they know exactly where your stops are they always have and they always will. ust because teh cme and your broker tell you. there is no way they know where your stops are doesn't mean they don't because they do! the may not know your price but they know when orders get sent to the CME because DIRectr access get bandwidth numbers and they can sift thru each and every order because it is electronic and they know when stops are being placed. not necessarily the exact price but they know there are orders. this is rearly discussed because people seem to want to believe that trading is so difficult because it is fair. not sure why everyone understands vegas is not fair but they still play.. this mkt is the same exact way. it is rigged and you gotta play the rigs and understand when real rigging is going on just to get you out. most undercapitalized day traders like everyone on this site.. place stops less than 200 or 300 dollars for a day trade right? add up all your stops.. so when they gun for stops they only need to move 10 to 15 points past all the "bandwidth interference" don't foget they took the OPPOSITE side of your trade. they knew you were filled before you were.. so as soon as you are filled they can account for the bandwidth interference because they are on the opposite side of 70 % of all trades. so they know what interference to look cut out and what interfernce was a sell stop to get out or a profit taking limit. they also know who they are doing business with. because they know your FCM in the order. that part is legal because they are the counterparty and have default risk should your fcm go bankrupt in the next 5 mintues and they just matched 10,000 eminis.
The Futures Trading Floor
- Thread starter Utah
- Start date
What is the difference between a stop and a limit order? How do "they" know this? What about a stop limit? Oh nohs!
they set up and paint the charts also to control stochastics and macd and all the indicators that are typically based on the close of the bar. i mean cmon. how easy is it 1 during the last second or 2 to force the candle to be a doji or get the stochs to pop or drop.. not that difficult for them. unlimited funds and when they are wrong and get hit they just reverse double and make it up. rinse and repeat. it is a rigged game against you. you arent suppossed to be playing thier game but since you do they might as well make money off of you and teach you a lesson. the brokers know it also. imagine your broker who has seen thousands of trades and hundreds of traders. you think he doesn't see what goes on? sure he does. he knows exactly who makes money and who doesn't. the ones that make money is he going to tell you how? nope. because it is such a small amount of his clients maybe even zero clients. but he wants you to trade he wants you to attain your goal work hard keep at it. blah blah blah.. oh yeah lets start spreading.. because that is double the fees!! they are still directional. only way I have found to do it is to buy and hold and even now.. I am on the wrong side once again. because it makes so much sense that a company like netflix should tank billions off of everyones retirement funds? but hey I am not complaining. it is what it is. netflix is a huge amt of the naz. so yeah from that standpoint a 50 dollar hair cut is going to move the naz lower. a lot lower but imagine when real bad earning hit amazon!! look out.. it is at 2000 a share or so.. it could be down 30 % in a day or 2. people are learning from this small miss that there is more risk in these markets than meets the eye. then why am i long.. because i didn't cut my losses when i should have and i have traded for over 15 years off and on and because you are a human and you have latent information you will always make mistakes and these create the edges that you are programmed to fail.
but everyone you talk to on this site or twitter or at the bar is killing it and selling advice or picks or tips.
Luckily sold out at 3007 before it violently turned. Anyone in a trade right now?
No, thanks to eco-Nazis. I can see only delayed data on the webcharts I have, since I turned the trading machine off. Doesn't look too too bad, considering that Asia could bump this a lot higher. They may like MSFT numbers?
Well, as it stands, I would not want to be long minis so close to ATH anyways. On micros it wouldn't be so bad I reckon, were it to go from bad to worse.