ES Journal Archive (2011)

[JoshDance]

Quote from NoDoji:

Now that we've had penetration of the HOD, seem the thread's just getting hotter.

Ha!

 

[Picaso]

Quote from NoDoji:

Now that we've had penetration of the HOD, seem the thread's just getting hotter.

It seems EMG pulling it out amounted to premature... closing of the trade - a tradus interruptus, if you will

(Nice to see you're still alive, how's the rock & roll project going?)

 

[JoshDance]

This push down is what I was shorting looking for. To add insult to injury, I put an order at 19.75 to sell after it failed at 20 on the second push, and it did not fill me even though 327 orders were filled at that price. Gah.

 

[gmst]

Quote from JoshDance:

This push down is what I was shorting looking for. To add insult to injury, I put an order at 19.75 to sell after it failed at 20 on the second push, and it did not fill me even though 327 orders were filled at that price. Gah.

Sorry to hear.

How did you know there will be a pushdown ? Was it just guess, or experience or some other reason ?

 

[startraitor]

long 1 more at 15, close all eod

 

[JoshDance]

Not so rare on ES esp. this time of week but quite amazes me every time I see a 900 lot print, to think of the capital behind that one order.

http://screencast.com/t/93B1oheYTa

 

[Picaso]

Quote from JoshDance:

This push down is what I was shorting looking for. To add insult to injury, I put an order at 19.75 to sell after it failed at 20 on the second push, and it did not fill me even though 327 orders were filled at that price. Gah.

Usually the HOD and LOD act as magnets once price is close enough for a stop-run. Shorting right below the HOD is usually not a good idea. If you were looking for a push down, a better strategy would be to either wait for that stop-run and then short on a extreme TICK reading or to use a sell-stop (say, below the 1' or 5' bar previous to breaking the HOD to enter on a breakdown with some momentum. Your second order to short was the same thing all over again - too close to a new HOD and another stop-run.

Not telling anyone how to trade, just my 0.02.

 

[Lawrence Chan]

Quote from JoshDance:

Not so rare on ES esp. this time of week but quite amazes me every time I see a 900 lot print, to think of the capital behind that one order.

http://screencast.com/t/93B1oheYTa

Its an 1k order, the feed you are using just split that into several separate transactions to report.

 

[JoshDance]

Quote from gmst:

Sorry to hear.

How did you know there will be a pushdown ? Was it just guess, or experience or some other reason ?

Well definitely didn't know, and would have waited for confirmation if I had better judgement or had I known

Just meandering towards high of day, looking for a lazy 2 tick or so break of the high to take out a few shorts, and then move down to retest earlier support. It was 30 minutes to close, week long move up continued, seemed like a good time to take out some longs who may be holding. Only took this trade with no confirmation because the risk was only 3 ticks. Wish I had been filled at 19.75 but was not, so can't do anything more about it! Should still be thinking long though, and could have gotten in when starT just added to his long.. nice trade ST.

 

[JoshDance]

Quote from Lawrence Chan:

Its an 1k order, the feed you are using just split that into several separate transactions to report.

Well it's what the exchange reported. IQFeed does not filter and does not split transactions, unlike feeds like IB... so there was a buy limit for 921 that absorbed the market sell which as you say was in all likelihood over 1K.