Sunday, January 24, 2010

Monday 01/25/2010 - Key Support/Resistance Levels (Euro FX Futures)

Euro FX (EUR/USD) Futures
I've started looking into the Euro FX Futures. The symbol for this contract is @EC in TradeStation and 6E (6EH0) in Infinity AT. I've just started studying this market so I'd appreciate any insights anyone provide about this instrument. Please post your experience and insights in the Comments section. If you have detailed insights you'd like to share, I could even add it to the Blog under it's own post.

Econ Data
EUR German GfK Consumer Confidence Survey at 1:00 AM (cst) and Existing Home Sales at 9:00 AM (cst).

6E - Daily Chart with Volume Profile and Key Levels

3 comments:

  1. The EC is 12.50 a pip/tick for the smaller players you can play the mini contract which is @E7 on tradestation, just FYI. When trading the EC you want to watch @DX and the EURUSD, they are all correlated.

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  2. I only trade es, 6E, and 6B...the 6E in particular is a very technical market and respects its fib retracement levels to the tick...I like trading the currency market much better than es because of the larger moves...the currency markets have a 2008 S&P 500 crash every year...look at the recent move in the euro, 1100 pips in just over a month...at 12.50 per pip it is like the es moving 275 points...the euro easily moves 100 to 200 pips every night and the market is extremely liquid at all hours...hope this helps

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  3. Yep, I'm really liking the volatility in 6E!

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