ES Journal Archive (2006 - 2008)

[dmartin]

Apex: Back on 5/1 you stated:

"05-01-07 09:23 AM LONG ES HERE at here at 1482.25 2 pt stop minimum 5 pt target".

How could you buy that order when that is the low of the day and ONLY 255 contracts traded at that level in the entire world? I'm assuming you had a limit order in and if it traded to 1482 then yes, you would have been filled. Seems like a stretch with only 255 contracts being traded at that level and since you usually trade 50-100 contracts your apart of that fill. Just want to know how the master does it.

DMartin

 

[princessa]

Quote from 4re:

There goes that nasty HOPE word nobody likes.

lol...rofl....

 

[princessa]

okay, maybe i missed a few pages in this thread but...how does everyone know what size apex is trading?????????

 

[princessa]

wow...100 contracts at 5 points would be...$25k. not bad for a day's work....

 

[volente_00]

Quote from MiniDowTrader:

Where the hell is Volente?
He would have been screaming "10:30 reversal crew! Rule of 10! It's a T-day fools!".....heck he might even throw in a gap close call!

Btw, another Osorico journal....should be gooooood stuff!

Just pure coincidence that all 3 came together.

 

[apex82]

Quote from brownsfan019:

Sure, why not?

There could have been orders sitting there for 13 hours, 13 days or 13 weeks ahead of your order.

If you believe that the exchange is out to get you, it may be time to consider a different source of income or hobby... No one is out to get you or not fill your orders in the appropriate manner. Just b/c you did not get filled does not mean there's something not right. Next time, if you want in when a price level is touched, use an MIT order.

The cme cancels all orders between 1:15-1:30pst everyday so what you said is not possible. It would be very hard to have 5,000 contracts ahead of of me.... However, I understand the point you are trying to make. That is why I moved almost all of my scalping over to the er2 when it started affecting my bottomline. I just find it amazing when people say they scalp the ES... I want to know how they can survive occuring 2 ticks of slippage on every trade when most scalping profits are less then a point. My platform does not support MIT orders...

 

[apex82]

Quote from dmartin:

Apex: Back on 5/1 you stated:

"05-01-07 09:23 AM LONG ES HERE at here at 1482.25 2 pt stop minimum 5 pt target".

How could you buy that order when that is the low of the day and ONLY 255 contracts traded at that level in the entire world? I'm assuming you had a limit order in and if it traded to 1482 then yes, you would have been filled. Seems like a stretch with only 255 contracts being traded at that level and since you usually trade 50-100 contracts your apart of that fill. Just want to know how the master does it.

DMartin

To be clear, I am a trader and its hard to post trades hours if not days beforehand sticking to that exact tick. Sometimes, I am posting realtime and the market is moving away from my entry as I am typing as well... I am only human and my trading comes first.

That long on the 1st was most likely a typo, I am sure it was hitting that price as I was typing so I assumed I would be long at that price and probably had to take 1482.50 instead.

I hope this answers your question.

 

[apex82]

Quote from apex82:

Stopped out for 1pt temporary equity dip.... bastards

rentered short at 1513.25 stop above highs

3 tick stop

same targets

1st target hit and filled at 1509.75

+3.5pts

Still short 2 remaining units with a stop at 1514

 

[Spooz Top]

Quote from dmartin:

Apex: Back on 5/1 you stated:

"05-01-07 09:23 AM LONG ES HERE at here at 1482.25 2 pt stop minimum 5 pt target".

How could you buy that order when that is the low of the day and ONLY 255 contracts traded at that level in the entire world? I'm assuming you had a limit order in and if it traded to 1482 then yes, you would have been filled. Seems like a stretch with only 255 contracts being traded at that level and since you usually trade 50-100 contracts your apart of that fill. Just want to know how the master does it.

DMartin

it`s really not that uncommon to be filled at lo/hi tick & i have a tendency to do it often being that `ill scale into a position in a 4 to 6 tick zone....i was fiiled yesterday at 05.75 ...lo tick yesterday but had limits down to 05.25.
players are constantly jockeying for position more often than not...as price action gets closer to there limits,they have a tendency to lift their orders & then replace them,losing their place in the pecking order.
with that being said,there are many times i`ll just sit on bid/offer which seems like for ever with a frustrating "nothin` done".

 

[frugi]

The cme cancels all orders between 1:15-1:30pst everyday so what you said is not possible.

AFAIK GTC futures orders are native to Globex, i.e not broker simulated, and are definitely not cancelled during maintenance. If they were cancelled every night then why provide them alongside day orders?