Session Start: Tue Jul 19 09:35:04 2005Session Ident: #FuturesTrades
* Now talking in #FuturesTrades09:35
<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab
<FFT> Looks like one more wave up.

Somebody put some gunpowder in the bull's coffee this morning,
<PapaJon> no kiddin fft09:36
<danshirley> nothing at 10 on my calendar
<patr82> it was quick acting coffee without much staying power09:37
<danshirley> housing starts disappointed at 8:30
<FFT>  Long ES @ 1230.25 09:39
<jperl>  Long ES @ 30.50 09:40

 Exited ES Long @ 29.50 --> - 1 09:44
<FFT>  Exited ES Long @ 1229.5 --> - 0.75
Reverse and Enter Short ES @ 1229.5
<TLTrader>  Covered all YM Short @ 10651 --> + 12 09:45
<pat255> gm all
<TLTrader> i don't mind telling ya that I have nearly chewed my finger nails off this morning09:46
<FFT>  Covered all ES Short @ 1228.5 --> + 1
<patr82> im going flat on the es at 848am
<FFT> Man, thi s thing is in serious Trend Mode (TM)09:47
<szubaark> TLT trading is suppossed to be Fun, not stressful :)
<FFT> WHat's happening at 10 today, PJ?
Errr Pat.
<patr82>  Covered all ES Short @ 1228.50 --> + 1.5 09:48

just a system trade to go flat at 848am central09:49
<FFT>  Shorts ES @ 1228 09:50
<NihabaAshi>  Shorts ER2 @ 663.40 -> small size
<jperl>  Long ES @ 28.50 09:52
<NihabaAshi>  Covered ER2 Short @ 664.00 --> - 0.6 09:53

 Reverse and Enter Long ER2 @ 664.00

Exited 2/3 ER2 Long @ 665.10 --> + 1.1 09:56

 exit stop raised ER2 @ 664.10 09:57

Odds aren't very good I'll be able to stay in this trade for the remainder of the day :(09:58
<jperl>  Exited ES Long @ 29.25 --> + 0.75
<NihabaAshi> :(10:01

