question for experienced 6E traders

[hank1933]

i've been trading mini ES only, thought about adding 6E in the new year. can someone give me some insight on the 6E's, like best time of the day to trade, what other instrument or indices i should be watching, and etc....... . any good inputs is greatly appreciated.

 

[NoDoji]

This will help you keep track of currency-moving events:

http://www.forexfactory.com/calendar.php

 

[hank1933]

last week on the 20th, big drop around 10:20, 25, couldnt find any scheduled announcements on any news calender ? did i miss something here or just news flash ?

 

[nazzdack]

Quote from hank1933:
----last week on the 20th....
----big drop around 10:20....
----couldn't find any scheduled announcements on any news calendar?
----did I miss something....

?..... I believe "somebody" in Germany, Merkel or Droggy?, said "something" of market-moving significance.

 

[hank1933]

anyone else ??????????????

 

[Martinghoul]

Quote from hank1933:
anyone else ??????????????

The headlines from the depo cut story (link below) came out arnd 15:20 GMT and caused some excitement.

http://www.bloomberg.com/news/2013-...i-deposit-rate-cut-if-more-easing-needed.html

 

[JamesL]

http://www.reuters.com/article/2013/11/20/markets-forex-idUSL2N0J520520131120

It's all about the news.

 

[hank1933]

Thank u all for ur posts, can someone who has been trading 6E's for awhile give me some pointers that is unique to trading this compare to let say ES's. Thank u

 

[Martinghoul]

Quote from hank1933:
Thank u all for ur posts, can someone who has been trading 6E's for awhile give me some pointers that is unique to trading this compare to let say ES's. Thank u

A lot of macro sensitivity and, particularly, to European developments... So you need to watch a lot of macro data.

 

[kid.fx.cross]

Quote from hank1933:

Thank u all for ur posts, can someone who has been trading 6E's for awhile give me some pointers that is unique to trading this compare to let say ES's. Thank u

if you have an interest in currencies, I would encourage you to explore spot fx. Especially if you already have a deal going on in futures with ES. In spot, the spreading opportunities are endless. Open up a paper account, and just put on 100k eur/usd and see how that compares to what you would have done in 6E.