CL Redux

Quote from blox87:

Try it again
L84 .33
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Well read, Blox, it was bottoming there.

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In case somebody's been living in another planet for the last few weeks, today we have Oracle Ben 15' before oil's RTH close and his announcement - or lack thereof - of QE2!!! Tighten your seat-belts and trade with care :D
 
Quote from Picaso:

Tighten your seat-belts and trade with care :D
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CL was the ADD trader's dream off the open today. Totally erased yesterday from my memory :cool:
 
I just got 15 ticks slippage on that breakout trade. Placed my stop @ 85.05, filled @ 85.20! Ended up with 3 f*cking ticks profit :mad:
 
Quote from NoDoji:

I just got 15 ticks slippage on that breakout trade. Placed my stop @ 85.05, filled @ 85.20! Ended up with 3 f*cking ticks profit :mad:
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Sorry to hear that, but I thought you placed your stops one tick <i>before</i> the HOD.

I advise the use of stop-limits with a reasonable offset to avoid that kind of sh*t

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PS: Anyone sees an intermediate target to the upside. I have 86.40, but right now it looks a tad too high. Thanks.
 
Quote from Picaso:

Sorry to hear that, but I thought you placed your stops one tick <i>before</i> the HOD.

I advise the use of stop-limits with a reasonable offset to avoid that kind of sh*t
More...

I had the buy stop in much earlier, but removed it when I stepped away earlier. After inventories, I threw the stop in at the last second, so my fault for that, but the slippage was just rude.
 
Quote from NoDoji:

I had the buy stop in much earlier, but removed it when I stepped away earlier. After inventories, I threw the stop in at the last second, so my fault for that, but the slippage was just rude.
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[Gold is really tanking, watch out!]

I get the impression that you think there's a queue of stops, as there is a queue/line, of limit orders. AFAIK, all stops get triggered at the same time (there's not even any advantage in collocated servers, since IB's orders reside directly at the exchange).

Slippage in stops is random, based on the number of orders coming in vs. limit orders already in place, in fact you can get <i>positive</i> slippage in news announcements/reports (it happened to me a couple of times when I bracketed the market before oil inventories).

If somehow I'm mistaken, please let me know (anyone).
 
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