Emini Chart Roundup – Saturday 29 Oct 2011 (22:47)
Video about what I’m looking for next week and thoughts on average trade size and interest rates. Just in case you’re bored and lonely this weekend. The video overran a little because I recorded it late in the day and without the aid of caffeine.
Link of the day …
Carl Weiss has a great little piece over at Algo Futures about order flow and the differences between FX, Equities and Futures.
He makes a great point that the order flow in FX has gaps and in Equities is being messed up by HFT (high frequency trading). Futures are still pretty pure and in particular he likes Crude Oil because the commercials (as opposed to speculators) are a larger part of the market.
Better Momentum and Better Pro Am rely on measuring that order flow – effectively they are plotting the swings and identifying Professional activity. So for me the futures markets, and particularly the Emini, are the best markets to trade.
Good luck with your Emini trading.