r10 algos ate it up
ES Journal Archive (2011)
- Thread starter Buy1Sell2
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r10 algos ate it up
Not long ago you saw 1400 in the cards, what made you change your mind ?
FoN
Quote from tomahawk:
Yep, with help from the channel surfers.
Are you supposed to take those counter trade entries ?
Reason I ask is because it's a downtrending channel.
FoN
A freak move indeed. Good thing I exited before you guys did, otherwise, we'd be fighting each others at the 1315.75 level.
When I look at that fast move down on TOS, I see a gap from like 1319.25 to 1319. Does that mean that no contracts traded at that price?
Why would that be?
I've been seeing more freaky moves in the ES then in past few years I can remember. Like 10 point moves in 1 minute.. Any ideas what is causing such "burst volatility"?
Why would that be?
I've been seeing more freaky moves in the ES then in past few years I can remember. Like 10 point moves in 1 minute.. Any ideas what is causing such "burst volatility"?
I think it's eudaemon pushing the buy button as we dipped so later on, he can call the traders that scaled their shorts "losers"
There is a lot of uncertainty with the end of QE2, the debt ceiling debate, and Euro debt crisis. This leaves the market extra sensitive to rumors and headlines. After hours ES rallied with the Euro on news of a Greek bailout agreement.
From Reuters:
"Euro jumps half a cent to $1.4260 in Asia on news Germany and France had reached a joint position on a financial bailout for Greece . Adds to hopes Thursday's EU emergency meeting might actually make some progress on the impasse over Greek debt. Top private bankers will attend the meeting, which is due to start around 1000 GMT. But dealers all too aware that the market has been disappointed before and euro vulnerable to a pullback. Support at $1.4133 with resistance now at $1.4282."
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