From SI: Sounds exactly like what happened in the E-mini spike on 7-14. Though yesterday was a more orderly decline due to the built in delay...
FWIW, Briefing said follow-through on a bounce off the 50 day moving average.
....the more I think this spike was probably caused by a large trader moving his business from the pit to the emini and trying to fill an order in...
Could be more institutions moving over to the emini from the pit contract. Could also be a reason for these spikes as the institutional traders...
You would have to have a screen set-up showing all the indexes on a 1 minute chart with volume. Perhaps having ES (s&p500), YM (Dow), NQ...
Agree - forget the news, watch the indexes - see if one is initiating the move or if all indexes are moving equally. Of course you have to be quick.
1.) If there is a spike in say the ES, fade the spike but don't trade the source of the spike (in this case ES). Instead trade YM or NQ etc....
The reason for these spikes in the electronic indexes has, IMHO, to do with a flaw in the way the e-contracts are traded that is going to have to...
- you just know these fat finger "mistakes" on ES and YM are not accidents. Someone has probably got it figured out with cross-bets in other...
No pain........No gain
I wonder what it would be like with those computer head-sets and WiFi in the future. They have to make wifi like cellular service with...
You get the feeling that they are not even watching the markets. I stopped watching cnbc a long time ago - figured price would tell me all I...
Institutional trading floors are designed to be impressive. So, its no surprise that you were impressed. Fancy furnishings, the Ivy League...
Silver is kind of sexy...
And what color do you get? Black Silver Ivory
Here is a partial quote from a guest editorial in today's Wall Street Journal. Its written by Meyer Frucher Chairman and CEO of the Philadelphia...
This prop industry does seem a bit bitchy and incestuous. Iâve seen more collegiality between used car salesmen working for competing...
If this wireless PC thing ever gets perfected where you can have your charting and order entry system running on a laptop with DSL/Cable type...
Bingo :D
JR was killed - not because of foul language, but because the Elite Establishment and the Trader Trilateral Commission did not want him giving...
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