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WRB Analysis
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| Session Start: Fri Jun 06 09:24:50 2008Session Ident: #FuturesTrades |
* Now | talking in #FuturesTrades | 09:24 |
<@X> | [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm |
<tzar> | gm NihabaAshi |
<rickf> | so formal :) | 09:25 |
<+rickf> | morning niha, all |
<+tzar> | lol | 09:26 |
| i got a nick autocomplete |
<+rickf> | hehe nice |
<+tzar> | just type first letter of a nick and then press tab |
| if you have mIRC you have it too |
<PapaJon> | gm all |
<+rickf> | nope - running a mac | 09:29 |
<drt> | gm everyone |
<+tzar> | ouch rickf |
| one day youll get a pc |
| one day | 09:30 |
<+rickf> | grrrrr *hugs his mac* |
* sep34_away | is now known as sep34 |
<+rickf> | as an it security person i despise windows |
<lumenPharmer> | oil going to kill us ;( |
<anglo> | gm | 09:31 |
<Flex> | gm all | 09:39 |
<+tzar> | gm Flex |
| anglo |
<HK> | Covered all ER2 Short @ 756 --> + 10 «« paper »» | 09:41 |
<+rickf> | wtg |
<+tzar> | woah HK | 09:42 |
| awesome job |
<+HK> | holding from yesterday |
<+tzar> | huge guts |
<+rickf> | short es 1393 paper sm sz | 09:48 |
| exit 1/2 es 1391 +2 paper | 09:51 |
<szubaark> | nice entry rick |
<+rickf> | exit remainder es 1391.50 +1.5 paper | 09:52 |
| thx szu |
<dragon310> | Shorts NQ @ 2037 | 09:56 |
<@NihabaAshi> | Shorts ER2 @ 753.70 -> large size | 09:57 |
| I screwed that one up big time... | 09:58 |
<+szubaark> | News at 10 coming up |
<+tzar> | what news | 09:59 |
<+szubaark> | Expecting Volatility spike soon, either Up or Down |
<+dragon310> | what was the news at 10? | 10:01 |
<+szubaark> | Wholesale |
<+dragon310> | not good? | 10:02 |
<@NihabaAshi> | Covered 2/3 ER2 Short @ 752.30 --> + 1.4 |
| My lucky trade of the week :) |
<+szubaark> | what matters is how the marker "reacts" |
<+tzar> | nice NihabaAshi |
<@NihabaAshi> | I get at least 3 of them per week...haven't had one all week until now. |
<+tzar> | how many contracts? |
<+szubaark> | [09:58] <NihabaAshi> I screwed that one up big time... | 10:03 |
| can u explain.. |
<@NihabaAshi> | 6 only...didn't fell confident going with 9 |
* +subq | -=market profile charts for today=- http://www.charthub.com/chart/search/mpc hart | 10:04 |
<+rickf> | shorted es 1388.50 out 1386.50 +2 paper | 10:05 |
<@NihabaAshi> | szu...order was in for 753.70 when it should have been for 754.70 |
<+rickf> | (late post) |
<@NihabaAshi> | Simply, I lost an entire point per contract and almost dumped it for a small loss when it tried to shake me out. | 10:06 |
<+szubaark> | Buys ES @ 1384.50 «« paper »» |
<+rickf> | shorted e 1385 paper |
<@NihabaAshi> | Covered ER2 Short @ 749.00 --> + 4.7 | 10:07 |
| Holding 1 contract remainder |
<+rickf> | exit es 1393 +2 paper |
<@NihabaAshi> | My greed target is 747.40 and I didn't exit when it tested it :( | 10:11 |
| 2nd error of the day all in the same trade :( |
| Covered Remainder ER2 Short @ 749.50 --> + 4.2 | 10:13 |
<+dragon310> | Covered 1/2 NQ Short @ 2027 --> + 10 | 10:16 |
<+szubaark> | nice dragon | 10:17 |
<+rickf> | wtg |
<+dragon310> | my traget is around 2021 |
| if it gets there |
<+szubaark> | exit stop moved to breakeven ES @ 1384.50 «« paper »» | 10:20 |
