Yeah. I was wondering if anyone would step forth and share if they actually had a position into that report. I wouldn't be surprised if the slippage was 10 points or way higher even. But I do think that report may have been an outlier. Possible the FOMC this Wednesday have the potential to be similar, although I don't think it will be as severe. Anyone holding a position into that unless well in the money is gambling, though. Wise man. Is that stop limit orders? Never used those. I use regular stop market orders and stop price = fill price most of the time with my cute little contract. I've traded 5 contracts in the past and as much as 10 contracts and pretty much experienced the same during RTH. I do remember price spiking to my limit sell order once and coming back down unfilled.
No just plain resting limit orders that I stage waiting to spring into action when the moment is right.
Damn. Don't feel too crazy about shorting this right now for some reason. Stopped out on a long on the Open and am now flat and watching. If we can get a PB I might take a low risk short entry if offered, but was primarily leaning long for today's Open, so I missed this drop. Certainly not trying to pick a bottom either. If I follow up on yesterday's and the weekend's thesis, we did trade back into 3900, but that level was rejected. So, from a big picture view we should be going lower now.
Ford dropped 5% About 1 ticks even yesterday. Had a limit but I guess I was very late in the queue so only got partly filled on the limit and the rest got filled at 1 tick below.
Won't be greedy on a long either. More than happy if I get 3900 as an initial target. Working the mid-point now. Could still head lower. Careful...
Looks like a test of last week's low, doesn't it? 3850. Might not get it easily though. Market's still finding a bid down here...
Think it is only a matter of time. Sweden raised the ante going a full 100 basis points before The Fed and others. 10yr rocketing. Crude, forward looking, selling off.... again.