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October 17 2022 index futs became much smarter!


Discussion in Emini and Emicro Index

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October 17 2022 index futs became much smarter!

  #1 (permalink)
 HiLatencyTRDR HLT 
Midway florida
 
Posts: 462 since Dec 2018

Stock index futures have been a particular difficult trade for me lately due to the lack of liquidity and algos gunning for sells or buys just to reverse into air pockets up and down.

Just wanted to vent a little. I'm sure some are liking it but for me the algos are really trying to fill customer orders and will stretch the mkt short term much more than usual even outside of regular vix number.


I have still been profitable even today but not without large drawdowns to get there! Seems very difficult to get any traction in either direction.

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  #2 (permalink)
 
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 syswizard 
Philadelphia PA
 
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HiLatencyTRDR HLT View Post
lack of liquidity

Which symbols ?

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  #3 (permalink)
 loantelligence 
Syracuse, NY
 
Experience: Intermediate
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Noticed the same problem on MNQ.......suspect NQ likely the same....last couple days were tough.....Market makers bots are cleaning out all the stops....in both directions....

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  #4 (permalink)
lightsun47
Toronto, Canada
 
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syswizard View Post
Which symbols ?

MES on Thursday and Friday was especially just crawling. Pretty slow compared to regular days.

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  #5 (permalink)
 
syswizard's Avatar
 syswizard 
Philadelphia PA
 
Experience: Advanced
Platform: Multicharts
Broker: Ironbeam, Rithmic
Trading: Emini ES / NQ / CL / RTY / YM / BTC
Posts: 344 since Jan 2019
Thanks Given: 20
Thanks Received: 146


loantelligence View Post
Noticed the same problem on MNQ.......suspect NQ likely the same....last couple days were tough.....Market makers bots are cleaning out all the stops....in both directions....

Can you quantify or guesstimate these excursions in market price ? 1 tick, 2 ticks...or more ?

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Last Updated on October 24, 2022


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