| Exited all Long ES at 1386.50 --> + 2 «« paper »» | 10:22 |
<+rickf> | nice szu |
| base hit :) |
<+szubaark> | thanks |
<+dragon310> | Shorts ER2 @ 750.80 | 10:23 |
| Covered all ER2 Short @ 750.6 --> + 0.2 | 10:24 |
| Shorts ER2 @ 750.30 | 10:27 |
<+rickf> | short es 1385 paper |
<+szubaark> | Shorts ES @ 1384 «« paper »» | 10:28 |
<+dragon310> | Covered 1/2 ER2 Short @ 750.4 --> - 0.1 | 10:29 |
| opps |
| Covered 1/2 ER2 Short @ 749.4 --> + 0.9 |
<@NihabaAshi> | Shorts ER2 @ 749.60 -> small size |
<+rickf> | exit 1/2 es 1383 +2 paper | 10:30 |
| h4 |
<+szubaark> | nice trades rick |
<+rickf> | ty |
<@X> | #FuturesTrades Info ->
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/FuturesTradesChat Room.htm | 10:31 |
<+rickf> | exit remainder es 1383.50 + 1.50 paper |
<+dragon310> | Covered Remainder ER2 Short @ 749.8 --> + 0.5 | 10:32 |
<KN-ES> | gm | 10:33 |
<@NihabaAshi> | Covered ER2 Short @ 750.60 --> - 1 |
<+rickf> | zup kn |
<+HK> | Long ER2 @ 750.9 «« paper »» |
<+KN-ES> | hi rickf |
<+Flex> | morning |
<+KN-ES> | gm Flex | 10:34 |
<+dragon310> | Covered Remainder NQ Short @ 2028 --> - 1277.7 |
<+szubaark> | Pinball type Price Action |
<+KN-ES> | :) |
| its already done the move....... |
<+rickf> | kn - thought of you this morning, did 2 nice dax scalps pre-market :) |
<+KN-ES> | hahaha |
<+dragon310> | hmm how do you switch from contract to conctract with the script? |
<@NihabaAshi> | Long ER2 @ 751.00 -> small size |
<+KN-ES> | i took out i think 122 points in dax this morning | 10:35 |
<+rickf> | if i stayed in on my first one, i'd have had like 25-30 |
* +rickf | took like 5 and 8 or something like that and was happy :) |
<+KN-ES> | :) |
<+tzar> | daaamn KN-ES | 10:37 |
<+KN-ES> | http://thestrategylab.com/forum/index.ph p?topic=363.msg831#msg831 |
| i have posted the chart for anglo |
<+tzar> | KN-ES |
| how was the ES play |
<+KN-ES> | was trading dax, didnt bother to change. | 10:38 |
<+tzar> | 122 points.. how many contracts | 10:39 |
<+KN-ES> | 8 |
| its in the chart..all the entry and exit |
<+tzar> | oh damn |
<+KN-ES> | follow the link |
<@NihabaAshi> | Pin Ball Machine price action :( | 10:40 |
| volatility starting to decline too |
<+tzar> | nice KN-ES |
<@NihabaAshi> | Could get messy here soon |
<+szubaark> | yeah, starting to feel like Friday |
<+HK> | Exited ER2 Long @ 751 --> + 0.1 «« paper »» | 10:41 |
| Reverse and Enter Short ER2 @ 751 «« paper »» |
<+szubaark> | exit stop moved to breakeven ES @ 1384 «« paper »» |
<+tzar> | KN-ES did you make 50K on that trade? |
<+KN-ES> | you have the chart now, just calculated if you are that interested :) | 10:42 |
<+tzar> | i did calculate |
| just cannot comprehend |
<+anglo> | I made 1 rouble. |
<@NihabaAshi> | Exited ER2 Long @ 750.50 --> - 0.5 | 10:43 |
| Shorts ER2 @ 750.30 -> medium size |
<+rickf> | funny -- my 2 dax trades were right in between yours, int he 6820-10 range |
<+KN-ES> | looks like it will be dead day for trading | 10:44 |
| :) |
<+szubaark> | yup, big Overnight drop and now at opening, Volatility should start to Decline shortly |
<+KN-ES> | well rickf, i tried to get out once then figured it out that that was a pull back, so got back in again | 10:45 |
<+rickf> | right.
