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

Predictor    11

Predictor
Posted

At this point, I am thinking if we manage to go green on day then that will trigger a lot of buy bots. We're now within reach of that.. must step back and evaluate. Action been extremely fast so far.

 

Exited remaining positions off the 95... on negative order flow. I will attempt a re-entry long side. Re-bid at the 92.50.

Share this post

Link to post
Share on other sites

TheNegotiator    13

TheNegotiator
Posted

That's the session gap closed now. Bear in mind if we do take 97.50 out, there could well be some stops aka liquidation of overnight positions. Not definitely, but be aware. I wouldn't automatically be sitting with my sell limit at 1399.75 put it that way.

Share this post

Link to post
Share on other sites

Predictor    11

Predictor
Posted (edited)

Order flow has been mostly one sided and to the sell side since the 95 but no fill yet. Market continues to weaken makes me wonder if 92.50 will be good by the time it gets there..

Edited by Predictor

Share this post

Link to post
Share on other sites

TheNegotiator    13

TheNegotiator
Posted

I am looking at this thinking what could happen.

 

  1. We fail to hold the 3-day balance = not very good and move lower possibly down to that 77.75 level becomes more probable.
     
  2. We build in the balance = overnight and early rth shorts are stuck. Take out 1397.50,98.25& 1400.25 and look to that SOC at 1405.00 then balance highs etc.
     
  3. We do nothing. Fill the gap, literally.= LAME

Share this post

Link to post
Share on other sites

TheNegotiator    13

TheNegotiator
Posted

On the auction: if the market really is strong and bullish about news today, prior VPOC shouldn't be rejected. i.e. the test of 1400.25 is crucial. It could still reverse from there initially, but if I was a bull I would not like to see a quick rejection of that price area.

Share this post

Link to post
Share on other sites

TheNegotiator    13

TheNegotiator
Posted
On the auction: if the market really is strong and bullish about news today, prior VPOC shouldn't be rejected. i.e. the test of 1400.25 is crucial. It could still reverse from there initially, but if I was a bull I would not like to see a quick rejection of that price area.

 

If that were followed by the market falling back out of the prior 3-day balance, I believe there would be some toasted longs.

 

I'm not saying I believe this is what will happen, just thinking about what might be the consequences if it does happen.

Share this post

Link to post
Share on other sites

joshdance    10

joshdance
Posted
On the auction: if the market really is strong and bullish about news today, prior VPOC shouldn't be rejected. i.e. the test of 1400.25 is crucial. It could still reverse from there initially, but if I was a bull I would not like to see a quick rejection of that price area.

 

Perhaps the market will actually test the 00, but a rejection of 99.50 which has already printed would suffice as a test in my book. Tricky area up here and must be cautious. A failure to hold 93 would set up a key test at 89s. This failing, would make 78 much more likely. Lots of scenarios here but my primary points of reference are still 00 and 78.

 

If the lid is blown off and 00s do not hold, I am doubtful that 06s can provide the supply and 28 is next to the upside on my chart. 15-20 was a key low volume area, which may be swiftly rejected, but otherwise, 28-30 should print.

Share this post

Link to post
Share on other sites

Predictor    11

Predictor
Posted (edited)

I'm DFD (done for day). Somewhat an unusual day pattern imho... I *might* be tempted to rebuy a 90 retest but a lot of uncertainty and news driven today.

Edited by Predictor

Share this post

Link to post
Share on other sites

Predictor    11

Predictor
Posted

Nice work if you can get it.... now that's much nicer.. Just got filled off the 1404.25. -- I don't trade on news. I only use it for reports. Not many futures traders trade on news but rather global economic conditions.

Share this post

Link to post
Share on other sites

steve46    12

steve46
Posted

Colonel B

 

Trade the news constantly...this is a news driven market so if you fail to take notice, you will eventually take a whipping.

