No. Most likely these are coming from institutional trading desks. They know their customers' orders. Chinook
I'm not sure if the futures that are 'created' are included in the open interest, etc. My guess is yes, they are actual futures and they get posted to the exchange for recording.
I saw this post below by sulong and that was another reason i was questioning....... ""pre scheduled news/ reports releases" create emotional responses from traders, looking at price action prior to those set times, you can readily see where stops are likely placed, and determine how much of a price move needs to take place to trigger a cascade effect." I was curious how he sees the stops exactly? and how this whole thing goes down as far as the cascading.
Cascading stops can occur when stops that are big enough to move the market are at different levels that are close together. For example, if many have long positions and the price falls to a level that triggers sell stops this can move the market down to a level that triggers more stops, etc., etc.
When price stops and then reverses direction, we can assume traders both exited, and entered at that price level. Those that entered, will keep an eye on that price, looking to add to their position, as long as price don't exceed that level by much. As price test that level, and does not exceed,(showing a loss for those that entered) there is opportunity to enter more at the best perceived price at the time. As that time passes, and positions get taken, we can assume that if the trade does not work out,(perhaps due to an unfortunate econ report) these traders will exit at break even, or with a small loss. At which point the price change will accelerate as there is a rush for the door. And there are more traders taking a new position in order to ride to momentum. All this create a cascade effect.
"When price stops and then reverses direction, we can assume traders both exited, and entered at that price level." ok so one trader sells and another buys moving the currency pair higher, I assume these are large market makers and not small traders like myself? "Those that entered, will keep an eye on that price, looking to add to their position, as long as price don't exceed that level by much." Kinda confused here. but im gathering, assuming this is a market mover, he is putting in bate to test the position amount needed to nudge the market price (or test to find out where others positions currently sit). otherwise if its just a small fish why wouldn't he want the price to fly up in his direction? "As price test that level, and does not exceed,(showing a loss for those that entered) there is opportunity to enter more at the best perceived price at the time." now im lost, how is this showing a loss for those that entered i thought they didn't want price to exceed, and what is the best perceived price at the time? "As that time passes, and positions get taken, we can assume that if the trade does not work out,(perhaps due to an unfortunate econ report) these traders will exit at break even, or with a small loss." the econ report was not positive so now everyone is selling their positions or being stopped out. others are shorting and jumping in for the ride down. "At which point the price change will accelerate as there is a rush for the door. And there are more traders taking a new position in order to ride to momentum." "All this create a cascade effect."
The key is to live in the moment. No griefs about the past and no worries about the future. Simple meditation brings complete clarity to the mind... http://news.yahoo.com/news?tmpl=story&u=/ap/20040913/ap_on_he_me/arthritis_meditation_2 Chinook
1) Make sure that I'm in a relatively quiet place or at my place at a quiet time of the day. 2) Sit down at a comfortable place but without head support so I don't fall asleep. I sometimes put my legs on the coffee table. 3) Play some kind of nature sounds. I like waves crashing at the shore, bubbles popping on sand--it's relaxing and it's kind of white noise. It masks the ambient noise. 3) I close my eyes and start deep breathing. At this time, my mind is like a freight train, all kinds of thoughts going at full speed. 4) Continue deep breathing and just think about your breathing. Other thoughts will still be present for a while. Try to breath with your stomach, inhale and exhale slowly. There's no rush. Don't force anything. 5) Eventually, the thought train slows down. After 4-5 minutes, my mind is almost 100% relaxed. I don't think about the past nor the future. I keep on breathing. Usually, the thoughts disappear and behind my closed eyes, I feel/see I'm travelling in a tunnel very fast with fuzzy alternating brightness and darkness. I feel extremely relaxed and I enjoy the ride as long as possible. Chinook
I lead a crazy life. I can't sleep when the market is moving against me because I feel like I need to get out if things move strongly. I can't sleep if the market is moving for me because I want to watch and see how much it's moving and I get too curious to sleep. Problem: trading too much size. Solution: cut size significantly. Alternative: stay awake until i drop. Better just watch Howard Stern show.
I find that I love trading so much, especially when I have to drag myself away to do my day job. Your mind starts to do weird things after being awake for 48 hours. I mean really weird things....(I made myself really sick once) Michael B.