Discussion in 'Trading' started by heech, May 18, 2010.
ES down 0.6% in the last 5 minutes. About to break 1110.
maybe someone leveling out their risk, 6600 contracts in 3 minutes at 4:05. 4:06 and 4:07 cst
Suspect somebody got a Margin Call and had their positions liquidated.
The time period between 17:30 - 18:00 EST is typically set aside for daily maintenance by CME and most Brokers.
Between 16:15 - 16:30 EST the ES market is closed and accounts settled. 16:30 - 17:30 ES opens but this period largely is used to settle accounts.
On volatile days having a few orders on the books at the edge of the no bust zone during this "settling" period may catch you a few bargain fills from those not fortunate to live to trade another day.
They were short HP.
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