Trading mini euro ( E7) or micro euro (M6E) currency futures ??? - Currency Futures | futures.io
futures io futures trading


Trading mini euro ( E7) or micro euro (M6E) currency futures ???
Started: by rw48gmx Views / Replies:41,877 / 111
Last Reply: Attachments:13

Welcome to futures io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • 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, and we will never resell your private information.

-- Big Mike

Reply
 13  
 
Thread Tools Search this Thread
 

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

  #31 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,804 since Jun 2009
Thanks: 29,097 given, 81,382 received


Linds View Post
I have been looking at E7 as an option for position sizing flexibility for my 6E trading. But it is very clear just from the volumes and spreads I have observed on E7 tonight that it will give very poor fills and most likely kill any edge on a low t/f method.

Daily Volumes as I write:

6E 85300
E7 1860

Spread on the E7 is generally 2, often 3 but spikes to up to 8 at times...unacceptable - and this is the London session.

L

Yikes, definitely seems untradeable at those levels. M6E is the better choice it seems as an alternative, half the size of the E7 I think.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #32 (permalink)
Elite Member
Oz
 
Futures Experience: Intermediate
Platform: NT, MT4
Broker/Data: Mirus/Zen, GOMarkets
Favorite Futures: YM, 6B, forex
 
Linds's Avatar
 
Posts: 259 since Jul 2010
Thanks: 317 given, 259 received

Unfortunately Mirus dont offer M6E
1 will look into using spot forex Euro through a good local broker as the execution platform..spread is around 1.5---not great but a lot better than E7

L

Reply With Quote
 
  #33 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,804 since Jun 2009
Thanks: 29,097 given, 81,382 received



Linds View Post
Unfortunately Mirus dont offer M6E
1 will look into using spot forex Euro through a good local broker as the execution platform..spread is around 1.5---not great but a lot better than E7

L

Are you sure? It's on their website...

http://www.mirusfutures.com/brokerage_services/commissions/available_contract_details

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #34 (permalink)
Elite Member
Oz
 
Futures Experience: Intermediate
Platform: NT, MT4
Broker/Data: Mirus/Zen, GOMarkets
Favorite Futures: YM, 6B, forex
 
Linds's Avatar
 
Posts: 259 since Jul 2010
Thanks: 317 given, 259 received

Yep confirmed directly yesterday by Tony.

"Lindsay,

Our clearing firms do not offer the M6E as a product. You should look into the E7 as an alternative. The cost for the currency contract would be around $4.74 a round turn"


L

Reply With Quote
 
  #35 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,804 since Jun 2009
Thanks: 29,097 given, 81,382 received

Futures Edge on FIO

Linds View Post
Yep confirmed directly yesterday by Tony.

"Lindsay,

Our clearing firms do not offer the M6E as a product. You should look into the E7 as an alternative. The cost for the currency contract would be around $4.74 a round turn"


L

Hmmm... then why is it on their website?

I'm going to shoot an email to Eliot just to make sure, I am curious now.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #36 (permalink)
Elite Member
Czech Republic
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: E7, M6E
 
petrmac's Avatar
 
Posts: 174 since Jun 2011
Thanks: 275 given, 206 received

Mirus offers M6E, just write them an email. I did.

But the lag behind 6E makes it untradeable.

Reply With Quote
 
  #37 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,804 since Jun 2009
Thanks: 29,097 given, 81,382 received


petrmac View Post
But the lag behind 6E makes it untradeable.

I've never heard that from anyone else before.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #38 (permalink)
Elite Member
Des Moines, Iowa
 
Futures Experience: None
Platform: Ninja, TOS
Broker/Data: AMP/CQG, TOS
Favorite Futures: CL, TF, GC
 
madLyfe's Avatar
 
Posts: 1,638 since Feb 2011
Thanks: 9,214 given, 1,008 received


Big Mike View Post
I've never heard that from anyone else before.

Mike

i can see how it would be not very easy to trade if scalping.. to make it worth while you would need to be in the market for 20pt moves and greater..

dont believe anything you hear and only half of what you see

\_(ツ)_/

(╯□)╯︵ ┻━┻
Reply With Quote
 
  #39 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,804 since Jun 2009
Thanks: 29,097 given, 81,382 received


madLyfe View Post
i can see how it would be not very easy to trade if scalping.. to make it worth while you would need to be in the market for 20pt moves and greater..

There is a greater spread. You pay a price for everything, in this case you are paying a price for lower $/tick. But lag behind the 6E? I don't think so. Would be arb all over that if it were the case, to the point where it is no longer true.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #40 (permalink)
Elite Member
Des Moines, Iowa
 
Futures Experience: None
Platform: Ninja, TOS
Broker/Data: AMP/CQG, TOS
Favorite Futures: CL, TF, GC
 
madLyfe's Avatar
 
Posts: 1,638 since Feb 2011
Thanks: 9,214 given, 1,008 received



Big Mike View Post
There is a greater spread. You pay a price for everything, in this case you are paying a price for lower $/tick. But lag behind the 6E? I don't think so. Would be arb all over that if it were the case, to the point where it is no longer true.

Mike

yes correct, it doesnt 'lag' behind.. its kinda like trading the DX when watching the DXY or the inverse of eur/usd.. on a side note, thats was one cool feature of TOS is that you can put a '-' infront of whatever symbol you are trading and it will inverse the chart so you can have everything going the same direction in opposite markets instead of having to wrap your head around 'this is going up, this should be going down'.. helps for quick at a glance viewing..

dont believe anything you hear and only half of what you see

\_(ツ)_/

(╯□)╯︵ ┻━┻
Reply With Quote

Reply



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

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

Spring Grains Outlook w/Sean Lusk @ Walsh Trading

Elite only

FIO Video Journal Challenge featuring NinjaTrader ($2,000+ of prizes)

April

Process above all else w/Anthony Crudele @ Futures Radio Show

Elite only

Machine Learning - Quantitative Trading w/Martin Froehler @ Quantiacs

Elite only

Market Dynamics w/Peter Davies @ Jigsaw Trading

Elite only

Ask Me Anything w/Patrick Rooney @ Trading Technologies

Apr 18

Ask Me Anything w/FuturesTrader71

Apr 19

Machine Learning w/Kris Longmore

Elite only

Market Analysis w/Dave Forss

Apr 25

Introducing iSystems with Stage 5 Trading

Apr 27
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Trading the Euro futures ckait The Elite Circle 3 March 22nd, 2011 08:28 AM
Japan to Buy Euro Zone Debt, Little Relief for Euro Quick Summary News and Current Events 0 January 11th, 2011 02:30 AM
Zen-Fire and NinjaTrader, getting E7 (mini Euro). zwentz Brokers and Data Feeds 4 July 20th, 2010 06:05 PM
E7 Euro live data for ninja 6.5 request ceramictilepro Brokers and Data Feeds 2 June 7th, 2010 04:22 AM
Euro Dip 'Welcome', No Euro Zone Recession: OECD Quick Summary News and Current Events 0 May 26th, 2010 04:10 AM


All times are GMT -4. The time now is 07:48 PM.

no new posts
Page generated 2017-03-28 in 0.13 seconds with 20 queries on phoenix via your IP 54.204.253.227