FTSE Drop at 14:10
Wasn't sure if I should put this on First Steps as I'm just learning...
Anyway - I've got a Tenfore datafeed, saw a scary drop at 14:10 on a 5m chart, switched to a tick by tick and I see an isolated tick at 4125 when market was around 4142. So basically markat price was 4142, 4125, 4142.
Can anyone tell me what the implications are - should I be wearing brown trousers etc. ?.
I'm thinking - if I was long using an SB and had a stop in 10 below market - then I'd be stopped out at 'next available price' by the SB company ?.
Or could it be a data error on the feed because this doesn't show up in the D4F chart. A similar thing happened ith the SMI about half hour later.
Wasn't sure if I should put this on First Steps as I'm just learning...
Anyway - I've got a Tenfore datafeed, saw a scary drop at 14:10 on a 5m chart, switched to a tick by tick and I see an isolated tick at 4125 when market was around 4142. So basically markat price was 4142, 4125, 4142.
Can anyone tell me what the implications are - should I be wearing brown trousers etc. ?.
I'm thinking - if I was long using an SB and had a stop in 10 below market - then I'd be stopped out at 'next available price' by the SB company ?.
Or could it be a data error on the feed because this doesn't show up in the D4F chart. A similar thing happened ith the SMI about half hour later.
Jdax,
I've got Tenfore as well, feeding Indexia. On that down spike I get a volume of 544 on the 1 min. bar. It looks like it might have been a 500 market order. Someone doesn't know how to trade or couldn't give a toss about 15 points!
Get the brown trousers out :cheesy:
I've got Tenfore as well, feeding Indexia. On that down spike I get a volume of 544 on the 1 min. bar. It looks like it might have been a 500 market order. Someone doesn't know how to trade or couldn't give a toss about 15 points!
Get the brown trousers out :cheesy:
FTSE 14:10 drop -
So do you know if I could have been stopped out by an SB - when I said 'I'm thinking - if I was long using an SB and had a stop, say at 4135 so between 4142 and the drop to 4125 - then I'd be stopped out at 'next available traded price' by the SB company ?.' I'm not sure because it doesn't show on their chart
Funny the same thing happened on the SMI by about the same points at 14:45.
Finished my paper trading for the week - or more like 'I must get more serious about this next week when the sun stops tempting mr outside' kind of week.
Off for a coffee outside somewhere
Have a nice weekend
So do you know if I could have been stopped out by an SB - when I said 'I'm thinking - if I was long using an SB and had a stop, say at 4135 so between 4142 and the drop to 4125 - then I'd be stopped out at 'next available traded price' by the SB company ?.' I'm not sure because it doesn't show on their chart
Funny the same thing happened on the SMI by about the same points at 14:45.
Finished my paper trading for the week - or more like 'I must get more serious about this next week when the sun stops tempting mr outside' kind of week.
Off for a coffee outside somewhere
Have a nice weekend
mully
I try not to hold after hours unless its a force majeure.
or there is some special reason for doing so.
I closed last night and had to reopen today.
on a continuation I will always miss out on some of the rally that
way. But it was hard up against the top resistance line.
I try not to hold after hours unless its a force majeure.
or there is some special reason for doing so.
I closed last night and had to reopen today.
on a continuation I will always miss out on some of the rally that
way. But it was hard up against the top resistance line.
There are 3 features to Friday's market which seem worthy of comment.
1- The gap at 100 is now covered.
2- The top trend line from 4172 has been broken.
3- Futures expiry at 4147 once again appeared a key level and
has not been decisively broken.
It is possible that many who went short after expiry may have got out now.
But I have not yet seen Friday's closing level of Open Interest.
1- The gap at 100 is now covered.
2- The top trend line from 4172 has been broken.
3- Futures expiry at 4147 once again appeared a key level and
has not been decisively broken.
It is possible that many who went short after expiry may have got out now.
But I have not yet seen Friday's closing level of Open Interest.
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I havn`t really dealt with this as I probably don`t yet fully understand the uses of lots of these other indicators. I want to keep it as simple as possible and follow the trend . I try and filter my buys with trying to make sure the DOW is pointing in the same direction as my trade (1 minute 100 ema + 60/100/5 MACD. I also have the FTSE 1minute 100 ema, FTSE 5 minute 12 ema, Dow 5 minute 12 ema available to look at and the Yahoo 1 minute for the actual. I should still be in the above trade and tend to anticipate or sometimes panic out of a trade. Obviously my main problem is myself, but I am getting better and have increased confidence in myself. I don`t feel too confident in posting real-time just yet but not too many others do either.