ES Journal Archive (2009 - 2010)

[Decel]

This drop is as fast as a feather during an updraft...

I suspect another ride to the highs...

 

[edbar]

Quote from Lawrence Chan:

My take is that once stop orders are blocked from this centralized feed, the playing field will get back to normal quickly.

I have been observing this institutional behavior since the 2000 stock market crash. it has probably been going on long before that.

I seriously doubt they will ever stop. They don't know how to play poker without seeing your cards!

I NEVER submit limit orders or stop losses that are not going to execute immediatly.

My software tracks the prices until I am ready to execute.

I have found that prices actually go where I want/expect them to (most of the time), when I don't broadcast my intentions.

Cheers!

Ed

 

[Decel]

Quote from Decel:

Short 1012.50 stop 1014.50?

It better not rip...

Closed it 1012.25... I think I'll be seeing 1016 again.

 

[Lawrence Chan]

You reminded me in the old days when we have to call orders to the pit.

And one day back then, all of a sudden my limit orders just did not get fill unless I chase.

That afternoon, I heard my broker exploded at some guy, "what the f*** you are doing ..."

What happened was that several locals were trying to lean on my trades =)

Quote from edbar:

I have been observing this institutional behavior since the 2000 stock market crash. it has probably been going on long before that.

I seriously doubt they will ever stop. They don't know how to play poker without seeing your cards!

I NEVER submit limit orders or stop losses that are not going to execute immediatly.

My software tracks the prices until I am ready to execute.

I have found that prices actually go where I want/expect them to (most of the time), when I don't broadcast my intentions.

Cheers!

Ed

 

[oraclewizard77]

So, I have ninja trader, obviously, if I buy on market then they can't see that order until its filled, but for my stop do they see it or not?

Quote from edbar:

I have been observing this institutional behavior since the 2000 stock market crash. it has probably been going on long before that.

I seriously doubt they will ever stop. They don't know how to play poker without seeing your cards!

I NEVER submit limit orders or stop losses that are not going to execute immediatly.

My software tracks the prices until I am ready to execute.

I have found that prices actually go where I want/expect them to (most of the time), when I don't broadcast my intentions.

Cheers!

Ed

 

[jason586]

Quote from jason586:

Short 1006.50

Add 1011.00 - same stop @ 1016.50

Out 1 @ 1008.00

 

[Lawrence Chan]

VWAP and 50% of day - 1008.

Edit: ORH 1007.25

 

[Decel]

Quote from Lawrence Chan:

VWAP and 50% of day - 1008.

Great call LC, totally missed the move (I expected another run to the highs...)

 

[edbar]

Quote from oraclewizard77:

So, I have ninja trader, obviously, if I buy on market then they can't see that order until its filled, but for my stop do they see it or not?

I have experimented in the past by placing small stop loss orders at the broker and they get hit regularly. Not so, when they are hidden.

I use CoolTrade, and NO orders are floated ahead of time.

Ed

 

[Lawrence Chan]

Quote from Decel:

Great call LC, totally missed the move (I expected another run to the highs...)

Put VWAP on your 1-min chart and study the past 2 years of data on how it emerges into one of the key price level indicator.

You will figure out what I see in the chart too.