Looks pretty cooked here, pullback to sub 800, looking for longs there if we make it, still short. Was not getting taken out till yesterday's highs were blown through.
ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
- Start date
- Status
200 day exponential...
...markets can do funny things..
...markets can do funny things..
had a buy order at 813, never got filled.
do you guys ever experience no fills?
do you guys ever experience no fills?
I guess today (almost) everybody is eager to buy 800. However, the market didn't go 800 and stopped at 805. Maybe this is an example that the market does funny things...
The que works on a fifo basis, getting filled at the b/a in the es is rare.
I have been at 813 for about 45 min. i think i was there first
I went long at 813 when I noticed we were making higher lows before breaking the upper tl. I got the fill, we went lower to around 811.25 and then right up to 820 where I placed a sell to cover, and a buy at 813. no fill on the sell and no fill on that 813
I went long at 813 when I noticed we were making higher lows before breaking the upper tl. I got the fill, we went lower to around 811.25 and then right up to 820 where I placed a sell to cover, and a buy at 813. no fill on the sell and no fill on that 813
You will never be first in line at a 'good price'
imo The bigs auto populate (& cancel) the book so they always have the execution advantage, when and if they need to.
"looking at the orders that already are in the book is wrong, because traders placing those orders because of the fifo structure of the market: it´s more efficient to just place an order at a desired price level and see, what the market is doing there, then the other way round. it gives an execution edge.
If you place the order first and the market doesn´t react the way you want, just cancel the order, but if it looks like a good opportunity you are in the first row to get a fill. you are also able to exit on those guys, who placed the order after you on the same price level.
You have a disadvantage, when you see the market reaching your desired price and posting your order AFTER that event, because there are more guys in front of you.
the fact, that placing an order in ADVANCE ( cause it gives you the execution edge) explains the fact, why there are always more orders in the book, then actual trades. unsophisticated traders think of this fact as spoofing and faking, although this behavior is just normal "
imo The bigs auto populate (& cancel) the book so they always have the execution advantage, when and if they need to.
"looking at the orders that already are in the book is wrong, because traders placing those orders because of the fifo structure of the market: it´s more efficient to just place an order at a desired price level and see, what the market is doing there, then the other way round. it gives an execution edge.
If you place the order first and the market doesn´t react the way you want, just cancel the order, but if it looks like a good opportunity you are in the first row to get a fill. you are also able to exit on those guys, who placed the order after you on the same price level.
You have a disadvantage, when you see the market reaching your desired price and posting your order AFTER that event, because there are more guys in front of you.
the fact, that placing an order in ADVANCE ( cause it gives you the execution edge) explains the fact, why there are always more orders in the book, then actual trades. unsophisticated traders think of this fact as spoofing and faking, although this behavior is just normal "
- Status