Reading the tape

Tactical Awareness

Here you can see how the lows triggered the buy programs today. Our graybox triggered the plus indicators in real-time. Each new low triggered aggressive buy programs. I run this chart side-by-side AlphaReveal which helps improve my tactical/situational awareness. Right now our indicators are simple but we're working on more advanced ideas.

Fade: The biggest problem with most futures like the ES is that they are really big contracts. I'd like to see an ES contract about 1/5th the E-mini with equivalent all-in comissions per notional value or only slightly more then the ES. This would allow even the smaller to trader to trade several contracts when confident or only a few when uncertain.

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