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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: 18th December 2024. UK Inflation Climbs: All Eyes on the Fed’s Next Move! US Retail Sales increase by 0.7% in November surpassing expectations of +0.6%. The US Dollar Index rose in value on Tuesday after starting the day with a bearish price gap. This week the US Dollar Index trades sideways as traders await the Fed’s rate decision. The Federal Reserve will confirm their rate decision this evening with most experts expecting a 0.25% adjustment. The UK’s inflation rate increases from 2.3% to 2.6% meeting the market’s previous expectations. The GBP quickly increases in value against all currencies. Analysts expect the Bank of England to pause but expect at least 2 monetary policy members to vote for a rate cut. GBPUSD - Both The Fed and BoE Are Scheduled To Announce Their Interest Rate Decisions! The GBPUSD rose up to 0.40% in value on Tuesday before slightly retracing and closing the day with a 0.21% gain. The increase in value is primarily due to the UK’s employment data which shows signs of stability and salary growth. The Bank of England is concerned the growth in salaries will continue to provide support for inflation. As a result, the BoE will likely pause in today’s rate decision. During this morning's Asian session, the GBP saw a sudden bullish spike after the UK made public its inflation rate. The UK’s inflation rate increased from 2.3% to 2.6% which is an 8 month high. The higher rate of inflation along with high salary growth is likely to prompt the Bank of England to keep the rate unchanged at tomorrow’s meeting and for the upcoming months thereafter. During this morning's Asian session, the GBP saw a sudden bullish spike after the UK made public its inflation rate. The UK’s inflation rate increased from 2.3% to 2.6% which is an 8 month high. The higher rate of inflation along with high salary growth is likely to prompt the Bank of England to keep the rate unchanged at tomorrow’s meeting and for the upcoming months thereafter. October's labor market data, which came in positive, continues to improve sentiment towards the Pound and UK. The unemployment rate held steady at 4.3%, employment rose by 173,000 instead of the expected drop of 12,000. Average wages, both with and without bonuses, grew by 5.2%, beating forecasts of 4.6% and 5.0%, respectively. On Tuesday, the GBP rose in value against the US Dollar, Swiss Franc and the Euro, but fell in value against the JPY. During this morning’s Asian session, the GBP is increasing in value against all currencies except against the Euro. However, traders will monitor if the GBP is able to maintain momentum against the US Dollar. Bank of England Supporting The GBP! As inflation in the UK over the past 3 years rose to a level substantially higher than the US and the Eurozone, the Bank of England is aiming to cut interest rates at a slower pace. The UK’s inflation peak was at 11.1%, the US inflation peak was 2% lower and the EU 0.5% lower. As a result, the GBP is maintaining its value and has been supported by this factor over the past 2 days. All experts currently believe the Bank of England will keep its base rate at 4.75% and cut rates at a slower pace than the Federal Reserve. However, investors believe that of the 9 members within the Monetary Policy Committee, 2 will vote for a rate cut. If more than 2 vote to cut rates, the Pound may come under short term pressure. Federal Reserve The Federal Reserve is due to make a decision on the Federal Fund Rate. Currently, the market believes the FOMC will vote to adjust rates by 0.25%. The CME FedWatch Tool indicates there is a 95% chance of the Federal Reserve opting to cut to 4.25-4.50% and the slightly lower bond yields also indicate a cut. However, when taking into consideration the rise in consumer and producer inflation, resilient employment sector and yesterday’s strong retail sales data, the possibility of a pause remains. The US Retail Sales increased by 0.7% in November surpassing expectations of +0.6%. The increase was the strongest in 4 months, however, Core Retail Sales only rose by 0.2%. One of the main elements which traders will be monitoring is if the Fed will indicate 2 or 3 cuts. Currently, the market is pricing in another 2 rate cuts. If the Chairman, Mr Powell, indicates the central bank could cut up to 3 times, the US Dollar is likely to come under pressure. Some traders fear that the Fed may suggest a full pause in the easing cycle or a significant slowdown in 2025. This concern has arisen because of inflation and newly elected US President Donald Trump's trade tariff policies on imports. If traders sense this hawkish tone within the Chairman’s Press Conference this evening, the US Dollar could see significant gains. Particularly as this will trigger higher bond yields which are already trading close to 6 month highs. For further information on the Federal Reserve and Bank of England’s rate decision traders can join HFM’s Live Analysis on YouTube (Today at 12:00 GMT). GBPUSD - Technical Analysis In terms of technical analysis, the GBPUSD maintains its slightly bullish bias as per yesterday’s market analysis article. However, even though the price has risen since yesterday, the GBPUSD has yet to hit the 1.27464 level mentioned earlier. The price movement will depend strongly on the Federal Reserve’s rate decision and the guidance they provide for the upcoming 1-2 quarters. If the GBPUSD is able to maintain bullish price movement and rise again back up to the day’s high (1.27264), the exchange rate may maintain its buy indications from Moving Averages, RSI and price action. 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 Leveraged 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
CVNA Carvana stock, watch for a narrow range breakout, target 300-315 area at https://stockconsultant.com/?CVNA\ -
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VSTM Verastem stock, nice trend with a pull back to the 4.63 support area at https://stockconsultant.com/?VSTM -
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IGT International Game Technology stock, solid breakdown, from Stocks to Watch short at https://stockconsultant.com/?IGT -
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KVYO Klaviyo stock, nice close and breakout at https://stockconsultant.com/?KVYO
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