No, the broker doesn't "fire" the stop. One price traded, or lower, than the price the stop was set at, the broker will send either market orders,...
No, it is stored on your local device or the brokers server until the price is reached, not at the CME, then it is send to the exchange as either...
Stop Order The stop order type is an order which, when accepted, does not immediately go on the book, but must be triggered by a trade in the...
Stop orders are never stored at the CME, that's only for limit orders. At least not as far as i know, never came across something like that.
It's very unlikely that an algo would cause a 90 point drop in a second without any orders being traded in between. Yes algos going haywire can...
I did read it and even did more research because it was unclear, it turns out that it's even possible that if the market moves so fast even the...
This could be an option but OP never specified it wasn't his own stop order that got him out but a different one, so I didn't take that into account.
Because market orders can't execute if there is nothing traded for over 90 points ...
If his order was cancelled then it never would have executed, it did, just at a much lower price than expected.
A link to what? That's the exact opposite of what I have been saying all this time ...
Who is this directed at?
If there aren't any contracts traded until 90 points lower then there are 0 available order types that are going to protect you from that. The is...
Yes, but algo's slamming the price down won't cause massive gaps in traded price like news does ...
Sure, but those 90 points drop in NQ in seconds are usually only happen with news releases and price doesn't even trade at a lot of price levels,...
If you are day trading futures and are only going for short term trades the best way to protect yourself against those spikes during news events...
We are back well above the level that is stop was, yes. But yes, a stop limit isn't guaranteed to fill and it wouldn't have during that move....
That wouldn't have done anything since a stop limit places a limit order at the price you set when that price is traded, however price dropped...
Keep an eye on an economic calendar like financialjuice and make sure you are flat for important news such as CPI in just over 6 hours. Like...
Imagine calling yourself serious while lying all over the place and telling the actual really serious and proven profitable traders to get away...
There is only 1 thing you can do, don't have open positions during major news like NFP. NQ moved 140 points in seconds, so yes, 100 point...
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