Session Start: Wed Jul 27 09:31:43 2005Session Ident: #FuturesTrades
* Now talking in #FuturesTrades09:31
<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> Biege book @ 209:32
<PapaJon> gm all09:33
<TLTrader>  Covered Remainder YM Short @ 10619 --> + 5 09:34
* lesAway is now known as les09:35
<FFT>  Shorts ES @ 1236.25
<patr82> this is going to be another day like yesterday and monday09:36
<FFT> Yeah, I was just hinking I see plenty of buying on the bid, jus tlike yesterday09:37

 Covered all ES Short @ 1236.25 --> 0
<patr82> my trading system just cant survive in this climate. im glad it doesn't activate
<FFT>  Shorts ES @ 1235.75 09:38
<patr82> though today only 2 of my 5 systems are dead, so i could be live sometime today
<TLTrader>  Shorts YM @ 10617 -> small size 09:39
<danshirley> New home sales at 1009:41
<FFT>  Covered all ES Short @ 1237 --> - 1.25 09:44
<TLTrader>  Covered all YM Short @ 10609 --> + 8 09:47
one tic higher and I would have covered too FFT
<NihabaAshi> Nice TLTrader...good way to start a Wednesday.
<TLTrader> thnx
i gotta work later so I have to make a showing early :)09:48
<NihabaAshi> :)09:49
<FFT>  Shorts ES @ 1235.5 -> medium size 09:51
<pdays>  Shorts YM @ 10613 «« paper »» 09:53
* lesAway is now known as les09:54
<patr82> 3 of my 5 systems dead.
<NihabaAshi> What do you mean by "dead".09:55
???
<patr82> they wont produce a signal to enter
<pat255> because there is no signal to produce ...
<TLTrader> my ex-wife was like that a lot :)
<pat255> lol09:56
<patr82> lol
<danshirley> numbers in 5
<NihabaAshi> If your system doesn't have a trade signal when there should not be a trade signal...09:57
<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 good unless your system has no trade signals when you think it should have a trade signal.
<coolweb>  Shorts NQ @ 1604.50
<danshirley> U.S. JUNE NEW HOME SALES UP 4% TO RECORD 1.37 MLN UNITS10:00

 U.S. JUNE NEW HOME SALES ABOVE 1.29 MLN UNIT FORECAST

 U.S. JUNE NEW HOME SALES PRICE DOWN 0.4% Y-0-Y TO $215K10:01
<coolweb>  Covered all NQ Short @ 1604 --> + 0.5
<pdays>  Covered all YM Short @ 10608 --> + 5 «« paper »»
<FFT>  Covered 1/3 ES Short @ 1234.75 --> + 0.75
<NihabaAshi> I see a lot of long shadows on the 3min charts...noise.
<FFT>  Covered 1/3 ES Short @ 1234 --> + 1.5 10:02
<TLTrader>  Long YM @ 10595 -> small size 10:05

 Exited all YM Long @ 10601 --> + 6 10:06
<FFT>  Covered Remainder ES Short @ 1234 --> + 1.5 10:07
<coolweb> shoot
<patr82>  Shorts ES @ 1134.00 10:08
looks like i bought fets es10:09
sold i mean
<FFT> Yeah, I wanted 32 on that last one, but too many buyers showed up :(10:10
<coolweb> damn volume charts out of scale :<10:11
on Quotetracker, anybody know how to put it back to scale? all I see is huge green lines, have to hover to get the number10:13
<FFT>  Shorts ES @ 1233.25 10:16

 Covered all ES Short @ 1233 --> + 0.25 10:17
<TLTrader>  Shorts YM @ 10593 10:19
Covered 1/2 YM Short @ 10589 --> + 4
<FFT>  Long ES @ 1232.75 10:20
<TLTrader>  Covered Remainder YM Short @ 10590 --> + 3
<szubaark_away>  Long YM @ 10591 10:21

1st Signal of the day
* szubaark_away is now known as szubaark
<NihabaAshi> None for me...got too many distractions here...should be able to start trading soon.10:22
* coolweb learns the importance of time in between movements
<coolweb> today
<FFT>  Exited all ES Long @ 1233.25 --> + 0.5
<NihabaAshi> Doing a little babysitting until spouse returns back from a meeting :(
<TLTrader> you not going to let him push some keyboard buttons?10:23
<FFT> I bet he can trade better than me :)
<TLTrader> me too
<FFT> I was looking for a range day, but the market seems to be lining up for a down day.10:26
<TLTrader> SMH down 2.23% so far10:27
<coolweb> lovec it when you wake up a little later then usual, computer does not happen to work :D
<FFT> And MSFT up on the day. What's the big tech issue that's down?
<coolweb> AMZN ?

