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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (41853)	12/6/2000 11:12:09 PM
From: OX	Read Replies (2) \| Respond to of 44573

when you hear the bid for 200, isn't that the total bid size, so probably multiple customer orders?? (just guessing on my part) anyway, from the CME... "An E-Mini futures order for 30 contracts or fewer must be traded on GLOBEX®2. During pit trading hours, orders for 31 or more contracts must be traded via open outcry on an All-or-None (AON) basis only." cme.com

To: Patrick Slevin who wrote (41853)	12/7/2000 8:28:25 AM
From: SE	Read Replies (1) \| Respond to of 44573

4 or 5 years ago they did not have the e-mini. It started with the ES97Z contract. You know I can never tell based on bid or ask size what is going on. The most I have been able to discren is when I see a bid or ask size that is over 150, preferably over 200, the mini is likely to continue through the large bid or large ask. It is like the bid is the floor and once filled, down she goes. Or visa versa. However, it seems to only be a scalp move of a couple points...then it reverses and goes in the proper direction....usually. But not always. I have been messing with paper trading "positionally." I must say I am embarassing myself. I have done three position trades now. I am up 53.50 points booked and short from 70 currently. My largest drawdown was 7 points. I have no method, no plan, no stops, no nothing. Just doing what "feels" right. Sheesh...I should quit this day trading crap and position this thing.