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

TheNegotiator    13

TheNegotiator
Posted
Looks very weak overnight... unless some strong buying comes in, I will look to short.

 

Possibly yes. But remember so far we're still in yesterday's range. It's more than possible that it'll be a sell on open, but if that doesn't happen then there are some good places to look at a short on retest if we're patient. 1235.75 looks to be key on the up side if a rally can get going. 1197.25(/98) and 1190.00 are key test down side targets.(1205.75 might be handy to have in the back of your mind too).

Share this post

Link to post
Share on other sites

TheNegotiator    13

TheNegotiator
Posted

Well, it didn't quite manage to close the gap but it did test the right area I mentioned before open before selling off. There's still plenty of time for it to get back above yesterday's close or test 1198 area.

 

Hope you managed that short you were looking for Josh.

Share this post

Link to post
Share on other sites

joshdance    10

joshdance
Posted
Well, it didn't quite manage to close the gap but it did test the right area I mentioned before open before selling off. There's still plenty of time for it to get back above yesterday's close or test 1198 area.

 

Hope you managed that short you were looking for Josh.

 

No trades today yet N ... not much bull strength, but sentiment seems to have changed. Don't want to get caught, so being cautious here.

Share this post

Link to post
Share on other sites

joshdance    10

joshdance
Posted
If that's true, doesn't that say that the bears are a little bit too passive considering where we are?

 

You mean that they should have already pushed it back down instead of letting it linger?

Share this post

Link to post
Share on other sites

TheNegotiator    13

TheNegotiator
Posted

If it's broken out of balance and in a big gap trading void, should it really be dithering? Either traders are going home for xmas early, they are waiting for something or actually the selling conviction is less than you would think. In fairness, if OTF had joined in today, we might have tested say 1190 or there abouts. Who knows for sure though :)

Share this post

Link to post
Share on other sites

joshdance    10

joshdance
Posted
If it's broken out of balance and in a big gap trading void, should it really be dithering?

 

I attribute the dithering somewhat to the time of day. Also, while not any selling conviction at this moment, there has been little to no buying conviction at all today until recently. And it can't keep going straight down. They need buyers to buy in, feel the pain, and then use them to help it slide down; not saying that will happen, but it's got to go up enough to rope in enough people who will later bail. If it's below 1213, sellers still in control IMO. Not saying I won't take a long if it looks right though, almost took the 06.50 long off of vpoc and IB low.

Share this post

Link to post
Share on other sites

joshdance    10

joshdance
Posted

Frustrating. Could have left stop at 14, but after a 1 tick failure to break down at 11.25, I thought for sure (especially with the apparent urgency in which it came back up) that it was headed for 18s... instead, it breaks 1 tick above, it holds, and then down we go to my target 08.50 ... so they will only sell 250 contracts at 11, but then after it makes yet another high they'll sell 650, and then they'll sell at 10s and 09s ... brilliant.

 

I still give myself an A on the trade for waiting to get such a great price to give myself the flexibility of keeping my risk so small. Easy to say now I should not have moved my stop, but I think what happened here is not the norm, and in 3 out of 4 other cases I would have been tagged for a loss (albeit a small one). Took no heat on the trade, went in my favor 2.25, before eventually to my target of 4.75 -- always a good thing,

Share this post

Link to post
Share on other sites

TheNegotiator    13

TheNegotiator
Posted

you have to be able to accept you may take a loss. just remember that the back and forth trade in ES is generally 2-3 points in a move, so 2.25 points doesn't really mean much. the focus should've been on what it is doing rather than what it might do when you are in the trade.

Share this post

Link to post
Share on other sites

joshdance    10

joshdance
Posted

Good point N -- I reasoned that after a 1-tick failure to break the high, that it should not retrace all the way back to the high, much less go above it and do yet another 1 tick failed breakout and then go. I know 2.25 isn't much, but it was where it was at that I looked at. Either way +0.25 is better than nothing I suppose (though not much better :) )

Share this post

Link to post
Share on other sites

TheNegotiator    13

TheNegotiator
Posted
Good point N -- I reasoned that after a 1-tick failure to break the high, that it should not retrace all the way back to the high, much less go above it and do yet another 1 tick failed breakout and then go. I know 2.25 isn't much, but it was where it was at that I looked at. Either way +0.25 is better than nothing I suppose (though not much better :) )

 

Personally Josh, I hold much more store in 1 tick fails at extremes.

Share this post

Link to post
Share on other sites

joshdance    10

joshdance
Posted
Personally Josh, I hold much more store in 1 tick fails at extremes.

 

The prior high at 13.25 does not count as an extreme to you? Except for the fake run up first thing at the open, this was the most major swing high of the day.. ? Granted, it's not HOD, or extreme relative to larger swings, but intraday it looks like a major area to me. And turns out it was actually.

