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...
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Off-exchange trading is not the topic at hand. Your points would be relevant if it was- but it's not..
The whole point of the thread is to highlight a situation that can arise where a market participant knows the layout of stop loss orders... and in particular; when that participant...
My Broker is a clearing member of CME but uses a separate firm for ICE /ICE Europe.
I won't name them as the situation is typical amongst many brokers.
Possible danger is that, this clearing member on ICE that's taking in the trades might also be one of the Lead Market Makers. If so, the...
I was thinking about going over there.
Yeah, Nice scenery, good food, learn another language... Maybe get a chance to practice it ;-).
I saw fibre broadband was like EUR30-50 month.
Cheap, if unlimited, but how's the ping / stability to Chicago ?
Hey, My earlier post (which was in reply to the above) was off field. Allow me to offer my apologies. I just scan-read your post didn't pick up on your theme of value areas. You raise some good points.
I posted something similar this in another thread and I think it's relevant to this thread
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Let's say that we can value a security at its last traded price of "v".
No one wants to quote this price but there is a two sided market...
With all due respect; I think that *everyone* who's got more than a hundred hours screen time already knows this.
Sure it's *so easy* to buy low and sell high... but it's not always the correct thing to do.
Personally I went through this:
1. Naive newb with forex account. Buy the high...