Jesus don't want me for a sunbeam. 'Cause sunbeams are not made like me. Don't expect me to cry for all the reasons you had to die. Don't ever ask your love of me. Don't expect me to lie. Don't expect me to cry. Don't expect me to die for thee. Jesus don't want me for a sunbeam. 'Cause sunbeams are not made like me. Don't expect me to cry for all the reasons you had to die. Don't ever ask your love of me. Don't expect me to lie. Don't expect me to cry. Don't expect me to die for thee. Jesus don't want me for a sunbeam. 'Cause sunbeams are not made like me. Don't expect me to cry for all the reasons you had to die. Don't ever ask your love of me. Don't expect me to lie. Don't expect me to cry. Don't expect me to die. Don't expect me to lie. Don't expect me to cry. Don't expect me to die for thee.
inset - calm down, it's a Sunday night afterall. I found Jack's posts interesting. No he didn't directly answer the OP's question. But he's not completely off-topic by talking about his mechanics with regards to the OP's concern of orders "cutting in line".
Jack, I commend you on bringing up many fine points. However, what can be done regarding the coaxial linear derivative price study? Should one mechanize the distortion according to Pythagoras' spherical infintesimal model, or would you rather go with the simpler (but more risky) Newtonian low-divergence wavelength method? More importantly, what can be done regarding the shimmering gobs of smegma running parallel to Uranus?
Interesting thread. So much misinformation though. It is important to read the CME rulebook section that pertains to your issue. The fact is, if you trade the ES, then you are on a price and then time priority. Period... there is no cutting in line or exceptions. There is no conspiracy theory. The only exception is a calendar spread. During a calendar spread, the SPREAD time stamp takes priority over everything else. You see this most during roll-over week. For example, let's say there is a spread order in the book since 6 AM CT. The spread is for 16 pts. The order will track each leg of the market and move the orders in each leg to always be in the market. If you are bid at 1531.00 for 10 contracts at 7 AM CT and there were only 500 contracts in front of you, then you take the 501st to 510th position. You then watch as 1531.00 becomes the best bid, but there are now 1100 contracts there. You watch as it trades 600 contracts and you are not filled even though you are 100% certain that you were 501st AT WORST..... What has happened here is that a calendar spread has taken priority over your bid. This is normal and fair to the person who is playing the calendar spread. Very few non-professionals know about this, but it is the reality of what occurs at the matching engine. Also, you say that you put in your order 30 mins early.... were you able to see what is bid/offered at that time and how it changed when you entered your order? Probably not... there are only 5 levels of depth and the ES moves more than 1.50 pts per 1/2 hr period. So the question is... how do you know where you are in the queue? I use X-Trader and it has a feature called Place-In-Que (PIQ). This feature gives you a best guess as to where you are in the queue based on what was there when you put your order in. I have had this feature for a couple of years now in a special API applet that is now standard in X-Trader. It is rarely off except when you put your orders in outside of the quoted prices. In this case, it gives you a worst case guess. For index futures, all other theories are simply unsubstantiated.... you CAN NOT cut in line. You can only hit the bid to get short or lift the offer to get long in front of someone else's bid/offer. I hope that helps. Cheers, FT71 / TheRock71 PS: The rules are different for pro-rata matched products. In that case, your quantity take priority over time.
Where is the love guys?????????????? I do not mind you disagreeing with Jack but calling him names like old fart is just not cool. So much hate fellas ...... Leave him be. He is not twisting your hands and forcing you to follow his strategy. Seriously, there is no need to call him names. Let go of the hate. He is a human being and as far as I know have yet to call people names. Make LOVE not war!
-------------------------------------------------------------------------- Simply put Jack on ignore, then you won't have to read what he writes, unless Pekelo decides to quote him, then you gonna have to put Pekelo on ignore too. Simple!
I NEVER namecall. I simply stated the fact that Jack is old, pathetic and the value of his opinion in this thread worths less than a fart. At least you can light up a fart... You see once I had a similar technical question and he came in and wrote 5000 words ABSOLUTELLY unrelated to my question. Now he did it again. By the way I usually don't read his drivel, but in this case I was curious if he can stay on topic or add something valuable... He couldn't so he can get the out of here...Not to mention he wasn't just offtopic but provided MISSINFORMATION, by saying he can cut in line....
in this example your bid was 1543.75, 4m later you saw the line getting smaller from 49 down to 37, but still you didn't get fill, maybe the reason was some guy cutting in front of you and willing to get fill at 1544.