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threat about intraday trading e-mini futures (nq, ym). i will put my trades here, sometimes with a small comment maybe.. i use 2 minutes charts, volume, intermarket & orderflow (tapereading) analysis
whoever wants to participate in the thread is welcomed. if you trade the same markets within the same (or similar) timeframe, feel free to join. id really like to see, what is other people´s approach when it comes to daytrading on e-mini markets :-)
let´s start with some examples from the last week or so. it seems like i really liked shorts that time.
as you can see, i don´t hold the possition for too long, generally somewhere about couple of minutes and the first part is closed. i use multi-contracts possitions. all trades are live. all trades are 100% repeatable.
full yellow lines = profits, dot yellow lines = loss
Hello! Looking forward to your thread. Would be able to comment on how you use volume and orderflow in your trading?
I currently use the same approaches(albeit i can switch timeframes on a dime), but for volume I use it as mainly exhaustion signal. Do you use it in the same manner or different?
And would you possibly be able to go over in using orderflow to make a decision on a trade? I am still trying to learn orderflow but seems inconsistent.
yeah, orderflow analysis is the principal timing entry method i use for my trades. that is why i am able to take trades with very low heats (drawdowns are commonly up to 3-4 ticks).
over time i will reveal more on that and exactly how i use it so that it makes sense as a whole.
there is not only exhaustion of one side on the market auction that i use for putting a trade. but yeah, it might be a good starting point. there are other situations - gradation, concentration or abusing liquidy of public (retail) traders to mention just a few "model" situations that i observe. and it all needs to be put into a proper context.
if you are interested in orderflow reading, feel free to ask or post a screenshot of a situation so that we can discuss upon it.
What order type are you using for entry and exit? Can or do you scratch a lot of trades? I've known traders who claim to be able to do this. But a true scratch in my opinion is not a recovery, a true scratch means you have to buy the bid and get out before it drops or else you are not guaranteed a recovery. Do you use the market depth at all? Someone with good knowledge of scalpers told me he'd never known a successful scalper who didn't use the market depth.
Also, I don't see any order flow on that chart. What are you calling order flow?
i use limit orders for 100% of my entries and limit orders for 99,9% of my exits. market order only when i need to flat it. i consider the limit side to be much more "clever" as it belongs to the market makers which i kind of track.. the market orders generaly belong to retail who doesnt know much and i trade against them. i am not a scalper..
and yes, i use market depth, footprint charts, times and sales, and other things for orderflow reading.. these charts are plain just to show the results.. u can see more on my blog
yesterday i didnt trade, today, there was a nice situation on nasdaq nq - against predictible buyers on daily low. this was the only trade i took today, because i was quite busy and had to leave
one more thing to mention today - there were observable huge buy market orders flowing into nasdaq futures after it broke the daily high of previous day. since then, the price moved really in a sluggish pace.
i wanted to open 3 contracts but there was not enough space..
+175 is ok in these hours, but anyway i belive i nasdaq is going to go higher while abusing the liquidity of high sellers who are trapend into the intermarket divergence..