i was tempted to let 1 contract ride, but chickened out. still green,
but left that nice drop on the table. ah well, live-n-learn | 10:46 |
<+tzar> | KN-ES, so this is a day to remember eh ? |
<@NihabaAshi> | Covered ER2 Short @ 750.80 --> - 0.5 |
<+KN-ES> | thats every first friday of every month.......... |
| i try |
<+HK> | Covered all ER2 Short @ 750.6 --> + 0.4 «« paper »» | 10:47 |
<+tzar> | lol |
<@NihabaAshi> | Long ER2 @ 751.40 -> large size |
<+tzar> | are you done for the day? | 10:48 |
| are you done for the day? |
<+szubaark> | Hopefully im not getting too greedy waiting for a WRB in this chop |
<KN_ES> | most likely, if i see something only then....... | 10:49 |
<+rickf> | i'm prolly done -- though spending part of today looking for "stock on sale" for my equity/option portfolio perhaps |
<@NihabaAshi> | Exited ER2 Long @ 751.80 --> + 0.4 |
| :( |
<+KN-ES> | having trouble with mirc again |
| :( |
<+szubaark> | Covered all Short ES at 1384 --> 0 «« paper »» | 10:50 |
<+tzar> | i can se tht |
| how much were you looking to make? |
| on that dax |
| and was ther enews or something? |
<+rickf> | it moved on the 830 job numbers | 10:51 |
<+KN-ES> | it was payroll report |
<+rickf> | ah yeah sorry |
<+KN-ES> | first friday of the month | 10:52 |
<+tzar> | but it wasnt that great |
<+KN-ES> | its was so bad................... |
<+tzar> | oh |
| i get it |
<@NihabaAshi> | Long ER2 @ 752.00 -> small size |
<+KN-ES> | worst since 1986 |
<+tzar> | therefore the fall |
| really |
<+rickf> | plus a lot of folks who were short covered yesterday and maybe were long into the report thinking it would be okay |
| so if long, thy were on the wrong side this morning | 10:53 |
<+rep1acs> | i got 40 ticks from dax from the report, but gave them all away |
<+KN-ES> | there was another report on oil reserve |
<+rep1acs> | :( |
<+rickf> | ok - back later, heading to the gym |
<+tzar> | KN-ES so is this your biggest day yet so far? | 10:54 |
<+szubaark> | Shorts ES @ 1383.25 «« paper »» | 10:55 |
<+HK> | Shorts ER2 @ 751.3 «« paper »» | 10:57 |
<@NihabaAshi> | low volatility and pin ball machine price action... | 10:58 |
| Not a good mix :( |
| Exited ER2 Long @ 751.30 --> - 0.7 | 10:59 |
<+dragon310> | Shorts ER2 @ 750.8 | 11:00 |
<@NihabaAshi> | Shorts ER2 @ 750.80 -> medium size |
<+szubaark> | Oil testing Intraday Highs | 11:01 |
<werner> | hi all | 11:02 |
<+szubaark> | hi werner |
<@NihabaAshi> | I would be very nice if the market feels sorry for me ang gives me +1 point minimum on these contracts | 11:03 |
<+werner> | hi szu |
<@NihabaAshi> | :) |
| Always a struggle in low volatility pin ball price action. | 11:04 |
<+szubaark> | exit stop moved to breakeven ES @ 1383.25 «« paper »» |
<@NihabaAshi> | Covered 3/4 ER2 Short @ 749.60 --> + 1.2 | 11:06 |
<+szubaark> | Covered all Short ES at 1380 --> + 3.25 «« paper »» | 11:07 |
| Finally got my WRB Profit Target |
<+HK> | Covered all ER2 Short @ 748.9 --> + 2.4 «« paper »» |
<@NihabaAshi> | Covered Remainder ER2 Short @ 748.70 --> + 2.1 | 11:08 |
<+dragon310> | Covered all ER2 Short @ 748.8 --> + 2 | 11:09 |
<+HK> | Long ER2 @ 749.1 «« paper »» | 11:10 |
<+KN-ES> | nice trades | 11:11 |
<+HK> | Exited ER2 Long @ 749 --> - 0.1 «« paper »» | 11:12 |
| Reverse and Enter Short ER2 @ 749 «« paper »» |
<@NihabaAshi> | Yeah...only 3 winners today out of 7 trades but up +16 ER2 points. |
<+KN-ES> | cool |
