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Day Trading the E-mini Futures
By
TheNegotiator, in E-mini Futures
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By Quantower
The main goal of this thread is to show what Power Trades is and how it works in different markets. We will show some patterns on the ES and NQ futures, as well as discuss possible improvements to this functionality.
What is Power Trades?
Ok, first we will consider what the Power Trades is and how it finds zones.
Power Trades shows the zones with the execution of a large number of orders in a very short time, which will affect the price change with a high probability.
Here are a few examples of how it looks like
How it finds zones?
There is a continuous process of placing, changing and executing orders in the market. All this affects the price change and the expectations of traders regarding the future price.
When a large order appears at a certain level, the price is more likely to come to this order and it will be executed because the market is always looking for levels with liquidity. This already applies to the order flow and the mechanics of orders matching, so we will omit the principles on which the orders are matched.
It is only important to understand that "abnormal events" occur in the market at certain times. Execution of a significant volume of orders in a very short time is one of such events.
The Power Trades Scanner has several important settings that directly affect the results:
Total Volume — the minimum value of the volume that should be traded during the specified time interval
Time Interval, sec — the time over which the Total Volume should be traded
Basis Volume Interval, sec — this parameter shows how much % took the traded volume in the total volume for the specified time.
Zone Height, ticks — this parameter will show only those zones where the height is less than or equal to the specified value (in ticks).
Level2 level count — the number of levels that are involved in the calculation of Imbalance and the Level 2 Ratio column in the table of results.
Filter by Delta,% — the parameter will show zones that have a delta value greater than or equal to that specified in the setting. The value must be specified by the module, so the table will show both positive and negative delta values. We recommend paying attention to the zones with the delta above 50% (taking into account the specifics of each trading instrument).
For example, let's set the Total Volume of 2000 contracts and Time Interval in 3 seconds on the E-mini SP500 futures. This means that the scan will be based on the available history and will show on the chart only those zones that have such a volume for the specified time.
Additionally, it is worth to set a delta value to filter out the zones with one-side trades. The more delta value, the high probability that the price will reverse.
So, as a starting point about this scanner, I think this information will be enough
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By makuchaku
Hi everyone,
This is my maiden analysis using volume profile - so please don't hesitate to share your feedback.
As per the attached analysis, I think that SPY is primed for a short - for many reasons
- Multiple strong rejection of long positions exist at Resistance R1 and R2 : seems like sellers defending their positions
- Very strong short volume seen at R2 : further signifying sellers who are ready at that level
However, once the price reaches Support S1, there seems to be a strong buying sentiment which has rejected previous shorts. You can see trading ranges & pullbacks to S1 where buyers and sellers seem to agree on a price range, often leading to a buyer dominance.
What do you think?
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By Stocks4life · Posted
INO Inovio Pharmaceuticals stock low volume pullback to 9.77 support area, watch for local breakout above 10.5, https://stockconsultant.com/?INO -
By Stocks4life · Posted
GOOG Alphabet stock good trend, top of range breakout watch above 180.55, https://stockconsultant.com/?GOOG -
By HFblogNews · Posted
Date: 7th June 2024. ECB closer look: All options open for the second half of the year! ECB officials continue to dampen rate cut speculation, following on from Lagarde’s hawkish comments yesterday. Officials have been out in force this morning to continue stressing that the inflation outlook remains uncertain and that the central bank is not committing to a particular rate path for the rest of the year. The ECB cut rates by 25 basis points, but as we expected it was a “hawkish” cut that left all options open for the second half of the year. Lagarde repeatedly stressed that future decisions will be data dependent, and even refused to confirm that yesterday’s move was the first step of an easing cycle. Rate cuts in September and December are still a possibility, but not cast in stone. Simkus admitted that there may be more than one rate cut this year, but on the whole, the comments were designed to keep a lid on speculation that the central bank kicked off a rate cut