 

I use Bloomberg, however as you mention it is expensive...one alternative is to use the free resource available on the web...a bit slower but still effective. I also have a televised news feed on at all times (Bloomberg again because in my opinion MSNBC is useless).

 

Prior to the markets I call friends in the industry to gather enough data for a pre-market "call"

and once the bell sounds I try to "get a look" at the NYSE floor conditions (again consulting with old colleagues)...

 

Generally speaking I try to have a plan based on experience (seasonal tendencies) as well as local knowledge that I gather prior to the open. Once the open happens its all me...and I am either right or wrong...(you can see that pretty quickly if you are observant)...

 

When I am wrong, it costs me a few bucks and I try to get myself turned around (or I step aside), when I am right I try to build a position. Its about that simple.

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

    • Stocks4life
      Breakout and Swing Stock Ideas

      By Stocks4life · Posted

      ADMA Adma Biologics stock, watch for a range breakout, target 26 area at https://stockconsultant.com/?ADMA
    • Stocks4life
      Breakout and Swing Stock Ideas

      By Stocks4life · Posted

      URI United Rentals stock, nice rally off 829 support area, watch for top of range breakout at https://stockconsultant.com/?URI
    • HFblogNews
      HFMarkets (hfm.com): Market analysis services.

      By HFblogNews · Posted

      Date: 27th November 2024. S&P500 at its 52nd new peak for 2024; USD Firmer, Kiwi & Yen Up. Asia & European Sessions: Wall Street rallied into the close with the S&P500 and Dow registering more record highs with the S&P500 climbing 0.57% to 6045, its 52nd new peak for 2024. The Dow rose 0.28% to 44,860.3 for its 46th record of the year. The NASDAQ advanced 0.63%. Trump named Jamieson Greer as the US Trade Representative and Kevin Hassett to direct the National Economic Council. Greer was intimately involved in Trump’s first-term trade policy decisions. President Biden announced Israel and Hezbollah have reached a cease fire. Over the next 60 days the Lebanese army and state security will take control of their own territory and Israel will gradually withdraw its forces. FOMC minutes: Minutes from the Fed’s latest policy meeting revealed officials leaning toward a cautious approach to future rate cuts. All agreed to cut the rate by -25 bps and nearly all thought risks between achieving employment and inflation goals were “roughly in balance.” Upside risks to the inflation outlook were little changed, and while inflation had eased, it remained elevated. The implied December rate continues to hover around a 50-50 bet as we await the PCE price data Wednesday and the crucial jobs report on December 6. The January 2025 rate is priced for a total of 20 bps in cuts, with -75 bps by January 2026. RBNZ cut its cash rate by 50 bps, yet the Kiwi gained as traders analyzed the central bank’s rate outlook and the governor’s remarks. Chinese government approved a 500 billion yuan ($69 billion) bond quota, enabling two state-owned asset managers to issue bonds for funding projects aimed at spurring economic growth. Today: US inflation and economic growth may provide clues to the Federal Reserve’s next policy move. Financial Markets Performance: The USDIndex has dropped to currently 106.459. The Yen climbed with USDJPY pulling back to 151.82, while NZDUSD jumped to 0.5900 despite the RBNZ’s 50 bps rate cut. Oil prices stabilized at $68.84, with optimism over delayed OPEC+ output increases balancing the reduced geopolitical risk stemming from the ceasefire. Gold rebounds to 2653.54, with next Resistance at 2660-2664. 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.
    • Stocks4life
      Breakout and Swing Stock Ideas

      By Stocks4life · Posted

      RBLX Roblox stock, pull back to 49.2 gap support area at https://stockconsultant.com/?RBLX
    • Stocks4life
      Breakout and Swing Stock Ideas

      By Stocks4life · Posted

      UHS Universal Health Services stock, nice rally off the 197 support area, from Stocks to Watch at https://stockconsultant.com/?UHS
×
×
  • Create New...

Important Information

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

  I accept