Dood this is a great thread to breathe some life into Futures on this forum. you can trade currencies on futures so this is legit here. way cheaper and more professional to trade currencies on futures.
currencies move much more differently than equities. if you are trading dax, stoxx, s&p you can watch eurjpy, gbpjpy, gbpusd for correlation. many times you'll get the breakout on s&p during US session and make money on dax or stoxx with small stoploss. equities trade in a much tighter range while currencies whip around knocking out stops from the banks' perspective. banks can see all of the stops and move the market easily in currencies cause banks own the market. equity futures are awsome. they trade in a tight trend. it's not the country club mentality.
i am trying some new things. i've only been learning futures for one month so if you caught the bug like me then get familiar and you'll be running in no time. what i'm doing now is taking direction on the stoxx+dax+s&p. if we have trend confirmed by all then i look to GBPUSD or EURJPY and get in on wild bank spike and ride it back down where it should be. all banks know currencies spike like crazy. that is why their stops don't activate until close of candle. there is too much noise/hardship in currencies. the way to capitalize on this is to trade like i mention. take volatility into your favor. banks know that previous 30 pip spike means nothing so why not trade with them than against them.
that's just one thing i'm working on. volume shows some other interesting stuff too.
currencies move much more differently than equities. if you are trading dax, stoxx, s&p you can watch eurjpy, gbpjpy, gbpusd for correlation. many times you'll get the breakout on s&p during US session and make money on dax or stoxx with small stoploss. equities trade in a much tighter range while currencies whip around knocking out stops from the banks' perspective. banks can see all of the stops and move the market easily in currencies cause banks own the market. equity futures are awsome. they trade in a tight trend. it's not the country club mentality.
i am trying some new things. i've only been learning futures for one month so if you caught the bug like me then get familiar and you'll be running in no time. what i'm doing now is taking direction on the stoxx+dax+s&p. if we have trend confirmed by all then i look to GBPUSD or EURJPY and get in on wild bank spike and ride it back down where it should be. all banks know currencies spike like crazy. that is why their stops don't activate until close of candle. there is too much noise/hardship in currencies. the way to capitalize on this is to trade like i mention. take volatility into your favor. banks know that previous 30 pip spike means nothing so why not trade with them than against them.
that's just one thing i'm working on. volume shows some other interesting stuff too.
It really is that easy.
Dood this is a great thread to breathe some life into Futures on this forum. you can trade currencies on futures so this is legit here. way cheaper and more professional to trade currencies on futures.
currencies move much more differently than equities. if you are trading dax, stoxx, s&p you can watch eurjpy, gbpjpy, gbpusd for correlation. many times you'll get the breakout on s&p during US session and make money on dax or stoxx with small stoploss. equities trade in a much tighter range while currencies whip around knocking out stops from the banks' perspective. banks can see all of the stops and move the market easily in currencies cause banks own the market. equity futures are awsome. they trade in a tight trend. it's not the country club mentality.
i am trying some new things. i've only been learning futures for one month so if you caught the bug like me then get familiar and you'll be running in no time. what i'm doing now is taking direction on the stoxx+dax+s&p. if we have trend confirmed by all then i look to GBPUSD or EURJPY and get in on wild bank spike and ride it back down where it should be. all banks know currencies spike like crazy. that is why their stops don't activate until close of candle. there is too much noise/hardship in currencies. the way to capitalize on this is to trade like i mention. take volatility into your favor. banks know that previous 30 pip spike means nothing so why not trade with them than against them.
that's just one thing i'm working on. volume shows some other interesting stuff too.
