ES Journal Archive (2009 - 2010)

[maltatrader]

Quote from saliva:

Who is ure broker? I believe most brokers provide basic market internals, such as $VIX, $TICK, $TRIN, etc. I know that Thinkorswim and Interactive Brokers do. I suggest you ask your broker before wasting your precious money.

I was trying to get $tick from a charting platform not a broker, I spoke to e-signal but theyre looking about $150 a month. I currently have CQG to execute trades but its the version without charts, I now have prorealtime charts but $tick isnt available with them so I'd like to change. The feed only costs $1 a month so youd think it wouldnt be too hard.

 

[ammo]

i use think or swim for options and there charting platform, i think the minimum to open an acct is $3500, and u could use another broker for lower rates on futures, i dont think i could trade without the info i get from TOS

 

[pcvix]

Quote from Lawrence Chan:

A short explanation.

When there is a mkt order to "clean" the book, say buying 10K contracts. It will take out every single orders parked in the price ladder within, say, a 3 to 5 pt range.

During the process, all the unlocked stop orders are then queued behind the other mkt orders just arriving at the mkt order queue.

So, after the completion of the "cleaning", you have effectively 100K contracts accumulated to buy at market. Someone parked their offers up there waiting - and you know who.

Thanks for the explanation, Lawrence.

Would you care to elaborate on who was "who?"

 

[saliva]

Quote from pcvix:

Would you care to elaborate on who was "who?"

Wise ass.

Personally, you can cook up reason for just about anything in the market. Just witness countless stories that appear as the oh-my-god-are-you-serious headliners on Yahoo! Finance, Bloomberg, MarketWatch. Their creative minds never run out of reasons why market zigs and zags. But we all know they're full of shit to the n-th degree.

I am by no means equating LC to those mind-numbing idiots. On the contrary, I highly value his opinions. But it stands to reason that you're on ure own and you should not be swayed by other's opinions.

 

[ammo]

you're right sal, but the who or they is generally accepted as the house, or houses

 

[freehouse]

Quote from saliva:

This kinda action would be understandable on a day of options ex. Had it in fact occurred earlier in the day, I could come to terms with it. But not in the last 5 minutes prior to the close of the spot market and certainly NOT in the subsequent 5 minutes afterward!

Some big A-hole (I need not say whom which should be plain to everyone by now) is totally raping this market.

Well, I have no reason to bitch since I didn't lose anything per se, other than incurring a big fat slippage of 4 points. But, then again, that could easily translate into either a lost profit or a potential loss, no?

Saliva, there were actually a bunch of ES options that expired at the end of month.

http://www.cmegroup.com/trading/equ...ini-sandp500-eom_contract_specifications.html

 

[Spooz Top]

Quote from Spooz Top:

bully ......& lookin` to leg north into our sweet spot/magnetic zone of 940/50......judging by the size of consolidation on daily,we could easily surpass the target zone & ride above it.

the power is north.....that move at the close should be more than enough to get us there next week.......given the PA at the close,i`d be looking to gap us up on the open.

 

[ammo]

i think we are toast at 930 ish spx

 

[ammo]

that one was the williams indicator overbought , this one is stoch overbought,

 

[Lawrence Chan]

Quote from pcvix:

Thanks for the explanation, Lawrence.

Would you care to elaborate on who was "who?"

There are parked orders at all important gap levels all the time.

I assume it is the same group of traders and firms this time.

No need to add extra speculation beyond that. =)