ES low 1358 ?????

volente_00 · Jan 14, 2008

Quote from Buy1Sell2:

This is one of the reasons that trading intraday charts especially overnight intraday charts is a very risky thing. You will notice in reviewing historical charts that this almost always occurs in the direction of the predominant trend. A position trader who trades only with the trend and not against it will generally not have this kind of an issue to worry about.
More...

How do you define a trend on a 70 point move in less than 5 minutes ?

jpatet · Jan 14, 2008

Quote from Trader5287:

To GLOBEX traders:
Mon Jan 14 06:37:46 2008 EST

GLOBEX CANCELLED TRADES UPDATE

Further to our earlier bulletins; although not confirmed, we understand that there was a mass order error by another financial firm which resulted in a large imbalance in the GLOBEX order book, and the subsequent spike in the market. GLOBEX cancelled (busted) trades which occurred outside of the no-bust range in their equity index futures and future options. We believe we have manually removed all of the cancelled trades from customer accounts. This is a manual process, so customers should use the previous price ranges as guidance, and contact customer service if you believe that your position is incorrect. It is important to note that all other trades will stand. This includes trades which have been executed because of the large market move, including stop and conditional orders that may have been triggered by the price move. It shall also include orders that were triggered by an execution price of a trade that was subsequently cancelled by GLOBEX. Clients should manage their current positions. We understand that clients may be adversely affected by the ruling made by GLOBEX, and have made a formal complaint to the exchange.
More...

How was this "no-bust range" determined? How did 1398 become the bottom of the range?

CHACHA420 · Jan 14, 2008

Quote from jpatet:

How was this "no-bust range" determined? How did 1398 become the bottom of the range?
More...

Becuase they know their friend and family members are now safe.

Log in or Sign up

ES low 1358 ?????

volente_00

jpatet

CHACHA420