Chippy

Just so you know Eurodollar is an "interest rate"....has nothing to do with the Euro Currency "Eurodollars are time deposits denominated in U.S. dollars at banks outside the United States, and thus are not under the jurisdiction of the Federal Reserve. Consequently, such deposits are subject to much less regulation than similar deposits within the U.S., allowing for higher margins. The term was originally coined for U.S. dollars in European banks, but it expanded over the years to its present definition: a U.S. dollar-denominated deposit in Tokyo or Beijing would be likewise deemed a Eurodollar deposit. There is no connection with the euro currency or the euro zone." Eurodollar

Yea, when people say EuroDollar for the Euro futures it is always confusing. Eurodollar is completely different than the Euro Futures. Also, 6E is very much NOT liquid.....EC is the contract that is very liquid. Look at the volume. Also look at the trades made...most, if not all the 6E is computer based on spread's. You can have bids and asks moving like crazy, but no fills on the actual market. I think if you trade the Euro Futures, you need to trade EC, otherwise go to FX for lower risk if you don't have the money. With that said, I don't think anyone can trade the EC without using Fibs. The first 50% is usually good for at least a few pips, if not for at least 20 pips. The major 50% area's like daily 50% is the strongest, but even the small fibs work.

I use Tradestation for all my automated trading and I am happy with them so far. As long as I am making money that is all I care about lol

I found it much easier to trade Futures and Commodities than stocks. There are a certain amount of markets I can look at and plenty of volatility compared to stocks. Best thing is...they are open 24 hours. Since I moved to futures I wouldn't even think of moving back to stocks, and really have no clue why people choose stocks over commodities. For stocks you have to have at least $25k for the day trade rule, but futures there is no rule. Most brokers require $5k account...but that is about it. With that said, I look the night before at what markets I want to trade the next day based on a set up and set alerts on each market when the price is triggered. Makes it easy to get up whenever I hear the computer going off.

Tradestation has an indicator $VOLSPD that I think is similar....I just use it for trend direction though. I think the indicators are too lagging to make a trade instantly off of, unless you look at $tick. +1k and -1k on the $tick usually shows extremes for a quick scalp...