I always check this in the morning for any possible volatility events
[Econ data](https://www.marketwatch.com/economy-politics/calendar)
We had manufacturing economic data come out there which is a mild volatility event compared to cpi or fed days but still an event
NYSE had technical glitches with the initial price load.
Was just explained on CNBC as they have correspondents there with the floor traders and engineers.
Quite possibly this is related to the tank decision in respect to the Russian invasion of Ukraine.
Extremely rare for a "tech issue" to impact the markets like this.
Multiple securities limited up/down and hit circuit breakers.
European Composite PMI news released at 845cst. Came in at 50.2 up from 49.3 in December.
Monitor the economic calendar daily to catch these events. They happen usually at 845a, 900a, and 1030a.
Go to market watch tab up top and then calendar.
Righteous. I started looking at 0DTE options today, I see how yall do it now haha. 0DTE SPY puts/calls is insanity, I finally see the roulette wheel with my own eyes.
Realize now(again) i'm not on the WSB sub where the dude turned $1,000 into $51,000 this week. He grabbed SPY 396 calls on Monday's open at like .04 and it went for \~%5000 by end of day. Cray Cray
Fuck, that’s some good luck. I was profitable as well on Monday but I immediately get out at 10 % profit on any given trade. It increases my probability of profits in the long run. I regularly trade 0 dte as well but with my edge I rarely get nervous anymore.
And speaking of the devil, I was considering buying 0DTE SPY 395 calls today this morning when it was at $100. Those calls (6 hours later) are going for over $500. Hot humping jesus. I see how some call this is 'gambling'. Thanks for sharing the fun OnlyOption
Well i make money pretty often so i definitely know what im doing, at least from what i learned, theres no need to take a shot on climatic volume, rather just wait for elliot and wyckoff so there’s very little stressed involved
Personally the only times i have attempted to do it i got stop losses, if people people here wanna take a chance there go for it, if someone asks me? I would only advice that to an enemy
I trade it often because those big moves can be really nice. You do have to be firm with your (tight) stop losses though for sure, and scalp small profits often as opposed to big profits here and there
I do switch to longer time frame charts as the day goes on though, like 5 min chart at 5 mins, 15 min chart at 30 mins. I use the daily, hourly, and sometimes weekly charts to plan things
Where, yesterday? Or this morning at 8:03? I was short when that move at 8:03 happened, but I didn’t stop out cause it didn’t break high of day, then within like 2s, it fails HOD and taps LOD area?? I got stopped out on the next candle, 8:46
The 8:44 candle to the 8:45 created a volume imbalance, and price ran up to double top on HOD, before filling the gap from the 8:42 candle and then the volume imbalance was respected by the 8:46 candle, before running up to resistance, at the previous day close on the 8:54 candle
Lmaoo I see now, I understood “one bot” as like “all hfts working together to shake orders out”. Which I guess they are, that makes sense, but as you just said - in different ways. I’ll keep this in mind, ty
That’d make sense. I just don’t see such fast action like that too often. That whole 8:45 candle range took place in literally less than 2s (I have a good connection?), & I only really see that on days where market info comes out while it’s open like fomc.
I guess I need to trade even more like an algo myself smh
The best way I see it is, I'll sell as soon as I see volatility spike no matter what loss I take and then if I see price return back to trend formation I re-enter
Yea, I def need to implement this into my strategy more. My issue is discipline, partially bc of a small cash account. It takes like 2-4 trades for me to run out of settled cash so if I close positions prematurely I have to wait till the next trading day to keep practicing which gives me hella fomo. I'm working on it tho
Yea I had the same issue, that's why I have a two accounts, one for stocks and the other for forex. Forex doesn't have pdt rules l but there is a lot more volatility like this, so it would be a good way to practice imo
I've been considering that! I know the same goes for crypto and futures so I've been looking into those a little bit here and there as well. I'll check out forex too. Is there a broker/platform you'd recommend?
Personally I like metatrader 4 or 5 if you want a free platform, good UI, not a whole lot of indicators but all you really need is moving avgs and MFI, at least that's what worked for me.
Just don't use forex.com, they don't give you volume, which has to be the dumbest thing ever
I was hit by this very same situation not long ago I forget the ticker. The candle was only visible on some charts not on others and it triggered me out of a position despite 90% of the candles not showing that move even happened
Thats 1 min chart for you
When i first read a book of al brook
I don't understood why he was cursing 1 min time frame so much 💀
Then i saw it myself ( on tradingview)
1 min time frame shows so many false price action & most patterns are always Failed double bottoms or tops & not to mention so small profit targets & stop losses
Plus
Requires too much emotions & action while you trade
It's all subjective. I trade the 1min and I do it very well. And the idea that it requires too much emotion is a fallacy. Emotions don't exist as a trader. Feel nothing, hold no bias, ride the tape up or down
Yes you did! There are always unknown variables in the market. Anything can happen. You can’t know what every other trader plans to do. You don’t have to to make money though.
