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| May Trade Log | Trade Strategies | WRB Analysis Tutorials | Music While Trading | Testimonials | Disclaimer |
#FuturesTrades
May 20th Tuesday 2008 Trade Log
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Emini EMD 1430pm - 1432pm est |
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Current Performance Record |
Volatility Spike of the Day |
Profit/Loss Statement |
General Strategy Info: The above profit/loss info represents trades by M.A. Perry (a.k.a. NihabaAshi - martial arts and Japanese Candlestick term) only and all trades were posted in real-time within 5 seconds after entry or exit as shown in the below chat log.
Also, I'm the moderator of #FuturesTrades and I use the below chat log as feedback to critical trading information that's not available when I review my broker statements nor any statistical analysis of my trading.
Further, although I'm not familiar with the trade methods used by most members of #FuturesTrades, I use a rule based methodology (very objective) that involves price action only trading (no indicators).
There is some subjectivity involved with some of my trades when I'm developing a new entry signal or new trade management (hence the name TheStrategyLab.com).
In addition, my intermarket analysis allows me to switch and profitably trade any other trading instrument whenever I want if/when I don't want to trade the Russell 2000 ER2 Emini Futures.
With that said, today's trade posting chat log is below and it contains all my trades that were posted in real-time along with the trades of other members of #FuturesTrades.
Further, if you want the instructions for gaining access to our free #FuturesTrades chat room...click here.
#FuturesTrades purpose, benefits and access info for day traders, swing traders and position traders...click here.
Time Zone Info Chat Log below is eastern standard time (est) - New York City, U.S.A and/or Montréal, Canada time zone. WRB Analysis
Session Start: Tue May 20 09:25:31 2008
Session Ident: #FuturesTrades
[09:25] * Now talking in #FuturesTrades
[09:26] <NihabaAshi> Looks like Othernet server problems this morning.
[09:27] <NihabaAshi> Will log off and back on to make sure its the Othernet and not me.
Session Close: Tue May 20 09:27:05 2008
Session Start: Tue May 20 09:27:05 2008
Session Ident: #FuturesTrades
[09:27] * Disconnected
Session Close: Tue May 20 09:27:05 2008
Session Start: Tue May 20 09:35:49 2008
Session Ident: #futurestrades
[09:35] * Now talking in #futurestrades
[09:35] <@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
[09:36] <PapaJon> theres everybody
[09:36] <+PapaJon> servers got back together
[09:36] <@NihabaAshi> Good :)
[09:36] <KN-ES> OUT 3/4 18.50 ............... + 2.50
[09:37] <+KN-ES> again trouble with script
[09:37] <Flex> what happened
[09:38] <+Flex> with script I mean ?
[09:38] <BigDawg291> did you short KN?
[09:38] <+KN-ES> yes
[09:39] <+KN-ES> 1421
[09:39] <+BigDawg291> nice, where do you see you us going today?
[09:39] <+KN-ES> 1/4 19.00 ...................... + 2.00
[09:39] <@NihabaAshi> 0,3 Long ER2 @ 733.60 -> medium size
[09:40] <+KN-ES> we are going deep south today :)
[09:40] <szubbark_away> lol
[09:40] <+BigDawg291> lol
[09:40] <+KN-ES> thtats what i think so far
[09:40] * szubbark_away is now known as szubaark
[09:41] <@NihabaAshi> 0,2 Exited ER2 Long @ 734.10 --> + 0.5
[09:42] <dragon310> short er2 734.10
[09:42] <@NihabaAshi> KN-ES...your deep south comment and my dream last night about my toddler coloring my charts with red crayon has me spooked this morning on any Long positions.
[09:42] <@NihabaAshi> :)
[09:42] <+KN-ES> :)
[09:43] <+KN-ES> dax dropped 500+ points........ so
[09:43] <+KN-ES> i think we are going south (down) for a while
[09:43] <@NihabaAshi> Simply, I'm going to play hit & run on any Long positions today while trying to hold my Shorts as normal trades
[09:44] <+dragon310> cover 1/2 733.10
[09:44] <lumenPharmer> crazy kids ;)
[09:44] <@NihabaAshi> 0,3 Long ER2 @ 733.90 -> small size
[09:45] <+PapaJon> very wiggy today
[09:45] <+lumenPharmer> get them working on the lottery numbers ;)
[09:46] <+KN-ES> out 4 19.50 ............. + 1.50
[09:46] <@NihabaAshi> 0,2 Exited ER2 Long @ 735.00 --> + 1.1
[09:46] <+KN-ES> h 9
[09:47] <+KN-ES> out 2 20.00 ............. + 1.00
[09:47] <@NihabaAshi> Nice bounce upwards against my overall bearish bias about the market today.
[09:49] <+KN-ES> s.l 22.75
[09:49] <+KN-ES> 22.50 has to be taken out to reverse the trend.........
[09:50] <@NihabaAshi> Weak resistance area
[09:50] <+szubaark> 0,6 exit stop moved to breakeven ES @ 1421.25 4,0 «« paper »»
[09:51] <@NihabaAshi> 0,4 Shorts ER2 @ 734.80 -> small size
[09:52] <@NihabaAshi> Lowered my position size because price action is a little too fast for me for some odd reason
[09:53] <KN-ES> 0,4 Shorts ES @ 1421.00
[09:53] <+KN-ES> finally its working
[09:54] <@NihabaAshi> 0,2 Covered ER2 Short @ 733.60 --> + 1.2
[09:54] <+KN-ES> cool
[09:54] <+BigDawg291> sweet i flipped ES for 1 point
[09:55] <+szubaark> market waiting for 10am news
[09:55] <+KN-ES> :)
[09:55] <@NihabaAshi> staying on the sidelines for awhile to wait for my MIND to catch up with the speed of this price action that just feels too fast for me.
[09:55] <+dragon310> i can't handle this inflation anymore.. so market shouldn't
[09:55] <+KN-ES> i m waiting for 12.50 :)
[09:56] <+KN-ES> 0,2 Covered 1/4 ES Short @ 1417.50 --> + 3.5
[09:56] <+KN-ES> h6
[09:56] <+KN-ES> 0,2 Covered 1/4 ES Short @ 1418 --> + 3
[09:56] <+KN-ES> h5
[09:57] <+BigDawg291> dang wish i wasnt a wimp, was short at 1420.75 and got out for a point
[09:57] <+szubaark> 0,2 Covered all Short ES at 1418.25 --> + 3 4,0 «« paper »»
[09:58] <+szubaark> News in 3min
[10:00] <+KN-ES> 0,2 Covered 1/4 ES Short @ 1417 --> + 4
[10:00] <+KN-ES> h4
[10:02] <startrader> 0,3 Long NQ @ 2002
[10:03] <+lumenPharmer> we went from 3-14-07 to 6-1-07 last year, started at 3-17-08 this year
[10:03] <+lumenPharmer> maybe yesterdays top will hold for a few months, will see
[10:04] <+dragon310> there we go er
[10:04] <+dragon310> about time
[10:04] <+KN-ES> 0,2 Covered 1/4 ES Short @ 1416 --> + 5
[10:04] <+KN-ES> h3
[10:04] <+szubaark> nice KN
[10:04] <+BigDawg291> nice KN
[10:04] <@NihabaAshi> 0,4 Shorts ER2 @ 731.80 -> small size
[10:04] <+KN-ES> thanks
[10:04] <+dragon310> cover 2nd 1/2 of er --> +2
[10:04] <+dragon310> h2
[10:04] <+KN-ES> cool
[10:06] <@NihabaAshi> 0,2 Covered ER2 Short @ 732.60 --> - 0.8
[10:08] <+dragon310> covered rest of er2
[10:09] <@NihabaAshi> 0,4 Shorts ER2 @ 732.90 -> medium size
[10:10] <+startrader> 0,2 Exited all NQ Long @ 2001 --> - 1
[10:10] <+dragon310> short 732 med size
[10:10] <@NihabaAshi> 0,2 Covered 1/2 ER2 Short @ 731.80 --> + 1.1
[10:12] <@NihabaAshi> 0,2 Covered Remainder ER2 Short @ 732.70 --> + 0.2
[10:12] <+startrader> 0,3 Long NQ @ 1099.50
[10:14] <@NihabaAshi> 0,3 Long ER2 @ 733.50 -> small size
[10:14] <@NihabaAshi> 2 only and will be dropping down to 1 contract only for the remainder of the trading day.