INSP down 30%

poor bag holders
<TLTrader> AMZN is up 12.5%10:28
<szubaark>  Exited all YM Long @ 10591 --> 0

not going anywhere10:29
<FFT>  Long ES @ 1233.25
<szubaark> geez.. i got out too early10:30
<TLTrader>  Long YM @ 10596 -> small size
<FFT> Come on SMH, pop
<szubaark>  Shorts YM @ 10595 10:31
<FFT>  Exited all ES Long @ 1233.25 --> 0

SMH just ain't budging :(10:32
<TLTrader>  Exited all YM Long @ 10601 --> + 5
<szubaark> Nice scalping TLT10:34
<TLTrader> :)10:35
<szubaark>  Covered all YM Short @ 10607 --> - 12 10:36

:((

Thats what i get for exiting my Long early10:37
<FFT>  Shorts ES @ 1234.5
<coolweb> Short killings10:38

brutal this uptrend
<TLTrader>  Long YM @ 10610 -> small size 10:43
<szubaark>  Shorts YM @ 10610 10:44
<danshirley>  Shorts YM @ 10612 «« paper »» 10:45
exit stop set YM @ 10619 «« paper »» 10:46
<TLTrader>  Exited all YM Long @ 10611 --> + 1
<danshirley>  Covered 1/2 YM Short @ 10605 --> + 7 «« paper »» 10:49
exit stop moved to breakeven YM @ 10612 «« paper »»
<FFT>  Covered 1/2 ES Short @ 1234 --> + 0.5 10:52
<szubaark> heheh.. i knew this quick upmove looked suspiscious10:53
<danshirley>  exit stop lowered YM @ 10608 «« paper »»
<szubaark>  Covered 1/2 YM Short @ 10599 --> + 11
<TLTrader> nice shorts fellas10:54
<danshirley>  exit stop lowered YM @ 10604 «« paper »»
<FFT> Thanks TLT
<szubaark> TLT when they move it so fast i become suspicious, thats why the Short
<FFT> Looking for a new LOD on ES :)
<danshirley>  Covered Remainder YM Short @ 10596 --> + 16 «« paper »» 10:55
<szubaark> Nice Dan!
<danshirley> Thanks10:56
was hoping for new LOD but no dice10:57
<szubaark> Russell making new lows :)
<danshirley> Yea I had a reversal signal on ER2 up at 676 and didn't take it10:59
<NihabaAshi>  Long ES @ 1233.25 -> small size 11:00

Stole an entry down within the range of the lower shadow on that White Hammer Line on the 3min chart.11:01
<TLTrader>  Long YM @ 10598 -> small size 11:03
<danshirley> short the euro
<FFT>  Covered Remainder ES Short @ 1233.5 --> + 1 11:04
New LOD trade timed out :(
<NihabaAshi> Light Crude Oil -CL or QM are still closely watched...any push downwards in Oil should get me at worst to breakven.

 exit stop moved to breakeven ES @ 1233.25 11:06
<pat255> nice niha ...missed the entry never got back to 33.2511:07
<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.11:09
<NihabaAshi>  Exited 1/3 ES Long @ 1234.25 --> + 1 11:10
<TLTrader>  Exited all YM Long @ 10603 --> + 5 11:11
<NihabaAshi>  Exited Remainder ES Long @ 1233.50 --> + 0.25 11:12
<FFT>  Shorts ES @ 1233.75 11:14
<TLTrader>  Shorts YM @ 10597 11:16
<FFT> TICK's playing games :(11:17