cycle yesterday. Austria’s central bank head Holzmann went on record yesterday to confirm that he was the sole dissenter objecting to a cut yesterday, and so far the doves have been quiet, which is helping to affirm Lagarde’s hawkish message yesterday. Details of the Rate Cut The ECB delivered the first rate cut in five years and lowered key rates by 25 basis points. The deposit rate is now at 3.75% and the main refinancing rate at 4.25%. It was a “hawkish cut,” as near term inflation forecasts were revised higher, and Lagarde flagged that domestic inflation remains high. The statement stressed that the ECB is not pre-committing to a particular rate path, and the comments leave all options on the table for the second half of the year. Economic Activity and Forecasts The ECB noted the improvement in economic activity through the first quarter of the year. Lagarde also highlighted that manufacturing is showing signs of stabilization, with stronger exports expected to support growth in coming quarters. At the same time, monetary policy should be less of a drag on demand over time, according to the ECB. The new set of forecasts show GDP rising 0.9% this year, which is more than the 0.6% expected back in March. The forecast for 2025 has been revised slightly down to 1.4% from 1.5% previously, and the ECB still expects a slight acceleration to 1.6% for 2026. The inflation forecast for this year was raised to 2.5% from 2.3%, and the projection for 2025 was hiked to 2.2% from 2.0%. As such, inflation will fall toward the target later than previously anticipated, though the forecast for 2026 was left unchanged at 1.9%. This means the headline rate is still expected to fall below the target at the end of the forecast horizon. Upside Risks to Inflation The statement noted upside risks to the inflation outlook from wages and profits, which could be higher than currently anticipated. Geopolitical tensions and extreme weather events could also push up prices once again, according to the ECB. At the same time, the ECB acknowledged that inflation could come in lower than anticipated if monetary restrictions have more of a dampening effect than currently anticipated, or if global growth weakens more than projected. The press conference was mainly dedicated to driving home the point that future decisions will depend on data available at the time of the respective meeting. Lagarde even refused to confirm that the central bank has effectively kicked off an easing cycle, and said in response to a question that she wouldn’t necessarily say that the ECB started a “dialing-back process”. She suggested it is likely, but refused to confirm it, which in theory means rates could actually go up again. This seems unlikely, given that this move was a near unanimous decision, but its makes clear that the ECB will not cut rates at every meeting and that the outlook for the rest of the year is still very much open. The ECB still thinks that monetary policy needs to remain restrictive for the foreseeable future against the backdrop of high domestic inflation. However, as chief economist Lane suggested recently, officials will have to debate at every meeting whether the data allows the central bank to dial back the degree of restrictiveness. Employment and Inflation Dynamics Wage growth, profits, and services price inflation will remain the key numbers to watch through the rest of the year. Lagarde pointed to data on the compensation of employees, due to be released tomorrow, but also flagged that current wage agreements are often still backward looking, as they reflect attempts to compensate for the sharp rise in prices since the start of the Ukraine war. As we flagged previously, the multi-year wage agreements in Germany are a prime example of that. However, as Lagarde highlighted, the deals on the table so far show sharp increases for this year, but also imply a slowdown in wage growth in coming years. However, unemployment is at a record low and the number of vacancies has dropped only slightly. At the same time, service price inflation remains stubbornly high, which suggests that companies have sufficient room to pass on higher labor costs. With real disposable income rising, thanks to lower inflation and higher wages, companies could find it even easier to hike prices in the second half of the year, and yesterday’s rate cut is also likely to boost demand. In the current situation, this could add to domestic price pressures. Looking ahead, the only thing that is clear is that Lagarde did her best to keep expectations of back-to-back cuts under control. The chances still are that the ECB will deliver two more 25 basis point cuts in September and December, but at this point, nothing is cast in stone. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission. -
By Stocks4life · Posted
TRGP Targa Resources stock narrow range breakout watch above 119.02, https://stockconsultant.com/?TRGP -
By Stocks4life · Posted
ROOT stock, short term downtrend break, bullish stats , https://stockconsultant.com/?ROOT
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