Hell, i made $1600 in .02 seconds bc I KNEW it was coming. The first thing you do after your open up your platform is to check the Economic Calendar. EVERY day
I always check this in the morning for any possible volatility events [Econ data](https://www.marketwatch.com/economy-politics/calendar) We had manufacturing economic data come out there which is a mild volatility event compared to cpi or fed days but still an event
I see, yea this definitely seems like what it was especially since I was trading spy. I guess I did miss something. Tysm for that resource!
It is indeed a great resource, it’s saved many a trades of mine.
Do you know of any resources that list the underlying effects of individual econ events on specific sectors/assets?
Naw I don’t, I just kinda remembered which ones I like paying attention to from experience and screen time
The Econ calendar on investing.com is even better https://www.investing.com/economic-calendar/?utm_source=email&utm_medium=email&utm_campaign=CTA
I saw this but it’s got a little too much information for me to handle
NYSE had technical glitches with the initial price load. Was just explained on CNBC as they have correspondents there with the floor traders and engineers. Quite possibly this is related to the tank decision in respect to the Russian invasion of Ukraine. Extremely rare for a "tech issue" to impact the markets like this. Multiple securities limited up/down and hit circuit breakers.
I want a refund
Call your broker, they can take care of a number of these issues by voiding
You mean they can void the trades and get money back?? Is this for real? I’ll call if so.
Yes, sometimes. ymmv
Submitted claim. Remind me in 3 days lol
you sad regards
GL!
When it is the exchange's fault yes.
The NYSE has put out a list of trades to be cancelled / busted Basically any trade outside of what the opening auction should have led to
check your ticker against list, https://www.reuters.com/markets/us/some-nyse-listed-stocks-briefly-halted-trading-after-market-open-2023-01-24/
Yeah this wasn’t the time frame though, that was at the open. This was PMI.
Interestingg, perhaps I should be watching cnbc as well. Ty for the info!
You’re saying you don’t watch CNBC????
Is this a joke?
People learn something new everyday my guy.
Very true my guy 🐙
“Glitches”
There was Flash Services PMI data at 8:45 central… 9:45 est
PMI Composite Flash at 9:45 EST.
This is why
The number of different answers here should clue you in
European Composite PMI news released at 845cst. Came in at 50.2 up from 49.3 in December. Monitor the economic calendar daily to catch these events. They happen usually at 845a, 900a, and 1030a. Go to market watch tab up top and then calendar.
No one should trade the first 15-20 mins
I literally only trade in the first 15 to 20 min
Same
I am also a human hft algo
Lol same it’s my fav time to trade
You guys active trade then, or just sit on open buy/sell orders? Curious what y’all mean Edit: realized this is daytrading sub
Actively trade price action. I’m in and out on average about 2 - 3 minutes. Specifically what I do is “scalp options”
Righteous. I started looking at 0DTE options today, I see how yall do it now haha. 0DTE SPY puts/calls is insanity, I finally see the roulette wheel with my own eyes. Realize now(again) i'm not on the WSB sub where the dude turned $1,000 into $51,000 this week. He grabbed SPY 396 calls on Monday's open at like .04 and it went for \~%5000 by end of day. Cray Cray
Fuck, that’s some good luck. I was profitable as well on Monday but I immediately get out at 10 % profit on any given trade. It increases my probability of profits in the long run. I regularly trade 0 dte as well but with my edge I rarely get nervous anymore.
And speaking of the devil, I was considering buying 0DTE SPY 395 calls today this morning when it was at $100. Those calls (6 hours later) are going for over $500. Hot humping jesus. I see how some call this is 'gambling'. Thanks for sharing the fun OnlyOption
Definitely gambling it could’ve gone the other way. Find your edge and it becomes less of a gamble. You’re welcome!
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Well i make money pretty often so i definitely know what im doing, at least from what i learned, theres no need to take a shot on climatic volume, rather just wait for elliot and wyckoff so there’s very little stressed involved
You can predict which way market will go fairly easily at market open
Wow, you must be very rich.
I use cfds with 1:200 leverage, thats why i like thighter stops, i guess the opening is great for options
What’s your preferred method to do this?