 Covered all ES Short @ 1233.5 --> + 0.25

Darn that TICK anyways
<TLTrader>  Covered 1/2 YM Short @ 10595 --> + 2 11:26
<szubaark>  exit stop moved to breakeven YM @ 10610 11:32
<TLTrader> apparently "they" don't realize that i don't have the patience for this crap :)11:35
<szubaark> mine patience gets tested every day in this crap11:36
<TLTrader>  Covered Remainder YM Short @ 10596 --> + 1
<szubaark> we just cant have more then 20+ move in YM without all this Chop crap.11:37

seems too many 10+ scalpers out there fighting for every frikin tick
<coolweb> low reward in range area.. that should be expected11:40
got to scalp for ticks in range areas :D11:41
I don't think $COMPQ will be going higher today though, stuck under the range11:42
ooh well, its lunch time anyway :D we lunch!11:43
sell limit to enter short NQ @ 1605 11:46
Short NQ @ 1605 11:49
<FFT> SMH breakin out12:00
<coolweb>  Covered all NQ Short @ 1606.5 --> - 1.5 12:01
* codehead is now known as codehead-bbl12:02
<TLTrader>  Shorts YM @ 10607 -> small size
Covered all YM Short @ 10609 --> - 2 12:03
<FFT>  Long ES @ 1235 12:04
<TLTrader>  Long YM @ 10607 12:06
<FFT> Dang, tried to add one at .75, nobody hit me :(12:07
<coolweb> interesting hammer at breakout12:10
reacted too late
right before breakout
i mean
<FFT> Dang, I gotta go to lunch12:12

 Exited all ES Long @ 1235.25 --> + 0.25
<TLTrader>  Exited 1/2 YM Long @ 10609 --> + 2
* FFT is now known as FFT_BBQ
<TLTrader> in case it stalls
<coolweb> anybody use button trader12:13

or ninja trader?
<PapaJon> Ninja here12:20
<coolweb> papajon: does ninja trade automatically execute orders when the price is reached at MKT or limit?

or is it server side stops?

for stops
<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.12:21
<PapaJon> um.. i think it depends on the type of order... but with my orders they are all on the brokers server , unless it is the type of order that always goes to the exchange12:22
<TLTrader>  Exited Remainder YM Long @ 10612 --> + 5
<PapaJon> and .. yes.. it trades automatically
<coolweb> I just got owned @ pivot point from a breakout from a stop, need something more auto but don't want to show my hands
don't want to show my hands to NQ
to globex I mean
<TLTrader> 4 prints at 10614 w/o a break
<PapaJon> i setup a strategy in Ninja to trade multiple contracts with 3 targets and a trl stop12:23
<coolweb> papajon: so you are saying, its not showing the hand?
<PapaJon> one click and i am in
<coolweb> papajon: how about the stops, does it sometimes fail to execute?
<PapaJon> dont think so.. it's not at the exchange unless the order price is hit
no
you mean.. like get rolled over in apower move?12:24
<coolweb> like IB, if I set a LMT order, to exit , the thing breaksout, I re-enter a MKT order, MKT order takes like 1-2 minutes LATER to execute, I think its an IB problem
<PapaJon> or like.. it hits ur order price then bounces without filling?
<coolweb> yeah rolled over in a power move
<PapaJon> havent had a prob
because once it is hit and passed.. it fills the best it can get (mkt order)12:25
<coolweb> oh

thats great

it doesn't use a LMT order to get you filled at stops right?
<PapaJon> on an entry.. you can set it to a stp order or a stp lmt order
<coolweb> I see
<PapaJon> no
<coolweb> nice very good
<PapaJon> uses mkt order on stoploss
<coolweb> you ever use button trader?12:26
<PapaJon> it also has features that let you write code to make it trade automaticlly
i demo'd it once
i prefer ninja
<coolweb> I see, any reason why?

