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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 HFblogNews · Posted
Date: 23rd April 2024. European PMIs Paint Mixed Picture, ECB advise a June Cut is Certain. The German DAX recorded its highest monthly increase as investors continue to predict a weaker EU monetary policy. JP Morgan again advised stocks are overcrowded and may see a stronger downward correction. However, economists advise this is only possible if geo-political tension escalates or companies fail to beat earnings predictions. Gold witnesses its strongest decline in 2024 falling 2.64% on Monday and a further 1.32% during this morning’s Asian session. The Euro is the best performing currency after the day’s PMI releases. However, investors should note that the US Dollar during the Asian session was performing significantly better. USA500 – Visa and Tesla Ready Shareholders For Earnings Release! The SNP500 rose 0.87% during the US trading session and also broke the previous swing high. However, JP Morgan again told journalists there are signs that the stock market is “overcrowded”. When institutions are overexposed to certain stocks or industries, it only takes one big fund to start de-levering and then others will follow. Though, investors should note that this would also depend on three factors. The first is earnings, the second is geo-political tensions and the third is inflation. This week, investors will largely watch earnings, particularly Visa and Tesla. Visa and Tesla currently hold a weight of 2.00% and are two of the most influential stocks. Tesla continues to be one of the worst performing stocks, but Visa’s earnings are less certain. Visa has beat earnings and revenue expectations over the past 4 occasions but has been struggling over the past 30 days. Analysts expect earnings and revenue to remain at the same level compared to the previous quarter. However, higher earnings can potentially increase demand. Visa stocks have risen 5.20% in 2024 and have a dividend yield of 0.76%. However, as mentioned above, the performance of the stock market will largely depend also on inflation and geo-political tensions. Though these are not likely to change within the upcoming days. In regard to inflation, investors will be eager to see if inflation again rises, in which case, interest rate cuts will likely not be possible for 2024. If this scenario materialises, stocks can decline between 20-30% ($3,700-$4,220). GER30 – ECB Ready To Cut Rates In June 2024! On a 2-hour timeframe the price of the GER30 is trading above the 75-Bar EMA and above the VWAP. In addition to this, the asset is obtaining buy signals also from oscillators and price action. The index has retraced since the release of the European PMI data, but if the price rises above 18,067, without breaking the day’s low price, buy signals will become active. One of the key drivers, along with this morning’s PMI release for Germany and France, is the latest comments from members of the ECB. According to ECB representative Mr Villeroy, even if oil remains volatile, the regulator will look to cut in June 2024. In addition to Mr Villeroy, Mr De Guindos told journalists that a rate cut in June is “crystal clear”. The guidance given is increasing the demand for the German DAX as are indications of stronger economic data. The French PMI data saw the Services index rise above 50.00 for the first time since May 2023 and beat expectations. However, the manufacturing index continues to struggle and fell compared to the previous month. The German PMI was a similar picture. The Services PMI rose to a 10-month high and beat expectations, but the Manufacturing Index read lower than the 42.8 expectations and is at a 6-month low. 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. -
By Stocks4life · Posted
$DVN Devon Energy stock moving higher off support, https://stockconsultant.com/?DVN -
By Stocks4life · Posted
$COF Capital One stock nice breakout, from Stocks To Watch, https://stockconsultant.com/?COF -
By Stocks4life · Posted
$CVNA Carvana stock back to 70.8 gap support area, high trade quality, https://stockconsultant.com/?CVNA -
By Stocks4life · Posted
$VKTX Viking Therapeutics stock important area, back to 64.34 gap support, https://stockconsultant.com/?VKTX
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