Why does CL move up/down immediately after I sell/buy?

(1) You can't expect a high-priced and volatile market to sit still. (2) There might be a "flipper" in the crude oil who will "sweep the screen" for ~5 cents at a time and hope to lighten up his position if there are a lot of orders that coat-tail onto his activity. It's not manipulation. It's assertive and aggressive trading.
 
Good reply Jango! I especially like "those little 2-3 point flutters". They seem to happen all the time (jumps I call them, you call them flutters). I like the whole post...



Quote from JangoFolly:

I generally try to avoid entering into a still market. If I want to go long I will wait for one of those little 2-3 point flutters to the downside. They almost always happen.

It seems a little safer to smack the crocodile on the nose when it's leaping at me rather than reaching into the water to do it.

Today has been a light volume day, and there has been a lot of order pulling. Overall a pretty tough day.
More...
 
But...

1) This happens almost every time I enter a buy/sell.
2) How can they move the bid/ask so much? They see my order and as a group immediately move the bid/ask down (up)? I assume there are other players involved who still have their bids just below my limit order (which was executed at the ask).

Quote from nazzdack:

(1) You can't expect a high-priced and volatile market to sit still. (2) There might be a "flipper" in the crude oil who will "sweep the screen" for ~5 cents at a time and hope to lighten up his position if there are a lot of orders that coat-tail onto his activity. It's not manipulation. It's assertive and aggressive trading.
More...
 
Quote from trader07:

Good reply Jango! I especially like "those little 2-3 point flutters". They seem to happen all the time (jumps I call them, you call them flutters). I like the whole post...
More...

Thanks. I usually call them "burps", but "flutters" seemed a little clearer.

Today is the kind of day one could get f****d on the end of day volatility. I might stand aside and call it a day.

Any calls as to whether the 2:00 break will be up or down (above 85, below 25)?
 
Quote from JangoFolly:

Thanks. I usually call them "burps", but "flutters" seemed a little clearer.

Today is the kind of day one could get f****d on the end of day volatility. I might stand aside and call it a day.

Any calls as to whether the 2:00 break will be up or down (above 85, below 25)?
More...

I'm thinking down, near the lows today. But like you said, very volatile market--anything can happen.
 
the answer is probably not only that it immediately goes 2-5 ticks against you, but it also immediately goes 2-5 ticks in your favor that you are ignoring. No one is watching you, and you are not a perfect fade, so the only explanation is that the market (yes, oil market with 1 cent ticks is a sloppy market) jumps around by nickles all the time. You may only notice the nickles that go against you.
 
Yes, you are probably right. I guess I am just a natural cynic and when I see markets behave suspicious on me I question them. Thanks.

Quote from BoyPlunger:

the answer is probably not only that it immediately goes 2-5 ticks against you, but it also immediately goes 2-5 ticks in your favor that you are ignoring. No one is watching you, and you are not a perfect fade, so the only explanation is that the market (yes, oil market with 1 cent ticks is a sloppy market) jumps around by nickles all the time. You may only notice the nickles that go against you.
More...
 
You must log in or register to reply here.
Back
Top