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Welcome to the daily report , of the relevant high frequency trading events surfaced by
sceeto and Follow the Bots for trading the S&P 500 e-mini futures and the Spyder ETF.
Today's Monday, January 14th and you are looking at a 4 tick range bar chart in the forward
e-mini S&P 500 futures contract where the today's trading was very straightforward and
easy.
The market followed the bots throughout the day and there were quite a few great setups
for the astute modern tape reader.
In this chart you will notice 2 order flow insights surfaced by sceeto's Order Flow Monitor.
Offers replenished and bids replenished.
sceeto surfaces these insights when either the bids or the offers are replenished and
then executed with specific footprints that have matched the similar footprints of prior
historical intra-day market turns.
Here are some more interesting insights that sceeto's order flow monitor surfaces that
that of Tape Imbalance and Strong Tape Imbalance.
What this means is that the price action is not congruent with the order flow action.
Here we refer to as tape.
When the tape action and the price action are incongruent or not in sync, eventually
price will usually wind up reconciling this basic Supply & Demand discrepancy by reversing
itself as you can see happpened here today.
More insights into sceetos order flow monitor are surfaced regarding HFT Reversals where
h f t is High Frequency Trading.
This particular algo allows you to more readily Follow The Bots with your own trading.
Today offered a very cool example of what we refer to as 'trading bot rotation'.
In today's example the rotation was from the sell bots to the buy bots.
Now here's the sequence.
We had an H F T Sell Surge that inferred selling exhaustion of trading bots once our 'Sell
Programs Waning' Tipping Point Was established here at the low of the day.
The rotation was complete when new buying fuel came into the market as surfaced by sceetos
Reversal in equties H F T.
Our concept of Trading Bot Rotation that you see here is pretty cool and we encourage you
to learn more about how to read and how to trade this recurring phenomenon.
As usual our Spikes in MacDaddy worked very well for agile trader who wants to either
scalp or swing.
And today also offered a really classic look at how to compare Retail order flow with insitutional
order flow to allow you more accuracty and more confidence when entering a trade.
Here's the rule of thumb.
If the market is going down and Retail trade is above Institutional that's a good thing
because the retail trade is usually wrong at the wrong time and this insight allows
you to be a much more adept trader.
Conversely if the market is going up and retail trade is below insitutional that works too.
I hope that you found these trading bot and order flow insights helpful.
Hi. I'm Carl Weiss the chief architect of sceeto
sceeto’s real-time data advanced algorithmic order flow monitoring data can surfaced in
Ninja Trader, tradeStation, Sierracharts and Multicharts
Register for a free trial of sceeto at www.sceeto.com - thanks for stopping by.