Welcome to NexusFi: the best trading community on the planet, with over 200,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- discounts are available after registering.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I have read that other forum:
6E quote is merely derived from spot EURUSD quote and thus 6E's supply and demand and volume can't have any influence on 6E quote
Is this true?
It was always suspicious for me, how can they so closely correlated.
Can you help answer these questions from other members on NexusFi?
If its true, that quote of 6E depends on other factor than limit and market orders / taking and providing liquidity then does it make any sense, reading the tape, tracking DOM and analyzing volume and market footprint??
market makers and other hf liquidity providers update their price based on the spot and futures price. Because of that you'll get a level 2 and volume data highly correlated with the true causality. It's harder to use volume when there is more then one instrument involved in moving your traded instrument but the relevant info is still there. 6E also moves in regards to the e-mini, fdax, 6B etc. (after all 6E compares two economies USA and Europe)
Thank your answer Rikers!
I guess it will take some time for me to prcess the new iformation..
I must wider my knowledge to understand better the futures markets, and put a totally new base my theory of trading.
