June 6: no trade. Signals for today: Long at 1.2867, target 1.2889, stop 1.2845. Short at 1.2823, target 1.2801, stop 1.2845. Signals are already active!
Trade for june 8: Short right now at 1.2786 or better (current price is 1.2788). Target 1.2765, stop 1.2807.
I know today is the ES rollover day ... traders will move to ES U6. Rollover for ES is always 2nd Thursday before expiration day month. I am new to currencies product and I only started to look at EUR M6 the last 5 days. When is the rollover day for IMM Futurres currencies product? Thanks.
Result for today: Short 1.2786, stop 1.2807, -21 pips. After stop was hit, price went south by more than 100 points!
Name Euro/U.S. Dollar (6EM6) TWS Symbol EUR Contract Type FUT Currency USD Country of Origin Unknown (XX) Available Exchanges Exchanges CME, GLOBEX Future Attributes Multiplier 125000 Expiration Date 20060619 First Notice Date 20060619 First Position Date 20060619 Last Trading Date 20060619 I'd pull up market data lines for both the old and the new contract. Switch to the new contract as soon as it has larger volume / smaller spread!
I would have thought traders will rollover to next contract month ... one week before June 19 last trading day. In any case, as you had suggested, I'll just monitor for volume shifts. Thank you.
Signals for today, 6EM6: Buy at 1.2674, target 1.2698, stop 1.2650. Short at 1.2626, target 1.2602, stop 1.2650. Signals are already active. Only take the first trade!