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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 Stocks4life · Posted
CORZ Core Scientific stock watch, pull back to 14.04 support area with high trade quality at https://stockconsultant.com/?CORZ -
By Stocks4life · Posted
SGHC Super Group stock watch, pullback to 6.17 support area with bullish indicators at https://stockconsultant.com/?SGHC -
By Stocks4life · Posted
BOX stock, hold the 31.75 support area or breakdown? at https://stockconsultant.com/?BOX -
By HFblogNews · Posted
Date: 2nd January 2025. The USD Retraces But Can The AUDUSD Correct To 0.62320? The AUDUSD trades at a 27-month low as the Australian Dollar struggled to maintain momentum in December and the Dollar has risen since the US elections. However, the Australian Dollar is increasing in value during this morning’s Asian Session due to positive Chinese Manufacturing data. Will the AUDUSD hold its bullish momentum to the mean (0.62340) of the most recent price range? AUDUSD - The Australian Dollar continues to struggle for sustained momentum! The primary reason for the increase in the Australian Dollar is the positive Manufacturing Data from China. The performance of China is known to be closely linked to the performance of Asian currencies such as the JPY but also the AUD and NZD. The Australian Dollar is the best performing currency of the day and is increasing in value against all currencies except against the JPY where it moves sideways. The US Dollar on the other hand is performing relatively poorly, and is retracing after yesterday’s gains. However, traders should note that the bearish price movement is relatively weak compared to the recent Dollar trend. The US Dollar Index rose in value for 4 consecutive weeks before retracing this morning. Therefore traders need to be cautious that the Dollar potentially may regain momentum. However, if the Dollar continues to decline a potential target may be seen at the average price of the previous range. The previous range formed between the 19th to the 30th December with an average price of 0.62320. The US Dollar Index reached its highest level since November 6th, 2022 Experts anticipate that Trump will reinforce protectionist policies, potentially reigniting active trade wars as he has done in the past. He previously announced plans to raise import tariffs on goods from China, Mexico, and Canada, while excluding European imports. Shifts in foreign trade are also expected to influence the US Federal Reserve's rhetoric. The December median interest rate forecasts indicate only two 25 basis point cuts in 2025, with any easing of policy not expected to begin before June. The hawkish Federal Reserve is able to support the US Dollar in the longer term and potentially tariffs may trigger a lower risk sentiment. The lower risk sentiment also may trigger a higher demand for the US Dollar. However, this would depend on the upcoming Trump policies. In the short-term, the US Dollar will also be influenced by this afternoon’s US Weekly Unemployment Claims release and the Final Manufacturing PMI. However, higher volatility is not likely to return until tomorrow’s trading sessions. AUDUSD - Technical Analysis In terms of technical analysis, the price of the AUDUSD is trading within a retracement of the day’s impulse wave. However, the price continues to remain at a lower high and lower low. In addition to this, the AUDUSD is also trading below the main Moving Averages and below the neutral level on most oscillators. Therefore, if bullish momentum is regained, traders potentially may focus on a correction to 0.62320 at first. If the price rises above 0.62142, the price will see stronger signals indicating a correction to this level. Conclusion: The US Dollar Index rose to its highest price since November 6th 2022 before the markets closed for New Years Day. The Australian Dollar is the top-performing currency in this morning's Asian session, recovering from its decline in December. Positive Chinese Manufacturing data boosts Asian currencies including the AUD, NZD If the price rises above 0.62142, it will signal a stronger correction to this level. 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
COCO Vita Coco stock, watch for a narrow range breakout above 37.18 at https://stockconsultant.com/?COCO
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