The Opening Orders Thread

5 fills, 3 winners out of 5. Yet finished -58

Getting short HPQ wasnt a great idea...it was a crime scene.

Busy canceling banks, did not see the upgrade.
 
2 winners out of 3 fills using .6 envelop, but finished at +22.


Where to download all the component stocks of S & P 500? Including their previous volume and price?
 
Quote from chasedream:

2 winners out of 3 fills using .6 envelop, but finished at +22.


Where to download all the component stocks of S & P 500? Including their previous volume and price?
More...

http://www.indexarb.com/indexComponentWtsSP500.html

Here's a list of the components, slap them into a spreadsheet' then use =winros|prev!'symbol=n'

+188.75
Note: Don't rely on the previous if using eSignal, it doesnt update till the market actually opens, so you need to input the previous manually. Today, prior to the open the previous was the close on Friday. Once the market opens you'll see yesterday's close.

I found out the hard way.
 
I have a general question for Mr. Bright.

I am watching the tape on JNS and I see that the bid is 35.01 and the ask is 35.02 and I am watching the ask get hit over and over again. All or most in the 100 - 400 share lots.

I must have seen 100,000+ shares trade this way in the course of about 5-10 mins.

Whats going on and who are the players that would keep a stock at a price and who would keep banging at it?

Seems to me the seller could have raised the price (the price did break through and moved up but the pattern really wasnt broke, huge buying with the stock not moving much more - VERY much already for the day/week)

Lastly how should this effect the price in the next few hours/days?


Thanks in advance for the lesson on market forces.
 
Quote from 1Reason:

I have a general question for Mr. Bright.

I am watching the tape on JNS and I see that the bid is 35.01 and the ask is 35.02 and I am watching the ask get hit over and over again. All or most in the 100 - 400 share lots.

I must have seen 100,000+ shares trade this way in the course of about 5-10 mins.

Whats going on and who are the players that would keep a stock at a price and who would keep banging at it?

Seems to me the seller could have raised the price (the price did break through and moved up but the pattern really wasnt broke, huge buying with the stock not moving much more - VERY much already for the day/week)

Lastly how should this effect the price in the next few hours/days?


Thanks in advance for the lesson on market forces.
More...

I would need to know if you were looking at L1, L2 or New York Open Book to see thse trades. If you're watching the trades on a ticker or "last trade size" column, then you might want to check the NYOB to see if there are large orders a penny away.

Another possibility is that you have some "iceberg" or reserve orders or even hidden liquidity pool being picked at by small orders.

Dark pools and algorithmic trading1
The evolution of ‘dark pools’ and how algorithms access and interact with non-displayed liquidity......The different types of
non-displayed liquidity. We define non-displayed liquidity
broadly to include any willingness to buy or sell that is not publicly
displayed. Exhibit 1 lists the different types of non-displayed
liquidity at execution venues. Nondisplayed liquidity at execution
venues consists of reserve orders on electronic limit order books, orders represented by floor brokers on the floor-based exchanges, the orders in public crossing networks, and
non-displayed liquidity at agency brokers and broker-dealers.

http://www.redi.com/forms/algo720.pdf

Don
 
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