<@NihabaAshi> | Winners had the size while losers were on smaller size along with the losses kepted to the minimum | 11:13 |
<+szubaark> | Also, did you go heavier on the reversals after a Loser? |
<@NihabaAshi> | Position Size Management saving my butt today | 11:14 |
<+HK> | Covered ER2 Short @ 747.8 --> + 1.2 «« paper »» | 11:15 |
| Reverse and Enter Long ER2 @ 747.8 «« paper »» |
<@NihabaAshi> | Back to back dark hammer lines in NQ 3min chart | 11:16 |
| weak support trying to form |
<+HK> | Exited ER2 Long @ 746.4 --> - 1.4 «« paper »» | 11:17 |
| Reverse and Enter Short ER2 @ 746.4 «« paper »» |
<@NihabaAshi> | Long ER2 @ 746.70 -> small size | 11:18 |
| Exited ER2 Long @ 748.00 --> + 1.3 | 11:24 |
<+dragon310> | Shorts NQ @ 2020 | 11:25 |
<+HK> | Shorts ER2 @ 747.8 -> Add «« paper »» Session Close: Fri Jun 06 11:26:23 2008 |
| Session Start: Fri Jun 06 11:26:23 2008Session Ident: #FuturesTrades |
* Disconnected | | 11:26 |
* Attempting | to rejoin channel #FuturesTrades | 11:27 |
* Rejoined | channel #FuturesTrades | 11:28 |
<@X> | [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrad es.htm |
<@NihabaAshi_away> | sorry...got disconnected |
* NihabaAshi | was kicked by NihabaAshi_away (NihabaAshi) |
<+dragon310> | wow this going to be crazy if ym breaks 12300 | 11:29 |
<+szubaark> | whats the Limit Down on ES? |
<+dragon310> | i think 5%, 10%, 15%, 20% | 11:30 |
| Covered all NQ Short @ 2016.25 --> + 3.75 | 11:32 |
<+szubaark> | nice dragon |
| Buys ES @ 1378 «« paper »» |
<+dragon310> | thk | 11:33 |
<+szubaark> | exit stop moved to breakeven ES @ 1378 «« paper »» | 11:37 |
* NihabaAshi_away | is now known as NihabaAshi | 11:40 |
<+szubaark> | Expecting Volatility spike soon, hopefully to upside, Im Lonfg | 11:46 |
| Exited all Long ES at 1381 --> + 3 «« paper »» |
* szubaark | is now known as szubaark_Away | 11:47 |
<+rickf> | bak |
<+dragon310> | Shorts YM @ 12361 | 11:48 |
<+HK> | Shorts ER2 @ 750.4 -> Add «« paper »» |
<@NihabaAshi> | Long ER2 @ 749.70 -> small size | 12:01 |
| 1 only...intuition |
<KN-ES> | Long ES @ 1379.50 | 12:02 |
<+KN-ES> | sl 1 |
| Exited ES Long @ 1379 --> - 0.5 | 12:05 |
| Reverse and Enter Short ES @ 1379 |
| s.l 1 |
* codehead_afk | is now known as codehead |
<@NihabaAshi> | Exited ER2 Long @ 749.00 --> - 0.7 | 12:06 |
<+KN-ES> | Covered 3/4 ES Short @ 1378 --> + 1 | 12:07 |
<@NihabaAshi> | Long ER2 @ 749.60 -> small size | 12:11 |
| 2 only | 12:12 |
<+KN-ES> | Covered ES Short @ 1379 --> 0 |
| Reverse and Enter Long ES @ 1379 |
| s.l 1 |
| Exited ES Long @ 1379 --> 0 |
| Reverse and Enter Short ES @ 1379 |
| s.l 1 | 12:13 |
<@NihabaAshi> | I think I'm having ISP problems...data stopping and than spiking... |
| Will ping monitor my ISP for awhile and if I don't like what I see... | 12:14 |
| I'm done for the trading day. |
<+KN-ES> | Covered ES Short @ 1379.50 --> - 0.5 | 12:16 |
| Reverse and Enter Long ES @ 1379.50 |
<+dragon310> | Covered all YM Short @ 12345 --> + 16 |
<@NihabaAshi> | Exited ER2 Long @ 750.40 --> + 0.8 | 12:18 |
| Shorts ER2 @ 750.00 -> small size | 12:19 |
| 1 only |
| :( |
<+dragon310> | Shorts NQ @ 2022 | 12:20 |
<@NihabaAshi> | Had an entry at 750.30 as a position reversal then my data stopped for about 2 seconds |
<+dragon310> | Shorts ER2 @ 750.50 |
<+rickf> | short es 1378 paper sm sz | 12:21 |
<+dragon310> | stops are in going for a break im tired of er running around on the screen |