[10:14] <@NihabaAshi> I'm having some problems in keeping up with the price action...still feels too fast for me today.
[10:16] <+szubaark> 0,4 Shorts ES @ 1417.50 4,0 «« paper »»
[10:17] <jsbach> short ER2 @ 734.8
[10:17] <+dragon310> short 734.80
[10:19] <+dragon310> er needs to make a little run down like ym did
[10:20] <@NihabaAshi> 0,2 Exited 1/2 ER2 Long @ 735.20 --> + 1.7
[10:21] <+dragon310> covered er 735.20 --> -.05
[10:21] <@NihabaAshi> Weak resistance area here for ER2
[10:22] <tzar> good morning NihabaAshi
[10:22] <+tzar> and KN-ES
[10:22] <+tzar> and everyone else
[10:23] <+Flex> gm
[10:23] <+BigDawg291> good morning tzar
[10:23] <@NihabaAshi> 0,2 Exited Remainder ER2 Long @ 733.80 --> + 0.3
[10:24] <@NihabaAshi> :(
[10:25] <+KN-ES> it should go up . 19.50
[10:25] <+KN-ES> gm tzar
[10:25] <+jsbach> exited ER2 short --> -2pts
[10:25] <+BigDawg291> would you short if it gets there KN?
[10:25] <+KN-ES> i already have a good enty. i think
[10:26] <+KN-ES> 1421
[10:26] <+KN-ES> so, i will hold this trade as long as price doesnt take my stop out
[10:26] <+BigDawg291> very good, I was in at 20.75 but already got out
[10:26] <+tzar> KN-ES you have a trailing stop?
[10:26] <+dragon310> short er 734.4 large size
[10:26] <+KN-ES> nop
[10:26] <+jsbach> short ER2 @ 734.4
[10:27] <+KN-ES> fixed stop...... 22.75
[10:27] <+tzar> and what is your Exit target?
[10:27] <@NihabaAshi> 0,3 Long ER2 @ 735.00 -> small size
[10:27] <+dragon310> covered er 735.4 < -1
[10:28] <+KN-ES> i have all movign targets...... well, 12.50 is my last target...
[10:28] <@NihabaAshi> 0,2 Exited ER2 Long @ 736.20 --> + 1.2
[10:29] <+jsbach> short DAX @ 7156
[10:30] <+jsbach> exit ER2 --> -.4
[10:30] <+jsbach> exit DAX @ 7151
[10:32] <@X> 1,4 #FuturesTrades Info -> 8,2 No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChatRoom.htm
[10:38] <+KN-ES> 0,2 Covered 1/4 ES Short @ 1415 --> + 6
[10:39] <+KN-ES> h2
[10:39] <+tzar> KN-ES, what time frames are you looking at?
[10:39] <+BigDawg291> nice wish I would have held longer
[10:40] <+KN-ES> 1 min to exit
[10:40] <+KN-ES> none to entry
[10:40] <+KN-ES> enter
[10:41] <Widgetman> this looks sick long
[10:44] <+KN-ES> this time looks like we will have a short long trend
[10:44] <+KN-ES> . 20.50 max
[10:45] <+tzar> would that be a good short entry KN-ES?
[10:45] <+dragon310> short er2 735
[10:48] <+KN-ES> tzar, we are in the middle of a trend, should be a good entry there but still a trade can go any direction
[10:48] <+KN-ES> no one knows, and i definitely dont know
[10:48] <Splurge> hi everyone..new to this room. Question has anyone got a link where I can download a clock or countdown timer?
[10:48] <+KN-ES> hi Splurge
[10:48] <+KN-ES> welcome
[10:48] <+Splurge> thx
[10:48] <+KN-ES> ts?
[10:49] <+tzar> obviously there is no one can be 100% certain in the market
[10:49] <+Splurge> ts=tradestation
[10:49] <+Splurge> no I use IRT
[10:49] <Andy> 0,3 Long ER2 @ 1417 4,0 «« paper »»
[10:49] <+dragon310> covered er2 735.4 > - .04
[10:49] <+Splurge> I presume thats what you meant
[10:50] <+Splurge> just looking for a freeware timer of some sorts
[10:50] <+KN-ES> i m afrad i dont use IRT
[10:50] <+Splurge> ok thx anyway
[10:50] <+KN-ES> tzar, my best guess is we will see 12.50 +- today, so in that sense 20.50 is a very good entry
[10:50] <+Andy> 0,2 Exited 1/2 ER2 Long @ 1418 --> + 1 4,0 «« paper »»
[10:50] <+KN-ES> nice Andy
[10:51] <+Andy> :) thanks KN
[10:51] <+szubaark> tough to stay in a trade, tight range
[10:51] <+KN-ES> if 22.75 is the stop... risk is 2.25 and 12.50 is the target reward is 8.00
[10:51] <+tzar> thanks for the explanation KN-ES
[10:51] <+KN-ES> you welcome
[10:52] <anglo> [10:48] <+tzar> obviously there is no one can be 100% certain in the market
[10:52] <+anglo> If you do the opposite of me...you will be close to 100%...hehe
[10:52] <+tzar> haha
[10:53] <+KN-ES> haha
[10:54] <+tzar> we can make an indicator than, if anglo is long, then we short and vice versa
[10:54] <+tzar> im in the same boat with you anglo
[10:54] <Brutus> splurge - I'll give you some info at lunch
[10:54] <+jsbach> short EMD 877.9
[10:54] <@NihabaAshi> 0,4 Shorts ER2 @ 734.00 -> small size
[10:55] <@NihabaAshi> :(
[10:55] <+Andy> 0,2 Exited Remainder ER2 Long @ 1416.25 --> - 0.75 4,0 «« paper »»
[10:55] <+Widgetman> fwiw
[10:55] <+Splurge> that would be great thx Brutus
[10:55] <+Widgetman> I have a trend indicator on er2
[10:55] <+Widgetman> made nice long sig 2 days ago
[10:55] <+KN-ES> we can have anglo for entry and tzar for confirmation
[10:55] <+Widgetman> ran 15+
[10:55] <+KN-ES> :)
[10:55] <+Widgetman> just fired again at 1007am
[10:55] <+Widgetman> so I expect a PM creep upward
[10:55] <@NihabaAshi> I had 734.60 in my bullseye site but was too slow...
