Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

TheNegotiator

Day Trading the E-mini Futures

By TheNegotiator, in E-mini Futures

Recommended Posts

roztom    10

roztom
Posted

Greetings: Hope everyone had a good holiday. I was traveling yesterday... Loking at yesterdays action was not suprising though trading it I can't say... hindsight and all. One hting that was high probability was that the late sellers would get stuffed since the obviously play is almost always obviously wrong easy $ - sure..

 

SO after absorboing selling on the open the long side was the way to play as the shorts got squeezed... the was a lot of room above us to rotate without changing the bearish structure...

 

the sell-offin the close was evidence that we only had responsive buying yesterday.

 

Looking at this it appears we will either continue on the downside or at lerast test that important low made Friday morning GBX & probably take it out... When? Otherwise chop...

 

ACH right...

 

Just :2c:

Share this post

Link to post
Share on other sites

TheNegotiator    13

TheNegotiator
Posted

This is just one idea and we have to monitor for activity and be responsible for our own trading choices. I'm not recommending it and have several scenarios myself.

 

Considering that we were probably expecting a selloff anyway, both yesterday and overnight, did we really do such a great job? Well, maybe not. First off we hardly tested lower, although I would note that the low wasn't at a particularly significant location imho. We did sell hard into close but it kind of rolled over rather than rejected, before it went into selling mode. In the end it didn't even make new lows though (I believe the RTH day candle is called a gravestone and often does occur at or near a bottom). Overnight we haven't had a continuation to the downside from that important 82.50 upper balance marker price. We've just balanced within Monday's range.

 

You could argue that the market was like this due to holiday related inactivity, yet Europe hasn't reacted so far today.

 

So one possibility is that we are not ready to correct further and it could be a chance to secure a good long location. A test down to levels such as 71.75 or 70.50 might be interesting. Of course subsequent reversal action would have to be watched and if it could break back into Monday and hold, we could get a rally.

 

attachment.php?attachmentid=28418&stc=1&d=1334062538

2012-04-10.thumb.jpg.6d58bb40f187fe3dfa114b5dce63bfa1.jpg

Share this post

Link to post
Share on other sites

roztom    10

roztom
Posted
This is just one idea and we have to monitor for activity and be responsible for our own trading choices. I'm not recommending it and have several scenarios myself.

 

Considering that we were probably expecting a selloff anyway, both yesterday and overnight, did we really do such a great job? Well, maybe not. First off we hardly tested lower, although I would note that the low wasn't at a particularly significant location imho. We did sell hard into close but it kind of rolled over rather than rejected, before it went into selling mode. In the end it didn't even make new lows though (I believe the RTH day candle is called a gravestone and often does occur at or near a bottom). Overnight we haven't had a continuation to the downside from that important 82.50 upper balance marker price. We've just balanced within Monday's range.

 

You could argue that the market was like this due to holiday related inactivity, yet Europe hasn't reacted so far today.

 

So one possibility is that we are not ready to correct further and it could be a chance to secure a good long location. A test down to levels such as 71.75 or 70.50 might be interesting. Of course subsequent reversal action would have to be watched and if it could break back into Monday and hold, we could get a rally.

 

attachment.php?attachmentid=28418&stc=1&d=1334062538

 

agree: The short side while waving a flag to jump on the wagon is IMHO where many could get the shaft..why? It is an obvious play.On the other side...yesterday was the obvious day to fry the late shorts so today "might" continue down no clue.

 

I have been on sell signals today coming out of GBX but unless we rotate up I don't have a "SET UP." (Josh) and will have to wait... We might just consolidate ahead of earnings...I am going to be trading 2/3 of usual package today unless there is evidence of signifigent OTF activity...

Share this post

Link to post
Share on other sites

TheNegotiator    13

TheNegotiator
Posted
Can we have a meaningful drop (from here) with AAPL making new all-time highs?

 

Not meant as a rhetorical question. But...

 

NQ is stronger than ES in general at the moment. AAPL is nasdaq listed I believe. So NQ could hold up a over ES, but I'd think that we'd need to have all the indices moving down to get a decent drop.

Share this post

Link to post
Share on other sites

roztom    10

roztom
Posted
NQ is stronger than ES in general at the moment. AAPL is nasdaq listed I believe. So NQ could hold up a over ES, but I'd think that we'd need to have all the indices moving down to get a decent drop.

 

If you took APPL out of the NQ the actuall gain would be about 5% for last qtr.. It is distorting the Inx..not sure if it is relevant.. but it sure looks like the public is chasing a comet..

Share this post

Link to post
Share on other sites

TheNegotiator    13

TheNegotiator
Posted

If we are going to reject that lower balance, I wouldn't really want to see a foray too far into it. I would think somewhere around 65 balance vpoc would be the lower limit to signal that we aren't necessarily going to accept/explore lower prices.

Share this post

Link to post
Share on other sites

roztom    10

roztom
Posted
If we are going to reject that lower balance, I wouldn't really want to see a foray too far into it. I would think somewhere around 65 balance vpoc would be the lower limit to signal that we aren't necessarily going to accept/explore lower prices.

 

Agree.. 62.00 HVN looks like a drop dead dividing line...

Share this post

Link to post
Share on other sites

joshdance    10

joshdance
Posted

By the way, I'll just say that I was totally hypnotized as the market designed -- I was looking to short, but was looking to do it at 79.50 -- I thought there was a bit more upside, hence my long. My original thought was short, but the location did not match what I expected, so I fell into the trap... small loss but I was dead wrong on this one.

Share this post

Link to post
Share on other sites

roztom    10

roztom
Posted
numbers in 1min .

 

Wish I had full package on..but I had that bad location..so it was just as well... Took a point ona scale and did not scale at 72.50 which would typically be my next scale point... targeting 67 - 68.00 but might be a reach unless we get RE ... :confused:

Share this post

Link to post
Share on other sites

roztom    10

roztom
Posted

Here is where I spin a bit... TO scale against 72.50 looking for rotation or just hold and then add on rotation... ?? I don't have a definitive answer for that since I don't know if or how far market might rotate - a conundrum... especially with my location so I will see how it develops... just holding at the moment tgartget NVPOC 67.50.

Share this post

Link to post
Share on other sites

roztom    10

roztom
Posted
So we're either going to get a ORR (reject reverse from high) or an OAIR (open auction in range) if it gets back above 73.25 and holds.

 

74.75 looks like current line in the sand.imho current low vol area and seperation in distributions.. :2c:

Share this post

Link to post
Share on other sites

roztom    10

roztom
Posted

Have you guys drawn any conclusions about which is more signifigent? CLVN or NVPOC's?

 

I "assume" it it CLVN's since they are low vol vs NVPOC's. What are your thoughts?

 

BTW: Do you guys show a 69.25 CLVN?

Share this post

Link to post
Share on other sites

TheNegotiator    13

TheNegotiator
Posted
74.75 looks like current line in the sand.imho current low vol area and seperation in distributions.. :2c:

 

Maybe, but initially I want it above yesterday's low which was also the first test low today. I would think for a continuation trade that might be a good location otherwise.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
Go To Topic Listing

  • Similar Content

    • Quantower
      Trading with Power Trades tool on ES and NQ futures
      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
    • makuchaku
      Volume profile analysis of SPY for 2019
      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?

    • TraderJoe
      Volume Profile NT8
      By TraderJoe
      Hey All,
      does anyone sell Volume Profile Indicator for NT8.
       
      Regards

  • Topics

  • Posts

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.

  I accept