I just got 40 pt slippage on buy stop loss above 07 micros short, FML. Luckly I was up big before CPI.
YM has reached last week's high. NQ has about 600 points more to go to reach its high from last week. ES has about 90 points to go. I suppose that if YM breaks out above its high of last week, that means ES and NQ might be in tractor beams getting pulled toward their respective previous weekly highs?
That is probably why TradeDay as their rule forbidding positions and resting orders in the market prior to such news releases. 40 points of slippage is 160 ticks. That's a nice week for some of us right there gone in the blink of an eye.
Sorry to hear that. I did a calculated gamble, today. Went long 1 second before the release. Flat 11 seconds after. Had a limit sell in the market at 5930 and it actually didn't fill. So, I panicked and exited at market 12.25 points higher. Disclosure: These are in the end simulator fills, although it's a so called funded account. You sure about that? Remember, yesterday I think you said that when CPI comes after PPI the next day doesn't bring much change...
I am surprised by the slippage micros have, does different brokers have different execution speed on stop orders? how does the exchange prioritizes stop order?
Yes, I was wrong about that. Damn this market is looking for any excuse to pump. The whole downtrend was such a struggle every day to fight off all these mini V's. Now it explodes upwards with such ease.
Stopped out of my short. +$4,100. I'll take it. We're testing the 50 day as I type this. Down 15bps in 10s: https://www.cnbc.com/quotes/US10Y