[10:55] <@NihabaAshi> Still slow today.
[10:55] <+Widgetman> but wtfdik
[10:56] <+Andy> 0,3 Long ER2 @ 1416.75 4,0 «« paper »»
[10:56] <@NihabaAshi> 0,2 Covered ER2 Short @ 734.60 --> - 0.6
[10:57] <rickf> gm all
[10:57] <@NihabaAshi> :(
[10:57] <+Andy> 0,2 Exited 1/2 ER2 Long @ 1417.75 --> + 1 4,0 «« paper »»
[10:57] <+lumenPharmer> ricky :)
[10:57] <+rickf> did some premarket trades but will be mostly lurking today - got to finish a chapter for my thesis :(
[10:57] <+rickf> lol
[10:57] <+jsbach> cover EMD short ---> -1
[10:58] <@NihabaAshi> 0,3 Long ER2 @ 734.90 -> small size
[10:58] <+szubaark> 0,2 Covered all Short ES at 1417.75 --> - 0.25 4,0 «« paper »»
[10:59] <+anglo> my thesis is titled: "How to make $5M with a few clicks of your mouse". Needless to say is that I have not begun writing it.
[10:59] <+jsbach> long ES @ 1417.75
[11:00] <+Flex> Anglo: this is not mine I read it somewhere else, but: 1) take a total newbie 2) switch buy/sell buttons on his console 3) make him trade.
[11:00] <+szubaark> 0,4 Shorts ES @ 1418 4,0 «« paper »»
[11:00] <+Andy> 0,2 Exited 1/4 ER2 Long @ 1418.75 --> + 2 4,0 «« paper »»
[11:01] <+KN-ES> cool
[11:01] <+rickf> flex - that prolly would work
[11:01] <+rickf> nice andy
[11:01] <+Andy> thanks rickf...are you really writing a thesis?
[11:01] <+rickf> alas yes
[11:01] <+Andy> wow
[11:02] <+szubaark> geez, im glad im done with school LOL
[11:02] <+anglo> flex: I have it better: interview 5 phds...hire the 2 with the biggest egos...give them 50% of a 1 lot account...you autotrade 100 lots opposite them...lol
[11:02] <+Flex> :)
[11:02] <+Andy> 0,2 Exited Remainder ER2 Long @ 1416.25 --> - 0.5 4,0 «« paper »»
[11:02] <@NihabaAshi> 0,2 Exited ER2 Long @ 734.20 --> - 0.7
[11:02] <@NihabaAshi> 0,4 Reverse and Enter Short ER2 @ 734.20
[11:03] <+startrader> can't you outsource thesis writing overseas? Sounds like a good business:)
[11:03] <+rickf> star - i've given it thought, trust me :)
[11:04] <+Andy> my guess rickf: Postmodern deconstruction of 8th Century Celtic Bardic Poetry; implications for trading the ES
[11:04] <+Andy> am I right?
[11:04] <+rickf> actually nothing to do with economics
[11:05] <+rickf> it security and public policy
[11:05] <+Andy> topical subject
[11:06] <+Flex> NihabaAshi: thanks for Pattern Signals email and advice about larger chart timeframe (3 or 5 mins. should be fine ?). I am reading books by Steve Nison about candlesticks, thanks to Italiansharp suggestion. That should allow enough knowledge to start TSR...
[11:07] <@NihabaAshi> 0,2 Covered ER2 Short @ 734.00 --> + 0.2
[11:08] <@NihabaAshi> Flex...no problem
[11:08] <+rickf> flex - fwiw saying i use 5m, had used 3m for a while but it was too noisy for me
[11:08] <@NihabaAshi> 0,4 Shorts ER2 @ 733.30 -> small size
[11:08] <+Flex> ok 5 min then
[11:08] <+Flex> thanks
[11:08] <+szubaark> Volatility spike
[11:08] <+rickf> tho at 214 on fed days i switch to 1m for a bit :)
[11:08] <+Splurge> time to tank
[11:09] <+anglo> long 14.50 12.50 stop
[11:09] <@NihabaAshi> volatility declining consistently now for the second time today...
[11:09] <+szubaark> 0,6 exit stop moved to breakeven ES @ 1418 4,0 «« paper »»
[11:09] <@NihabaAshi> Usually a sign for me to take a trading break here soon.
[11:10] <+tzar> anglo, should i short?
[11:10] <+anglo> lol probably!
[11:10] <+szubaark> also, every Volatility spike is retraced "Deeply"
[11:10] <+KN-ES> 0,2 Covered 1/4 ES Short @ 1414 --> + 7
[11:10] <+KN-ES> h1
[11:10] <+rickf> vn ks
[11:10] <+tzar> KN-ES what do you mean by h1?
[11:10] <+rickf> er kn
[11:10] <+KN-ES> h1 ------ holding 1
[11:11] <+KN-ES> thanks
[11:11] <+tzar> ooh
[11:11] <+szubaark> hopefully we get the ball rolling before lunchtime chop comes in
[11:11] <+tzar> anglo what is your target?
[11:11] <@NihabaAshi> 0,2 Covered ER2 Short @ 733.10 --> + 0.2
[11:11] <+anglo> 18
[11:12] <@NihabaAshi> 0,3 Long ER2 @ 733.20 -> small size
[11:16] <@NihabaAshi> 0,2 Exited ER2 Long @ 734.60 --> + 1.4
[11:16] <+dragon310> er2 is a mess on the chart
[11:16] <+szubaark> 0,2 Covered all Short ES at 1415.50 --> + 2.5 4,0 «« paper »»
[11:16] <+szubaark> this Price Action sucks
[11:16] * szubaark is now known as szubaark_away
[11:17] <+tzar> anglo you still holding?
[11:17] <+anglo> I'm going to toilet can't hold my bladder!. yes to the long
[11:18] <+dragon310> i betcha the big boys are arbing er against es
[11:18] <+dragon310> i mean spreading
[11:19] <@NihabaAshi> so far today manage to keep all my losing trades on 1 contract positions and nothing worst than a -0.8 tick loss
[11:19] <+dragon310> u rock niha
[11:20] <+Andy> that was a great trade, Niha
[11:20] <+rickf> is it just me or does the 5m es candles show a ton more 'long wicks' than usual?
[11:21] <+anglo> 5 min candles...too many people looking at them,...my 2 cents
[11:22] <+anglo> avoid "popular" stuff is my motto.
[11:23] <+anglo> stop to 14...I want to hold my 100% losing record
[11:23] <+Andy> anglo...you are not alone...
[11:25] <+Andy> 0,3 Long ER2 @ 1415 4,0 «« paper »»
[11:26] <+Andy> 0,2 Exited all ER2 Long @ 1415 --> 0 4,0 «« paper »»
[11:27] <+Andy> not convinced yet
[11:28] <+KN-ES> :)
[11:28] <+rickf> k taking an early lunch - back in a bit
[11:29] <+tzar> bon apitite rickf
[11:29] * codehead_afk is now known as codehead
[11:30] <+Andy> 0,3 Long ER2 @ 1415 4,0 «« paper »»
[11:32] <+anglo> record held! 100%
[11:33] <+Andy> 0,3 Long ER2 @ 1414.25 -> Add 4,0 «« paper »»
[11:35] <+KN-ES> going down with the ship!
