MOC Orders

Champion · Sep 30, 2005

Recently I've listened to some intriguing talk about how MOC orders can swing the market this way or that coming into the close?

It is fairly common to see a declining index futures price with a sting in the tail .. say Ym 30 points up off the bottom in the last hour or even sometimes a big surge up 60 points plus?

What is the majority view or experience? What about individual stocks? What about stock market index futures in general?

ElectricSavant · Sep 30, 2005

My experience with this is to watch the last 15 minutes and spreadsheet it.

Your columns should indicate you direction to be executed according to your systems call. Then do an MFE and MFE of the last 15 minutes to draw one of two conclusions: (you can actully put on a side trade too!)

When I'm long, get out at the 15 minutes before mark.

When I am short, get out in the last 45 seconds.

or...

Versa Vice....

Michael B.

ElectricSavant · Sep 30, 2005

also...

Fridays and holiday schedules are special. Lots of folks go flat...(Wednesday and Thursdays, there is a lot of posturing in Retail Spot Forex too...but that is another story)

Don Bright · Sep 30, 2005

Quote from Champion:

Recently I've listened to some intriguing talk about how MOC orders can swing the market this way or that coming into the close?

It is fairly common to see a declining index futures price with a sting in the tail .. say Ym 30 points up off the bottom in the last hour or even sometimes a big surge up 60 points plus?

What is the majority view or experience? What about individual stocks? What about stock market index futures in general?

There are specific things to watch for with MOC's, based on time frames starting at 3:30, 3:40, 3:50 and of course, 3:59 or so. Expirations are different, month end, quarter end, are obviously a bit different as well.

Don

ElectricSavant · Sep 30, 2005

Well yes that too

Don udaman! I got to get my butt over there to you guys one of these day's after I retire and get back to trading full time.....it's you or hlv capital...cause I need the training!

Quote from Don Bright:

There are specific things to watch for with MOC's, based on time frames starting at 3:30, 3:40, 3:50 and of course, 3:59 or so. Expirations are different, month end, quarter end, are obviously a bit different as well.

Don

Don Bright · Sep 30, 2005

Quote from ElectricSavant:

Well yes that too Don udaman! I got to get my butt over there to you guys one of these day's after I retire and get back to trading full time.....it's you or hlv capital...cause I need the training!

Let me know when you're ready.

I'm sure that Mr. Vaccaro is much to busy at HL(Vacarro) trading to help, LOL.

Don

Champion · Sep 30, 2005

Quote from Don Bright:

There are specific things to watch for with MOC's, based on time frames starting at 3:30, 3:40, 3:50 and of course, 3:59 or so. Expirations are different, month end, quarter end, are obviously a bit different as well.

Don

Don, you are the resident expert on Elitetrader.

Without taking up your time giving a big post, can you give us a few examples on the time frames you mention?

Many thanks.

ElectricSavant · Sep 30, 2005

Don,

Yeah, But I gotta get my series 7 with you...I am embarrassed to admit how many times I had to take the series three to pass!!!

Quote from Don Bright:

Let me know when you're ready.

I'm sure that Mr. Vaccaro is much to busy at HL(Vacarro) trading to help, LOL.

Don

Don Bright · Oct 1, 2005

Quote from ElectricSavant:

Don,

Yeah, But I gotta get my series 7 with you...I am embarrassed to admit how many times I had to take the series three to pass!!!

Yes, and you have to have driver's license to drive a car...but anyone can sit in the back seat and and donate" ...Try a 5 day "cram course" - it will save you zillions...."just do it" - "You wouldn't want to give an unlicensed surgeon the keys to the surgery theatre, would you?"

Don

ElectricSavant · Oct 1, 2005

You and I both know that the series 7 has nothing to do with the work of everyday trading.....

Bob, You do have good one-liners though...

Quote from Don Bright:

Yes, and you have to have driver's license to drive a car...but anyone can sit in the back seat and and donate" ...Try a 5 day "cram course" - it will save you zillions...."just do it" - "You wouldn't want to give an unlicensed surgeon the keys to the surgery theatre, would you?"

Don