whats up with ER2?

sorry for the misunderstanding quah, i was referring to visiontraders comment

wondering, what's an unreal order anyway lol. it's a little frustrating because i've been lucky ahead of a handful of spikes like this but never act on it, not wanting to risk a bust and still be short above the spike if it goes there. ...then there's the issue of relinquishing a short into some sort of crash. just wanna know how best to estimate the bust line. i went looking for the info in CME rules once and didn't find it
 
Quote from Quah:

Didn't mean to sound like I had a chip on my shoulder. Yes, they were all real order - even the ones that were busted. That's why I'll never understand why they bust any orders at all - someone must have wanted to get in/out at those levels or they wouldn't have had orders sitting there in the first place.
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Well, there is always the fat finger possibility -- still real orders just not intentional orders. In this case, it was kind of weird the way the bids just seem to have disappeared. A thousand contracts is usually good for a 1 pt move 2 at most in ER2.

And it could just be me not having looked at a market depth screen in awhile but I don't remember seeing 200+ contracts sitting on the bxa before.

Certainly an interesting event. Hopefully, there will be a news story to explain it tomorrow or later today.
 
I've got an interesting theory on why this sh*t happens.

They are fishing to see what kind of orders are on the book, before they start selling for real. If some clown is there for size , they bang it good, if not, they have to sell slowly like we are seeing now.
 
Well, it seems to be heading down there for real now! Thats going to piss a few people off big time.

Maybe I am a little spoilt with the SP and NQ, but some of the shit I see on occasion on the YM and ER2 is grey hair material... (for me at least, I autotrade SIFs, and discretionary trade the ES and NQ for fun)...
 
Quote from stock777:

I've got an interesting theory on why this sh*t happens.

They are fishing to see what kind of orders are on the book, before they start selling for real. If some clown is there for size , they bang it good, if not, they have to sell slowly like we are seeing now.
More...

Another possibility is someone heard something and front ran his "friends". :)
 
Quote from ssternlight:

Another possibility is someone heard something and front ran his "friends". :)
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Doubt it. They would have no reason to get so sloppy about it. Why sell so far under the market... Nah, I like my theory better.
 
Thing is, there are all kinds of games all the time. You don't even see 99% of them.


Sometimes, they do stuff so obscene , it can't be hidden.
 
This is the first time ive seen a spike like this on ER2 in
almost a year of day trading.

This seems to caused a large order being keyed in at the wrong
value.
Result:
Stops hitting stops hitting stops and the price runs down
10 pts. Then the arbs kick in and push the price all the way
back up.

Feature of electronic trading, nothing anyone can do about it.
 
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