Trembling Hand
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Bloody hell something really has the SPI by the short & curlies.
Whats wrong with the world?
Whats wrong with the world?
SPI200 Chat - What will happen next?? *suspense music*
- Thread starter ivant
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Think yesterdays falls were all SPI driven rather than cash, so there's not much covering today imo..
Also maybe because everyone is expecting a Long-till-close type of day
Who thinks we'll close in the red today?
Trembling Hand
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Think yesterdays falls were all SPI driven rather than cash, so there's not much covering today imo..
Also maybe because everyone is expecting a Long-till-close type of day
Who thinks we'll close in the red today?
Thinking about it last night, yesterday had the feel of the good old days of option expiry washouts. Just ridiculous SPI momentum driven by nasty evil MM. :vader:
I wounder?? probably a day too late for that game?
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Yep, agree there, definately the futs leading yday.
So you think less chance of covering if it's the futs as opposed to cash?
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Yeh cause theres no shorts to squeeze in the stocks. When the spi gets smacked down arbers will sell stock buy spi (in theory) but they don't need to cover the next day. They'll just keep their 'inventory' till the next opportunity comes along.
Today Instos having a bit of a nibble at banks and miners, but the rest of the mkt is just crap.
I really thought last nites action on the dow was quite bullish. No follow-thru here today.
Hope u're having a good day
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Ok I get you, based on no shorts to squeeze. Yeh, I'm not trading today, but looks aweful!
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You guys talking about the U.S in regards to the short side of things ?
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Aus, all SPI based.
Anyways, someone else beside me think thats a false brk on the SPI?
Trembling Hand
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HSI, HHI, Nk,K200, EUR Try try trying to get through the top.
No luck yet.
No luck yet.
Trembling Hand
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May I add lots of Iceturds on the trail higher today. 
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For those that know, do these sorts of numbers popping up in the queue actually mean anything?
I noticed them a lot last week, Thursday, Friday etc. I notice sometimes they disappear and re-appear or they might swap over, from bid to ask and it seems that it appears to go the opposite way once these appear, unless they start getting hit?....or I might just be delusional
I noticed them a lot last week, Thursday, Friday etc. I notice sometimes they disappear and re-appear or they might swap over, from bid to ask and it seems that it appears to go the opposite way once these appear, unless they start getting hit?....or I might just be delusional
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white_goodman
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just spoofing in the order book, they do it away from market as they dont wanna get hit, you will find they soon dissappear once price starts getting close to them... there not real orders
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Ok, soo...the point of doing that would be what? Big numbers on both sides, then disappear when price gets there, achieves?
They don't always disappear? Pretty sure sometimes I've seen price right on them and they don't go anywhere, price just comes back a few ticks then they might disappear.
Trembling Hand
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Its all part of the game of taking order flow reading away. And it has worked spectacularly.
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Taking it away? They think people that can read order flow won't know its a game? I thought it was a game and I can't even read order flow lol.
It doesn't bother me, I just saw it a couple of times, wondered if it actually made any difference or if it was indeed these "games" going on.
Trembling Hand
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Guess you're really messing up the Arbs & bots hey? Hitting their spoofs and teaching the Spoofters a lesson or two.
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Im not too sure about spi, but on 6e I normally look for icebergs around these points. Here is a video I took a little while ago... visible size appears on the bid at 1.4535 and 1.4534, then watch at 1.4537 and 1.4536 as the orders on the ask are just refreshed as soon as someone tries to front run the size. I have two 'time and sales' running, one for everything and another for orders that are 10+ (on the bottom left), if you watch this you can see that the iceberg on the ask is full of large orders, its not all just crap. Sometimes the visible size disappears, sometimes it doesn't... in this video it doesn't.
http://www.youtube.com/watch?v=BV62rUzFis4&fmt=22
(watch in HD otherwise you cant read the numbers)
Its all over within a few seconds of the video, so you have to watch close.
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Those big orders are a joke.
They are at market sometimes, on top of a real 40 lot for example, but the guy (human) putting them on the 40 lots knows his que position, so he will pull the rest of the orders (100 lots) once most of the 40 is gone. Which makes order flow, even at market, exceptionally hard to read. This is not a bot, but I'm not sure the human knows WTF he is doing either! Part of very very weird style. Add that style which does incredible amounts of volume, to a bot that targets volume, and you get a really farked up order flow.
They are at market sometimes, on top of a real 40 lot for example, but the guy (human) putting them on the 40 lots knows his que position, so he will pull the rest of the orders (100 lots) once most of the 40 is gone. Which makes order flow, even at market, exceptionally hard to read. This is not a bot, but I'm not sure the human knows WTF he is doing either! Part of very very weird style. Add that style which does incredible amounts of volume, to a bot that targets volume, and you get a really farked up order flow.
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^ LOL
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