ES Journal Archive (2006 - 2008)

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a lot of times in last hour when you see 4000 offered at each of the next four prices, its the buyer trying to hold down price so he gets a better fill
 
Short from 1467.75.

I understand the phoney numbers on the DOM. I'm asking about actual trades on the time-and-sales window, which is another matter altogether.
 
Quote from ammo:

mb were all watching the same movie, some times when you see a reason to sell, they do too and pull thier bids.


If there is a will! there is a way! technically if its actually available you would get the bid price that is available. And yes it would be listed as the bid price on time and sales.
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Quote from ammo:

do head/shoulder work on 5 minute charts,today is left shoulder and head and start of rt sh
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H&S works on all timeframes. However, the H&S is not confirmed until the the price penetrates the neckline after the right shoulder. Some consider that it is not confirmed until it then re-tests the neckline and fails.
 
City of Chicago Weather ( snow showers and cloudy)
New York city Weather (cloudy). Let see if the combination
works with the 3:30 run up scenario.
 
Quote from mbusch:

Short from 1467.75.

I'm asking about actual trades on the time-and-sales window, which is another matter altogether.
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MB,

IMO the phenomenon you are describing is just how the "software" reports/shows the trades.

If the BID is taken out, and the order then begins to "chew" on the next level down it; will print as though the order is outside the bid/ask spread. This happens because the ask remained where it was. IF the asked moved down in the same instance as the original order took out the prevailing Bid; the trades would then be reported as "at the bid."

So you are correct in that the trades are at the prevailing bid; it is just that the bid is now "away" from the "original" ask.

disclaimer: I can be wrong.
 
Quote from mbusch:

Stopped out at 1470.25 for -2.5. :(
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That was pretty ballzzy! The Fib 61%support came in on 1467.75
and the stochastic met bottom on the one minute chart. With that type of scenario you get the old sling shot up affect.
 
this is a choppy mess...

I have a buy stop to ride the H&S failure if it presents itself with a very very tight stop. Lot of stops above this market...

edit:filled long at 1470.50 1.5 stop may bail early if I dont see demand

chop suey... not a plan trade.. was gettin bored figures..
 
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