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M6E and volume for beginners
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M6E and volume for beginners

  #31 (permalink)
 
 
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Tymbeline View Post

Wishing you a fast and full recovery from your chest infection. (Antibiotics don't help flu, which is viral. But stay very well-hydrated: many people don't appreciate the extent to which infection-symptoms are caused/aggravated by the dehydration arising from fever perspiration.)

Cheers, yes your right the old cold/flu virus definition Its bacterial, I'm just not accustomed to dubbing a 104 F temperature a 'cold'. I'm Irish and moved to Colombia from Bath so I know exactly what you mean. I have to start this today:
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"TERMINDOL" !? I used to help run a charity pediatric hospice in Asia and we would not have had a drug with such a worrying name lying about.. sounds like it should be stocked next to Euthanol at the vets! Its just a Colombian pharma generic re-brand but not ideal in English, words & terms again

Back on subject, yes I won't say liquidity is not a problem, if there are big holes in a tick/volume/minute etc chart, go higher and re-plan, always only trade when its trade-able etc. I want my new guy to experience respectable slippage anyway as for me he will be trading 10-50 lots on the ES etc. in due time. Knowing how to work with slippage is a skill worth learning early. I just wish he could decide between being named 'Egore' or 'Igore'

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  #32 (permalink)
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Rory View Post
sounds like it should be stocked next to Euthanol at the vets!

It does, indeed.

Known as "Nimesulide" over here; similar to ibuprofen (Nurofen) and diclofenac (Voltarol) but perhaps a better anti-pyretic, which you'd want, with a temperature of 104F (known as "40C", over here). Good luck - keep cool!

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  #33 (permalink)
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Reserve Bank of India has given indian exchanges from 10.12.15 permission to offer EUR/USD,GBP/USD and USD/JPY futures with contract size 1000(EUR,GBP and USD) And for sure the liquidity will be much higher on indian exchanges then on CME by M6E . But we cant trade only Qualified Foreign Investors


Last edited by Obelixtrader; January 2nd, 2016 at 11:28 AM.
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  #34 (permalink)
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Thanks, that's interesting to know. Did you find it limiting having to trade on one instrument (ie lack of set ups)?

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  #35 (permalink)
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tturner86 View Post
I would not scalp M6E. There isn't enough volume to be able to execute any order even if it is a limit order. And you can't use a limit for a stop loss.

Odds are you will not be filled anywhere near what you were expecting live. Hence the reason I said it is better to swing M6E because then entry and exit doesn't matter as much. If I slip 6 ticks on an exit for a swing that is up 100 ticks, that slippage isn't going to hurt.

Good point, what you say makes plenty of sense. Scalping the M6E makes no sense due to commission costs and low volume.

However, it's good for swing trading - my only concern would be that it would be a bit like watching paint dry (whilst you waited for set ups to occur).

I don't think that this would taken with micro spot forex.

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  #36 (permalink)
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If you want to trade the M6E, you should always use the 6E for charting and enter the trade with Limit-orders.

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  #37 (permalink)
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tr8er View Post
If you want to trade the M6E, you should always use the 6E for charting and enter the trade with Limit-orders.

I take it you'd be advising that we swing trade rather than scalp using limit orders?

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  #38 (permalink)
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kazz View Post
Good point, what you say makes plenty of sense. Scalping the M6E makes no sense due to commission costs and low volume.

However, it's good for swing trading - my only concern would be that it would be a bit like watching paint dry (whilst you waited for set ups to occur).

I don't think that this would taken with micro spot forex.

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I would swing it on multi-day time frames.

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  #39 (permalink)
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tturner86 View Post
I would swing it on multi-day time frames.

Thanks but sorry I don't understand what you mean when you say that you'd use multi-day time frames? Is this daily or weekly? Thanks.

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  #40 (permalink)
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kazz View Post
Thanks but sorry I don't understand what you mean when you say that you'd use multi-day time frames? Is this daily or weekly? Thanks.

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I would look for trades that are on a daily to weekly timeframe. Holding through multiple days. That way you are not watching paint dry. Look at the close of the day and see if trade still makes sense,

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