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some questions about the 6e
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some questions about the 6e

  #1 (permalink)
Elite Member
haifa israel
 
Futures Experience: Intermediate
Platform: TA
Favorite Futures: ES
 
Posts: 45 since Apr 2011
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some questions about the 6e

hi

I'm doing my first steps on the 6E futures market
and I wanted to ask some basic questions about it if possible hoping for some good will out there

1. when does 6e begin and when does it end - what are the RTH. when is the close of the trading day? when is the open?
2. which are the most volatile times, what are the best time to trade in your opinion?
3. does it respect gap close like the ES does?
4. what are in general the s/r levels? yesterday close/high/low?? - value area low/high or poc maybe?? any other s/r lines?
5. what are the announcements (numbers) that move this market - that I should be aware of? are there certain time for them - where do I look for them?
6. any specific turning times - like 11:30 am in the ES when lunch break starts and so on?
7. any other tips or thoughts that you think will help??

I thank you all very much in advance

El

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  #2 (permalink)
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  #3 (permalink)
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Berlin, Europe
 
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ebdvi View Post
hi

I'm doing my first steps on the 6E futures market
and I wanted to ask some basic questions about it if possible hoping for some good will out there

1. when does 6e begin and when does it end - what are the RTH. when is the close of the trading day? when is the open?
2. which are the most volatile times, what are the best time to trade in your opinion?
3. does it respect gap close like the ES does?
4. what are in general the s/r levels? yesterday close/high/low?? - value area low/high or poc maybe?? any other s/r lines?
5. what are the announcements (numbers) that move this market - that I should be aware of? are there certain time for them - where do I look for them?
6. any specific turning times - like 11:30 am in the ES when lunch break starts and so on?
7. any other tips or thoughts that you think will help??

I thank you all very much in advance

El

1. For the trading times of 6E, please look up contract specifications at the CMEGroup website.

http://www.cmegroup.com/trading/fx/g10/euro-fx_contract_specifications.html

Trading Hours GLOBEX (ETH) Sundays: 5:00 p.m. – 4:00 p.m. Central Time (CT) next day. Monday – Friday: 5:00 p.m. – 4:00 p.m. CT the next day, except on Friday - closes at 4:00 p.m. and reopens Sunday at 5:00 p.m. CT.
OPEN OUTCRY (RTH) 7:20 a.m.-2:00 p.m.


RTH is less important for FOREX instruments compared to index futures.

2. See thread as per link below.

https://futures.io/elite-circle/5242-intraday-seasonality-volatility-when-trade-when-not-trade.html#post58611

3. No, see chart below.

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4. Round numbers, highs and lows of prior days, fibonacci levels

5. See news releases here

Forex Calendar @ Forex Factory

6. No

7. Look at daily noise bands and daily ranges

https://futures.io/download/ninjatrader-7/indicators/371-download.html

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  #4 (permalink)
Elite Member
haifa israel
 
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thanks to FT & another thing

Fat Tail you are great!

how about the value area high and low, the poc and the VWAP. does the 6E respect them? is TPO value area better then volume value area here??

on the forex factory site, which are the important numbers, the EUR or the USD or both?

thanks again
El


Last edited by ebdvi; October 11th, 2013 at 07:17 AM.
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  #5 (permalink)
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ebdvi View Post
Fat Tail you are great!

how about the value area high and low, the poc and the VWAP. does the 6E respect them? is TPO value area better then volume value area here??

on the forex factory site, which are the important numbers, the EUR or the USD or both?

thanks again
El

You can certainly set up a market profile for the entire trading day and/ or the US session. VWAP and market profile are always relevant, if properly used, as they help you to identify the trading day and overbought or oversold levels.


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Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

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  #6 (permalink)
Market Wizard
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Thanks @Fat Tails for the insight in the best trading times.
Just out of curiosity: you made these findings here public in 2010. Do you think these mentioned times during a
trading day / weekday are still valid for Forex, ES etc.?
If so - there are some basic trading patterns to put fundamental over a longer time horizon.

