NexusFi: Find Your Edge


Home Menu

 





How to detect short term directional bias on the ES (TICKS, TRINQ....)


Discussion in Emini and Emicro Index

Updated
      Top Posters
    1. looks_one hen322 with 3 posts (1 thanks)
    2. looks_two brakkar with 2 posts (1 thanks)
    3. looks_3 Quick Summary with 1 posts (0 thanks)
    4. looks_4 TheShrike with 1 posts (0 thanks)
    1. trending_up 1,416 views
    2. thumb_up 2 thanks given
    3. group 4 followers
    1. forum 6 posts
    2. attach_file 0 attachments




 
Search this Thread

How to detect short term directional bias on the ES (TICKS, TRINQ....)

  #1 (permalink)
 brakkar 
Paris + France
 
Experience: Advanced
Platform: SierraChart
Trading: NQ
Posts: 69 since Feb 2014
Thanks Given: 30
Thanks Received: 39

Hi,
since the ES is a stock Index future, I'm thinking of using any possible tool from the stock market to try to detect very short term intraday directional biases.

Here is what I'm thinking of using, please complete the list with what you are using:

- Correlation with NQ, YM
- TICK
- TRIN
- PUT/CALL ratio

Anything else worth using?

Started this thread Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
What broker to use for trading palladium futures
Commodities
About a successful futures trader who didn´t know anyth …
Psychology and Money Management
Quant vue
Trading Reviews and Vendors
MC PL editor upgrade
MultiCharts
 
  #3 (permalink)
 
hen322's Avatar
 hen322 
San Francisco CA
 
Experience: Advanced
Platform: NinjaTrader, TOS, Jigsaw
Broker: Dorman Trading
Trading: ZN and Stocks
Posts: 147 since Apr 2019
Thanks Given: 183
Thanks Received: 276



brakkar View Post
Hi,
since the ES is a stock Index future, I'm thinking of using any possible tool from the stock market to try to detect very short term intraday directional biases.

Here is what I'm thinking of using, please complete the list with what you are using:

- Correlation with NQ, YM
- TICK
- TRIN
- PUT/CALL ratio

Anything else worth using?

I think it depends on what trading plateform you are using. I use Ninjatrader, and its OrderFlow+ really helps me. I use there Volumetric charts and the volume profile to see where the support or resistance is growing from certain price levels. It helps me alot during my scalping plays at the open.

I don't find the TICK, TRIN, or PUT/CALL ratios help me much. I use them to confirm that my charts are in sync.

Visit my NexusFi Trade Journal Reply With Quote
  #4 (permalink)
 brakkar 
Paris + France
 
Experience: Advanced
Platform: SierraChart
Trading: NQ
Posts: 69 since Feb 2014
Thanks Given: 30
Thanks Received: 39

Thanks, I was more looking for kind of "external" tools, not related to any direct price/volume analysis of the instrument in question.
Something like TICK, TRIN and the like....

Started this thread Reply With Quote
  #5 (permalink)
 
hen322's Avatar
 hen322 
San Francisco CA
 
Experience: Advanced
Platform: NinjaTrader, TOS, Jigsaw
Broker: Dorman Trading
Trading: ZN and Stocks
Posts: 147 since Apr 2019
Thanks Given: 183
Thanks Received: 276


brakkar View Post
Thanks, I was more looking for kind of "external" tools, not related to any direct price/volume analysis of the instrument in question.
Something like TICK, TRIN and the like....

dark pools. I never used it, but that's the only other external tool i can think of.

Visit my NexusFi Trade Journal Reply With Quote
  #6 (permalink)
 
TheShrike's Avatar
 TheShrike 
Bridgeport, Ct
 
Experience: None
Broker: Tasty
Trading: Fops
Posts: 533 since Jun 2012
Thanks Given: 1,588
Thanks Received: 923


brakkar View Post
Hi,
since the ES is a stock Index future, I'm thinking of using any possible tool from the stock market to try to detect very short term intraday directional biases.

Here is what I'm thinking of using, please complete the list with what you are using:

- Correlation with NQ, YM
- TICK
- TRIN
- PUT/CALL ratio

Anything else worth using?

Advance decline difference and ratio

Reply With Quote
  #7 (permalink)
 
hen322's Avatar
 hen322 
San Francisco CA
 
Experience: Advanced
Platform: NinjaTrader, TOS, Jigsaw
Broker: Dorman Trading
Trading: ZN and Stocks
Posts: 147 since Apr 2019
Thanks Given: 183
Thanks Received: 276

What about the VIX. I used it today, I had it on a 1min chart with a 30sma. It worked great for me on reading my trades today.

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:




Last Updated on May 17, 2019


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts