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

goodoboy    10

goodoboy
Posted

long 1455.25

 

reason: on economic data days, I like to wait til after news is released to determine which way price action is going. If its up, I buy on a retrace. This case long in hopes that overnight resistance 1456.25 is taken out and price goes higher. Closely watched.

Share this post

Link to post
Share on other sites

goodoboy    10

goodoboy
Posted
long 1455.25

 

reason: on economic data days, I like to wait til after news is released to determine which way price action is going. If its up, I buy on a retrace. This case long in hopes that overnight resistance 1456.25 is taken out and price goes higher. Closely watched.

 

stopped out at minus 1pt on that

no buyers up there, let see at 1450.25

Share this post

Link to post
Share on other sites

goodoboy    10

goodoboy
Posted
So I'm looking at the market thinking that the longer we go on without finding some new buyers, the more the singles/low volume tail from fed day looks like it could be tested further. Not to say it will be just that it's there. Overall my view is still to test that overhead high vol at 1479.00. 1464.25 could be a hurdle though if you take it as an extreme of a development (as drawn in cyan). Having said that, it was already broken last Friday and sellers stepped in to reverse us back down. The current action is helping to better define the long-term profile between ~44-64. Along with housing data today we have Consumer confidence at 10am which has the potential to move the markets. Spanish bond auction results weren't fantastic although if the market expects them to ask for a BO then it could ignore this entirely. In fact it could be that bad news is good news. There was also talk of legality of ecb bond buying earlier I believe. Anyway, here's a chart:-

 

attachment.php?attachmentid=31461&stc=1&d=1348575777

 

Thanks for the chart. ES stopped right at 1436.50, the day Ben announced more QE.

 

What a nice drop today!

Share this post

Link to post
Share on other sites

goodoboy    10

goodoboy
Posted
Taking a long down here at 1437. Stop at 1435

 

Reason: Just watching price action I notice price come to this 1436.50 and buyers come in, so the 3rd time it comes, I'm taking this trade.

 

Breakeven on this.

 

ES making lower lows at the moment. Lets wait and see

Share this post

Link to post
Share on other sites

goodoboy    10

goodoboy
Posted

short 1434.75. stop 1436.25 New Home Sales out in 30 min so, have this to watch as well

 

Reason: Price action making lower highs since and 1435.75 is looking like resistance. Plus LOD yesterday day is 1335.

Share this post

Link to post
Share on other sites

goodoboy    10

goodoboy
Posted
short 1434.75. stop 1436.25 New Home Sales out in 30 min so, have this to watch as well

 

Reason: Price action making lower highs since and 1435.75 is looking like resistance. Plus LOD yesterday day is 1335.

 

I'm out at 1430.75, getting too close to New Home Sales.

Share this post

Link to post
Share on other sites

TheNegotiator    13

TheNegotiator
Posted

So the selloff continued yesterday from open. Buyers were found near a low volume area from the last balance (green profile on chart) and it balanced for the remainder of the day even if the volume profile looked a bit funny (MP showed the balance better). For now at least it looks as though we're moving higher. If we were to drop off any more, the next area where liquidation danger lies is between 1418.50 down to 1396.75 although the long-term profile is better developed than the zone we tumbled through over the last two days. It's worth noting that although we've sold off hard, right now we're still in a broad upward sloping channel. Overnight, 35.25 seems to be becoming a level to be reckoned with.

 

Lots of numbers due out now and later with a bunch of speakers too.

 

(weak gdp read (1.3% exp 1.7%) isn't helping things right now if you're a bull)

 

attachment.php?attachmentid=31541&stc=1&d=1348749067

 

attachment.php?attachmentid=31542&stc=1&d=1348749067

 

attachment.php?attachmentid=31543&stc=1&d=1348749067

2012-09-27.thumb.jpg.5c6e756d625bc44b44926b9b5bc83195.jpg

2012-09-27_2.jpg.acd4e961d0a506f86d729906a49b5733.jpg

2012-09-27_3.jpg.247b628bd7559f77940e522192cc618a.jpg

Share this post

Link to post
Share on other sites

goodoboy    10

goodoboy
Posted
long here at 1432

 

reason: price action got stuck in a range and broke to the upside. So lets see what happens. Need this 1435 area to break up.

 

Breakeven on this one. Ouch, but thats the plan. Breakeven, because price broke demand line. Now what I should have done as once price got back above that 1432 showing support, was attempt long again.

Share this post

Link to post
Share on other sites

goodoboy    10

goodoboy
Posted
So the selloff continued yesterday from open. Buyers were found near a low volume area from the last balance (green profile on chart) and it balanced for the remainder of the day even if the volume profile looked a bit funny (MP showed the balance better). For now at least it looks as though we're moving higher. If we were to drop off any more, the next area where liquidation danger lies is between 1418.50 down to 1396.75 although the long-term profile is better developed than the zone we tumbled through over the last two days. It's worth noting that although we've sold off hard, right now we're still in a broad upward sloping channel. Overnight, 35.25 seems to be becoming a level to be reckoned with.

 

Lots of numbers due out now and later with a bunch of speakers too.

 

(weak gdp read (1.3% exp 1.7%) isn't helping things right now if you're a bull)

 

attachment.php?attachmentid=31541&stc=1&d=1348749067

 

attachment.php?attachmentid=31542&stc=1&d=1348749067

 

attachment.php?attachmentid=31543&stc=1&d=1348749067

 

Thanks for chart. It helps for targets to be reached.

Share this post

Link to post
Share on other sites

goodoboy    10

goodoboy
Posted
long 1438.50

 

reason: trend is up for the moment, so i better get on board. Clearly missed the first retrace at 1436, but oh well.

 

out at 1442.75. Wait and see what happens next. Not sure why this big move.

Share this post

Link to post
Share on other sites

TheNegotiator    13

TheNegotiator
Posted

Last day of Q3 today. Could be some interesting goings on but who knows. 9:55am Michigan release probably holds the most interest later on but it's also worth keeping your ear to the ground for news in case anything hits the wires that might change the day. What's everyone looking at today then? Will post a chart in a bit.

Share this post

Link to post
Share on other sites

TheNegotiator    13

TheNegotiator
Posted

Squawk is mentioning possible (rumoured) official request from Spain for bailout after European close later today. Also apparently the Spanish bank stress test results will be coming out at some point today, plus Moody's sovereign rating review for Spain.

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