GFIs1

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  #7 (permalink)
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Tampa, FL
 
Futures Experience: Beginner
Platform: NinjaTrader, Sierra Chart
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Favorite Futures: 6E, M6E, 6J
 
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ebdvi View Post
hi

I'm doing my first steps on the 6E futures market
and I wanted to ask some basic questions about it if possible hoping for some good will out there

1. when does 6e begin and when does it end - what are the RTH. when is the close of the trading day? when is the open?
2. which are the most volatile times, what are the best time to trade in your opinion?
3. does it respect gap close like the ES does?
4. what are in general the s/r levels? yesterday close/high/low?? - value area low/high or poc maybe?? any other s/r lines?
5. what are the announcements (numbers) that move this market - that I should be aware of? are there certain time for them - where do I look for them?
6. any specific turning times - like 11:30 am in the ES when lunch break starts and so on?
7. any other tips or thoughts that you think will help??

I thank you all very much in advance

El


Fat Tails View Post
1. For the trading times of 6E, please look up contract specifications at the CMEGroup website.

http://www.cmegroup.com/trading/fx/g10/euro-fx_contract_specifications.html

Trading Hours GLOBEX (ETH) Sundays: 5:00 p.m. – 4:00 p.m. Central Time (CT) next day. Monday – Friday: 5:00 p.m. – 4:00 p.m. CT the next day, except on Friday - closes at 4:00 p.m. and reopens Sunday at 5:00 p.m. CT.
OPEN OUTCRY (RTH) 7:20 a.m.-2:00 p.m.


RTH is less important for FOREX instruments compared to index futures.

2. See thread as per link below.

https://futures.io/elite-circle/5242-intraday-seasonality-volatility-when-trade-when-not-trade.html#post58611

3. No, see chart below.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


4. Round numbers, highs and lows of prior days, fibonacci levels

5. See news releases here

Forex Calendar @ Forex Factory

6. No

7. Look at daily noise bands and daily ranges

https://futures.io/download/ninjatrader-7/indicators/371-download.html

6. Actually take a look at this spreadsheet I am working on....there are certain hours where the major turning times happen (times are EST) https://futures.io/elite-circle/20164-master-homework-statistics-thread-37.html#post361831

7. Great tool great advice


Fat Tails View Post
You can certainly set up a market profile for the entire trading day and/ or the US session. VWAP and market profile are always relevant, if properly used, as they help you to identify the trading day and overbought or oversold levels.


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Also look for composite profile LVN's for multi-day balance zones(Cyan profiles). The euro likes to rotate around these levels(usually 20 ticks or so). In this chart I haven't drawn new levels (LVN SR levels) for a few weeks because they keep being respected. We are currently in a nice balance zone dating back to 9/18.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

London Calling
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  #8 (permalink)
Elite Member
haifa israel
 
Futures Experience: Intermediate
Platform: TA
Favorite Futures: ES
 
Posts: 45 since Apr 2011
Thanks: 16 given, 2 received

about value area in 6e

Fat tail - or anybody else
I trade the ES watching GOM MP volume and analyzing the trading day off this chart. the time setting is from open to close that is 9:30 - 16:15 EST.
what would be the equivalent time setting on the 6e???
thank a lot
Eli

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  #9 (permalink)
Elite Member
Tampa, FL
 
Futures Experience: Beginner
Platform: NinjaTrader, Sierra Chart
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: 6E, M6E, 6J
 
Xav1029's Avatar
 
Posts: 1,374 since Dec 2011
Thanks: 1,452 given, 3,354 received


ebdvi View Post
Fat tail - or anybody else
I trade the ES watching GOM MP volume and analyzing the trading day off this chart. the time setting is from open to close that is 9:30 - 16:15 EST.
what would be the equivalent time setting on the 6e???
thank a lot
Eli

The standard seems to be ETH (6pm-5pm EST) for the 6E due to the high volume and movement during the ON and Frankfurt/London sessions.

London Calling
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  #10 (permalink)
Site Administrator
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Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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ebdvi View Post
Fat tail - or anybody else
I trade the ES watching GOM MP volume and analyzing the trading day off this chart. the time setting is from open to close that is 9:30 - 16:15 EST.
what would be the equivalent time setting on the 6e???
thank a lot
Eli

There was a discussion about this in the main profile thread a few months ago

https://futures.io/elite-circle/26322-volume-profile-market-profile-snapshot-indicator.html

Mike

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