Opening Orders - 2008

[Don Bright]

Quote from taclander:

Are there similiar strategies to this for the close of the market each day? Anyone care to share the idea behind them or give me a place to research if you don't care to share?
Thanks

Actually "Market on Close" from the published imbalances. This strategy has gotten a bit easier and safer since July when they started to update the imbalances every 20 seconds or so.


Don

 

[taclander]

Ok, thanks, and feel free to leak more details. As I study the Series 7 material I'm also putting together an equity trade plan.

 

[javs5150]

Quote from Don Bright:

Actually "Market on Close" from the published imbalances. This strategy has gotten a bit easier and safer since July when they started to update the imbalances every 20 seconds or so.


Don

With the constant updates when does one initiate the MOC trade or does one build into a position according to the updates?

 

[total_keops]

Quote from javs5150:

With the constant updates when does one initiate the MOC trade or does one build into a position according to the updates?

"All MOC orders must be received at NYSE by 15:40 ET unless entered to offset a published imbalance. "

"New York Stock Exchange (NYSE) rules also prohibit the cancellation or reduction in size of any market-on-close (MOC) order after 15:40 ET."

 

[total_keops]

Deception.
4 fills, 2 longs, 2 shorts, all winners. +0.16 average.

 

[total_keops]

Decent.
8 fills 4 longs, 4 shorts. 7 winners, 1 loser. + 0.11 average.
Cancelled 50%, played tight.
Shaky open.

 

[EMZ]

3 fills short -0.07 avg, 2 wins 1 loss

WMB tough short.

 

[total_keops]

Slashed WMB and all oils on a likely OPEC cut.

 

[EMZ]

Yep, blocked a bunch, somehow missed that one. On the other hand, HAL short moved very well.

 

[chrisofj]

Every once in a while KO gives me a big winner, +.22 on that short, and +.08 on trusty PFE short.