<@NihabaAshi> | order change | 12:22 |
| want 749.00 |
| :) | 12:23 |
| Covered ER2 Short @ 749.00 --> + 1 |
| Reached my profit goal for the trading day and I have some data problems now | 12:24 |
<T-stop> | nice work |
<@NihabaAshi> | Also have a positive win:loss ratio for the day although win:loss ratios are NOT important to me. | 12:25 |
| I'm more concerned with my position size management |
<+T-stop> | So sm size for low volitilaty, lg size for high vol? | 12:26 |
| or do you mean partials |
<@NihabaAshi> | Position Size Management is more than just volatility analysis... | 12:27 |
<+T-stop> | k | 12:28 |
<@NihabaAshi> | It's every thing under the kitchen sink :) |
<+codehead> | long YM 12320 |
| <paper> |
<@NihabaAshi> | For example...if I was coughing like crazy today like I was late afternoon yesterday... |
<+codehead> | stop 12299 <paper> |
<@NihabaAshi> | I wouldn't be doing any large size positions today. |
| Simply, distractions also have impact on my position size. | 12:29 |
| Spouse and kids not here today... |
<+T-stop> | k |
| I know all about distractions |
<+rickf> | exit es 1377 +1 paper | 12:30 |
| (late post) |
<@NihabaAshi> | Was able to do a few large size positions today and be a little more aggressive because I had more focus on the task of trading. |
<+codehead> | exit half YM +11 <paper> | 12:32 |
| raise stop b/e on remainder |
| 12359 target |
| (first target) |
<@X> | #FuturesTrades Info ->
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/FuturesTradesChat Room.htm | 12:37 |
<+codehead> | raise stop 23 |
| 12339 <paper> |
| exit YM +29 <paper> | 12:39 |
| mainly cuz i gotta work, still in bounce |
| got within 3 of target | 12:40 |
<+rickf> | not bad - not being greedy |
<+codehead> | did take one real trade for a few before that, but gotta get some work done and didn't want to get trapped in a trade--have fun | 12:41 |
<+rickf> | long es 81.25 paper sm sz | 12:46 |
<+codehead> | YM has geometry targets at 12359 and 12360, should pop it thru... | 12:49 |
| but it's battle that previous high | 12:50 |
<+HK> | Shorts ER2 @ 751.3 -> Add «« paper »» | 12:51 |
<+rickf> | exit es 1380.75 paper -.50 | 12:52 |
| gotta reboot |
| er restart platform |
<+codehead> | Ym keeps stalling around 12332 both directions | 12:54 |
<+rickf> | back on | 12:55 |
<+codehead> | crude 135 | 13:02 |
<+rickf> | short es 1377.50 paper sm sz | 13:03 |
| exit es 1376.25 +1.25 paper | 13:05 |
| looking for lower still | 13:06 |
<+dragon310> | back | 13:09 |
<+rickf> | short es 1376 paper sm sz |
<+codehead> | crude 135.850 |
<+rickf> | exit es 1375 +1 paper |
<+codehead> | 135.975--screaming | 13:10 |
| 136+--wow |
<+dragon310> | Covered all ER2 Short @ 746.6 --> + 3.9 | 13:11 |
| gotta go |
| done for today good luckys guys | 13:12 |
<+codehead> | looking like dow tired of going down despite oil |
<+rickf> | biggest 2-day spike in 6 years |
<+codehead> | 136.625, backing off now |
<+rickf> | http://www.bloomberg.com/apps/news?pid=2 0601087&sid=aO8uvEvuKL0k&refer=home |
<+dragon310> | Covered all NQ Short @ 2014.50 --> - 1264 |
| lol |
| + 6 | 13:13 |
<+HK> | Covered all ER2 Short @ 747.5 --> + 2.7 «« paper »» | 13:14 |
<+rickf> | vn |
<+codehead> | oil futs halted? | 13:15 |
<+rickf> | guess all the oil shorts squared their pos before the weekend lol |
| qm halted on my end |
<+codehead> | got close to limit |
