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Day Trading the E-mini Futures
By
TheNegotiator, in E-mini Futures
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Similar Content
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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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Posts
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By Stocks4life · Posted
HLF Herbalife stock back to 10.3 support area, high trade quality, https://stockconsultant.com/?HLF -
By Stocks4life · Posted
RCL Royal Caribbean stock trending bull flag breakout, $CCL great day, https://stockconsultant.com/?RCL -
By Stocks4life · Posted
LLY Lilly stock trending breakout, https://stockconsultant.com/?LLY -
By Stocks4life · Posted
$BDRX Biodexa Pharmaceuticals stock nice low volume pullback, attempting to move higher off the 1.01 support area, https://stockconsultant.com/?BDRX -
By HFblogNews · Posted
Date: 4th June 2024. The Euro Declines As The ECB’s Rate Decision Approaches! The EURUSD retreats from recent highs and gains strong indications from momentum indicators. The Euro also declines against the Japanese Yen. Stocks decline in Tuesday’s pre-trading session, but will lower oil prices soon prompt a new surge of buyers? The US economy shows signs of slowing, but analysts advise no recession while employment remains strong. Chip-makers save the NASDAQ from witnessing a strong decline on Monday. NVIDIA rises 4.90% and Micron Technology 2.54%. USA100 – NVIDIA Saves the NASDAQ From Another Decline! The NASDAQ saw prices increasing throughout the day but fell within the first 4 hours of the US session. However, like Friday, investors re-entered the market at the lower price in the second half of the session. As a result, the NASDAQ ended the day 0.47% higher, but this was largely due to good performance from NVIDIA stocks which rose more than 4.90%. According to Wall Street, without NVIDIA, the NASDAQ would most likely have ended lower. NVIDIA is currently the fourth most influential company amongst the NASDAQ’s components. The latest news which is holding investor attention is the latest Purchasing Managers Index, which is one of the few leading indicators. Other economic data are known as laggings as they are based on past data rather than sentiment and future outlook. The ISM Manufacturing PMI and Manufacturing Prices both read lower than expectations and lower than the previous month. However, investors should not necessarily “overreact” as analysts advise this would not mean anything unless employment also contracts. Additionally, the Final Manufacturing PMI read 51.3 which still indicates economic expansion, and the lower oil prices can support stocks in the longer term. A slight decline is not necessarily negative for the stock market as long as there is not a higher risk of a recession. The lower consumer demand and economic activity could prompt the Federal Reserve to consider more than 1 rate cut in 2024. 53.0% of large traders are betting on this, up from 49.0% before the publication of the statistics. Additionally, most experts predict that the regulators will cut the interest rate twice over the course of the year, totalling 0.50%. Nonetheless, technical analysis indicates there is still the possibility of the price declining. The price was unable to remain above the main sentiment lines and did not form a higher high. At the moment, the RSI is currently priced at 50.30 which indicates the price may witness a reverting price condition. If the price rises to a new high breaking above $18,638.50, the momentum could indicate upward price movement again. Otherwise, bearish crossovers on the 5-minute chart will continue to indicate valid downward momentum. Currently, European stocks are declining and if they keep falling, investors can use this as an indication of a risk-off sentiment. EURUSD – The Euro Gives Up Gains As The ECB’s Rate Decision Approaches The price of the EURUSD continues to form higher highs and higher lows but is currently trading within a downward price movement. If the price declines below 1.08576, the bullish trend pattern will be broken. Investors are currently contemplating the timing of the European Central Bank’s first interest rate cut. The EU Manufacturing PMI rose from 45.7 points to 47.3 points, and the German PMI from 42.5 points to 45.4 points, justifying preliminary estimates. Experts believe that the European economy is gradually recovering but sustainable growth has not yet been achieved. On Thursday, the European Central Bank will make a decision on its policy: according to forecasts, regulator officials will reduce the interest rate from 4.50% to 4.25%, the deposit rate from 4.00% to 3.75%, and the marginal rate from 4.75% to 4.50%. The EURUSD is seeing indications of upward price movement on the 2-hour timeframe, but so far is declining against most currencies. In addition to this, the price is witnessing strong bearish momentum and bearish indication on the 5-minute chart. Therefore, the current signals point towards a short-term bias. However, if the momentum continues investors may revisit this outlook and consider a full correction. 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. Michalis Efthymiou 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.
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