Fundaments for currency futures - Currency Futures | futures trading

Go Back

> Futures Trading, News, Charts and Platforms > Traders Hideout > Currency Futures

Fundaments for currency futures
Started:January 19th, 2013 (07:26 AM) by Eubie Views / Replies:536 / 5
Last Reply:February 5th, 2013 (08:39 AM) Attachments:0

Welcome to

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

Thread Tools Search this Thread

Fundaments for currency futures

Old January 19th, 2013, 07:26 AM   #1 (permalink)
Elite Member
Prague, Czech republic
Futures Experience: Beginner
Platform: NinjaTrader/ZF
Favorite Futures: ES, TF
Posts: 79 since Jul 2010
Thanks: 41 given, 34 received

Fundaments for currency futures

Hello guys,

I would like to ask a simple question: what do you see as fundametal information for currencies trading that can be monitored intraday (hence omitting things like news which are one-off events)?

For the S&P futures one can have the market internals plotted. Im not assuming that having market internals on my hand, I can "predict" the market, on the other hand the internals should be pieces of information somehow relevant (fundamental) to the development of the S&P price (more relevant than e.g. Ugandian rainfall).

What is of similar nature with respect to the currency futures? The only thing I know of would be the US dollar index (DX) but that's all. Any input is much appreciated.

Many thanks,

Reply With Quote

Old January 19th, 2013, 07:26 AM   #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.


Old January 19th, 2013, 09:58 AM   #3 (permalink)
Elite Member
Dartmouth NS
Futures Experience: Intermediate
Platform: MC, MC.Net, NT, TWS
Broker/Data: IB / IQFeed / Kids
Favorite Futures: Forex, stocks
bnichols's Avatar
Posts: 638 since Feb 2010
Thanks: 64 given, 457 received

It may be a matter of time frame but after trading currencies relatively short time frame (200-1800 tick) from technicals for a few years now, aside from noting when news is scheduled I no longer pay attention to e.g. the dollar index or any other index or instrument other than the one I'm trading (let alone subscribe to any news service or pay attention to media's interpretation of the state of various economies).

The issue(s) for me were first, fundamentals (as they are reported or inferred from e.g. the dollar index) are correlated until they cease to be correlated--trick is determined which is which--and as you may be suggesting, just like news and economic opinion it introduced an unwarranted bias in my interpretation of price action, and moreover my interpretation often enough seemed the oposite of the currency market's interpretation.

Regarding 2nd opinons in general, while I admit there is some satisfaction in watching indices move in and out of correlation, like learning a news service's explanation after the fact of why a trend is (or was) in place, satisfying my curiosity doesn't help my trading; overall rather than suffer the distraction of something else to watch these days I try to focus soley on what price is doing in order to estimate the probability of what it might do next.

Last edited by bnichols; January 19th, 2013 at 10:10 AM.
Reply With Quote
The following 3 users say Thank You to bnichols for this post:

Old January 31st, 2013, 12:29 PM   #4 (permalink)
Elite Member
london uk
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: Stocks
tellytub's Avatar
Posts: 409 since Jun 2009
Thanks: 333 given, 117 received

Why would people trade Forex when someone can trade 6E, 6B 6C etc?

Reply With Quote

Old February 4th, 2013, 11:41 PM   #5 (permalink)
Elite Member
Cleveland Ohio/United States
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
Posts: 2,178 since Jul 2012
Thanks: 999 given, 3,938 received

Futures Edge on FIO

What happens to the S&P 500 when a new President takes office?


tellytub View Post
Why would people trade Forex when someone can trade 6E, 6B 6C etc?

Micro and mini lots in forex can help in position sizing techniques, since to jump from 1 contract of 6E to 2 is a big leap. With forex, you could go from 1 lot to 1.1 lots, 1.2 lots, etc.

Overall cost (commission, slippage, spread) may be cheaper, too.

Reply With Quote

Old February 5th, 2013, 08:39 AM   #6 (permalink)
Elite Member
Georgia, US
Futures Experience: None
Platform: Various
Favorite Futures: Various
josh's Avatar
Posts: 4,898 since Jan 2011
Thanks: 5,143 given, 11,193 received

Eubie View Post
What is of similar nature with respect to the currency futures? The only thing I know of would be the US dollar index (DX) but that's all. Any input is much appreciated.

Even the DX doesn't really tell you anything other than give a composite of USD strength. I would find it more interesting to watch the dollar vs. other currencies directly. Is the euro beating the dollar, but the aussie not, for example? Is the dollar strong across the board against euro, gbp, yen, etc? If so, a long dollar position might be more attractive than if otherwise. Also, you might consider looking at stock indexes; a strong euro and a strong DAX or stoxx 50 might give more conviction for a short dollar position, versus if DAX showed risk off and euro showed risk on, for example.

Reply With Quote
The following user says Thank You to josh for this post:

Reply > Futures Trading, News, Charts and Platforms > Traders Hideout > Currency Futures > Fundaments for currency futures

Thread Tools Search this Thread
Search this Thread:

Advanced Search

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

An Afternoon with FIO trader bobwest

Elite only

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
Currency Futures patbateman Currency Futures 6 October 26th, 2012 12:59 PM
Currency Futures Strangle Question Presto Options on Futures 1 September 10th, 2011 06:32 PM
IB Trading Currency Futures Massive l Currency Futures 38 July 15th, 2011 11:30 AM
Is Volume data in Currency Futures Important? drago1 Currency Futures 5 December 11th, 2010 05:08 AM
Trading Currency Futures vs. Spot suchen Traders Hideout 3 December 9th, 2009 11:39 AM

All times are GMT -4. The time now is 05:32 PM.

Copyright © 2016 by 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 2016-10-22 in 0.09 seconds with 19 queries on phoenix via your IP