[11:35] <+KN-ES> :)
[11:36] <+Andy> 0,2 Exited all ER2 Long @ 1413.25 --> - 2.75 4,0 «« paper »»
[11:36] <+Andy> blurb...blurb...blurb...
[11:36] <+KN-ES> a little early
[11:36] <+Andy> yah
[11:36] <+Flex> hat off....
[11:36] <+tzar> tried to short 15.50
[11:37] <+tzar> cancelled
[11:37] <+tzar> last sec
[11:38] <+Flex> KN the market goes exactly where you told, I am impressed :o
[11:38] <+KN-ES> just a lucky guess
[11:38] <+KN-ES> :)
[11:38] <+Flex> mmhhh... lol
[11:38] <+Flex> and yesterday too ? :)
[11:38] <+KN-ES> extreamly lucky
[11:38] <+KN-ES> :)
[11:39] <+tzar> pending to short 14.50
[11:39] <+tzar> for a litle scalp
[11:40] <+tzar> err pending 15.50
[11:42] <+anglo> I tried to learn from KN ES, but I'm too stoopid.
[11:42] <+anglo> besides I want that 100% record
[11:42] <+anglo> rofl
[11:44] <Guest> 0,4 Shorts ER2 @ 733.4 4,0 «« paper »»
[11:45] <+tzar> KN-ES almost got his target
[11:45] <+Flex> 12.75...
[11:45] <+tzar> 1 tick away
[11:45] <+Flex> 12.50
[11:45] <+Flex> got it
[11:46] <+Andy> bravo, KN
[11:46] <+tzar> KN-ES you out?
[11:46] <+KN-ES> :)
[11:46] <+KN-ES> 0,2 Covered Remainder ES Short @ 1413 --> + 8
[11:46] <+KN-ES> yes
[11:46] <+tzar> bravo!!
[11:46] * +tzar claps
[11:46] <+KN-ES> thanks
[11:46] <futurible> vn KN-ES
[11:47] <+KN-ES> we are looking for 6.50 if it breaks 9.25
[11:47] <+KN-ES> else back to 19.50 area
[11:47] <+Andy> 0,3 Long ER2 @ 1412.25 4,0 «« paper »»
[11:48] <+KN-ES> nice entry.....
[11:48] <+KN-ES> Andy
[11:48] <+KN-ES> 9.25 to watch
[11:48] <+startrader> 0,3 Long NQ @ 1994.50
[11:48] <+Andy> 0,2 Exited 1/3 ER2 Long @ 1413.25 --> + 1 4,0 «« paper »»
[11:49] <+Andy> thanks, KN
[11:50] <+KN-ES> nice
[11:50] <+KN-ES> 1 pt
[11:50] <+Guest> 0,2 Covered 1/2 ER2 Short @ 731.8 --> + 1.6 4,0 «« paper »»
[11:50] <+tzar> KN-ES do you hold any trades overnight?
[11:51] * Flex is now known as Flex_away
[11:52] <+KN-ES> usually dont hold any
[11:52] <+KN-ES> although I often take entry in globex session
[11:52] <+Guest> 0,2 Covered Remainder ER2 Short @ 731 --> + 2.4 4,0 «« paper »»
[11:52] <+Andy> vn Guest
[11:52] <+KN-ES> nice trade Guest
[11:53] <+Guest> thx
[11:55] <+Andy> 0,2 Exited 1/3 ER2 Long @ 1413 --> + 0.75 4,0 «« paper »»
[11:56] <+Andy> 0,2 Exited Remainder ER2 Long @ 1412.5 --> + 0.25 4,0 «« paper »»
[11:58] <+tzar> entering the dead zone
[11:58] <+tzar> lunch time
[12:07] <+KN-ES> heading north!
[12:14] <+KN-ES> Andy, should have hold onto that trade :)
[12:14] <+KN-ES> <Andy> Long ER2 @ 1412.25 «« paper »»
[12:14] <+KN-ES> <KN-ES> nice entry.....
[12:14] <+Splurge> lol
[12:14] <+KN-ES> :)
[12:14] <+Splurge> cant see him hitting b/e
[12:14] <+KN-ES> on others expense .........
[12:15] <+Splurge> is that what you call a bad fill lol
[12:16] <+KN-ES> well, for a scalping, its important to pick top or bottom, and Andy did pick the bottom
[12:16] <+Splurge> yes but 1412 ER2?
[12:17] <+KN-ES> we both have problems with the script
[12:17] <+Splurge> ah
[12:17] <+Splurge> well new in here so I have an excuse of being ignorant
[12:18] <+Andy> script changed :)
[12:18] <+KN-ES> it takes time to get familiar with the script
[12:18] <+KN-ES> :)
[12:18] <+Brutus> splurge
[12:18] <+KN-ES> i m still struggling with the script
[12:18] <+Brutus> http://www.elitetrader.com/vb/showthread.php?s=&postid=1508970&highlight=#post1508970
[12:18] <+Brutus> or simple timer program is xnotestopwatch google it
[12:19] <+Brutus> hotkeymaster is good it you want an alert b4 a 5min bar closes for example
[12:20] <+Splurge> thx checking it now
[12:21] <+Brutus> KN are you using MIRC?
[12:22] <+Brutus> you can edit the current variables in the scripts editor
[12:23] <+KN-ES> yes Brutus
[12:23] <+KN-ES> i m using mirc
[12:23] <+KN-ES> its not the script, its me :)
[12:24] <+KN-ES> i often loose the direction where to click
[12:24] <+KN-ES> its kind of hard to be in a trade and mirc at the same time, i guess
[12:24] <+tzar> KN-ES, 20.50 still good in your opinion?
[12:24] <+KN-ES> yes
[12:25] <+KN-ES> 15 should have been a very good entry point
[12:25] <+KN-ES> and Andy was the best :)
[12:25] <+Andy> :)
[12:25] <+Brutus> you can use hotkeymaster to help with shortcut keys
[12:27] <+KN-ES> Brutus, no idea how to use hotkeymaster
[12:28] <+KN-ES> :(
[12:28] <+tzar> Brutus, is that a mirc script ?
[12:30] <+Brutus> kn are you sure you developed an api for multiple broker order placement?
[12:30] <+Brutus> jk :)
[12:31] <+Brutus> no tzar, a great standalone program for XP
[12:31] <+KN-ES> :0
[12:31] <+KN-ES> :)
[12:31] <+tzar> hmm
[12:32] <+KN-ES> using vista
[12:32] <+KN-ES> should have the same keys
[12:32] <+KN-ES> will check it out
[12:32] <+KN-ES> problem is familiar with xp or vista but not familiar with the Chatt scripts
[12:33] <+KN-ES> this is the first time i m in a room or using mirc
[12:34] <+tzar> where you from KN-ES
[12:34] <+KN-ES> form Planet Earth
[12:35] <+KN-ES> from
[12:35] <+KN-ES> :)
[12:35] <+Brutus> some program I use
[12:35] <+Brutus> http://www.elitetrader.com/vb/showthread.php?s=&postid=1674498&highlight=#post1674498
[12:35] <@NihabaAshi> 0,3 Long ER2 @ 736.30 -> small size
[12:35] <@X> 1,4 #FuturesTrades Info -> 8,2 No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChatRoom.htm
[12:36] <+Brutus> and this one
[12:36] <+Brutus> http://www.amazon.com/Belkin-F8GFPC100-Nostromo-Speedpad-n52/dp/B0000DC643
[12:38] <@NihabaAshi> 0,2 Exited ER2 Long @ 737.50 --> + 1.2
[12:39] <+KN-ES> humm........too much work to post a trade
[12:42] <+BigDawg291> too much work lol
[12:42] <+rickf> back
[12:43] <+anglo> the rally was exactly 1 tick below 18, the large volume area top, right KN?
