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Trading mini euro ( E7) or micro euro (M6E) currency futures ???
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Trading mini euro ( E7) or micro euro (M6E) currency futures ???

  #101 (permalink)
Trading Apprentice
Adelaide South Australia
 
Futures Experience: Intermediate
Platform: Multicharts, MT4
Broker/Data: AMP Clearing - CQG
Favorite Futures: AUD/USD, GBP/USD, M6A, M6B
 
Posts: 3 since Mar 2015
Thanks: 55 given, 3 received


sledmt View Post
Curious, what times are you trading these futures at? Have you tried trading M6E? I had the impression that M6E has more volume when compared to M6A and M6B.

I trade from just after London open up to NY open. 6pm to 10pm local time.

I am just not keen on trading the Euro. Like most forex starters, I did trade the euro a lot, but found I had no "connection" to it. I was not up with the European fundamentals and news influences. Once I concentrated on my local currancy - AUD/USD - my results improved.

I find the mico GBP future (M6B) good for trading the (sometimes) big trend after the London open.

I really have no trouble getting fills on the micros. While there are lots of bids and offers on the DOM, most are just from bots, so they are not much indication, however they do provide fills.

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  #102 (permalink)
Elite Member
Austin, TX
 
Futures Experience: Intermediate
Platform: F-16CM-50
Favorite Futures: JDAM
 
tturner86's Avatar
 
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sledmt View Post
Thanks for your insight.

So I can assume that based on your trading system, the lower volume of E7 and M6E is not a problem?

No, not really. There is naturally slippage and sometimes it may take a bit longer to get filled. But that has actually taught me patience. It has also taught me to not scalp out on good trades. With M6E its about 5 ticks for B/E so you don't really want to be scalping.

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  #103 (permalink)
Market Wizard
Bamberg, Germany
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: IB, SierraCharts data
Favorite Futures: mini FDAX, ES, GC
 
Posts: 924 since Oct 2014
Thanks: 10,757 given, 2,006 received
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tturner86 View Post
No, not really. There is naturally slippage and sometimes it may take a bit longer to get filled. But that has actually taught me patience. It has also taught me to not scalp out on good trades. With M6E its about 5 ticks for B/E so you don't really want to be scalping.

second that! I traded the E7 for a while and finally moved over to the M6e simply because I wanted smaller size...the E7 takes a while to fill. The m6e is not too bad. But in general when your targets require a few hours or days to hit then the slippage & fills don't really matter.

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  #104 (permalink)
Trading for Fun
Kalispell montana
 
Futures Experience: Beginner
Platform: ninjatrader
Favorite Futures: es
 
Posts: 158 since Jan 2015
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JohnS View Post
second that! I traded the E7 for a while and finally moved over to the M6e simply because I wanted smaller size...the E7 takes a while to fill. The m6e is not too bad. But in general when your targets require a few hours or days to hit then the slippage & fills don't really matter.

Good point.

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  #105 (permalink)
Elite Member
Oregon
 
Futures Experience: Beginner
Platform: Sierra Chart
Favorite Futures: ES
 
Stillgreen's Avatar
 
Posts: 190 since May 2014
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M6E--FT71 Video

For those, like me, trying out M6E, here's a great video from FT71 :

June 12th Webinar @ CME Group: Exploring FX Futures Using CME E-Micros - Trading Live | FuturesTrader71

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  #106 (permalink)
Trading for Fun
croatia
 
Futures Experience: Advanced
Platform: sierra
Favorite Futures: TF,GC,CL
 
inverter's Avatar
 
Posts: 111 since May 2014
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hy..good trading mini eur. the liquid for day trade..samo not stop preblizu..15 tick a little stop. and should be done at least 2-4 lot.

I'll put the picture chart when I get there .. Regards

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  #107 (permalink)
Membership Temporarily Revoked
New Jersey
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: ES,CL,
 
Posts: 36 since Jan 2016
Thanks: 10 given, 2 received

What are the total costs for each M6E trade?

I am not merely referring to commissions , but brokerage too.

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  #108 (permalink)
Elite Member
Slovakia
 
Futures Experience: Intermediate
Platform: Ninjatrader
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Posts: 112 since Aug 2009
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AshleyQueenTrader View Post
What are the total costs for each M6E trade?

I am not merely referring to commissions , but brokerage too.

By IB total costs for 1 RT are 0,64 USD.

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  #109 (permalink)
Membership Temporarily Revoked
New Jersey
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: ES,CL,
 
Posts: 36 since Jan 2016
Thanks: 10 given, 2 received

My broker recently informed me that the total cost for trading M6E is $5.00 (this includes commissions and brokerage)...

Why is the brokerage cost so expensive for such a tiny contract??? I am charged less to trade ES & CL!!!
@Big Mike @Jura


Last edited by AshleyQueenTrader; February 11th, 2016 at 03:31 PM. Reason: mentions
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  #110 (permalink)
Membership Temporarily Revoked
New Jersey
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: ES,CL,
 
Posts: 36 since Jan 2016
Thanks: 10 given, 2 received



Obelixtrader View Post
By IB total costs for 1 RT are 0,64 USD.


Really? and what is the minimum account size at IB?

do they have free trading platforms?

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