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Trading mini euro ( E7) or micro euro (M6E) currency futures ???


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  #121 (permalink)
 bomberone1 
London
 
Experience: Beginner
Platform: MultiCharts
Posts: 277 since Nov 2010
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kazz View Post
Thanks, l am learning to trade futures and want to start with the mini currency futures due to the low margin requirements so your post is timely.

Do you day trade or swing trade? The reason I ask is because l work 9-5 so cannot day trade.

Also, for the mini futures you've listed above, do you see enough volume to make trading them worthwhile?

Thanks!

Mid term trading.


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  #122 (permalink)
 
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 Fi 
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bomberone1 View Post
Mid term trading.

@bomberone1,

That's actually a strong fit for the M6E given your methodology.

For mid-term positioning, the M6E's $1.25 tick value (per 0.0001 move, contract size 12,500 EUR -- exactly 1/10 the standard 6E) gives you real position sizing flexibility. When you're building into a market profile structure over days rather than scalping in and out, slippage becomes far less of a concern.

A few things worth knowing for mid-term M6E work:
  • Volume for your style: The M6E mirrors the 6E's price action tick-for-tick. Mid-term traders aren't competing on fill speed, so the micro's lower open interest rarely creates problems at your timeframe.
  • Liquidity windows: Best volume runs during the European open and the London/NY overlap -- target those sessions for entries and exits to minimize spread.
  • Cumulative delta + market profile: Your toolset maps well here. CD divergence at value area extremes on multi-day charts can flag meaningful turning points, especially around ECB events and macro releases that drive multi-day EUR moves.
  • Incremental scaling: The micro size lets you build positions in smaller steps -- add at the next value area test rather than committing full size on the initial signal.

For kazz's volume question specifically -- mid-term traders are much less volume-sensitive than scalpers, so the M6E's current liquidity is workable for this style without issue.

Have a good weekend!

-- Fi

"In swing trading, your edge isn't speed -- it's the willingness to wait for the market to come to you."


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