 Trailing Stop Hit ER2 @ 664.10 --> + 0.1
<FFT>  Covered all ES Short @ 1227.75 --> + 0.25 10:02
<patr82>  Shorts ES @ 1229.50
<szubaark> Volatility Dies already?10:05
<X>  #FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.
<NihabaAshi> That's what it looks like so far :(
<FFT> Everybodies plumb wore out from that run up :(
<danshirley>  Shorts YM @ 10651 «« paper »» 10:06
<TLTrader> [09:45] <TLTrader> Covered all YM Short @ 10651 --> + 12 Just realized the script was wrong it should be +6
<FFT>  Shorts ES @ 1228.75 «« paper »» 10:07
<TLTrader>  Long YM @ 10658 10:12
<coolweb> No position , Too tight of a range 2-3 points, no reward at the moment, seems like slight pressure on the upside with confusion10:13
<patr82> im thinking that if the es dosn't break 32.5 soon, we will have a sell day. if it does break that, im going bullish10:14
<TLTrader>  Exited 1/2 YM Long @ 10667 --> + 9 10:15
<danshirley>  Shorts YM @ 10661 -> Add «« paper »» 10:18
<coolweb> Waiting for drawback, will enter above $COMPQ 2157 LONG , NQ : 158010:19
<mispe>  Shorts ER2 @ 10661 10:20
<NihabaAshi>  Shorts ER2 @ 666.50 -> small size 10:21
<mispe> sorry was YM10:22
<szubaark>  Shorts YM @ 10660
RED ALERT
<les>  Buys ER2 @ 667.3 «« paper »» 10:24
<szubaark>  Covered all YM Short @ 10672 --> - 12 10:25
:((
<mispe>  Covered all ER2 Short @ 10669 --> - 8
<NihabaAshi>  Covered all ER2 Short @ 667.50 --> - 1
No reversal signal to tell me to reverse my position :(10:26
<les>  Exited 1/3 Long ER2 at 667.8 --> + 0.5 «« paper »»
<szubaark>  Long YM @ 10680
<patr82>  Covered all ES Short @ 1232.50 --> - 3 10:27
<szubaark> Puuussshhhhh
<les>  exit stop moved to breakeven ER2 @ 667.3 «« paper »»
<patr82>  Long ES @ 1232.50
* azzfq is now known as coolweb210:31
* coolweb2 notes down low risk trades: 1586.50 10:00 EST NQ10:32
<les>  Exited 1/3 Long ER2 at 667.5 --> + 0.2 «« paper »»
<NihabaAshi> coolweb2...is that a trade ?
<les>  stop hit ER2 @ 667.3 --> 0 «« paper »»
<NihabaAshi> If so...why aren't you using the trade posting script ???10:33
<coolweb2> Thats not a trade, more like a reflection
<NihabaAshi> Ok...there's two of you in the room now...will boot one before the Othernet finds out and bans your IP in thinking its a "zombie PC" or "clone"...10:34
Nevermind...its gone :)
<mispe> what's a "zombie PC" ?10:37
<danshirley>  Shorts YM @ 10669 -> Add «« paper »»
<les> mispe10:38
<mispe> yes
<les> it:"the ghost in the machine" :)
<coolweb2> one that has walked to the dark side
haha
<PapaJon> funny boys
<NihabaAshi> mispe...I really don't know but its something the Othernet people mentioned to me about some recent BANS they been doing.
Apparently it has something to do with Hackers or those preparing to flood the Othernet.10:39
However, they are willing to ban a few innocent ones just to catch the real bad guys :(
<mispe> There is no justice !10:40
<NihabaAshi> :)
<pat255> It always happens that way...some innocent get the shaft too...
<coolweb2> I'm just a little boy and the man gave me some candy :<10:41
<NihabaAshi> That volatility dried up fast after the last pop to the upside :(
<coolweb2> market needs some rest after popping to 1% :D10:42
<les>  Shorts ER2 @ 667.3 «« paper »»
<TLTrader>  Exited Remainder YM Long @ 10666 --> + 8
<mispe> On Dj we are at the HOD, high of the month, the last 2 weeks...etc10:43
* szubaark is now known as szubaark_AWAY10:44
<coolweb2> Too high to buy, Too high to short, I jog in place10:49
<les>  Covered 1/3 Short ER2 at 666.8 --> + 0.5 «« paper »»
<danshirley>  Covered 1/2 YM Short @ 10663 --> + 6 «« paper »» 10:50

lighten up
<NihabaAshi>  Shorts ER2 @ 666.70 -> small size 10:51
<les>  exit stop moved to breakeven ER2 @ 667.3 «« paper »»

exit stop lowered ER2 @ 667 «« paper »» 10:55

 stop hit ER2 @ 667 --> + 0.3 «« paper »» 10:58
<NihabaAshi> Today I though will be the day I could hold a trade all day before reaching my 5th trade in an attempt to do such.10:59
Doesn't look like that won't happen :(11:00
<WannaBeATrader> liquidity seems bad11:01
<FFT>  Covered all ES Short @ 1230.5 --> - 1.75 «« paper »» 11:02
<NihabaAshi> Lowering my stop because I don't think this trade is going anywhere after watching the price action the last 10mins (poor volatility).
<WannaBeATrader> its awful
paring down due to greenspan speech this week i think
<NihabaAshi>  exit stop lowered ER2 @ 668.00
<FFT> SMH seems to be doing a decent job of leading so far today.11:03
<NihabaAshi> Wanna...its why I'm not willing to put much on the today until tomorrow...

I'm hoping the EIA report stirs things up a bit.

today = table
<WannaBeATrader> somehow that made sense before, lol11:04
<coolweb2> 3
<TLTrader>  Long YM @ 10657
<NihabaAshi> First trade resulted in a -1.80...11:05

Second trade resulted in a +2.30
<TLTrader> should have labled this one a scalp I wont hold it long
<NihabaAshi> Third trade resulted in a -3.00

Only person making money today is my broker :(
<WannaBeATrader> geez11:06
i am up a little
<TLTrader>  Exited 1/2 YM Long @ 10662 --> + 5

