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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: 25th November 2024. New Secretary Cheers Markets; Trump Trade Eased. Asia & European Sessions: Equities and Treasuries rise, as markets view Donald Trump’s choice of Scott Bessent for Treasury Secretary as a stabilizing decision for the US economy and markets. Bessent: Head of macro hedge fund Key Square Group, supports Trump’s tax and tariff policies but gradually. He is expected to focus on economic and market stability rather than political gains. His nomination alleviates concerns over protectionist policies that could escalate inflation, trade tensions, and market volatility. Asian stocks rose, driven by gains in Japan, South Korea, and Australia. Chinese equities fail to follow regional trends, presenting investors’ continued disappointment by the lack of strong fiscal measures to boost the economy. The PBOC keeps policy loan rates unchanged after the September cut. US futures also see slight increases. 10-year Treasury yields fall by 5 basis points to 4.35%. Nvidia dropped 3.2%, affected by its high valuation and influence on broader market trends. Intuit fell 5.7% after a disappointing earnings forecast. Meta Platforms declined 0.7% following the Supreme Court’s decision to allow a class action lawsuit over the Cambridge Analytica scandal. Key events this week: Japan’s CPI, as the BOJ signals a possible policy change at December’s meeting. RBNZ expected to cut its key rate on Wednesday. CPI & GDP from Europe will be released. Traders will focus on the Fed’s November meeting minutes, along with consumer confidence and personal consumption expenditure data, to assess potential rate cuts next year. Financial Markets Performance: The US Dollar declines as US Treasuries climb. Bitcoin recovers from a weekend drop, hovering around 98,000, having more than doubled in value this year. Analysts suggest consolidation around the 100,000 level before any potential breakthrough. EURUSD recovers slightly to 1.0463 from 1.0320 lows. Oil prices drop after the largest weekly increase in nearly two months, with ongoing geopolitical risks in Ukraine and the Middle East. UKOIL fell below $75 a barrel, while USOILis at $70.35. Iran announced plans to boost its nuclear fuel-making capacity after being censured by the UN, increasing the potential for sanctions under Trump’s administration. Israel’s ambassador to the US indicated a potential cease-fire deal with Hezbollah, which could ease concerns about Middle Eastern oil production, a region supplying about a third of the world’s oil. Russia’s war in Ukraine escalated with longer-range missile use, raising concerns about potential disruptions to crude flows. Citigroup and JPMorgan predict that OPEC may delay a planned increase in production for the third time during their meeting this weekend. Gold falls to $2667.45 after its largest rise in 20 months last week.Swaps traders see a less-than-even chance the central bank will cut rates next month. Higher borrowing costs tend to weigh on gold, as it doesn’t pay interest. 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 of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi 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
SNAP stock, big day off support at https://stockconsultant.com/?SNAP -
By Stocks4life · Posted
SBUX Starbucks stock, nice breakout, from Stocks to Watch at https://stockconsultant.com/?SBUX -
By Stocks4life · Posted
INTC Intel stock settling at 24.25 double support area at https://stockconsultant.com/?INTC -
By Stocks4life · Posted
CORZ Core Scientific stock, strong close, watch for a top of range breakout above 18.32 at https://stockconsultant.com/?CORZ
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