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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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1. A person who disguises insults as jokes. 2. A person who will never take accountability but has no problem always blaming you. 3. A person who says they want the best for you, but then works against you. 4. A person's whose words and actions don't match. 5. You can't trust a person who puts seeds of doubt in you, disguised as something else, like concern for you. 6. You can't trust a person who always tries to sabotage you, or make things harder for you. But always has an excuse for everything. Source: https://mentalhealthpsychology2.quora.com/6-TYPES-OF-PEOPLE-YOU-SHOULD-NOT-TRUST -
By HFblogNews · Posted
Date: 15th May 2024. Market News – Treasuries rallied, NASDAQ at new high, DXY lower after PPI pop. Trading Leveraged Products is risky Economic Indicators & Central Banks: *JGB yields slipped, as markets paused amid a recent bond sell-off, awaiting a crucial US inflation report expected to influence the Fed’s short-term interest rate decisions. Remember, that typically yields move inversely to bond prices. *US: Stronger than expected prints on PPI did not have the textbook effects on the markets. Interestingly, Treasuries and Wall Street rallied, while the US Dollar slipped. The guts of the report were not as worrisome as the headlines suggested, and the CPI is viewed as more important. *Global equities are set for a fresh record after a big tech-led rally in US gauges. Financial Markets Performance: *The USDIndex slumped to 104.7, EURUSD rose to 1.0830 and USDJPY drifted at the EU open below 156. *Gold rose almost 1% to $2358.12 per ounce, while USOIL advanced to $78.18 after shrank US stockpiles, and as traders looked ahead to a report from the International Energy Agency that’ll shed light on market balances into the second half. *Copper spiked to a fresh record high at $5.12 a pound after a squeeze partly due to traders playing the arbitrage between futures on Comex and the Shanghai Futures Exchange. Market Trends: *Big tech climbed, however, boosting the NASDAQ 0.75% to a new all-time high of 16,511. The S&P500 rose 0.48% to 5246. The Dow advanced 0.3%. *Sony shares jumped by 12% after strong earnings, a stock split and a share buyback of ¥250bn ($1.6bn). *Tesla gained 3.3%. Tencent Holdings surged after the company’s revenue beat estimates , while Alibaba Group Holding Ltd.’s slid on a profit plunge, highlighting the growing divergence between China’s twin Internet powerhouses. 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. -
Recessions are weird. The more you think about them, the weirder they become. Yes, the economy is cyclical. Downturns aren’t just inevitable, they’re healthy. BUT Economic cycles, including recessions, are not just determined by clean and predictable financial indicators but also by psychological and sociological factors. Collective mood, media reporting, and public sentiment play a substantial role in shaping economic realities. And they can be manipulated. A.] The Fear Factory Every time the media starts shouting "recession," what happens? Panic. Fear. It's like Halloween but for adults. And this fear isn't just innocent fun – it moves markets, influences decisions, and causes real harm. Give me an example of when the media saw a chance to scare the crap out of you and didn’t take it? I’ll wait. B.] Recessions are Relative Consider this – what's called a recession in one country is a day in paradise in another. Economic conditions are relative. If the standards are so skewed, can we really trust this whole concept? C.] The Recession Whisperers Imagine a secretive group, not in some government bunker, but in a quiet office in Cambridge, Massachusetts. That's the National Bureau of Economic Research (NBER), the recession referee. But here's the twist: By the time the NBER declares a recession, it's like announcing rain when you're already soaked. Their method involves a retroactive look, meaning they wait for six months of data, plus a one-month lag. So, when they finally declare a recession, it's old news, a story you've been living in, not just reading about. In the world of economic predictions, the official-unofficial referees are not the early birds; they're the historians. Also… D.]The GDP Puppet Show GDP. It’s supposed to be a “health check” for the economy. BUT It's like going to a doctor who only measures your height and ignores your blood pressure, cholesterol, and heart rate. It counts every dollar spent, regardless of what it's spent on. That means disasters, wars, and environmental destruction all pump up the GDP. If a hurricane hits and we spend billions on reconstruction, guess what? GDP goes up. Celebrating a GDP increase is like throwing a party because your house burned down and you had to rebuild it. It’s also the main indicator the NBER uses to measure a recession. The real problem with this is… GDP is a broad measure and can be influenced by short-term fluctuations that don't necessarily reflect long-term economic trends. It’s a useful indicator, but far from comprehensive. E.] The Self-Fulfilling Prophecy Here's the kicker – by declaring a recession, we make them more likely. It's a classic self-fulfilling prophecy. Businesses pull back on investment, consumers close their wallets, and just like that, the economy slows down. But what if we didn't buy into the narrative? I have no idea. F.] Rage Against Determinism Economies aren’t deterministic. They’re dynamic. Economies don’t follow a predetermined path. Human agency and perception play a significant role in shaping economic realities. Predictions are usually wrong for this reason. Also, there’s this… G.] The Hidden Agenda Tin foil hat time. Think about who benefits from recession talk. The media gets a juicy story. Politicians get a scapegoat. Certain investors get to buy low. It’s a game, and the average person isn't the one winning. You’re always being sold a narrative that serves others, not you. And Yet, a Recession is HERE Of course, recessions exist. Because prolonged downturns exist. But all of this calls into question what we think we know about the word “recession” and how we talk about it. It’s not as clear a concept as we think. Nevertheless, it’s probably here already.” – Chris Campbell (AltucherConfidential)
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By Stocks4life · Posted
QCOM Qualcomm stock great breakout follow through, https://stockconsultant.com/?QCOM -
By Stocks4life · Posted
JPM JPMorgan Chase stock breakout, https://stockconsultant.com/?JPM
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