The essentials
- Calibrate with a representative sample for the selected contract.
- Compare delta with price response and data coverage.
- Full and abbreviated prices follow the contract tick size.
Prepare the context
Choose the intended ES expiry and verify its tick size from the feed. Select the ES template at contract scope. Keep the chart, Time & Sales and a small set of sound controls visible. The template uses a rolling-volume starting point; it does not know whether your sample is overnight, opening activity or a news event.
Observe before adapting
Let the calibration sample warm up. Compare median print size with the suggested large-print threshold and inspect how many trades arrive each second. A percentile describes the observed sample, not a universal definition of institutional size. If you switch time periods or contracts, repeat the observation.
Compare two kinds of event
First listen for a large execution; then listen for aggregated volume or delta across a window. These can occur together but need not. A positive delta event followed by rising price differs from positive delta while price remains unchanged. Neither observation alone establishes the next direction.
Use spoken prices carefully
Enable tick-aware full prices while learning the instrument. Switch to pit shorthand only once the abbreviated language is familiar. Keep the complete price on screen; “fifty even” carries less context than the full futures price. Quote jargon describes bid and offer updates, not completed transactions.
Record a useful review
After the session, note the sample period, contract, manual or automatic thresholds, alert density and the events that were useful to inspect. Compare similar session conditions. If sound mostly distracted you, simplify before adding another signal.
Common questions
Does Squawk place orders?
No. Squawk describes captured market activity with tones, spoken updates and alerts. Its volume and stop controls do not change orders or positions.
Where can I find the settings reference?
The Squawk Help Center documents settings, templates, monitoring, price language and automatic volume thresholds. Follow the product guide links below.
Continue with the EdgeX product guides
These guides document the controls and data behavior used in this article.
Published by EdgeX Terminal, operated by EdgeProp Trading S.R.L. Product explanations are based on the EdgeX Help Center; external references are linked beside the relevant discussion. Examples are illustrative, not actual trading results. Futures trading involves risk; this material is education, not an individual trading recommendation.
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