Ammo, with regard to futures contracts, who (exchanges, brokers, market makers?) can see stop orders (all we can see is some levels of visible limit orders) and, most importantly, can anyone tell how many of the stop orders at a price level are initiating orders (new positions) vs. offsetting orders (to close a position)?
ES Journal - 2013
- Thread starter Trvlwanderer
- Start date
Ammo, with regard to futures contracts, who (exchanges, brokers, market makers?) can see stop orders (all we can see is some levels of visible limit orders) and, most importantly, can anyone tell how many of the stop orders at a price level are initiating orders (new positions) vs. offsetting orders (to close a position)?
read it a long time ago,so just the gist, when archiplego was sold to several buyers, the morgan s and jpm and goldman were in there, the electronic data gives each acct a number like a drivers license,so it tracks everything traded electronically, buy/sell stop,cxl.opening closing..etc.. everything,that data is collected and analyzed somewhere if there 's a buck to be made....nsa comes to mind
Many years ago a futures broker told me that floor traders can pay for a CME terminal that costs somewhere around $15k a month that will show exchange stops.
I tried to ask another broker recently if this was true, or still true. They suggested this was not true, and had not heard of any such thing. Of course, any broker knows all of your trade information (on a related noted).
Sold -1 NQ 3529.50, Cover 3533.25, -3.75 -$75
Sold -1 TF 1142.8, Cover 1141.8, +1.0 +100
Scratch day, try again next week, could be a decent short but don't want to stick around so late on friday -- perhaps waiting for 16,150 on ^N225 and 16600 or so on $DJI.
Good trading/risk management to all.
I tried to ask another broker recently if this was true, or still true. They suggested this was not true, and had not heard of any such thing. Of course, any broker knows all of your trade information (on a related noted).
Sold -1 NQ 3529.50, Cover 3533.25, -3.75 -$75
Sold -1 TF 1142.8, Cover 1141.8, +1.0 +100
Scratch day, try again next week, could be a decent short but don't want to stick around so late on friday -- perhaps waiting for 16,150 on ^N225 and 16600 or so on $DJI.
Good trading/risk management to all.
There are algos designed to raid stops.
Such as the one from Sunday evening
This is why you will often see Es run to 2 to 3 points over or under the previous range or resistance/support levels before reverting back to the mean
This is why a lot times you will find yourself stopped at the low or high tick of using a tight stop.