[12:45] <@NihabaAshi> 0,4 Shorts ER2 @ 735.70 -> small size
[12:45] <@NihabaAshi> Looking for a few ticks
[12:45] <+KN-ES> anglo, I still think we are done with the bottom today........
[12:46] <+KN-ES> well, in trading anything is ...
[12:46] <@NihabaAshi> 0,2 Covered ER2 Short @ 735.40 --> + 0.3
[12:46] <+anglo> was 18 one of your numbers KN?
[12:47] <+BigDawg291> nice nihaba
[12:47] <@NihabaAshi> Saw some support and didn't want to get greedy on that.
[12:48] <+KN-ES> 15 was a number and it worked fine
[12:48] <+KN-ES> :)
[12:49] <+anglo> well thanks for input anyway...back to study for me.
[12:50] * szubaark_away is now known as szubaark
[12:50] <+szubaark> Price at when i left LOL
[12:52] <+KN-ES> your had a time travel........:)
[12:53] <+szubaark> KN i see u got your 12
[12:53] <+KN-ES> yes, got lucky
[12:53] <+szubaark> nice job
[12:53] <+KN-ES> thanks
[12:54] <+Brutus> agree anglo, thx for your comments KN
[12:54] <+KN-ES> you welcome
[12:54] <+tzar> KN-ES, do you trade during lunch time ?
[12:55] <+KN-ES> yes
[12:56] <+KN-ES> i dont mind trading anytime, as long as market is volatile enough
[13:02] <+tzar> ES is dead
[13:02] <+tzar> moving 1 tick up, 1 tick down
[13:04] <+KN-ES> 0,3 Long ES @ 1414
[13:04] <+KN-ES> s.l 11.75
[13:07] <+szubaark> 0,4 Shorts ES @ 1415.75 4,0 «« paper »»
[13:10] <+KN-ES> 0,2 Exited 3/4 ES Long @ 1415.50 --> + 1.5
[13:10] <pdays> 0,3 Long YM @ 12833
[13:10] <+tzar> yes
[13:12] <+pdays> 0,2 Exited all YM Long @ 12839 --> + 6
[13:15] <+KN-ES> 0,2 Exited 1/4 ES Long @ 1416.50 --> + 2.5
[13:16] <+KN-ES> h7
[13:17] <+Guest> 0,4 Shorts ER2 @ 736.2 4,0 «« paper »»
[13:18] <Spartan> 0,4 Shorts ER2 @ 734.4 -> small size 4,0 «« paper »»
[13:20] <+Guest> getting ready to reverse
[13:22] <+tzar> KN-ES, do you always use a fixed s.l. and is it always 2.25 points?
[13:24] <+Spartan> 0,2 Covered all ER2 Short @ 734.4 --> 0 4,0 «« paper »»
[13:24] <+Spartan> oops, should have been +2
[13:25] <+Guest> 0,2 Covered all ER2 Short @ 735.1 --> + 1.1 4,0 «« paper »»
[13:42] <+KN-ES> 0,3 Long ES @ 1412
[13:42] <+KN-ES> s.l 9.25
[13:43] <+KN-ES> 0,2 Exited 3/4 ES Long @ 1413 --> + 1
[13:44] <+Andy> vn...and FAST...KN
[13:44] <szubaark> 0,2 Covered all Short ES at 1413.25 --> + 2.5 4,0 «« paper »»
[13:44] <+Andy> let me rephrase that...nimble...
[13:45] <@NihabaAshi> 0,3 Long ER2 @ 735.20 -> small size
[13:45] <+Guest> 0,3 Long ER2 @ 735.1 4,0 «« paper »»
[13:45] <+KN-ES> thanks
[13:45] <+szubaark> 0,3 Buys ES @ 1413.75 4,0 «« paper »»
[13:46] <+tzar> KN-ES whats a good long entry do you think
[13:46] <+KN-ES> 0,2 Exited 1/4 ES Long @ 1413.50 --> + 1.5
[13:46] <+KN-ES> h7
[13:47] <@NihabaAshi> 0,2 Exited ER2 Long @ 734.70 --> - 0.5
[13:48] <+KN-ES> 12-14 is a good area for a long entry
[13:48] <+KN-ES> and sl should be 9.25
[13:48] <+Spartan> 0,4 Shorts ER2 @ 734.7 -> small size 4,0 «« paper »»
[13:49] <+KN-ES> 0,2 Exited 1/4 ES Long @ 1414.50 --> + 2.5
[13:49] <+KN-ES> h6
[13:50] <@NihabaAshi> 0,3 Long ER2 @ 734.40 -> small size
[13:50] <@NihabaAshi> Pin Ball Machine price action in here at the weak support area
[13:51] <@NihabaAshi> correction
[13:51] <@NihabaAshi> 0,3 Long ER2 @ 735.40 -> small size
[13:52] <+rickf> looks to be a channel-surfing time on the es right now
[13:52] <+rickf> range-bound
[13:53] <+szubaark> 0,2 Exited all Long ES at 1413.50 --> - 0.25 4,0 «« paper »»
[13:54] <+Guest> 0,3 Long ER2 @ 734.5 -> Add 4,0 «« paper »»
[13:54] <@NihabaAshi> 0,2 Exited ER2 Long @ 734.70 --> - 0.7
[13:55] <@NihabaAshi> ER2 probing that support area
[13:56] <+szubaark> 0,4 Shorts ES @ 1412 4,0 «« paper »»
[13:56] <@NihabaAshi> 0,4 Shorts ER2 @ 733.70 -> small size
[13:56] <+Guest> 0,2 Exited ER2 Long @ 733.9 --> - 1.2 4,0 «« paper »»
[13:56] <+Guest> 0,4 Reverse and Enter Short ER2 @ 733.9 4,0 «« paper »»
[13:56] <@NihabaAshi> volatility spike
[13:56] <+KN-ES> 0,2 Exited ES Long @ 1411.50 --> - 0.5
[13:56] <+KN-ES> 0,4 Reverse and Enter Short ES @ 1411.50
[13:56] <+szubaark> hopefully we get followthru
[13:56] <+KN-ES> s.l 12.50
[13:56] <+szubaark> 0,6 exit stop moved to breakeven ES @ 1412 4,0 «« paper »»
[13:56] <+Spartan> 0,2 Covered all ER2 Short @ 733.2 --> + 1.5 4,0 «« paper »»
[13:58] <+szubaark> any small retrace of that spike will take me out due to my entry
[13:59] <+Andy> 0,3 Long ES @ 1410.75 4,0 «« paper »»
[13:59] <+dragon310> er i strong holding up very well when dow is down like this
[14:00] <@NihabaAshi> 0,2 Covered ER2 Short @ 733.30 --> + 0.4
[14:00] <+KN-ES> 0,2 Covered ES Short @ 1411 --> + 0.5
[14:00] <+KN-ES> 0,3 Reverse and Enter Long ES @ 1411
[14:00] <+szubaark> 0,2 Covered all Short ES at 1412 --> 0 4,0 «« paper »»
[14:00] <+szubaark> :(
[14:00] <+Andy> 0,2 Exited 3/4 ES Long @ 1411.75 --> + 1 4,0 «« paper »»
[14:01] <+KN-ES> s.l 9.25
[14:03] <+szubaark> 0,4 Shorts ES @ 1412 4,0 «« paper »»
