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


EURUSD 6E Euro
Updated: Views / Replies:272,920 / 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

  #761 (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


Silvester17 View Post
when trading currency futures, I believe fibonacci is probably one of the most important tools you can find. not because those are magic numbers, because many traders are watching them. the problem is how to draw them and on what time frame.

I personally only use fib confluence / cluster plus volume for entries and exits. fibs on larger time frame and volume on smaller time frame.

You are using ThinkOrSwim apparently (and NT)? He uses that to draw his levels.
Maybe the drawing tools in NinjaTrader (Fib levels etc.) are good enough.
I haven't really checked that out.

Reply With Quote
 
  #762 (permalink)
Market Wizard
Columbus, OH
 
Futures Experience: None
Platform: NT 8, TOS
Favorite Futures: ES
 
Silvester17's Avatar
 
Posts: 3,332 since Aug 2009
Thanks: 4,579 given, 10,313 received


stephenszpak View Post
You are using ThinkOrSwim apparently (and NT)? He uses that to draw his levels.
Maybe the drawing tools in NinjaTrader (Fib levels etc.) are good enough.
I haven't really checked that out.

I don't think there's a problem with either one. I use it on both platforms.

Reply With Quote
 
  #763 (permalink)
Elite Member
Portland, OR
 
Futures Experience: None
Platform: tos
Favorite Futures: NQ, SB, 6J, CL, GC
 
Massive l's Avatar
 
Posts: 1,458 since Mar 2011
Thanks: 922 given, 1,822 received



stephenszpak View Post
One of his big things, is to go with the trend until it fails. It seems he
uses the Fib levels as a methodical way of determining if a trend has changed.
Though he does more with them than that I believe. (They really worked great
on the charts he showed anyway.)

This guy is pretty good with them too.
Fibonacci Method Live Trading Room | The Fib Doctor

Psychology > Strategy ≥ Money
Reply With Quote
 
  #764 (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


Massive l View Post
This guy is pretty good with them too.
Fibonacci Method Live Trading Room | The Fib Doctor

I briefly looked at his site.

Attachment shows my pathetic attempt to use some Fibonacci. Obviously I have no idea
what I'm doing just yet with that. One problem I have is that sometimes prices stop moving
down or up, and there isn't an obvious support or resistance level there. Maybe Fibonacci can
help in such cases.

The chart (6E recent) shows 5 Fibonacci price levels in each down move (chart created with NinjaTrader).
That's just too many. The price is always at or near one of them.


Well I guess that's enough for a few days.

- Stephen

Attached Thumbnails
EURUSD 6E Euro-fib-chart.png  
Reply With Quote
 
  #765 (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

6E finally loosened up here today with a nice wedge break out that took price up to the 3142 high. Market clearly rejected price at these levels which was a low volume area and October's swing low. Very nice short set up there if you didn't catch the move higher. Pretty nice price action today considering we're heading into a relatively low volume period. But given the current events in the markets, we may see nice swings all the way through the holidays.

Attached Thumbnails
EURUSD 6E Euro-6e-03-12-15-min-12_20_2011.jpg  
Reply With Quote
The following user says Thank You to Private Banker for this post:
 
  #766 (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
6E finally loosened up here today with a nice wedge break out that took price up to the 3142 high. Market clearly rejected price at these levels which was a low volume area and October's swing low. Very nice short set up there if you didn't catch the move higher. Pretty nice price action today considering we're heading into a relatively low volume period. But given the current events in the markets, we may see nice swings all the way through the holidays.

I never could wrap my brain around why traders trade such large time frames. This breakout, even if superbly and perfectly executed would probably be about a 3:1 risk/reward trade. I get on average between 5 to15, 3:1 r/r trades everyday on a 3 or 4 range 6E chart. What is the draw of a 15min+ chart for day traders?


Last edited by monpere; December 20th, 2011 at 05:33 PM.
Reply With Quote
 
  #767 (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 never could wrap my brain around why traders trade such large time frames. This breakout, even if superbly and perfectly executed would probably be about a 3:1 risk/reward trade. I get on average between 5 to15, 3:1 r/r trades everyday on a 3 or 4 range 6E chart. What is the draw of a 15min+ chart for day traders?

I look at larger time frames for overall market structure and boil that down into my intra-day trade set up which is from a smaller time frame. The bigger picture tells a clearer story obviously. By trading just off a small period chart, you're potentially just trading noise so hopefully one would pay attention to the big picture as well.

Reply With Quote
 
  #768 (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: 3,698 since Oct 2009
Thanks: 3,041 given, 4,498 received


monpere View Post
I never could wrap my brain around why traders trade such large time frames. This breakout, even if superbly and perfectly executed would probably be about a 3:1 risk/reward trade. I get on average between 5 to15, 3:1 r/r trades everyday on a 3 or 4 range 6E chart. What is the draw of a 15min+ chart for day traders?

I personally think it's interesting to look at high/low volume nodes as it gives you an idea where business has been done but when price is moving up or down, you don't know beforehand which node will stop price, it could be the next high volume node, the low volume node above it or further away on the road, who knows ? What were the other factors he (Private Banker) used in his decision process , i have no idea if i simply consider the chart posted.

Reply With Quote
 
  #769 (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
I look at larger time frames for overall market structure and boil that down into my intra-day trade set up which is from a smaller time frame. The bigger picture tells a clearer story obviously. By trading just off a small period chart, you're potentially just trading noise so hopefully one would pay attention to the big picture as well.

I realize the majority of traders use multiple charts, with one or more higher time frames to get the 'big' picture. I happen not to use higher time frame charts, and don't really care what the overall market is doing. What ever is happening on a higher time frame is also happening on my small trading chart they are the same market. I can somewhat understand trading a higher time frame, and using a smaller time frame to fine tune an entry. But if I am trading small swings in a small time frame, not sure what a larger time frame does for me. Looking at the chart posted there are 6 days of what to me seems like nothing going on this higher time frame chart. Does that mean you are not trading for 6 days until this chart shows something happening on the 7th day? There's probably pure gold inside most of those 15 min bars.

Reply With Quote
 
  #770 (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 realize the majority of traders use multiple charts, with one or more higher time frames to get the 'big' picture. I happen not to use higher time frame charts, and don't really care what the overall market is doing. What ever is happening on a higher time frame is also happening on my small trading chart they are the same market. I can somewhat understand trading a higher time frame, and using a smaller time frame to fine tune an entry. But if I am trading small swings in a small time frame, not sure what a larger time frame does for me. Looking at the chart posted there are 6 days of what to me seems like nothing going on this higher time frame chart. Does that mean you are not trading for 6 days until this chart shows something happening on the 7th day? There's probably pure gold inside most of those 15 min bars.

This is funny... Are you even reading what I write here? Yes, the last few days were range bound as clearly evident on the chart shown previously. With that context being observed, I traded those ranges based on my intra-day set up which is off of a smaller periodicity chart. How is this conversation morphing from what happened today in the Euro to a battle of who's trading method is superior? Lol!

Reply With Quote
The following user says Thank You to Private Banker 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)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

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 06:12 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 2017-12-17 in 0.16 seconds with 20 queries on phoenix via your IP 54.82.81.154