Limit & Stop orders remain on the exchange unless you are using a platform that might hold stop orders locally (SierraChart & Ninja sometime do that).
Most members on this site will tell you that you must trade with a backup device... i.e iPad or second laptop loaded with brokers software...
Seems to me that Iran negotiations are driving price this week for teh EU market. regarding the US; DOE report was bullish no?.. yeah we know that crude stockpiles are high but refined product demand is good. Exports or domestic -I don't know.
1a. There is generally more depth than you can see on the limit order book.
1b. Even if what you see is all of the offer... when you start buying you might attract institutional sellers.
2. 3000 is a large amount. You could drive the market 15+ ticks even during liquid hours. *However*...
Surprised no one has brought this up yet...
+RBOB/-CL crack is really thin.
I also read that the "crack" is now negative in the middle-east.
Also that Indonesian demand for refined products has dropped 20% recently.
Any thoughts ?
OK so I did a bit of digging and found nearly all US - Portugal internet traffic uses the UK for transit.
Real-world UK-CHI is about 130ms. Add another 40ms for the UK-PT hop = 170ms (Portugal-Chicago).
These are the sub-marine cable systems linking Portugal with the UK:
Doesn.t look...
When the market is set-up for a decent reversal, I can't trade it, and it's killing me.
Sometimes it's better to fade,.. and other times compete on price breaking-out,.. and most of the time I can see what's going-on and where the traps lie.
I can call the "bottom" or "top" of most ranges...