[14:03] <+KN-ES> 0,2 Exited 3/4 ES Long @ 1412 --> + 1
[14:05] <+szubaark> 0,2 Covered all Short ES at 1412 --> 0 4,0 «« paper »»
[14:08] <@NihabaAshi> 0,4 Shorts ER2 @ 733.70 -> small size
[14:08] <+szubaark> 0,4 Shorts ES @ 1410.50 4,0 «« paper »»
[14:08] <+Andy> 0,2 Exited Remainder ES Long @ 1410.75 --> 0 4,0 «« paper »»
[14:09] <@NihabaAshi> sneaky little booger...put an order in at 733.70 to see if it would drop to it :)
[14:10] <+rickf> short es 1410.50 paper
[14:11] <+szubaark> 0,2 Covered all Short ES at 1411 --> - 0.5 4,0 «« paper »»
[14:11] <+szubaark> 0,3 Buys ES @ 1411 4,0 «« paper »»
[14:11] <werner> hi all
[14:11] <+rickf> hi werner
[14:11] <+szubaark> hi werner
[14:12] <+werner> yo rickf, szubaark
[14:12] <+Spartan> 0,3 Long ER2 @ 733.4 -> small size 4,0 «« paper »»
[14:12] <+Andy> yo werner
[14:13] <+werner> yo andy
[14:15] <+Guest> 0,2 Covered ER2 Short @ 733.2 --> + 0.7 4,0 «« paper »»
[14:15] <+Guest> 0,3 Reverse and Enter Long ER2 @ 733.2 4,0 «« paper »»
[14:15] <+Spartan> 0,2 Exited all ER2 Long @ 732.4 --> - 1 4,0 «« paper »»
[14:15] <@NihabaAshi> 0,2 Covered ER2 Short @ 732.40 --> + 1.3
[14:16] <+Andy> 0,3 Long ES @ 1410.25 4,0 «« paper »»
[14:17] <+Splurge> At this rate you guys are going to own some nice forests
[14:18] <+Andy> 0,2 Exited all ES Long @ 1409.75 --> - 0.5 4,0 «« paper »»
[14:18] <@NihabaAshi> Support area here for ER2
[14:18] <@NihabaAshi> Hopefully something gets signaled here (Long or Short)
[14:18] <@NihabaAshi> Wow
[14:18] <+werner> wow
[14:18] <@NihabaAshi> Geeesh
[14:19] <+szubaark> amazing, 4 days gains washed in 1 day LOL
[14:19] <+dragon310> nice dropped
[14:19] <+rickf> :(
[14:19] <+tzar> KN-ES you still around?
[14:19] <+szubaark> i mean market, not my account LOL
[14:20] <+Andy> 0,3 Long ES @ 1409.25 4,0 «« paper »»
[14:20] * Flex_away is now known as Flex
[14:21] <@NihabaAshi> ER2 probing another support area
[14:21] <+Andy> 0,2 Exited 1/2 ES Long @ 1410.25 --> + 1 4,0 «« paper »»
[14:22] <+rickf> exited es short 1409.50 +1 paper
[14:22] <+rickf> i'll take it
[14:22] <+szubaark> would be nice to get a Volatility spike either way with follow thru instead of this trickling down crap
[14:22] <+rickf> well the trend is down....it's just a bumpy ride there
[14:23] <+szubaark> Ive seen better down trends :)
[14:23] <+rickf> me too
[14:23] <+Andy> weakening, imho
[14:25] <+Andy> 0,2 Exited 1/4 ES Long @ 1410.75 --> + 1.5 4,0 «« paper »»
[14:27] <+rickf> short es 1410 paper sm sz
[14:30] <+Flex> KN do you "see" mkt @ 1406 today ?
[14:31] <+Flex> I think that can be real resist. from last weeks
[14:31] <+Flex> support
[14:31] <+Flex> lol
[14:33] <@NihabaAshi> 0,3 Long ER2 @ 730.50 -> small size
[14:33] <+KN-ES> Flex......the purpose of this numbering thing is to define support and resistance.......so that we can be careful
[14:33] <+rickf> exit es short 1411 -1 paper
[14:35] <+Flex> exactly, I am waiting for 1406 to try for a bounce, that was important number some days ago
[14:35] <+szubaark> Volatility spike
[14:35] <+KN-ES> well, look at the volume............it doesnt have much strength left
[14:36] <+KN-ES> very week area
[14:36] <+Flex> not sure it can reach it today
[14:36] <+tzar> KN-ES, 1409.25 entry, where would you place the exit - as usual 2 points/
[14:36] <+KN-ES> 9.25 entry s.l 6
[14:37] <+tzar> 3 points
[14:37] <+rickf> exit 1/2 es long 1412.50 +1.50 paper
[14:37] <+KN-ES> usually 2 points
[14:37] <+rickf> it was an exit/reversal earlier
[14:37] <+tzar> how come 3.25 this time?
[14:37] <@NihabaAshi> 0,2 Exited ER2 Long @ 731.40 --> + 0.9
[14:37] <+KN-ES> but since i had a good win, i can effort to take my stop 3.25
[14:38] <+rickf> exit remainder es long 1412.50 +1.50 paper
[14:38] <+KN-ES> nice trade rickf
[14:38] <+rickf> thx kn
[14:38] <+rickf> was a stupid short that got me into that :(
[14:38] <+tzar> i see KN-ES
[14:41] <+tzar> wb
[14:41] <+tzar> wb BigDawg291
[14:41] <@X> 1,4 #FuturesTrades Info -> 8,2 No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at www.thestrategylab.com/FuturesTradesChatRoom.htm
[14:42] <+tzar> Flex how come you not on msn anymore
[14:43] <+Flex> I am, I just sent a short msg there
[14:44] <+tzar> i see you as offline
[14:44] <+Flex> I came back home 20 min. ago
[14:44] <+Spartan> 0,4 Shorts ER2 @ 731.2 -> small size 4,0 «« paper »»
[14:46] <@NihabaAshi> volatility dead
[14:46] <@NihabaAshi> Be back later
[14:46] <+Flex> cya
[14:46] * NihabaAshi is now known as NihabaAshi_away
[14:46] <+tzar> dont be to long
[14:49] <+Spartan> 0,2 Covered all ER2 Short @ 731.2 --> 0 4,0 «« paper »»
[14:50] <+KN-ES> take care all.....see you all tomorrow........good trading
[14:50] <+rickf> cya
[14:50] <+Splurge> gn
[14:50] <+Flex> good evening
[14:50] <+werner> yo
[14:50] <+Brutus> cu kn
[14:51] <+tzar> bye KN-ES, thanks A LOT!