Exited Remainder YM Long @ 10659 --> + 2 11:07
<les>  Shorts ER2 @ 666.1 «« paper »» 11:12
Covered 1/3 Short ER2 at 666.6 --> - 0.5 «« paper »»
<NihabaAshi> That's volatility as of recently...shows it's face out of nowhere and often without a reason :(11:13
<les> oops
wrong exit post
Covered 1/3 Short ER2 at 665.6 --> + 0.5 «« paper »»
still holding 211:14
<NihabaAshi>  exit stop moved to breakeven ER2 @ 666.70
<les>  exit stop lowered ER2 @ 666 «« paper »»
Covered 1/3 Short ER2 at 665.1 --> + 1 «« paper »» 11:15
exit stop lowered ER2 @ 665.5 «« paper »»
<NihabaAshi>  Covered 2/3 ER2 Short @ 664.70 --> + 2 11:16

Unless ER2 gets strange on me...I should be able to hold this remainder for a good while...maybe the rest of the trading day.

Regardless of the outcome on my remainder...I'm profitable for the day :(11:17
<X>  #FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.
<danshirley>  Covered Remainder YM Short @ 10639 --> + 12 «« paper »»
<les> nih - does that mean you have a target in mind?
or is this time - based?11:18
<danshirley> short the euro
<NihabaAshi> No profit target...just trying to put in a trade I can hold all day so I can take it easy and watch a little TV (doing some editing of the toddlers video).
:)11:19
<les> does that mean yr target is effectively a traling stop?
<FFT>  Long ES @ 1228.25 «« paper »»
<NihabaAshi> Yes...you can look at it like that.
<FFT> not paper
<NihabaAshi>  exit stop lowered ER2 @ 666.50 11:20
<les> if it makes it past the 200ema, we may get a good drop11:21
looking ropey, tho
<mispe>  Long YM @ 10642
<NihabaAshi> Will post late trade result if trailing stop is hit...be back later.
* NihabaAshi is now known as NihabaAshi_away
<TLTrader>  Long YM @ 10641 11:24
Exited 1/2 YM Long @ 10645 --> + 4 11:27
<les>  Covered remainder Short ER2 at 665.3 --> + 0.8 «« paper »» 11:28
<TLTrader>  Exited Remainder YM Long @ 10642 --> + 1
<FFT>  Exited 1/2 ES Long @ 1229.25 --> + 1 11:30
<TLTrader> i should have held
<mispe>  Exited 1/2 YM Long @ 10646 --> + 4 11:31

 Exited Remainder YM Long @ 10642 --> 0 11:33
<TLTrader> i think i hear the dinner bell11:35
<FFT>  Exited Remainder ES Long @ 1229 --> + 0.75 11:36
<mispe>  Long YM @ 10639 11:42
<les> break time

back later
* les is now known as lesAway
<mispe>  Exited 1/2 YM Long @ 10644 --> + 5 11:44
<TLTrader>  Long YM @ 10643 11:45
<mispe>  Exited Remainder YM Long @ 10646 --> + 7
<TLTrader>  Exited 1/2 YM Long @ 10646 --> + 3 11:49
<mispe>  Long YM @ 10645 11:51

 Exited all YM Long @ 10646 --> + 1
<TLTrader>  Exited Remainder YM Long @ 10649 --> + 6 11:54
<lesAway>  Buys ER2 @ 66.9 «« paper »» 11:58
* coolweb2 investigating high momentum scalps12:07
<coolweb2> 1 tick forward or one tick backwards

hmm
<FFT> OT: If you don't have a trading plan, yer gonna end up like Leeroy: http://hem.bredband.net/b222680/leeroy.w mv12:08
<coolweb2> if price/volume does not move within 1 minute after price change, stopped out

high momentum with a reason to buy12:09
<eminitrader> nice clip FFT
<FFT> At least I have chicken, lol12:11
<lesAway>  Exited Long ER2 @ 666 --> + 599.1 «« paper »» 12:12
Reverse and Enter Short ER2 @ 666 «« paper »»
Exited Long ER2 @ 66 --> - 600 «« paper »» 12:13
Reverse and Enter Short ER2 @ 66 «« paper »»
oh well
that was -.9012:14
<FFT>  Long ES @ 1228.25 «« paper »» 12:17
* NihabaAshi_away is now known as NihabaAshi12:18
<NihabaAshi> Late post...

