Day Trading the E-mini Futures with Predictor

[Predictor 11]

One of the tricks liquidity providers will use to make it appear there is activity is pull bids and offers slightly off market to attract trade... often we get a little move higher and then a drive lower

[Predictor 11]

Today rare day where I exceeded my profit target and swung to a loss. The market really changed when we retested 14.25. The herd got short into a larger traders replenishing bid. Still at that time, I was doing quite well. I think one of my anticipations was that a lot of inventory was taken out at 13 and the the dominant trader was still short biased. I notice I have to be very careful when crowd catches on because they usually muck things up.

 

Still the problem was at end of day, I got a bit greedy and was a bit slow footed. I always tell the (few traders) I've trained to be ready to act in worst situation to prevent it from getting even worse. Its usually a warning when I can't get my limits filled on multiple retests.

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[Predictor 11]

Bias is to lean short... this market is causing me some trouble lately...lots like v spike moves

[Predictor 11]

Many HFT bots in futures are programmed to market in orders in front of order book imbalances. At times, this can make it difficult to get a limit order order filled. I can see this very easily using AlphaReveal. However, the larger speculators will tend to get their limits filled eventually as they are a stronger hands player.

[Predictor 11]

HOD for next few hours appears to be in.

[Predictor 11]

That should read: at least for next few hours. It looks like today could still yet turn into a selling day.

[Predictor 11]

Below order book imbalances often rest stops which helps the market to trend a bit.. Some people talk about liquidity but they don't stop to think who is providing liquidity to shorts or longs? These HFT bots go to market in front of these imbalances preventing slower traders from getting their limits filled and then they dump into them when they are able to detect the market shifting.

 

At any rate... good day and done for day. Some buying coming in at this 17ish level

[Predictor 11]

I'll will bid 13ish for any reversal

[Predictor 11]

Buying is very correlated now...

[MadMarketScientist 11]

Thread cleaned - please be respectful of other people's threads. If you do not like the content on it, please ignore it. If you still want to discuss this, head over to the newly created thread: http://www.traderslaboratory.com/forums/e-mini-futures-trading-laboratory/15718-debate-predictors-emini-thread.html

 

Offending and rude posts will be deleted

 

thx

MMS

[Predictor 11]

My hypothesis is that HOD is in for a few hours... will watch to see if I'm right

[Predictor 11]

22 appears to be a very high probability now

[Predictor 11]

Short off the open.....

[Predictor 11]

Some LQ providers are bid just below 25.. may lead to small bounce but anticipate roll over to continue

[Predictor 11]

Nice! I will re-offer around 26

[Predictor 11]

Attempting bid off the 25...

[Predictor 11]

I'm calling the LOD is in...

[Predictor 11]

Wrong on that one... difficult day today started off well.. ended poorly

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I'm thinking that the liquidity providers may start pull from market if this slide continues... HFT bots don't have anyone else to lean on

Edited February 20, 2013 by Predictor

[Predictor 11]

Strong selling at these highs...

[Predictor 11]

Bid coming in at 18ish...

[Predictor 11]

Bias is long for scalp but looks like day could trade lowr

[Predictor 11]

I imagine today would not be a good day to be a liquidity provider in the ES.

[Predictor 11]

Anticipating new highs...

[Predictor 11]

Market is a bit harder to read the day.. unsure why.. maybe less liquidity..

[Predictor 11]

Offering at 97........