[14:51] <+tzar> mucho gracias
[14:51] <+tzar> merci
[14:51] <+KN-ES> :)
[14:51] <+KN-ES> building a computer ..... have atleast 12 hrs of work ahead
[14:51] <+tzar> 12 hours.. super computer
[14:51] <+KN-ES> bye
[14:51] <+KN-ES> hahaha
[14:52] <+Widgetman> careful it don't assimilate you
[14:52] <+KN-ES> :)
[14:52] <+Widgetman> I crashed today
[14:52] <+KN-ES> took almost 3 months to design
[14:52] <+Widgetman> so spent all day recoverin
[14:52] <+Widgetman> grrr
[14:52] <+KN-ES> so, should be interesting
[14:53] <+Widgetman> quad ?
[14:53] <+KN-ES> yes
[14:53] <+KN-ES> 1330 front bus
[14:53] <+KN-ES> 64 gb ram
[14:53] <+KN-ES> if i can get it fit
[14:53] <+tzar> whaaaaat
[14:53] <+tzar> 64gb ram
[14:53] <+KN-ES> yes
[14:53] <+Flex> then you don't use Vista as SO...
[14:53] <+tzar> what do you use it for
[14:54] <+KN-ES> vista 64 bits
[14:54] <+Flex> as OS... (SO is in italian lol)
[14:54] <+Flex> ah ok
[14:54] <+Flex> nice
[14:54] <+KN-ES> with 32 you can take at max 4
[14:54] <+Flex> exactly
[14:54] <+KN-ES> i m trying to use double quad.... if i can
[14:55] <+KN-ES> 775 socket didnt work last time i tried
[14:55] <+rickf> vista = evil
[14:55] <+rickf> *hugs his imac*
[14:55] <+KN-ES> well. with sp1...... you are safe
[14:55] <+tzar> KN-ES dont tell me this computer is for playing games
[14:56] <+KN-ES> i dont play games....... well. unless you consider trading as a game
[14:56] <+tzar> haha
[14:56] <+tzar> its the best game ever
[14:56] <+KN-ES> :)
[14:56] <+KN-ES> to me chess is the best
[14:56] <+KN-ES> one
[14:56] <+tzar> but why do you need such a monter computer for trading?
[14:57] <+tzar> do you run complex models of the market or something?
[14:57] <+KN-ES> just playing with........suffered 6 yrs at school.........trying to use that in something
[14:57] <+szubaark> 0,2 Exited all Long ES at 1410.75 --> - 0.25 4,0 «« paper »»
[14:57] <+szubaark> 0,4 Shorts ES @ 1410.75 4,0 «« paper »»
[14:58] <+tzar> can you check pm, i have 1 last question for the day ;)
[14:58] <+KN-ES> i dont use 1 min to enter a trade
[14:58] <+KN-ES> just to get out
[14:59] <+KN-ES> to have an idea where the price is from high or low
[14:59] <+KN-ES> i use volume to enter a trade
[14:59] <+KN-ES> and try to define s/r zone from Niha's strategies
[15:00] <+KN-ES> i use Niha's Swing Trading Report (STR) and WRB Analysis Tutorials Chapters to define s/r zone
[15:00] <+Flex> Niha report = the fee based service right ?
[15:01] <+KN-ES> its not srvice... i think its one time
[15:01] <+Flex> the course
[15:01] <+Flex> electronic book
[15:01] <+Flex> STR
[15:01] <+KN-ES> i got this like 2 yrs back...... but started using it shortly
[15:01] <+Flex> ok
[15:02] <+KN-ES> yes str report, sometime i get lost with all the names
[15:02] <+Flex> same
[15:02] <+Splurge> lol KN thought you had gone m8
[15:02] <+KN-ES> i m replying the qs
[15:03] <+KN-ES> same qs in few pms.........thought should reply those here
[15:03] <+KN-ES> before i leave
[15:03] <+Splurge> nice ...answers a lot of mine
[15:03] <+tzar> do you like to enter areas with big volume?
[15:03] <+szubaark> 0,2 Covered all Short ES at 1412.25 --> - 1.5 4,0 «« paper »»
[15:03] <+KN-ES> no
[15:03] <+szubaark> 0,3 Buys ES @ 1412.24 4,0 «« paper »»
[15:03] <+KN-ES> i like to enter when vol are fading away
[15:04] <+KN-ES> at s/r zone
[15:04] <+rickf> long es 1412.25 paper
[15:04] <+KN-ES> then u r sure that s/r wont be broken
[15:05] <+tzar> i see
[15:05] <+Splurge> KN my trading style uses volume and SR but my main issues are identifying when the vol means reversal or continued move in same dirction
[15:05] <+KN-ES> use bid/ask volume
[15:05] <+tzar> you watch time and sales very carefully when price is approaching S/R
[15:05] <+KN-ES> yes
[15:05] <+dragon310> long er 731.90
[15:06] <+tzar> for example, if a lot of selling was going on at around 1409.25
[15:06] <+tzar> you would wait for the selling to calm down, before going long
[15:06] <+tzar> right?
[15:06] <+KN-ES> well, you just look for 150+ or 200+ contracts
[15:06] <+KN-ES> you cannt watch and add althose small orders
[15:07] <+KN-ES> well, i think, entry and exit should be based on completely again COMPLETELY seperate ideas
[15:07] <+dragon310> cover er 732 --> +1
[15:07] <+KN-ES> nice dragon310
[15:07] <+dragon310> thanks
[15:08] <+tzar> trying to learn how to enter
[15:08] <+KN-ES> the extis should depend on the comfort you have with the positon you are in with a trade
[15:08] <+rickf> exit 1/2 es 1413.25 +1 paper
[15:09] <+KN-ES> sometime you let pice even retrace 5 points against your direction......... thats depends on different exit ideas
[15:09] <+KN-ES> i try to get some point where in worst case my trade will be b/e......... as soon as i can
[15:10] <+KN-ES> allows me lots of breathing space in trding
[15:10] <+tzar> i see
[15:10] <+KN-ES> the idea is not having a big huge profit rather minimizing the risk.........
[15:10] <+KN-ES> and minimizing risk often leads to a huge profit anyway
[15:11] <+tzar> win win
[15:11] <+Flex> wise words
[15:11] <+rickf> agree -- b/e is the ultimate 'failsafe' for me too
[15:11] <+KN-ES> ItalianSharp has a post in the froum..... very nice post
[15:12] <+KN-ES> let me check
[15:13] <+KN-ES> WRONG PERCEPTION OF TRADES GONE BAD......... http://thestrategylab.com/forum/index.php?topic=324.0
[15:13] <+Flex> thanks
[15:13] <+tzar> thanks a lot
[15:13] <+KN-ES> should be a very good aid to that thought
[15:14] <+KN-ES> and the best line is : DEFENSE WINS CHAMPIONSHIPS.
