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Stop-Hunting Algos Dominate S&P 500 Today
It seems the machines are in full stop-hunting mode today. One wonders when regulators will sniff around these 'hunts' finally (just as they did in FX markets - which banks paid minimally for this week).
Extending beyond highs and lows by a tick or two each time and hinging around VWAP, the machines are running the show again today...
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Regulators? But But But...isn't that how you make-a-market?
Regulation is bad, a macabre manifestation of socialist bureaucracy - we should all know that.
Go read chapters 1 through 3 of the Gospel of St. Reagan.
Amzn blasting into PE beyond infinity and beyonder
This needs to return to banking.
http://www.youtube.com/watch?v=oBzvMLW0ii4
The regulators can and should not allow anyone to have the data of where the stops are. Just like short interest, only a small hand has that data in real time, which they use against the shorts like taking away candy from a baby. Fucking criminals.
But the algos, can assume that the stops are 2 ticks beyond the prior high or low. The ES is riddled with "traps" like this. If you know how to see them then you can enjoy the quick slapback ride as stops get hit.
It's not about being right in trading but knowing where other traders are wrong. Not easy at all. Take your stops like a man and quit bitchin....
What would be the point of regulators looking into this when they already know who's doing it.
anyone have a spare copy of vwap indicator for trade station ?
Go to big mikes trading. Most anything is there. But don't expect anyone can show you how to use it.
casino royale....
good thing the fucking muppets paid Gross all that fucking money so they could be just like him aye...
fucking dumb ass americans...
Why wouldn't they? It's not like the SEC cares. It's not like anyone goes to jail. It's not like illegality matters. After all they are doing God's work and it's because the sheep are too stupid to know what's good for them.
the fog clears when you realize todays "regulator" is tomorrows bankster ... no better way to interview than come into a bank to look at the books ... and look the other way if advised
Nobody but the people who wrote them know what they do.Neither the regulators nor the bankers understand what's going on, they've built a monster that will eventually turn on them.
The Lloyd is my shephard?
My guess: volume is so wretched, with hands-on types taking Friday off to make snowballs, what we're seeing are the standard algos always at work, but which are normally hidden amongst other action. Almost like an X-ray print allows you to see what lurks behind. (Perhaps good news for shorts: oil is tanking again, and markets are slightly edging lower, but today may be a day to stop trading at noon and relax, if this crap continues)
"Regulators"... Lol. They are too busy whacking a mole while watching midget tranny porn to do any sniffing around.
Considering the porn habits at the SEC, midget trannies might be a step up....
Gotta take out the lows before we hit the new highs... I'm sure they'll smash the VIX by the end of the day too.
They got away with yet another tiny fine for fx rigging, so back to business as usual.... rigging the 'markets' so they take 100% of the time
When we don't know who else to blame: blame the fucking AlGo(r)es!!!!
Silver up 2%. I thought they were supposed to halt trading.
Can't regulate machines...yet. Legislate SkyNet and its Algos on Wall Street!
I bet today will be one of the lowest volume days of the year.
The Dow and the S&P 500 may have peaked yesterday, hard to say yet. There is still room for one more run at a new high before rolling over...
Either way, expect a Fibonacci pullback over the next few days.
http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...
elliott wave LOL! when is Primary "Wave 3" coming? SPX 1300? 1600? 1900? duh .. maybe 2050? yeah that's it!
The Preacher is a joke. He is the ultimate snake oil salesman selling FEAR all the time.
P3 was suppose to happen 5 years ago when he said, "The FED does NOT matter. LOL
It's a market at a decision point. Thousands of days exactly the same as this one play out....
That's what makes it... fun.... ?
:)
What indicators are those? One looks like a S/R etc.
Anyone, anyone? Buehler?
I think the mid line is VWap, so it says snp is rangy going to 2nd deviation back and forth. Shit the snp does this all the time. Rangy ass bullshit.
The trend is your friend. With the snp you don't have that many friends, and if you want a good friend, get a dog.
Chopfestie marky, most of the time.
Gee, imagine that - stop hunting. And this is news? Must be a slow Friday.
www.traderzoo.mobi
ScottTrade has been using stop hunting algos since at least 2007.
They think a lot of people don't know that.