Don's openings and more for 2005

chiguy, what do you mean by "now i get to wait till the last second like everyone else...."?

Quote from chiguy:

i don't use imbalances for the O/O stratergy but i did use it for the opening index arb trade...

now i get to wait till the last second like everyone else....

i only restrict entries on earnings and news...

usually indications gave you a hint as to what would be a brief (good) or extended gap (bad)....

just my 2 cents...
More...
 
Quote from isaac000:

chiguy, what do you mean by "now i get to wait till the last second like everyone else...."?
More...

since there are no opening imbalances i have to wait for opening indications to make a trading decision...

i won't execute until 8:29 CST for arb or o/o...

what i am saying that we no longer have the edge of a pre indication look...
 
happy monday ???

14 fills / 1000 shares each

- .75 / + .75 % -68.00

forgot to block oil service...cost me -230.00

never saw fdx coming...never had a chance -410.00

so given the 2 errors.... if they are that (well.. oils were)...
not really a bad day....

time to take my lumps and move along...

complete manual exits with trailing stops...system says -3350 @ 9:14 CST...looks like i need more coffee
 
Down 500 USD with lots of fills. Friday and today , I expected to get good result but so far very lackluster. Hope the new rules wont take away the edge for openings. Will remain to be seen in the nest few days
 
Today, I had an error and couldn't send orders. Usually this is bad, but, it seems the trading gods have shown favor on me this day.

As for the specialist not showing their hands on the imbalances, I don't see it as a big deal. We will just have to adapt and change our strategy!

Does seem to give another unfair edge to the specialist though!

Good trading!

Mike
 
Quote from mschey:

Today, I had an error and couldn't send orders. Usually this is bad, but, it seems the trading gods have shown favor on me this day.

As for the specialist not showing their hands on the imbalances, I don't see it as a big deal. We will just have to adapt and change our strategy!

Does seem to give another unfair edge to the specialist though!

Good trading!

Mike
More...

Hmmm.... decent day for me. 10 fills, +700 net. I don't have FDX on my list though. Sorry to hear you did Chiguy.

It's been choppy for the last few days.
 
Quote from Shreddog:

Hmmm.... decent day for me. 10 fills, +700 net. I don't have FDX on my list though. Sorry to hear you did Chiguy.

It's been choppy for the last few days.
More...

thanks for the kind thoughts....

trading fdx much better intraday though...
 
Quote from chiguy:

since there are no opening imbalances i have to wait for opening indications to make a trading decision...

i won't execute until 8:29 CST for arb or o/o...

what i am saying that we no longer have the edge of a pre indication look...
More...

I thought the rule change ONLY affect Expiration Fridays. No? Below is SEC approval of the rule change. Am I missing something?

-----------------------------
ACCELERATED APPROVAL OF PROPOSED RULE CHANGE

The Commission granted accelerated approval to a proposed rule change
submitted under Rule 19b-4 under the Securities Exchange Act of 1934 by
the New York Stock Exchange (SR-NYSE-2005-54) to amend NYSE Rule 123C
(Market on the Close Policy and Expiration Procedures) to eliminate the
requirement to publish pre-opening Market order imbalances on Expiration
Fridays. Publication of the order is expected in the Federal Register
during the week of September 19. (Rel. 34-52421)
 
You must log in or register to reply here.
Back
Top