| but was a point away yet i think |
| moving again |
<+rickf> | moving again |
<+rep1acs> | is oil always volatile like that? | 13:16 |
| or just today? |
<+rickf> | these days, hell YEAS |
| YES |
<+rep1acs> | i'm watching the DOM..omg | 13:17 |
<+rickf> | even dennis gartman wont touch it these days, and he's traded crude futs for decades |
| qm moves fast at times, but these days it's the speed and RANGE of the moves that's bizzare and more than a bit scary |
<+codehead> | yesterday was biggest $ move in oil all time, i think--today bigger | 13:18 |
<+rep1acs> | i've never seen anything more scary than that |
| 137 | 13:19 |
<+codehead> | woof |
| oil limit up | 13:20 |
* szubaark_Away | is now known as szubaark | 13:24 |
<+rickf> | just traded some qm minis virtually -- wow....just.......yow. | 13:27 |
| happy to make $300 on 2 contracts |
| makes the dax look comatose by comparison :) |
<+szubaark> | yeah, there is a lot of stuff to trade outhere, thing is most of it was created to seperate u from your money LOL | 13:29 |
<+rickf> | lol | 13:30 |
<+szubaark> | Buys ES @ 1377.25 «« paper »» | 13:33 |
<+rickf> | long es 1378.25 paper sm sz | 13:36 |
| exit 78.25 b/e paper | 13:39 |
| this is great volatility, but kinda scary to trade |
<+szubaark> | yup, this week has been great. Last Month was Crap | 13:41 |
| exit stop moved to breakeven ES @ 1377.25 «« paper »» | 13:43 |
| Exited all Long ES at 1377.25 --> 0 «« paper »» | 13:51 |
<+rickf> | short es 76.25 paper | 13:54 |
<+szubaark> | Buys ES @ 1376.50 «« paper »» |
<+rickf> | exit es 75.25 paper +1 | 13:55 |
<+szubaark> | exit stop moved to breakeven ES @ 1376.50 «« paper »» | 13:56 |
| Exited all Long ES at 1376.50 --> 0 «« paper »» | 13:57 |
<+rickf> | long es 76.75 paper |
| 76.25 paper |
| exit 76.50 +.25 paper | 13:58 |
<+szubaark> | Buys ES @ 1374 «« paper »» | 14:09 |
<+rickf> | exit 1/2 es 1369 + 4 | 14:17 |
<+szubaark> | nice rick |
<+rickf> | exit remainder 1370 + 3 paper |
| all paper |
| ty |
<+szubaark> | Brick Wall all Support here |
<+rickf> | long es 1371 paper | 14:18 |
| out 1372 paper +1 | 14:22 |
| jeezus qmn8 up $10.50 | 14:24 |
<+codehead> | 108.4 | 14:25 |
| 138.4 |
| sheesh |
| 138.50 hod |
| .6 |
| coming into floor close |
| 108.625 |
<+rickf> | short es 1370.50 paper |
<+codehead> | 138.625 i meant | 14:26 |
* NihabaAshi | is now known as NihabaAshi_away |
<+rickf> | exit es 1369.50 paper +1 | 14:27 |
| crude closes at 230, right? |
<+codehead> | 139 QM hit | 14:28 |
<+rickf> | bet we get a pop once crude closes | 14:29 |
<+szubaark> | yeah, no bounces yet of any kind | 14:30 |
| could be a Viscious, Fast Bounce |
<+rickf> | think that was it :( | 14:34 |
<@X> | #FuturesTrades Info ->
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/FuturesTradesChat Room.htm | 14:40 |
<+rickf> | qmn8 hit 11.025 :( | 14:49 |
| er up 11.025 |
| 138.750 |
<Brutus_> | 06/06/2008 14:49 *DJ OIL FUTURES: Nymex Crude Settles $10.75, Or 8.4%, Higher At $138.54 | 14:52 |
<+rickf> | jeebus | 14:53 |
| short es 72.25 paper | 15:18 |
| exit es 71.25 paper |
<+tzar> | hi | 15:26 |
<+rickf> | :) | 15:27 |
<+tzar> | sup rickf |
<+rickf> | been scalping the sh--t this afternoon |
<+tzar> | good |
<+rickf> | overtrading like crazy -- it's "practice" so to speak to time entries/exisits/technique | 15:28 |
<+tzar> | paper? |
<+rickf> | i'm a better trend-trader than scalper |
