Fast scalping on the YM emini using the Quantum indicators for NinjaTrader
A tricky session trading the index futures which all moved in a narrow range during the US session.
https://youtu.be/7mnN8hijwN4...
Using the tick charts and renko charts to day trade indices on NinjaTrader
A very typical day trading the indices as we focus on the YM Emini index. Bearish price action in the early part of the session was replaced later in the day with a nice reversal off a deep hammer candle. Both tick charts and renko charts reveal momentum as they are non-time based, and so give a clear view on participation and momentum which was lacking in this session. Scalping these markets requires speed and timing, and choosing levels of where to enter and likely return.
https://youtu.be/HM_-0pstBC8...
A terrific day of emini trading using tick and time charts
This was one of those days we call a red letter day, with the ES emini, the YM emini and the NQ emini all delivering wonderful trading oppportunities for the scalping intraday index trader using the Quantum Trading tools and indicators. Here we used a blend of time based and not time based charts, with the renko and the tick charts revealing momentum, and then blended with the time based charts for applying volume price analysis.
Here the Tickspeedometer is the go to indicator, delivering the real time optimal tick speeds for our tick charts, and with the renko optimiser also offering the same, a power combination of non time based charts to support our time based analysis. The best of both.
https://youtu.be/T54yYrbtERg...
The volume point of control confirmed it all!
Another session for day trading the US indices where patience and more patience was required, but as always it’s volume spread analysis coupled with the Quantum Trading tools and indicators which helps to keep us safe and stop us from jumping in and then regretting this decision. The volatility indicator was once again much in evidence as indeed was the accumulation and distribution indicator for NinjaTrader, helping to define those key levels of price support and resistance which are so important.
The volume point of control was also much in evidence with the primary US indices of the ES, the YM, and the NQ all rotating around key levels as price agreement was reached in the faster timeframes. The tick charts too also confirmed this lack of interest and participation with the tickspeedometer indicator delivering very clear messages of danger ahead as the red warning signals flashed loud and clear. The messages were clear – wait and be patient. The trades...
Day trading the ES emini on tick charts and tickspeedometer delivers solid profits
An interesting session for US indices where despite the relatively narrow price action, the tick charts delivered some solid trading profits for intraday scalping traders. The focus in this session was on the ES emini, the most heavily traded index, and using tick charts in combination with the Ninjatrader Tickspeedometer indicator. This approach delivered some solid results despite the fact markets were waiting for FED chair Powell to deliver a speech to the Economic Club of Washington DC, with a question and answer session to follow. It was no surprise to see markets trading in a relatively tight range, but nonetheless delivering for the emini scalping trader.
https://youtu.be/5D7MM3Ffik8...
US mid-term elections dominate price action in all markets
Waiting for the US mid term elections was reflected in the markets this afternoon, and following an initial move higher, that was it for the rest of the session as all three indices rotated around the VPOC on the fast timeframe charts and lacking both direction and participation. The price action was no great surprise given the political landscape along with the FED decision due on Thursday.
But as always on such days, it reminds us we have to be patient and wait for the trading opportunities to arrive and not force them, where none exist which was the case for index traders today. This general lack of momentum was also reflected in related markets with the US dollar and gold both trading in narrow ranges. The terrific price action of October, a nightmare for investors, but joyous for traders, now seems to be a dim and distant memory as we wait for the Santa Claus rally to appear on the...
When volume really does reveal the truth behind the price action
https://youtu.be/aHAf6LAAgkE
An excellent trading session for US indices, commodities and stocks following the extreme moves of last week and at times such as this, volume price analysis becomes ever more powerful in helping to reveal the truth behind the price action. What was interesting here was the volume associated with the wide spread down candle which was the precursor to extreme volatility which followed and which is likely to continue for the next few days as markets calm after the storm. Whilst the volume associated with the candle was high, as we explained in the session, this appears to be an anomaly and certainly when compared to volume on the following day which was extreme, and highlighted this anomaly further. So what are we to make of this, and all was explained in the session as we focused on the YM emini daily chart along with other US indices.
And for intraday index traders, we picked up a great move in the...
A wonderful day for reversal traders in US markets
A real game of two halves today in the US day trading session with the risk off sentiment expressed in the first half, duly replaced with a return to risk on, as the major US indices and exchanges reversed all the losses of the first part of the session to close near or above the opening price.
In this session we focused on the YM emini index with some classical price action, both intraday and on the daily chart itself. Volume price analysis as always is the starting point, and with last week's NFP still fresh in the mind, the prospect of rising interest rates had taken their toll on the markets. However, on both the 4th and 5th of October, whilst the indices fell during the session, they also recovered off the lows and more importantly on high volume, sending a clear signal that the big operators were buying and absorbing the selling pressure. Indeed this was the pattern we...