I demoed it as well
<PapaJon> i like the feel and features of ninja
<coolweb> I see12:27

alright, good stuff :)
<PapaJon> is very reasonably priced
<coolweb> ninja is $50 a month right?
<PapaJon> is it?
i only pay 20
<coolweb> how much do you pay?
<PapaJon> maybe cuz i been with them so long
<coolweb> http://www.ninjatrader.com/main_subscrib e.htm
<PapaJon> i pay 60 per quarter
<coolweb> $50

per month :D12:28
<PapaJon> interesting
guess i am a prefered customer.. :)))
<coolweb> nice
<PapaJon> hehe
<coolweb> button trader seriously has a problem with their documents

documentations

i mean

yeah haha12:29

good price $20

yeah
<PapaJon> havent looked at for quite some time
<coolweb> i need to get this auto entering automated
<PapaJon> well.. it depends on your strategy12:30
mine cannot be completely automated...
<coolweb> oh
<PapaJon> i have to visually make the decision to enter...
<coolweb> its not automated, just need the STOPS automated :)

yeah

same here

i need to visually make al decisions as well
<PapaJon> then i adjust my hard stop and my profit targets using TA
<coolweb> ok thanks buddy :)12:31
<PapaJon> well... using the ninja superdom, u can create all kinds of dif strategy with presets.. what ever you want
then its just a matter of one click entry and one click adjustments12:32
no drag and drop .. like some of the others
cya all later on12:36
<coolweb> see yah papa
* PapaJon is now known as Papa_afk
<TLTrader>  Long YM @ 10602 -> small size
* FFT_BBQ is now known as FFT12:47
<TLTrader> must have been some good BBQ to leave a trade :)12:48
<FFT> It was. One thing I love about the South. Cole slaw on stuff. Delicious
Long ES @ 1234.75
Lady said it was 110 in the kitchen (we're havin a heat wave) with 2 air conditioners going.12:49
<TLTrader> it's 89F and "feels" 96F here in Atlanta
<FFT> Heh, I'm just up the expressway from you in Charlotte. Supposed to be 102 today :(12:50
102 before adjustments. Yikes.
<TLTrader> friend of mine lives there12:51
* codehead-bbl is now known as codehead12:54
<TLTrader>  Exited all YM Long @ 10607 --> + 5 12:59
<FFT>  Exited all ES Long @ 1234.5 --> - 0.25 13:05
Shorts ES @ 1234 13:07
<tSOB>  Shorts ER2 @ 671.8 13:16
<TLTrader>  Long YM @ 10603 -> small size 13:21
<tSOB>  Covered ER2 Short @ 672.5 --> - 0.7
<TLTrader>  Exited all YM Long @ 10605 --> + 2 13:23
<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.13:33
<TLTrader>  Long YM @ 10607 -> small size 13:38
try'n to exit13:40
Exited all YM Long @ 10606 --> - 1 13:43
gotta run cya tomorrow
<szubaark> Crack Book Report@2PM13:54

 Shorts YM @ 10612 14:01
<danshirley> FED BEIGE BOOK: ECONOMY STRENGHTENING THROUGH MID-JULY14:04
BEIGE BOOK FINDS NO INCREASE IN PRICE PRESSURE
BEIGE BOOK: FACTORY SECTOR UPBEAT BUT NOT HIRING
<szubaark>  Covered all YM Short @ 10622 --> - 10

:((

 Long YM @ 10621
<danshirley> BEIGE BOOK: SOME SIGNS OF COOLING IN HOT HOME MARKETS
<NihabaAshi>  Long NQ @ 1614.00 -> small size 14:06
<szubaark> That WRB candle is being sold right into :(14:08
<NihabaAshi> I may get a Short signal here...if so...will reverse trade into a large short position.
<szubaark> That means u going Heavy on the Short side and Light on Long14:09
<NihabaAshi> Yep.
<coolweb> lots of distro going on here
<danshirley>  Shorts YM @ 10615 «« paper »» 14:11
<NihabaAshi> 2pm est Beige Book usually has a much stronger reactsion than this...
<coolweb> i lost my $40 already, will paper trade :D
<NihabaAshi> It's very odd we lack volatility or didn't get more volatility from the Fed Beige Book report.14:12
<coolweb> niha: we close to cash top range as well

will b e hard to break through without reaction first

actually we did breaktrhough

nevermind
<FFT> Hot Doggies, new HOD14:13
<NihabaAshi> It can go sideways for awhile if it wants to regain enough strength for a strong volatile price movement...
<FFT> Whew
<coolweb> top for compq was 1979
<FFT> Whoops, forgot to opst my exit
<NihabaAshi> It's trying hard now for a parabolic surge :)
<FFT>  Covered all ES Short @ 1235 --> - 1
<NihabaAshi>  exit stop moved to breakeven NQ @ 1614.00

