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Question for anyone who trades the NQ:
I've been watching the NQ0M today and I was surprised to see how many
large (5-6pt) jumps there are in the price, from one tick to the
next. Considering the volume of the contract -- 30-60 ticks per
minute for much of the day -- I expected it to have a pretty narrow
bid/ask. But there are a LOT of cases where somebody gets filled 5-
6pts away from the most recent fill, and then the market jumps back
to the previous price.
Apparently it's a profitable game to bid or offer well off the
current price, and hope for a fill? I suspect you'd almost have to
have a Globex2 terminal to really make this work, but it's worth
noting for anyone considering using stops in the NQ. (As if the
occasional gigantic stop-running spikes weren't enough!)
Gary
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