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Welcome to the daily report , of the relevant order flow events events surfaced by sceeto
and Follow the Bots for trading the S&P 500 e-mini futures and the Spyder ETF.
Today is Tuesday February 12th and you are looking at a 4 tick range bar chart in the
forward e-mini s and p 500 futures contract.
And I think today again like yesterday and Friday traders were pretty much bored out
of their minds with the lack of volatility and range.
But a couple of things are pretty consistent if your following order flow.
We talk a lot about how price and macdaddy frequently move together and macdaddy can
give you a leading indication whether there is going to be price continuation.
We talk about higher highs in price accompanied by higher highs in macdaddy.
And you can see that here I have put a couple of arrows on the chart.
So you have a higher high in macdaddy and a higher high in price and the market moves
up.
And a higher high in macdaddy and a higher high in price and the market moves up.
And a higher high in macdaddy and a higher high in price and the market moves up.
Here you have a higher high in macdaddy but price doesn't move up.
Price is neutral so we are not going to take that.
Spike in macdaddy worked pretty well.
I can show you those here and a sell spike over here I think.
So even a tight market where there is no range you can scalp points using sceeto.
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