ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
Suit yourself. Bye. Check in, don't check out.
Well, in a bear market, it's anything goes, no holds barred. You shoot first and ask questions later.Actually, I don’t.
I usually don’t hold positions going into such a report, although I do think that the move last Tuesday was an outlier. Hence why I asked.
I think the most slippage I ever got during RTH was 3 points on a fast drop, but that’s also unusual.
Not sure if that made any sense, but maybe it's my poor English. So far, nobody answered the very specific question on slippage.
What I know for sure is that I won't be holding any positions into this Wednesday's FOMC.
very specific question on slippage. ???
Nice bear flag BO here. I shorted it, but trailed myself out too soon for a meager 5 points. Not holding going into the report.
Yes, although it may have sounded rhetorical. I was wondering how much slippage those with a stop just below market (longs) got on last Tuesdays CPI drop. That drop was brutal and with not much volume at all. So, I imagine anyone stopping out on market orders got considerable slippage.
While ultra-liquid most of the time, clearly there are times where you get slippage even on one contract trading ES.
Agreed, best not to hold into it. tight stops will be hit. If range is expected to be large (as it is), market orders should expect large slippage, would think a few points would be typical (no specific stats though). IMO 30 point stop would not seem large enough for this particular announcement.
Oh ok, missed that.
No idea. I never trade news and always use limits. Believe it or not I often (1 out 4, 1 out 5 trades) experience positive slippage. Of course if I used limits and traded news I would experience hell slippage.