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

    • HFblogNews
      HFMarkets (hfm.com): Market analysis services.

      By HFblogNews · Posted

      Date: 22nd January 2025.   Netflix Earnings Surge Driving the NASDAQ to Monthly Highs!   The NASDAQ increases in value for a fourth consecutive day, gaining momentum after Netflix stocks rise more than 15%. Earnings reports are gaining speed for the technology sector, but why has Netflix stocks seen such a high and sudden rise in demand? Netflix Stocks Increase 15% Supporting the NASDAQ! Netflix stocks have been one of the best-performing stocks within the NASDAQ, rising more than 79% in 12 months. However, even for Netflix, a 15% rise in less than 24 hours is considered substantial. The quarterly earnings report was made public by Netflix after the market closed on Tuesday. The earnings report confirmed the following: Netflix beat their earnings per share expectations - $4.27 reported vs $4.21 expectations. Netflix’s revenue surpasses the previous quarter - $10.25 billion this quarter vs $9.82 billion in the previous quarter. The online streaming company confirms projects to expand into live sport and event streaming will proceed. In addition to this, the company’s forward guidance for 2025 remains positive. Netflix is the 10th most influential company for the NASDAQ meaning the positive earnings data and bullish price movement supports the overall price of the NASDAQ. In addition to this, the positive earnings improve the sentiment towards the entire US technology sector. Investors will now turn their attention to the quarterly earnings report for Intuitive Surgical. Intuitive Surgical stocks on Tuesday rose 1.94%. How is the Economy And Politics Affecting the NASDAQ?     The US stock market is witnessing an upward correction after struggling in the last weeks of 2024. The bullish price movement is a result of a sharp decline in bond yields, the new US administration and earnings season. Investors remain relieved that bond yields have fallen back down from the 5.00% level. If bond yields continue to decline further, particularly below 4.50%, the move would be deemed as positive for the US stock market. President Trump took office on Monday and so far the pro-US rhetoric from the President, Vice President and Secretary of State continues to support the stock market. So far, the main concern is how upcoming tariffs can negatively affect inflation and growth. However, some economists advise tariffs will become the “norm” and may have a lesser effect compared to 2018. However, this is something traders will continue to evaluate and monitor. The VIX this morning fell 0.83% lower and trades more than 5.70% lower over a 7-days. The lower VIX indicates a higher risk appetite towards the stock market. If the VIX continues to decline a strong buy indication may materialize. On the most influential stocks for the NASDAQ, 82% rose in value on Tuesday. However, Apple stocks, the most impactful stock, fell 3.19% due to poor sell data. If Apple stocks continue to decline, the NASDAQ’s upward trend may come under strain. In the meantime, investors over the next week will continue to monitor upcoming earnings reports. NASDAQ - Technical Analysis The price of the index is trading significantly higher than all Moving Averages on a 2-hour timeframe and relatively high on oscillators. These factors indicate that buyers are controlling the order book. However, price action also confirms the latest impulse wave measures 3.43% which is normally the point at which the index retraces. This is something that investors may also consider. The retracement potentially also may be triggered by Netflix buyers quickly selling to cash in profit after the sudden 15% bullish surge. If a retracement does indeed form, price action and the 75-period EMA indicates that the pullback may drop as low as $21,391.30.     Key Takeaways: The NASDAQ increases in value for a fourth consecutive day, but price action signals a possible retracement before continuing its bullish trend. Netflix stocks increase more than 15% due to strong earnings data. Netflix beat earnings and revenue expectations by 1.39% and confirmed projects to add live sports streaming to its platforms. The VIX trades more than 5.70% lower over a 7-days and US Bond Yields remain at recent lows. On the most influential stocks for the NASDAQ, 82% rose in value on Tuesday. 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.
    • Stocks4life
      Breakout and Swing Stock Ideas

      By Stocks4life · Posted

      DASH DoorDash stock, watch for a top of range breakout at https://stockconsultant.com/?DASH
    • Stocks4life
      Breakout and Swing Stock Ideas

      By Stocks4life · Posted

      SYF Synchrony Financial stock with a top of range breakout at https://stockconsultant.com/?SYF
    • Stocks4life
      Breakout and Swing Stock Ideas

      By Stocks4life · Posted

      RKLB Rocket Labstock, big rally off support and breakout at https://stockconsultant.com/?RKLB
    • Stocks4life
      Breakout and Swing Stock Ideas

      By Stocks4life · Posted

      RDW Redwire stock, what a launch off the 14.16 support area at https://stockconsultant.com/?RDW
×
×
  • Create New...

Important Information

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

  I accept