Cocoa spike

Discussion in 'Ag Futures' started by TraDaToR, Oct 5, 2009.

  1. TraDaToR

    TraDaToR

    Damn,

    smoked on my auto and manual trading... Biggest losing day ever for sure...

    :(

    Tomorrow is an other day.
     
  2. TraDaToR

    TraDaToR

    To me, you only see that kind of crap on ICE...OJ, CC, CT.

    Spikes are more "user friendly" on GLOBEX, even on small Open interest contracts.
     
  3. I got burned on that one too.. buy stop at 3149, filled all the way up at 3241, nasty slippage.... Looking at time and sales I see many trades going through at this level round 09.53.40, looks like many stops taken out.
    Hoping to learn something.... why 3% up before my order was filled, I can see a whole tonne of orders filled before, closer to my stop price..... I spoke to IB and their reponse was they cannot guarantee stop execution price esp in fast mkts.... any ideas on how to prevent this kind of slippage next time? I gather you can't place stop orders directly on this exchange? Stop limit, but then risk it not getting filled...
    second thoughts I think I'll be avoiding this market for a while.
     
  4. TraDaToR

    TraDaToR

    Same here.

    Cocoa was one of my favourite instrument 2 years ago, I have to stop being affective with products...LOL
     
  5. smalls

    smalls

    i call fat finger, some got busted.

    having stops in that is a no no. at least to me.
     
  6. looks like OJ is the new cocoa

    WTF @!@

    that was some spikeroo this am

    :p