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EURUSD 6E Euro
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EURUSD 6E Euro

  #741 (permalink)
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Big Mike View Post
I originally switched to the Euro during the time of extreme volatility on oil, with all the stuff overseas, and we were seeing spreads of 20-30 ticks and 400 tick moves. I had intended to switch back to oil, but never did - I like the Euro And it is less controversial than trading oil for whatever society-type reasons.

I do have an MBT account where I play around. But my primarily vehicle is futures. I never experienced any slippage that I can recall at MBT, that would be because they pay you to use limit orders - which I did, limit @ the offer.

I think for the newer trader, trading spot forex EUR/USD vs trading the CME secondary 6E market is a wise thing. You can dramatically lower your risk per trade.

Mike

Mike

The reason I originally looked at the CL was because it was your instrument (seriously).
Now maybe I'll have to switch to the 6E (hee hee) (seriously).


This was posted Oct. 2011:

I've been trading that market since late-2006 or early-2007. Computer algorith trading has all but ruined it now, though. Hysterical whip in a 5-tick range, then spikes out 10-15 ticks and ping-pongs again . . . all day.

Good Luck!
Chartsky


Do you think the CL is less predicable than the 6E? Perhaps agreeing with Chartsky's comments above?

Regarding data for the 6E or spot forex EUR/USD... I'm thinking about actually getting some data in real-time
that I could record each day in NinjaTrader for market replay trading.

What is the cheapest way to get this data if you know off-hand? Does opening a small account with
MBT or whoever, allow me to get such data for free, or at a discount?



Thanks,

- Stephen

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  #742 (permalink)
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stephenszpak View Post
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?

Not sure really. It's possible but I'm most interested in knowing of high and low volume areas (price levels). This is best seen on a volume composite profile where you can clearly see areas of acceptance and rejection.

Using a volume ladder could also aid in this for intra-day trading. You would look to identify the price areas with the most volume and what side of the market is controlling that level. Take a look at the attached chart where I drew a path of each bar's POC. It paints an interesting insight into what is occurring. You could trade this outright or use this as a heads up and integrate it into your standard trade set up. Whatever works best for you.

Attached Thumbnails
EURUSD 6E Euro-6e-03-12-5-min-12_16_2011.jpg   EURUSD 6E Euro-6e-03-12-15-min-12_16_2011.jpg  

Last edited by Private Banker; December 17th, 2011 at 03:46 PM. Reason: Forgot to add chart
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  #743 (permalink)
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Here's another good example. Volume at one side of the candle shows either buying or selling
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  #744 (permalink)
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Here's another good example. Volume at one side of the candle shows either buying or selling
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Ok, I've never seen anything that complicated before.

If I could, I'd take this chart and convert it to 5 or 10 minute candle volume candles and post it.
Don't have the data however.

If you can get something out of your charting that's great. Seriously. I don't think I could ever
catch on to it though.

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  #745 (permalink)
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stephenszpak View Post
Ok, I've never seen anything that complicated before.

If I could, I'd take this chart and convert it to 5 or 10 minute candle volume candles and post it.
Don't have the data however.

If you can get something out of your charting that's great. Seriously. I don't think I could ever
catch on to it though.

All the stuff on that chart is Gomi stuff ... and they are available on futures.io (formerly BMT) for download.

Lolu

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  #746 (permalink)
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lolu View Post
All the stuff on that chart is Gomi stuff ... and they are available on futures.io (formerly BMT) for download.

Lolu

Thanks. I'll try to find another path.

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  #747 (permalink)
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stephenszpak View Post
Ok, I've never seen anything that complicated before.

If I could, I'd take this chart and convert it to 5 or 10 minute candle volume candles and post it.
Don't have the data however.

If you can get something out of your charting that's great. Seriously. I don't think I could ever
catch on to it though.

It's really not as complicated as it looks. The idea is to essentially look for volume churn. It does take a while to get use to but it's an excellent tool to have in your arsenal although I do prefer to look at volume profiles to better understand what the market is doing. The volume ladder is more of a look under the hood you could say.

At the end of the day, you have to just use what works best for you and your trading style. Just because something works for me doesn't mean it will work for you of course. Always happy to help and best of luck!

Cheers,
PB

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  #748 (permalink)
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It's really not as complicated as it looks. The idea is to essentially look for volume churn. It does take a while to get use to but it's an excellent tool to have in your arsenal although I do prefer to look at volume profiles to better understand what the market is doing. The volume ladder is more of a look under the hood you could say.

At the end of the day, you have to just use what works best for you and your trading style. Just because something works for me doesn't mean it will work for you of course. Always happy to help and best of luck!

Cheers,
PB

I don't think I could get used to your stuff.

I just found some data right here at futures.io (formerly BMT)!

https://futures.io/download/vip_elite_circle/page-1.html&page=2

Expect to have problems getting it to display etc. That's typical.
Been up 24 hours, so I may need some sleep.

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  #749 (permalink)
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Typical problem. If I resolve it I will re-post.
I know it's simple to fix. Somehow.

See attachment.

Attached Thumbnails
EURUSD 6E Euro-problem.png  
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  #750 (permalink)
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stephenszpak View Post
Typical problem. If I resolve it I will re-post.
I know it's simple to fix. Somehow.

See attachment.

Download and install 7-Zip

7-Zip

Mike

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