[15:15] <+KN-ES> really liked it..... good luck........got to go
[15:15] <+dragon310> short 732.1
[15:15] <+KN-ES> any qs about that....... ItalianSharp hs her and he is very helpful
[15:15] <+szubaark> 0,2 Exited all Long ES at 1412.25 --> + 0.01 4,0 «« paper »»
[15:15] <+szubaark> 0,4 Shorts ES @ 1412.25 4,0 «« paper »»
[15:15] <+rickf> exit remainder es 1412,50 +,25 oaoer
[15:16] <+Flex> cya
[15:16] <+tzar> DON'T GET CHEAP ON TECHNOLOGY - i think KN-ES really took this line to the heart
[15:16] <+tzar> ..64 gb ram
[15:16] <+KN-ES> well........here is another idea...........
[15:17] <+KN-ES> the stablishment cost should be minimum..........
[15:17] <+KN-ES> ther rest no matter how much you want to expend on..........should come from your work
[15:17] <+dragon310> covered 732.10 breakeven :(
[15:17] <+KN-ES> :)
[15:17] <+tzar> :)
[15:17] <+Splurge> KN can I just ask
[15:17] <+KN-ES> dont dig if you are already in a hole.......
[15:17] <+KN-ES> sure splurge
[15:17] <+KN-ES> go ahead
[15:18] <+Splurge> You said you look for large blocks of trades before a move about 150-200..are you referring to ES or ER2?
[15:19] <+KN-ES> es
[15:19] <+Splurge> ah ok
[15:19] <+KN-ES> es has more vol then any other instrument
[15:19] <+Splurge> yes I watch vol spikes on ER2 as they are easier to spot
[15:19] <+Splurge> ES gets lost in the woods unless you watch time sales
[15:20] <+Splurge> but my success rate is no where near yours
[15:20] <+KN-ES> well, if you watch them day after day...... the vol should tranlate into perfect meaning
[15:20] <+KN-ES> you will have to differ the long and short vol to be on the right side
[15:21] <+KN-ES> markets are kind of trendign right now....... so reading vol should be easier
[15:21] <+Splurge> true
[15:21] <+Splurge> thx for staying to answer questions much appreciated
[15:21] <+KN-ES> unlike february..........thats was wild
[15:21] <+KN-ES> np.... i like this room ... ppl are nice
[15:22] <+KN-ES> anything anytime
[15:22] <+Splurge> ok thx
[15:22] <+KN-ES> take care all
[15:22] <+KN-ES> and sorry to ItalianSharp (if you have to answer a lots of qs) :)
[15:22] <+tzar> haha
[15:23] <+KN-ES> thats was a very nice post.........its all his fault :)
[15:23] <+dragon310> short 732.60 small size
[15:26] <+dragon310> covered 732.80
[15:27] <+tzar> KN-ES, still here?
[15:27] <+KN-ES> yes
[15:28] <+tzar> just trying to understand what you said about entries
[15:28] <+tzar> for example, if a lot of selling was going on at around 1409.25, you would wait for the selling to calm down, before going long, am i correct?
[15:28] <+KN-ES> march 13 2008 at the end of nihas chatt log should have some details
[15:29] <+KN-ES> if you have any qs i will be here tomorrow
[15:29] <+tzar> thanks
[15:29] <+tzar> cya tomorrow
[15:29] <+KN-ES> bid vol and ask vol are important
[15:29] <+KN-ES> and again bid or ask vol should have 2 dif kind
[15:29] <+KN-ES> one take profit/stop loss
[15:30] <+KN-ES> other is fresh entery long or short
[15:30] <+KN-ES> you will have to spot if they are fresh long or short entries
[15:30] <+tzar> how do you distinguish one from another
[15:30] <+KN-ES> t/p or s/l wont help u much
[15:30] <+KN-ES> is just if you watch day afer day......... adn time and sale
[15:30] <+KN-ES> both should makes some sense
[15:31] <+KN-ES> and with s/r zone in sight you will know what to do
[15:31] <+KN-ES> one thing i follow every moring may help you .......
[15:32] <+KN-ES> watch the market for half an hr.......dont even think of entering a trade in that half an hr
[15:32] <+KN-ES> allows me lots of time to sense the market and its trends
[15:32] <+KN-ES> works for me...... you may try it to see if it works for you
[15:33] <+szubaark> first half hour usually has some of the best Volatility as S/R get tested
[15:33] <+KN-ES> yes
[15:33] <+KN-ES> then start half an hr b4 market opens
[15:33] <+KN-ES> :)
[15:34] <+KN-ES> thats what i try to do, but as usual i m always late
[15:34] <+tzar> sleepy
[15:34] <+szubaark> bi feel thats where the Pros play and leave the rest for us to tick each other to death
[15:34] <+KN-ES> well, my idea is
[15:34] <+KN-ES> first hr, all the over excited traders are in play
[15:35] <+KN-ES> new traders too
[15:35] <+KN-ES> places order here and there
[15:35] <+KN-ES> makes some zzzzz patterns
[15:35] <+szubaark> 0,2 Covered all Short ES at 1409.25 --> + 3 4,0 «« paper »»
[15:35] <+rickf> vn szu
[15:35] <+KN-ES> after a while, with all the losses ........ market trends to trend the direction it should go
[15:36] <+KN-ES> nice szu
[15:36] <+szubaark> thanks.. descent day today, kept losses tiny
[15:36] <+KN-ES> noice is the problem in first hr of trding
[15:36] <+KN-ES> noise
[15:37] <+szubaark> yes but its meaningful noise, as you get FOLLOW THRU on S/R levels (most days)
[15:37] <+KN-ES> yes
[15:37] <+KN-ES> some one has to loose to make the profit for you
[15:37] <+szubaark> as after first half hour or so, Price will just sit at S/R levels
[15:38] <+KN-ES> its not first half hr of market open............its just first half an hr
[15:38] <+KN-ES> no matter when i get to trading
[15:38] <+KN-ES> i allow half an hr to sense whats going on with the market
[15:39] <+KN-ES> well you may listen to metal :)... thats what i do
[15:40] <+KN-ES> take care all..........see u all tomorrow
[15:40] <+szubaark> bye
[15:40] <+Flex> cya
[15:40] <+tzar> thanks aa llllooooooottt
[15:48] * sep34 is now known as sep34_away
[15:56] * NihabaAshi_away is now known as NihabaAshi
[16:00] <+Brutus> 05/20/2008 16:00 *DJ Hewlett-Packard 2Q Rev $28.26B Vs $25.53B, +11% >HPQ
[16:01] <+Brutus> 05/20/2008 16:00 *DJ Hewlett-Packard 2Q Net $2.06B Vs Net $1.78B, +16% >HPQ
[16:05] <+Brutus> http://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={24a8aea7-b327-47c7-b964-e1c7708a4735}
[16:06] <@NihabaAshi> Take care all and see all tomorrow
[16:06] * NihabaAshi is now known as NihabaAshi_away
[16:12] <+werner> gn all
[16:12] <+rickf> gn all
Session Close: Tue May 20 16:32:05 2008
Trading Edge: Trading Strategies -> Strategies used by NihabaAshi, from entry to exit, exploit inefficiencies in the price action for profits of the following trading instruments via WRB Analysis and Intermarket Analysis: Emini Index Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Index Derivatives (DAX, ESTX50), Euronext Index Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Energy Futures (CL, NG, HO, QM), COMEX Metals Futures (GC), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI) Sponsor:
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