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Zr1Trader
Registered: Dec 2010
Posts: 1538 |
03-08-12 03:37 PM
92 block traded at 603 today CL
Look a little more than half way down the T and S ladder you'll see it
On 5 min chart Bullish hammer pattern occured right around that price.
 cl ts 3-8-12.jpg
This has been downloaded 109 time(s).
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booked
Registered: Jun 2011
Posts: 43 |
03-13-12 03:05 PM
anyone watching CL just now? 520(or 540, can't remember) popped up on the low on the bid, was spoofing, pulled it, then there was the 100 lot sitting at 105.70, went down to test it, nothing happened, must've been real I think, now its nearly back to 106 flat.
Why spoof the 500 lot ScalperTrader? I have never understood why they do this, on any market, spoof massive amounts, it must be purely an algo trying to spoof another algo into doing something, wouldn't make sense for a human to do it(as if someone is going to go long 540 lots on CL all at once).
.....probably pushes it higher, into which they're actually selling maybe, lets see if it comes back off to a new low  it's currently @ 105.90
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swag
Registered: Oct 2011
Posts: 71 |
03-13-12 05:55 PM
I've seen the 400-500 lot flasher before, shows up right before a big momentum move. 400 some odd lots showed up on the bid at 106.99 around 11:52-11:53 with price at 107.08, before the move to 108.24. I bet if you watch the book from 11:43-11:45 some bid size spoofed also.
From 11:15-11:41 was an interesting period, seemed like someone had both sides bracketed. With price moving back and forth between 106.48-106.62 range,There were 80+ lots on ask at 106.62, 106.64, 106.66 each. Below the range, 100 lot was at 106.50, it got hit into, then at 11:29 price tagged 106.48, it moved higher a few ticks, then 120+ lots showed up at 106.48, 'defending' it I suppose. Price broke out higher after that.
Some notes I have from Friday 3/9/12, that same 500 lot flasher was there each momentum move higher. One time 180 lots, another time 550 lots showed up a few ticks below best bid just a few seconds before the momentum moves higher. 524 lots at 9:49:44 before a 30-tick upmove. The 108 levels that got rejected at 10:41, 10:58 both had 100 some odd lots sitting above.......
All that being said, I haven't looked at all my recordings yet, but I'd imagine every move has size sitting above or below, not sure how to determine which ones will hold or not.
I was short 11:01-11:02 this morning because there was size (believe 90 lot) at 106.36. But they barreled right through that one.
At the 12:23 HOD today, there was a 212 lot sitting at 107.40. I shorted 107.30, took it off for 10 tics.
Now my head will blow up from watching size levels. Thanks for reading.
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swag
Registered: Oct 2011
Posts: 71 |
03-13-12 05:58 PM
Anyone else watch CL level 2?
What I'm looking for going into close: If we get into 107.30's or we tag 107.40 and size is still there, if it backs off a little I'll try to get short into 107.30's. If they bust through the level, and move into 107.50's and beyond, I'll wait for the upward momentum pause, hope the bid size flasher shows up (150 lot or bigger show up a few ticks below bid), and try to go with it.
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swag
Registered: Oct 2011
Posts: 71 |
03-13-12 06:16 PM
100 lot at 106.95, price is 106.98 x 106.99.
*edit: Took out 106.95 size but moved a few ticks higher. 1:21 est. Sim long 107, stop 106.93, target 107.19. Stopped out on that one.
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