Trading Pits – Open Outcry Handsignals
Posted: August 6, 2013 Filed under: Market History, Trading Styles, Videos | Tags: 2013, Market History, Trading Styles, Videos 2 CommentsTrading Pits – Open Outcry Handsignals
Video OpenOutcry Trading Soybeans Chicago Mercantile Exchange
Dont understand what’s going on……………..
Buying
Palms facing toward body.
Selling
Palms facing away from body.
LOTS
Numerical hand signals are generally constant throughout all trading floors but slight variations are made with figures greater than 99. Price is displayed away from the body and the quantity is displayed close to the face. Generally price is displayed before quantity (“price on quantity”) to buy and it’s the opposite to sell (“quantity at price”). When contracts are quoted in increments of 10ths, generally the signals used will be 1-9 and rather than increments of 10s.
LOTS 1 – 10
Index finger pointed upward at chin level, rest of fingers closed.
Index and middle fingers pointed upwards at chin level, rest of fingers closed.
Pinky, ring, and middle fingers pointed upwards at chin level, thumb holds down index finger.
Pinky, ring, and middle fingers pointed upwards at chin level, thumb holds down index finger.
All five fingers spread open at chin level pointed upwards.
Index finger pointed horizontally at chin level, rest of fingers closed.
Index and middle fingers pointed horizontally at chin level, rest of fingers closed.
Pinky, ring and middle fingers pointed horizontally at chin level, thumb holds down index finger.
Pinky, ring, middle and index fingers pointed horizontally at chin level, thumb closed in palm.
Index finger pointed upward at forehead level, rest of fingers closed.
LOTS 20 – 100
Index and middle fingers pointed upwards at forehead level, rest of fingers closed.
Pinky, ring and middle fingers pointed upwards at forehead level, rest of fingers closed.
Pinky, ring, middle and index fingers pointed upwards at forehead level, thumb closed in palm.
Index finger pointed upwards at forehead level and then becomes a fist.
ONE THOUSAND LOTS
Horizontal arm crossed by vertical arm which indicated number of thousand.
Excelente, muy buen artículo.
Gracias!!
Intriguing progression of gestures,… babe to Bull.