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 is Tuesday January 29th and you are looking at a 4 tick range bar chart in the
forward e-mini S&P 500 futures contract with our high frequency trading alerts and order
flow events surfaced by sceeto's Order Flow Monitor.
You will note that there was a flurry of trading bot sellling in the pre-market between 9 to
9 30 am eastern while price maintained a very tight band 2 point band between 1492.75 and
1494.75.
After this we saw a very clean trading bot rotation at the low of the day session with
an HFT Sell Surge followed by a White Tipping Point of Sell Programs Waning with new buying
fuel in the form of an HFT Buy Surge.
From that point on the Bots and price followed each other quite nicely.
This week we are showcasing a very simple technique that offers insight into the probality
for further price continuation.
This teqnique uses just price and MacDaddy.
When you see a higher high in price accompanied by a higher high in MacDaddy this indicates
that price will continue higher.
Conversely when you see a lower low in price and a lower low in MacDaddy this indicates
that price will continue downward.
In today's market you can see a higher high and price moved up.
and a higher high and price moved up.
our spikes in MacDaddy worked well today
and our proprietary yellow tick ratio also offered great signals.
and this is True Reckoning...which is a cool algo that we will start to incorporate when
applicable into our daily update.
I hope that you found these trading bot and order flow insights helpful.
Thanks for stopping by.
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