So far I count only one WRB in NQ's 3min chart when past Beige Book info average about 3 WRB's.14:15
<coolweb> i count 1 as well14:16
<NihabaAshi>  Exited all NQ Long @ 1614.50 --> + 0.5
<coolweb> <-- good counter
<NihabaAshi> Hopefully, its only taking a breather and waiting to catch a second wind.14:17

If not...this can easily turn into one of those creeper uptrends.14:18
<szubaark>  Exited 1/2 YM Long @ 10633 --> + 12 14:20
:))
lately im having to Reverse a lot, therefore REDUCING my Profits a lot
<coolweb> good exit szubaark :D
<szubaark> im still holding second contract14:21
Dont have much wiggle room since i entered on that WRB just after the report :(14:22
<coolweb> niha: hammers scare me now.

i'm going to be hunting them down now14:23

i think all the big boys look for hammers to reverse hard, I got kickeed in the face with a hammer breakout reversal14:24
<NihabaAshi> EuroFX 10min chart is impressive since the Dark Hammer Line this morning around 0840am est14:26
<coolweb> niha: whats more powerful for reversals, dark hammers or green hammers?
<szubaark> Thanks for pointing that out Niha on the Euro..intresting14:27
<NihabaAshi> Green have more follow-through back upwards in comparison to Dark Hammers.14:28

Reason why I prefer Dark Hammers that are also involved as a multi-candlestick pattern...
<coolweb> oh yeah, thats true, green went above opening, I see
<NihabaAshi> To give it that extra boost that it needs.
<coolweb> I see14:29
<szubaark> u say Line, so there was no Signal for entry since it wasnt a Pattern?
<NihabaAshi> Right...the Dark Hammer Line itself wasn't a trade signal.
<coolweb> actually14:30

I see your point niha
<NihabaAshi> The EuroFX pattern I point out didn't convert that Dark Hammer Line into a pattern until completion of the White Line that followed after it.
It also became a multi-candlestick pattern upon completion of that white line after the dark hammer line.14:31
<coolweb> in a downtrend, you will hardly see a green hammer, cause its unlikely it will close above opening price because of the downard pressure, just noticed all green hammer bars appear on uptrends

good tip niha :)14:32

i write down
<NihabaAshi> :)14:33
* Papa_afk is now known as PapaJon14:40
<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.14:45
<szubaark>  Exited all YM Long @ 10637 --> + 16

Shorts YM @ 10637

i see lots of long shadows on 5min candles now,meaning possible chop?14:48
<diego12> I went long at 1237.75 ES, but scratched that trade already
<szubaark>  Covered all YM Short @ 10649 --> - 12 14:54

:((
<diego12> had to stay in longer...damn14:56
<NihabaAshi> Toddler has been awake since my last trade...

So I've been in watch mode and no trading.
<szubaark>  Shorts YM @ 10650
Covered 1/2 YM Short @ 10639 --> + 11 15:03
exit stop moved to breakeven YM @ 10650
Long YM @ 10650 15:28
<tSOB>  Long ER2 @ 675.8
<szubaark> time to be Bullish again?15:33
i was Bearish yeraturday LOL
Exited all YM Long @ 10650 --> 0 15:35
Shorts YM @ 10650
<tSOB>  Exited ER2 Long @ 675.7 --> - 0.1 15:40
<szubaark> too much wiggling around up and down'15:48
Covered all YM Short @ 10649 --> + 1 15:55
Losing my Patience
<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.15:57
<Awash_afk> .
<PapaJon> [12:48] <szubaark> too much wiggling around up and down' ... sounds u talkin bout a little fijity kid... lol16:03

figity..?
<Awash> .16:08
* Awash is now known as Awash_afk
<NihabaAshi> Take care all and see all tomorrow.16:25
<PapaJon> U2 Niha..16:30
* DisconnectedSession Close: Wed Jul 27 16:33:37 200516:33