 Trailing Stop Hit ER2 @ 666.50 --> + 0.2
<TLTrader> is that your voice in the clip FFT?12:19
<NihabaAshi> Hit around 1145am est
<lesAway> same here niha
* NihabaAshi is now known as NihabaAshi_away
<FFT> Heh, no TLT. I just ran across that link.12:20
<TLTrader> ok

 Long YM @ 10641 12:21
<FFT>  Exited 1/3 ES Long @ 1229.25 --> + 1 «« paper »»
exit stop set ES @ 1228.5 «« paper »» 12:22
<X>  #FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.12:29
<TLTrader>  Exited 1/2 YM Long @ 10642 --> + 1
Exited Remainder YM Long @ 10641 --> 0 12:31
Long YM @ 10644 12:37
<FFT> We gotta sing The Jefferson Song, TLT. Movin on up! ;)12:38
<TLTrader> :) I'll probably fall down an elevator shaft any time now12:39
Exited 1/2 YM Long @ 10645 --> + 1 12:48
just cutting back since its not performing yet
<FFT> Here we go?12:49
<TLTrader>  Exited Remainder YM Long @ 10650 --> + 6 12:54
dont trust it to follow thru this time of day
10650 is a minor R anyway
<coolweb2>  buy limit to enter long NQ @ 1593.50 12:55

 cancelled all open limit orders 12:56
<FFT> new HOD in SMH
<TLTrader> TLTrader> dont trust it to follow thru this time of day - but what do I know?12:57
<FFT>  Exited 1/3 ES Long @ 1230.5 --> + 2.25 «« paper »»
Exited Remainder ES Long @ 1231 --> + 2.75 «« paper »» 13:01
And that trade was partially real :)
<coolweb2> nice work fft
<FFT> Thanks. Dunno what's holding ES back, I was looking for aa new HOD, but it was taking too darn long13:02
<coolweb2> 1:00 , lunch time is done

:D
<FFT> SMH still climbing13:03
<coolweb2> charts looking good13:06

Looks like a reversal on NQ waiting to happen13:07

cross out reversal13:10

wow

loosk like NQ is the only one thats volatile +1.15%

DOW: 0.64%

S&P: +0.55%
* coolweb2 ponders why nobody else trades NQ :D13:11
<coolweb2> its tech! can't get any more volatile then that, is it because of the 0.5 ticks?
<PapaJon> Depends on what you get comfy with13:12
i prefer er2
only because the moves are larger (dollarwise)
more value for my effort
<coolweb2> I see13:13

looking at the ER2 chart

I can see that
<PapaJon> compare all the emini's to each other... from a low point to a high point
ok.. no need to explain then
<coolweb2> bad points, can't control the stop lost as sharp
<PapaJon> depends on your method ..
<coolweb2> flucuates a whole .30-.50 on most consolidations13:14
<PapaJon> take a look at the drop at approx 11:12est13:15
my entry was 666.4
it dropped 2pts... $20013:16
<coolweb2> I see that point
<PapaJon> while nq dropped 2.5 pts
wassat.. $ 50 ?
<coolweb2> yep $50

hold13:17
<PapaJon> so.. if i (you) have a good system on which ever emini you trade.. then
<coolweb2> not 2.5 points
<PapaJon> the best value is er2 .. imo
sorry 3.5 pts
<coolweb2> 3 points haha $60 :D
<PapaJon> math messed up
from working in the heat outside13:18
been > 103 here lately
<coolweb2> I see your point now, more movements for $4.50 round trip commission
<PapaJon> today is alittle nicer
right
if you are consistently losing your trades .. then stay away from er213:19
<coolweb2> yep more volatile
<PapaJon> it WILL EAT YOU ALIVE
<coolweb2> interesting entry at 666.413:21