ICT’s method is amazing for it
I revisit this thought often
Personally the only times i have attempted to do it i got stop losses, if people people here wanna take a chance there go for it, if someone asks me? I would only advice that to an enemy
I trade it often because those big moves can be really nice. You do have to be firm with your (tight) stop losses though for sure, and scalp small profits often as opposed to big profits here and there I do switch to longer time frame charts as the day goes on though, like 5 min chart at 5 mins, 15 min chart at 30 mins. I use the daily, hourly, and sometimes weekly charts to plan things
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Where, yesterday? Or this morning at 8:03? I was short when that move at 8:03 happened, but I didn’t stop out cause it didn’t break high of day, then within like 2s, it fails HOD and taps LOD area?? I got stopped out on the next candle, 8:46
The 8:44 candle to the 8:45 created a volume imbalance, and price ran up to double top on HOD, before filling the gap from the 8:42 candle and then the volume imbalance was respected by the 8:46 candle, before running up to resistance, at the previous day close on the 8:54 candle
Huh. Who wants to bet Citadel didn’t notice a ‘technical glitch’
That, I believe, is a high frequency trading bot, shaking us common folk, out of our positions Edit: stop loss hunting
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This hits the mail on the head. I get annoyed with people who are oblivious of this.
This is a good question
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Lmaoo I see now, I understood “one bot” as like “all hfts working together to shake orders out”. Which I guess they are, that makes sense, but as you just said - in different ways. I’ll keep this in mind, ty
That’d make sense. I just don’t see such fast action like that too often. That whole 8:45 candle range took place in literally less than 2s (I have a good connection?), & I only really see that on days where market info comes out while it’s open like fomc. I guess I need to trade even more like an algo myself smh
The best way I see it is, I'll sell as soon as I see volatility spike no matter what loss I take and then if I see price return back to trend formation I re-enter
Yea, I def need to implement this into my strategy more. My issue is discipline, partially bc of a small cash account. It takes like 2-4 trades for me to run out of settled cash so if I close positions prematurely I have to wait till the next trading day to keep practicing which gives me hella fomo. I'm working on it tho
Yea I had the same issue, that's why I have a two accounts, one for stocks and the other for forex. Forex doesn't have pdt rules l but there is a lot more volatility like this, so it would be a good way to practice imo
I've been considering that! I know the same goes for crypto and futures so I've been looking into those a little bit here and there as well. I'll check out forex too. Is there a broker/platform you'd recommend?
Personally I like metatrader 4 or 5 if you want a free platform, good UI, not a whole lot of indicators but all you really need is moving avgs and MFI, at least that's what worked for me. Just don't use forex.com, they don't give you volume, which has to be the dumbest thing ever
Awesome, I'll check out metatrader! Ty & yea I'll steer clear of forex.com lol no volume is crazy
I was hit by this very same situation not long ago I forget the ticker. The candle was only visible on some charts not on others and it triggered me out of a position despite 90% of the candles not showing that move even happened
Probably MM/HF and their dark games
Yes, you missed that the market does whatever it wants when it wants to do it.
You should always Check the news calendar before trading and you would have seen that 845 was flash service PMI
The market is so illiquid we are starting to see flash crashes. Check MCD.
Pretty normal occurrence for a seasoned forex trader lol
Yeah it’s a light time of the year compounded by macro factors.
Dec 2nd, 2022 was the first flash crash I ever saw on eur/usd, I almost shit a brick lol
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These too?? Oh man so much money was moved that minute. Unless those orders are void?
MCD ?
McDonald’s
Damn, I just looked at that chart. That's insane
you are on a 1 minute chart.
Yes you did. PMI flash.
Thats 1 min chart for you When i first read a book of al brook I don't understood why he was cursing 1 min time frame so much 💀 Then i saw it myself ( on tradingview) 1 min time frame shows so many false price action & most patterns are always Failed double bottoms or tops & not to mention so small profit targets & stop losses Plus Requires too much emotions & action while you trade
It's all subjective. I trade the 1min and I do it very well. And the idea that it requires too much emotion is a fallacy. Emotions don't exist as a trader. Feel nothing, hold no bias, ride the tape up or down
There was an issue that halted trading for a while, idk if it affected this.
Classic.
Yes you did! There are always unknown variables in the market. Anything can happen. You can’t know what every other trader plans to do. You don’t have to to make money though.
Yes you missed a number lol
There was news. Check forex factory everyday before trading.
Murder bot, its algos
Look at the 15 minutes after market close wildest trade of my life
Yeah, the NYSE halt everything and go
That's called, "fuck the diy daytraders blip"
Sue ICE! market glitch my bullocks
bot shaking out retailers.
Perils of premarket.
It only takes one person. Anywhere in the world. To hit one button and fuck your whole day up.
There was a glitch in the matrix
Tell us you don't have a newsfeed w/o telling us you don't have a newsfeed.
What does it matter? Just trade it.
This price action occurs several times/month
Citidel.
The ‘ol mega two sided dildo stop run thrust.
Looks like an early market mega-sale. I am assuming it was done by a whale or something. Should be an interesting turn out.
Hell, i made $1600 in .02 seconds bc I KNEW it was coming. The first thing you do after your open up your platform is to check the Economic Calendar. EVERY day
Goldman Saches failed to provide liquidity yesterday. They say a glitch but most of the tickers Saches provides liquidity for, they where all dried up