| yep |
<+tzar> | green? |
<+rickf> | yep |
<+tzar> | i did 1 trade today |
| missed like 2 |
| all green | 15:29 |
<+rickf> | since noon I've been "experimenting" |
<+tzar> | thats cool |
<+rickf> | hope to go live again in a week or so. |
<+szubaark> | rick you should be ready. entries are good, your exits could milk more | 15:31 |
<+rickf> | thx szu - i "feel" it's getting close to that time |
| my flexible exits (ie beyond my initial target point) need work, for sure | 15:32 |
| sheesh we could see -400 today | 15:34 |
<+codehead> | 12232 is .618 retracement of daily chart, March low to subsequent high |
<+szubaark> | amazing, non stop selling |
<+rickf> | yeah -- today, in my view, is one for the nostalgia file | 15:35 |
<+codehead> | long 12233 Ym <paper> | 15:36 |
| for fun |
| exit half 12255 <paper> |
| stop at 12249 remainder <paper> |
| raise stop 12267 <paper> | 15:37 |
<+tzar> | there comes the buyin |
<+rickf> | long es 1368.75 sm sz paper |
<+codehead> | out remainder +34 <paper> | 15:38 |
<+szubaark> | should be some Short covering for the weekend |
<+codehead> | might get back to 90... |
| oil taking a dip | 15:39 |
| long 1 c 12260 YM <paper> |
<+rickf> | exit es 68 -.5 paper |
| forget it |
<+codehead> | QM dive |
<+dragon310> | they might just sell er into the close | 15:40 |
<+rickf> | exit es short 65 +3 paper |
| that was reversal | 15:41 |
<+dragon310> | said i quit but had to come back to how the market was taking the beating |
| hehe |
<+rickf> | i do that too |
<+szubaark> | u got balls reversing Short this late in the day and we "Oversold" |
<+rickf> | 'instinct' |
| :) |
<+dragon310> | i think the big traders were hedgeing their bet using er long and ym short | 15:42 |
| but near the end of the day and they have to get out of their position it will usually catch up | 15:43 |
<+rickf> | why? the ym is part of the sp |
| i could see qm and es pairs |
<+dragon310> | its the one with the bigest decline right now.. just my cuess |
| guess |
<+rickf> | i mean....the dow 30 are all in the sp |
<+dragon310> | wonder if er is going to break for the low | 15:44 |
<+codehead> | exit -15 that 1c |
| done watching |
<+dragon310> | big traders going to unload right rnow on er |
<+rickf> | es setting up for a dump |
| or not | 15:45 |
<+dragon310> | i see er setting up for a dump | 15:46 |
| love those 15mins reversal spike bars on trend day | 15:47 |
| longs get caught |
| gotta get out |
<+rickf> | short es 63.75 paper | 15:51 |
| exit es 62.50 +1.25 paper | 15:53 |
| -400 dow | 15:56 |
| sorry ymm8 | 15:57 |
<+dragon310> | if er breaks 739-38 level we going to see 733-31 level |
<+rickf> | ding ding ding | 16:00 |
| phew |
<+Flex> | ding ding -400 dow |
<+dragon310> | amazing |
| oil market is all rigged |
<+rickf> | wonder if cnbc is gonna do a 'special report' tonight :) | 16:01 |
<+Brutus_> |
http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={3b5da c65-4008-4ad6-8051-3e277ef0d96e} |
<+dragon310> | GS and Morgan rigged it |
| man i shouldn't have focus so much on er today |
| shoulda been more on focus on ym |
<+rickf> | ok guys - good trading, have a good weekend and see you next week | 16:05 |
<+dragon310> | good weekend bye | 16:07 |
<@X> | #FuturesTrades Info ->
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/FuturesTradesChat Room.htm | 16:46 |
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