NexusFi: Find Your Edge


Home Menu

 





EURUSD M6E/6E Euro


Discussion in Currencies

Updated
      Top Posters
    1. looks_one Big Mike with 402 posts (490 thanks)
    2. looks_two Cashish with 192 posts (162 thanks)
    3. looks_3 terratec with 117 posts (213 thanks)
    4. looks_4 rassi with 113 posts (110 thanks)
      Best Posters
    1. looks_one glennts with 1.9 thanks per post
    2. looks_two terratec with 1.8 thanks per post
    3. looks_3 Big Mike with 1.2 thanks per post
    4. looks_4 Cashish with 0.8 thanks per post
    1. trending_up 882,549 views
    2. thumb_up 3,050 thanks given
    3. group 204 followers
    1. forum 2,612 posts
    2. attach_file 1,255 attachments




 
Search this Thread

EURUSD M6E/6E Euro

  #2271 (permalink)
 tradentravel 
Phoenix AZ
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Optimus
Trading: /ES /YM
Posts: 10 since Apr 2013
Thanks Given: 3
Thanks Received: 8

the future product is a derivative of spot that theoretically can be defined as a mathematical formula. It doesn't really matter which one moves which, they are just inter-related. IMO the relationship does not affect order flow.

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Futures True Range Report
The Elite Circle
Better Renko Gaps
The Elite Circle
NexusFi Journal Challenge - April 2024
Feedback and Announcements
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
Exit Strategy
NinjaTrader
 
  #2272 (permalink)
 aaaaaa225 
las vegas nevada usa
 
Experience: Master
Platform: white tape
Trading: oil
Posts: 62 since Dec 2012
Thanks Given: 4
Thanks Received: 8

Simple question really I'm wondering if anyone knows what is making them follow eachother.

Reply With Quote
Thanked by:
  #2273 (permalink)
 dom64 
London, UK
 
Experience: Master
Platform: sierra chart, Jigsaw Trading, Bookmap
Trading: 6E futures, Cable
Posts: 93 since Aug 2012



aaaaaa225 View Post
Simple question really I'm wondering if anyone knows what is making them follow eachother.

Which part of the Futures EUR/USD contract follows the EUR/USD sport rate is unclear? What makes it move? The fact that it follows the spot. If you follow a car in the street, what makes you go left or right? The car you are following does! It is the same here, and the 6E Futures contract has its own regulated exchange, the CME, and its own recorded official exchanged volume. There is nothing more to know or understand and order flow is order flow. I have been trading the 6E Futures Order flow for years and trust me it is very workable. You could also look at the 6E contract order flow and trade the eur/usd spot (as the former follow the latter.

Reply With Quote
  #2274 (permalink)
 aaaaaa225 
las vegas nevada usa
 
Experience: Master
Platform: white tape
Trading: oil
Posts: 62 since Dec 2012
Thanks Given: 4
Thanks Received: 8


dom64 View Post
Which part of the Futures EUR/USD contract follows the EUR/USD sport rate is unclear? What makes it move? The fact that it follows the spot. If you follow a car in the street, what makes you go left or right? The car you are following does! It is the same here, and the 6E Futures contract has its own regulated exchange, the CME, and its own recorded official exchanged volume. There is nothing more to know or understand and order flow is order flow. I have been trading the 6E Futures Order flow for years and trust me it is very workable. You could also look at the 6E contract order flow and trade the eur/usd spot (as the former follow the latter.

Im running out of ways to ask my question. What makes m6e follow 6e? And im not looking for defentions of exhanges or futures contracts. Thanks.

Reply With Quote
  #2275 (permalink)
 
Sazon's Avatar
 Sazon 
Roswell, GA
 
Experience: Advanced
Platform: NinjaTrader
Trading: Futures
Posts: 238 since Feb 2013
Thanks Given: 930
Thanks Received: 472


aaaaaa225 View Post
Im running out of ways to ask my question. What makes m6e follow 6e? And im not looking for defentions of exhanges or futures contracts. Thanks.

Why don't you try "googling it" instead of asking to be spoon fed?

Reply With Quote
  #2276 (permalink)
 aaaaaa225 
las vegas nevada usa
 
Experience: Master
Platform: white tape
Trading: oil
Posts: 62 since Dec 2012
Thanks Given: 4
Thanks Received: 8


Sazon View Post
Why don't you try "googling it" instead of asking to be spoon fed?

I have googled it and i dont know why people are waisting there time giving me definitions of a futres contracts ect. No one knows the answer to this but the people who work at the cme im guessing.

And it makes me happy that traders i see here dont think that this a important question. Ill try calling the cme.

Reply With Quote
  #2277 (permalink)
 dom64 
London, UK
 
Experience: Master
Platform: sierra chart, Jigsaw Trading, Bookmap
Trading: 6E futures, Cable
Posts: 93 since Aug 2012

Sorry, I give up, I am running ouf of ways to explain the same thing to the same question, which does not even really matter in the 1st place quite frankly. Does it really matter how it technically does follow the spot? It just does, that's the way it is, values are slightly different as it is not the spot but a future contract on the spot, which becomes the spot, i.e, matches spot bid/ask upon contract delivery.

Why would one want to know exactly how this is done? Do you think there is something secret or magical about to find out that thousands of very competent financial institutions who trade future contracts have not seen/do not know yet? It follows the spot value (EQUALS =) initially, and this is all there is to know. I think that any other revelation about the subject will not be found here, not matter how many times the question gets asked.

Please let us know what the CME's explanation is, can't wait..

Reply With Quote
  #2278 (permalink)
 aaaaaa225 
las vegas nevada usa
 
Experience: Master
Platform: white tape
Trading: oil
Posts: 62 since Dec 2012
Thanks Given: 4
Thanks Received: 8


dom64 View Post
Sorry, I give up, I am running ouf of ways to explain the same thing to the same question, which does not even really matter in the 1st place quite frankly. Does it really matter how it technically does follow the spot? It just does, that's the way it is, values are slightly different as it is not the spot but a future contract on the spot, which becomes the spot, i.e, matches spot bid/ask upon contract delivery.

Why would one want to know exactly how this is done? Do you think there is something secret or magical about to find out that thousands of very competent financial institutions who trade future contracts have not seen/do not know yet? It follows the spot value (EQUALS =) initially, and this is all there is to know. I think that any other revelation about the subject will not be found here, not matter how many times the question gets asked.

Please let us know what the CME's explanation is, can't wait..

Im not trying to find a secret just a simple question really.

Reply With Quote
Thanked by:
  #2279 (permalink)
 dom64 
London, UK
 
Experience: Master
Platform: sierra chart, Jigsaw Trading, Bookmap
Trading: 6E futures, Cable
Posts: 93 since Aug 2012


aaaaaa225 View Post
Im not trying to find a secret just a simple question really.

and so is the aswer!!!! I don't know what answer you are expecting but to keep asking it won't change the aswer. What makes a hulan created instrument to be traded on the markets to follow another human created financial instrument to be traded on the market, well you just make it follow the same values as the other one, with some slightly different values as it is a different instrument..

Reply With Quote
  #2280 (permalink)
 dom64 
London, UK
 
Experience: Master
Platform: sierra chart, Jigsaw Trading, Bookmap
Trading: 6E futures, Cable
Posts: 93 since Aug 2012


and I guess the real answer to your question is : Arbitragers do..

Reply With Quote




Last Updated on January 27, 2024


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts