games with the E-mini

S

sabena

Guys,



Have you seen that big order around 12:45 at the
1085.25 price level with 3000,4000 contracts when the market
was trading around 1084.

At a certain moment he or she was increasing the number
of contracts with 100 contract increments.

When the 1085.25 price level was only 2 ticks away,
those 3500 contracts disappeared like a thief in the night.

Wondering why they play those games, from all the times
I have seen this kind of action, I had not the impression
that such games had any relevant effect on the price action...

Anybody has other impressions ....?
 
Yoda says you must see through such illusions. Looks like someone is trying to play level 2 jedi mind games. The only problem is there is really no 'book' in futures because there are no specialists like NYSE and no market makers like in NASDAQ. Futures traders are not trained to look at market depth. They know that the real book is in the mind of the traders. On the floor of the exchange there is only the bid and the ask. If someone on the floor started bidding 2 or 3 ticks away from the market he'd get a dirty look from everyone else for wasting everyones' time.
 
Well, price turned at the price level he put in his order...

Now it is 13:41 and he still doesn't want to give up with his
3000 contracts...
 
Ok I just saw your Mr 3000 at 2:11 eastern. He was selling about three ticks away from the market. It almost looked like he got filled except I can't find that much volume in the 1 minute bars. He must have cancelled the offer right as the market reach his level. Thats mighty fast typing. I wonder what kind of connection he had to be able do that? Anyway the market blew past his fake offer by about another point. So I wonder what he was trying to do?
 
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