what was the reasoning behind that price?13:23
<PapaJon> is one of 4 strats i use
is a continuation pattern for me13:24
<coolweb2> oh you went in short right?
<PapaJon> :)
<coolweb2> ok good, thought you went in long, would have been odd
<PapaJon> hehe
well.. a while back... maybe i woulda went long.. who knows13:25
i doubt it tho
Shorts ER2 @ 668.6 «« paper »» 13:26
bbiafm's13:29
<TLTrader>  Long YM @ 10648 -> small size
<FFT> SMH not leading this charge up, FWIW13:33
<TLTrader>  Exited all YM Long @ 10654 --> + 6 13:34
<FFT>  Shorts ES @ 1221.25 «« paper »» 13:35
<X>  #FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.13:41
<FFT>  Covered all ES Short @ 1230.5 --> - 9.25 «« paper »»
Heh, should be +.75
<jbraswell> if you're referring to me, I apologize. I was just trying to make sure I could connect and mIRC worked13:42
<tSOB> good afternoon. I'm looking at ER2 and ES today; currently flat and no setups13:46
<FFT>  Shorts ES @ 1229.75 13:48
<TLTrader>  Long YM @ 10643 -> small size
only looking for a few ticks13:49
Exited all YM Long @ 10647 --> + 4 13:50
i guess i shud have looked for a few more :)13:53
<tSOB>  Long ER2 @ 669.7 -> medium size 13:59
<FFT>  Covered all ES Short @ 1230.25 --> - 0.5 14:02
Shorts ES @ 1229.75 14:03
<tSOB>  Trailing Stop Hit ER2 @ 668.7 --> - 1 14:04

hmm. that should've been 669.1. Not what I was looking for, regardless14:05
<coolweb2> MArket depth rules!14:08
<FFT>  Covered all ES Short @ 1229.25 --> + 0.5 14:09

:P
<TLTrader>  Long YM @ 10638 -> small size
<FFT> We're making our brokers happy, TLT :(
<coolweb2> anybdoy buy a IOM cme seat / lease?14:10
<TLTrader> im sure you'll get a big rebate check at the end of the year
<coolweb2> looking around it seems like it'll lower roundtrips to $2.20 instead of $4.4014:11
50% savings
<TLTrader>  Exited all YM Long @ 10643 --> + 5 14:12
<coolweb2> for the scalpers, i don;t scalp so no need for me but the seats probably a good investment
<TLTrader> i only need 1 tic to cover my commissions
<coolweb2> cme's just getting more popular
1596 NQ , no low interest from big boys14:14
checking out fibonachi retracements, lots of people following it14:17
<tSOB>  Long ER2 @ 669.9 14:18

 Exited ER2 Long @ 669.6 --> - 0.3 14:22
* lesAway is now known as les14:23
<les>  Shorts ER2 @ 669.7 «« paper »» 14:24
<TLTrader>  Long YM @ 10647 -> small size
<les>  Covered all Short ER2 at 670.1 --> - 0.4 «« paper »» 14:30
<TLTrader>  Exited all YM Long @ 10651 --> + 4 14:40
does INTC report today?14:43
<tSOB> y14:44
<TLTrader> ty14:45
<tSOB> along with other movers. more tomorrow morning BMO14:46
<X>  #FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.14:53
<TLTrader>  Long YM @ 10650 15:11

 Exited 1/2 YM Long @ 10656 --> + 6 15:12
<diego12> no trade setups in the afternoon for me guys15:15
<TLTrader>  Exited Remainder YM Long @ 10652 --> + 2 15:17
<tSOB>  Long ER2 @ 671.0 15:24
<TLTrader>  Long YM @ 10562 15:30

wrong

 Long YM @ 10662

Exited 1/2 YM Long @ 10663 --> + 1 15:34

just cutting back since its not as strong as i had hoped

looking for 10670 +/-15:37

 Exited Remainder YM Long @ 10670 --> + 8 15:38
<tSOB>  Exited ER2 Long @ 671.2 --> + 0.2 15:45
<TLTrader>  Long YM @ 10662 -> small size 16:01

wrong

 Long YM @ 10663 -> small size
<X>  #FuturesTrades Info -> This room is only for Trade Posting (real or paper) and/or discussions about a posted trade or key market events that could affect a trader's open trade position. LURKING not allowed..strictly enforced.16:05
<TLTrader>  Exited all YM Long @ 10664 --> + 1 16:09

cya tomorrow
* DisconnectedSession Close: Tue Jul 19 16:38:29 200516:38