Daily Report 1st Feb 2013 Live Alerts Follow The Bots And HFT Order Flow for trading the S&P 500 Emini Futures. Well on a historic day today when the Dow finally breached 14,000 for the first time since 2007 you might wonder does it make a difference overall. Whilst it's good to be aware of it and it's good news at least, the day trader really just needs to know where the price is right now and where he or she thinks it will be in the next 10 minutes 30 minutes an hour etc.
This of course is the very reason trading can be so difficut. We at sceeto try to make it easier for you by giving you some great tools to have in your traders toolbox. Sceeto indicators are real time and don't lag, so you can get live alerts on your charts as to what the order flow is doing, is there more buy or sell order flow? Are high frequency traders active and if so what way are they going ? Well with sceeto we help you determine that by alerting you real time.
You can use sceeto as a great confirmation used in conjumction with your other indicators or just with price action or of course on it's own as sceeto indicators are realtime and because order flow moves before price does, they can also be leading indicators. Again why not sign up for a free trial at http://sceeto.com/user/register and don't forget to check out our other videos to learn more.
Defenition of price action trading courtesy of Wikipedia creative commons licence
The concept of price action trading embodies the analysis of basic price movement as a methodology for financial speculation, as used by many retail traders and often institutionally where algorithmic trading is not employed. Since it ignores the fundamental factors of a security and looks primarily at the security's price history — although sometimes it considers values derived from that price history — it is a form of technical analysis. What differentiates it from most forms of technical analysis is that its main focus is the relation of a security's current price to its past prices as opposed to values derived from that price history. This past history includes swing highs and swing lows, trend lines, and support and resistance levels. At its most simplistic, it attempts to describe the human thought processes invoked by experienced, non-disciplinary traders as they observe and trade their markets.[1][2][3][4] Price action is simply how prices change - the action of price. It is readily observed in markets where liquidity and price volatility are highest, but anything that is bought or sold freely in a market will per se demonstrate price action. Price action trading can be included under the umbrella of technical analysis but is covered here in a separate article because it incorporates the behavioural analysis of market participants as a crowd from evidence displayed in price action - a type of analysis whose academic coverage isn't focused in any one area, rather is widely described and commented on in the literature on trading.
