EURUSD

Get out of the retail Pretend FX World/

CME E-Micro FX On exchange for real currency trading.

http://www.cmegroup.com/trading/fx/f...-e-micros.html

I trade them everyday and have none of the typical " Freak Show " retail spot fx broker shame.

eur/usd daily

Great to See the Master IRON MAN out here in this thread wants your comment brother on EU???

Although 3062 hasnt been hit, 3035 is good enough to push it north...I hope every1 have had good trades today

there might also be a good opportunity in usdjpy to short on its retracement. (hit n run ).

micro volume on the micros

I have been trading retail spot forex for 9 years and never experienced any "freak Show" problems. It is not an easy market to trade....but very doable. It is many times more profitable then futures market...a lot more liquid and more predictable. This is from experience.

ok , scalping bear is in play now only to target 2984/80 now eu while usdx up a little not seems so bull yet , bearish also for the time being .
lets see , doubt still remain in eu as top wedge not tested yet & so far 3026 resistance stop every attempt though & why not another try break.
bull flag broken & still up
fontu

since the futures and spot rates match tick to tick, how is one "more predictable" than the other?

HEALTH TO ALL! Some of you know a broker who usdx in the metatrader demo?? Thanks

:nerd:

Alpari

hi guys.

i'm shorting e/u again - i expect that wall street goes a little bit down in the last minutes and e/u should do the same

Liteforex: http://www.liteforex.org/

There was good shorting on EUR/GBP but EUR/USD is consolidating. Just a guess if shortened EUR from EG are going to flare EU bulls?. I am too noob for this

All the EUR/USD or Futures :M6E, E7, 6E Pretty much have the same price tracking meaning they never get too far away from each other price wise.

Sometimes it will appear as the retail quote is leading the way and others the futures leading. Retail will make huge spread gaps for your entries many times every day. Blaming it on low liquidity.

With retail your basically trading what you see only by way of the end price move pip by pip. (as prescribed by your broker) NO VOLUME AT ALL! And if your broker boasts some mechanism of it, your not seeing a whole market share.

Futures, you have a visual on what's called an order book showing how many contracts are resting 5 prices deep on both the buy and sell side. Also you have what's called time and sales that shows exactly how many contracts were either sold or purchased at an exact time.

FXCM offers this as an illusionary perk for a $25,000 account balance.
(Yet all you see is the in house order book flow, as no exchange is in effect for Spot)

I find that most people won't leave the retail world as it is more simplistic. i.e. A trader does not have to have any knowledge of contact expirations, day vs. Over night margins etc. And spot has no daily pauses, unlike CME currency futures 5-6 pm EST daily exchange close.

Oh and don't forget the ever fear injected of a COMMISSION Vs a Spread cost. (by the way I fill at the market about 99.99 % of the time and pay the standard $ 7.00 USD commission on everything from ES SP500, Dow, to Live cattle and currency) basically that puts me in profit with a single tic move.

One of the Biggest Down side's of Spot ( any old timers here remember: REVCO! ) if your broker OFF exchange decides to file bankruptcy you HAVE A VERY HIGH PROBABILITY TO LOSE YOUR ACCOUNT MARGIN ! Law does not afford protection to retail account deposits in the U.S. for Bankruptcy protection with OTC (Over The Counter) Instruments.

With all the changes happening in the spot market I would be concerned to see how many more fold up due to the 50:1 max leverage taking effect in October. ( A lot of high Leveraged rollers will be stretched to the Nill and most probably blow up accounts without the what little breathing room they were accustomed to.)

You can trade the M6E (EUR/USD) Micro contract for a margin of $ 405.00 USD. That pays/Takes $ 1.25 per tic (pip)
As of this Decembers Now in effect contract the Micro Lots are physical delivery futures Just as the other currency futures contracts are (meaning they are a real instrument not a spot fictional reference CFD)

You may also trade the E7 or 6E Mini And Standard EUR/USD contracts.

6E: Standard Margin: $ 4050.00 USD Contract Pays/Takes $ 12.50 per tic (pip)

E7 Mini Margin: $ 2025.00 USD Pays/Takes $ 6.25 per tic (pip)

Volume on the Standard and Mini is of course somewhat higher than the Micro Lots as they are the newest contracts But all have a no problem instant fill scenario just about round the clock. And being as the Micor's are now Physical delivery volume has already boosted as this contract is being used by market hedgers and exporters abroad.

It's simple Spot is yes a very liquid entity, it's obvious look at all the people without a clue trading and mostly losing in it, that have never though of trading anything ever before they got the Cash Cow Glow from a Buddy that turned them on to it.
A real market place is taking effect underneath the entire process. From experience I find that too much liquidity is as ill effective as too little.

CurrencyAnalyst, I am sorry, but I am trying to figure out your post and its intended point. Please help me with this.

looks like stiff hold for the 1.3000 level for the close today.

Here's my spew on the next short term avenues:

Buy above: 1.3011 Target:: 1.3023 / 1.3037 / 1.3051 /1.3064 / 1.3078

Breach below 1.3000

Sell Below: 1.2997 Target:: 1.2985 / 1.2971 / 1.2958 / 1.2944 / 1.2930

here is my chart
http://www.forexrainbow.com/files/ak...3t52k755ej.gif

Hi,

very bearish pattern, double top and divergence in the 1 h tf , iam short since 1.30124, s/l 1.30324 tp 1.29552, if it break resistance there keep it, if rebounce closing.