wtf was that at 4pm. huge high vol selling

Quote from scriabinop23:

oscar's trading system made a call for buying at market right before close, with stops right under market lows for the day.

His system has a big following, and I'm wondering if this was a low cost method of fishing the stops.

Generate a few thousand contracts of market sell stop orders and this is what you get.

I'd be willing to bet it was that. I don't think it would be too bold to say maybe a few big funds and/or arab oil guys with nothing else better to do than trade or countertrade his system are out there.

You can do these things in thin markets.


Short Term Trading Live with Oscar
June 26, 2007, 2:31 pm EDT

Oscar at Futurestraders.com has sent 3 Daily OMNI(s)
TRADE DATE: 06/26/07
GO TO OSCAR'S OMNI PAGE NOW!
*******************************************************
6th flash go long right ESU7 here at mkt
last tick = 1508.50
stops go below todays low
i will keep you informed

******************************************
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OMFG!!

Oscar and the Glue Sniffers dont have anywhere near the kind of following or capital that could or would cause any market machinations.

You sir, need to put your trading activitys in perspective. Oscar is really Bernanke in disguise. LOL. THINK!!

Osorico
 
Quote from stock777:

Anythings possible but I doubt if they trade his calls in that number.

Also, i'd look up the word thin.

Nothing thin about the trading there. I already explained that.
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yea you're right.. volume there is huge. bigger than even the open/early trading.
 
Quote from osorico:

OMFG!!

Oscar and the Glue Sniffers dont have anywhere near the kind of following or capital that could or would cause any market machinations.

You sir, need to put your trading activitys in perspective. Oscar is really Bernanke in disguise. LOL. THINK!!

Osorico
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hey.. i didn't see the volume ... :) give me a break. But I stand by my concept that something as simple as this small guy's calls can have more impact than you'd assume, just simply because so many auto trading systems pay attention to where trades occur (on bid or ask).

additionallly, there are a ton of stops here regardless..
 
imo nothing more overrated than where the trade occurs, assuming you can even tell as fast as the market is

every dimwit and his brother watches that and its basically worthless OR WORSE.
 
Quote from scriabinop23:

hey.. i didn't see the volume ... :) give me a break. But I stand by my concept that something as simple as this small guy's calls can have more impact than you'd assume, just simply because so many auto trading systems pay attention to where trades occur (on bid or ask).

additionallly, there are a ton of stops here regardless..
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Your concept is dead wrong. Maybe Oscar's mortgage is the cause for Bears problems too. You're free to believe what you want.

Trade what you see, not what you think.
Osorico :)
 
Quote from stock777:

imo nothing more overrated than where the trade occurs, assuming you can even tell as fast as the market is

every dimwit and his brother watches that and its basically worthless OR WORSE.
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i agree; i haven't been able to figure anything out (system wise) based on this data - but i'm sure there are some quants out there that have heavily weighted it.
 
the system and platform sellers like to tout that as some kind of holy grail, as if the serious money on the street doesn't know you're watching it.

and dude, they may weight it in ways you can't imagine.
 
Quote from scriabinop23:

It was fat fingers triggering a cascading stop effect.
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No. You're confusing the crude spike just a few months ago with last summers S&P doubledigit jump pre-market.
 
Well. I am all in with 40+ ES contracts at an average of 1498.50 each. Will I make anything?
Sell orders for 10 each + the odd 6, beginning at 1501.50, then 1501.75, etc.

Speculation. May be a loosers game.
 
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