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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: 3rd December 2024. High Bond Yields Boost Euro, But ECB Signals December Cut! The French government is close to collapse due to the French Prime Minister’s persistence on the latest budget. French bond yields rise to their highest since 2012 and the Euro attempts to correct upwards during this morning’s session. According to state central banks, the ECB will continue cutting interest rates in December. Is the current bullish Euro temporary? The SNP500 renewed its highs for a second consecutive day mainly due to gains from Meta, Tesla and Microsoft. EURUSD – ECB Members Indicate Cut For December! The US Dollar is declining in value against most currencies this morning after significant gains on Monday. However, the performance throughout the week will depend on the JOLTS Job Openings, ADP Employment Change, NFP and US Unemployment Rate. Positive dynamics have been unfolding amid Trump’s warning to BRICS nations against creating a currency alternative to the US Dollar, threatening 100% tariffs on their exports. Experts fear this signals a potential trade war with China, India, Russia, and others. Moscow countered that forcing reliance on the Dollar could erode its appeal as a reserve currency. Meanwhile, investors await November employment data. With private consumption rising (2.1% to 2.3%) and core inflation increasing (2.7% to 2.8%), further labor market strength could challenge a December rate cut of 25 basis points. Most experts still expect the Fed to proceed, but a pause in rate cuts is anticipated early next year. Currently, the Euro is the second best performing currency of the day behind the Australian Dollar. Many believe this is partially due to the competitive price and high Bond Yields. However, this can quickly change as the ECB’s dovishness and France’s political and budget crisis continue. ECB Governing Board member Yannis Stournaras indicated today that interest rates are likely to be cut further in December, with experts anticipating a 25 basis point reduction. For the Euro to maintain a buy signal in the short-term, the price will need to rise above $2,647.92 and this afternoon’s JOLTS Job Opening to fall below expectations. SNP500 – Stocks Reach All-Time High! The SNP500 so far this year is trading 27.50% higher and is at an all time high. This is mainly due to gains from Meta, Tesla and Microsoft. On Monday, 59% of the most influential stocks rose in value. Wedbush Securities reaffirmed an “Outperform” rating on Apple shares with a $300 target, citing a potential record 240 million iPhone sales in fiscal 2025, driven by the new Apple Intelligence AI feature. Last month, Apple reported $94.9 billion in revenue and $1.64 EPS, beating forecasts and last year’s figures. The performance of the SNP500 will depend on this week’s employment data, similar to the US Dollar. Most analysts believe the ideal scenario for the stock market is for the data to come in as expected. 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. Michalis Efthymiou 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
RBLX Roblox stock, nice rally off the 49.19 gap support area, from Stocks to Watch at https://stockconsultant.com/?RBLX -
By Stocks4life · Posted
CTLT Catalent stockt, watch for a bull flag breakout at https://stockconsultant.com/?CTLT -
By Stocks4life · Posted
AAPL Apple stock, top of range breakout at https://stockconsultant.com/?AAPL -
By Stocks4life · Posted
BYD Boyd Gaming stock watch, nice trend with a top of range breakout watch above 74.67 at https://stockconsultant.com/?BYD
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