ES Journal Archive (2006 - 2008)

[Buy1Sell2]

stopped manually and reversed long 1433.25. Back to initial position size. Stop and reverse short at 1426.00 with increased size. Order sitting in the queue already.

 

[Ducatiman]

Stop?

 

[Buy1Sell2]

I have noticed something interesting with my placement of stops so early in the trade--No slippage on any stop order yesterday.

 

[romik]

BRD on 1 min, triplets

 

[Buy1Sell2]

Quote from Buy1Sell2:

I have noticed something interesting with my placement of stops so early in the trade--No slippage on any stop order yesterday.

Before, I would use a mental stop most of the time and then initiate a limit order to get my price. By virtue of immediate placement, my stops now must be a great deal ahead of most other stops in line. One trade yesterday in another electronic market, I actually received a fill that was two ticks better than my stop price. What this tells me is that most folks in the markets are not placing stops immediately or perhaps not at all. Can we benefit from their reticence? I would think so.

 

[volente_00]

Quote from Buy1Sell2:

I have noticed something interesting with my placement of stops so early in the trade--No slippage on any stop order yesterday.

You are using limit orders on stops ?

 

[Buy1Sell2]

Quote from volente_00:

You are using limit orders on stops ?

No, these were market stops.

 

[volente_00]

If your stop just happens to be in a "war zone" level you can get weird fills as bullls and bears will start throwing markets to try and break it up or down.

 

[Ducatiman]

Is there a way to quantify the probability of a limit stop not being filled?

 

[volente_00]

Quote from Ducatiman:

Is there a way to quantify the probability of a limit stop not being filled?

Use a market stop . I have had limit stops get blown through on ES and will no longer use them.