376 pips. Nothing fancy at all


OK, so a 30 bar average true range, to name the indicator.

You can discover what your enemy fears most by observing the means he uses to frighten you.
Reply With Quote
 
  #737 (permalink)
Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,276 received


Private Banker View Post
No ignorance by asking questions. Low Volume Nodes (LVN's) are areas where price moved out of very quickly in a break out or break down in trend. Usually very little trades took place in this area (low volume) meaning price was not accepted there. These areas can become magnets for price down the road but can also serve as support and resistance. The terms are in reference to Market Profile of course and are watched heavily by the bigger players in the market. I don't want to go into a long winded explanation but that's the gist of it.

Node is a physics term with reference to a point on a standing wave.

--------------------------------------------------------------------------------------

Speaking of nodes, price on the Euro has now reached the ledge of the next high volume node (HVN) which is providing support so far, hence the sideways action so far in RTH. Price could be getting absorbed around the 1.2970 area with the hope that more buyers step in. Be careful though, this could give way if no one steps in.

I know what they are. I don't trade them, and don't believe in them since in my experience they work just as often as they are ignored. But a volume profile picture would help visualize the explanation better for those who are interested in that approach.

Reply With Quote
 
  #738 (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


monpere View Post
I know what they are. I don't trade them, and don't believe in them since in my experience they work just as often as they are ignored. But a volume profile picture would help visualize the explanation better for those who are interested in that approach.

What is your experience with using them?

Reply With Quote
 
  #739 (permalink)
Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,276 received


Private Banker View Post
What is your experience with using them?

Like I said, I could never find any high level of consistency in their usage, but I'm sure there are probably some out there who have discovered the secrets to get consistent performance out of them.

Reply With Quote
The following user says Thank You to monpere for this post:
 
  #740 (permalink)
Elite Member
Massachusetts (USA)
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: YM
 
stephenszpak's Avatar
 
Posts: 778 since Jun 2009
Thanks: 144 given, 358 received



Private Banker View Post
Low Volume Nodes (LVN's) are areas where price moved out of very quickly in a break out or break down in trend. Usually very little trades took place in this area (low volume) meaning price was not accepted there. These areas can become magnets for price down the road but can also serve as support and resistance. The terms are in reference to Market Profile of course and are watched heavily by the bigger players in the market.

Would/does anyone use candle volume charting in such cases?
Just wondering if it could help anyone in this matter, or am I totally off track?

Attached Thumbnails
EURUSD 6E Euro-candle-volume.png  
Reply With Quote
The following user says Thank You to stephenszpak 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 05:17 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 2017-12-13 in 0.16 seconds with 20 queries on phoenix via your IP 54.92.194.75