CL Redux

[JuniorCTA]

Quote from Tonkadad:

I was seeing 3-5 tick spreads on the current month, I was expecting it to tighten up a bit. It's been awhile since I have logged in on Sunday don't remember the spread being wide for that long.

Can someone really reverse engineer a strategy by entry price alone? Better safe than sorry.

Actually all you have to do is say that it was a TA based trade, since the majority is hating on anything to do with TA you should be o.k. Everyone knows TA trades are just random occurrences. Just don't mention price drivers, shhhh.

It's a combination of entry price & figuring out who is on top of the book. I strongly believe that the same person/entity is quoting the first 2-3 levels of depth on both sides (bids and offers) so when you hit or lift something, this "trader" can move the market immediately against you because this trader is the inside market. Pull up a spread matrix, you'll notice all the bullet months are quoted for same size on both the bid and offer


ie. if your scalping in the inside market and your tightening the spread ahead of this 'trader', you have set off a bunch of alarms and executions are being watched like a hawk not just by the inside market algo, but a ton of other ones aswell

 

[JuniorCTA]

short 20x 9201

 

[riskaddict]

10 day hourly I'm looking to take a breather if it gets to 89.50.

 

[JuniorCTA]

Quote from JuniorCTA:

short 20x 9201

out 9060.. long 20x 9061

 

[Visaria]

V nice, well done.

Are u actually managing a fund as your handle implies?

 

[JuniorCTA]

Quote from Visaria:

V nice, well done.

Are u actually managing a fund as your handle implies?

salaried trader at a prop shop

 

[JuniorCTA]

got puked on.. thank god for automated risk management

 

[riskaddict]

maybe tomorrow we'll complete the weekly range at 94.80 and then finish like last week and do nothing.

 

[ammo]

big hns on your chart starting in july

 

[riskaddict]

Quote from ammo:

big hns on your chart starting in july

That would be the ultimate goal