Session Start: Fri Jul 29 09:32:02 2005Session Ident: #FuturesTrades
* Now talking in #FuturesTrades09:32
<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab
<TLTrader>  Long YM @ 10704 -> small size 09:40
<szubaark>  Shorts YM @ 10700 09:41
<TLTrader> look'n to exit09:42
<szubaark> small size TLT?09:43
<TLTrader> yep
<szubaark>  u doing Position Size managment now?
<dan-away> chicago PMI at 10
<TLTrader> i guess u could call it that
<dan-away> Mich Sent at 9:4509:44
<TLTrader>  Exited all YM Long @ 10705 --> + 1
<les>  Buys ER2 @ 685.4 «« paper »»
<szubaark> No Reaction to report..09:47
<TLTrader>  Long YM @ 10708 09:48
<les>  Exited 2/3 Long ER2 at 685.9 --> + 0.5 «« paper »» 09:49
<szubaark>  Covered all YM Short @ 10711 --> - 11

:((
<les>  exit stop moved to breakeven ER2 @ 685.4 «« paper »»
<szubaark> market doing NADA09:50
<TLTrader>  Exited 1/2 YM Long @ 10709 --> + 1
<les>  stop hit ER2 @ 685.4 --> 0 «« paper »» 09:52
* dan-away is now known as danshirley
<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.09:54
<szubaark>  Shorts YM @ 10704 09:56
trying Short again
<NihabaAshi>  Long YM @ 10706.00 -> small size
* Disconnected 09:57
* Attempting to rejoin channel #FuturesTrades09:58
* Rejoined channel #FuturesTrades09:59
<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab
<NihabaAshi_away> Got disconnected :(
The Long trade I posted is the same trade signal as the one I took yesterday.
<szubaark>  Long YM @ 10718 10:00
<NihabaAshi_away>  Exited 1/3 YM Long @ 10720.00 --> + 14
<szubaark> Niha what time-frame?10:01
<NihabaAshi_away> 5min chart
It's the same August 16th Seminar strategy10:02
<coolweb>  Long NQ @ 1625.50
<danshirley>  CHICAGO PMI 63.5% IN JULY VS. 55.1% FORECAST10:03
<NihabaAshi_away>  exit stop raised YM @ 10707.00
<szubaark>  Exited all YM Long @ 10716 --> - 2 10:05
Shorts YM @ 10716
<coolweb>  Exited all NQ Long @ 1624 --> - 1.5 10:10
<danshirley> PMI pushing bonds down
<patr82>  Long ES @ 1246.25

two systems long
<TLTrader>  Shorts YM @ 10715 -> small size
Covered all YM Short @ 10713 --> + 2 10:12
<NihabaAshi_away>  Exited Remainder YM Long @ 10710.00 --> + 4 10:13
<szubaark>  Covered 1/2 YM Short @ 10703 --> + 13 10:15
exit stop moved to breakeven YM @ 10716
<NihabaAshi_away> That 10am est econ report turn things around (southward) very fast.10:17
* NihabaAshi_away is now known as NihabaAshi
<les>  Buys ER2 @ 684.8 «« paper »» 10:21

bit late
<NihabaAshi> I wanted a Long in ES at 1244.00 in that last 2min interval...10:22
Didn't get it.
Staying on the sidelines and will just watch.
<TLTrader>  Shorts YM @ 10707 10:23

 Covered all YM Short @ 10706 --> + 1 10:26
<les>  Exited 2/3 Long ER2 at 685.3 --> + 0.5 «« paper »»
exit stop moved to breakeven ER2 @ 684.8 «« paper »» 10:27
stop hit ER2 @ 684.8 --> 0 «« paper »»
<szubaark> TLT too bad u got out10:32
<TLTrader> i may get back in
<patr82> ive really lost my butt this week. but my system is in the norm of DD. but its still hard to take. ill enjoy this a little more when the system turns.10:34
<coolweb> patr82: whats your max drawdown?10:35
allowed for the week
<patr82> im at 80% of my highest historic dd.
<tSOB> it's been said that your worst draw down is always in the future10:36
<patr82> that DD was in july of 04. this is july of 05. July!!! ill take my vacation next july

i agree, highest DD is always in the future10:37
<danshirley> so is your largest win10:39
:-)
<TLTrader>  Long YM @ 10702 -> small size

scalp
<les>  Shorts ER2 @ 683.6 «« paper »» 10:40
<TLTrader>  Exited all YM Long @ 10692 --> - 10 10:41
<coolweb> i'm wary of this fall
<les>  Covered 2/3 Short ER2 at 683.1 --> + 0.5 «« paper »»

exit stop moved to breakeven ER2 @ 683.6 «« paper »»
<TLTrader>  Shorts YM @ 10695 -> large size 10:42
<les>  stop hit ER2 @ 683.6 --> 0 «« paper »» 10:43
<tSOB> thanks for that, dan :)
<les>  Shorts ER2 @ 683.1 «« paper »» 10:45
<TLTrader>  Covered 1/3 YM Short @ 10694 --> + 1 10:49
Covered 1/3 YM Short @ 10690 --> + 5 10:51
i was looking for 10677 - 10670 but I'm having doubts10:54
<szubaark> its Chopping on its way down, very frustrating Price Action, gives u a lot of doubts :)
<NihabaAshi> ER2 has looks like a rising channel on the 10min chart10:55
<pdays>  Shorts YM @ 10695 «« paper »» 10:56
<NihabaAshi> Since 11am on Wednesday
<szubaark> yup..and we at the bottom of the lower channel now10:57
<les>  Covered all Short ER2 at 683.6 --> - 0.5 «« paper »» 10:58
* les is now known as lesAway11:02
<szubaark> Niha we need a red WRB now11:03
<pdays>  Covered all YM Short @ 10692 --> + 3 «« paper »» 11:04
<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.11:06
<szubaark>  Covered all YM Short @ 10690 --> + 26 11:10

 Long YM @ 10690 11:11
<TLTrader>  Covered Remainder YM Short @ 10688 --> + 7 11:12
<coolweb> nice trade szubaark :)11:13
<szubaark> thanx..need more of those11:14
Exited 1/2 YM Long @ 10693 --> + 3 11:23
This is REAL SLOOWW.. taking frikin 3 points
exit stop moved to breakeven YM @ 10690
Exited all YM Long @ 10690 --> 0 11:27
<coolweb> ok11:46

had my stop in the wrong place11:47

notch above bid and ask, not on ask

:D
* coolweb makes a note of that
<TLTrader>  Long YM @ 10676 11:55
<coolweb> intresting movement11:56
the movement before was very confused, but more downward pressure, this movement was not confused, nice down and easy
I love how the market TICKS
more confusement adding extra risk , less confusement means less profit (shorting/longing from a lower area) but lower risk11:58
guess everything has pros and cons :D
good thing is we can tack on contracts to increase profits but lower risk later in the game11:59
<TLTrader>  Exited 1/2 YM Long @ 10680 --> + 4 12:03
<NihabaAshi>  #FuturesTrades New Password -> New password beginning August 1st Monday is 45RADEON and it will also be posted at http://p207.ezboard.com/fthestrategylabf rm8812:04
<TLTrader>  Exited Remainder YM Long @ 10677 --> + 1 12:05
<szubaark>  Shorts YM @ 10673 12:10
<coolweb> grr that stop lost misplacement cost me lots of points today damnit , lunch time12:11
<szubaark> thats trading..u make some u lose some12:12
Covered all YM Short @ 10675 --> - 2 12:16
Long YM @ 10675
<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.12:18
<TLTrader>  Long YM @ 10679 12:39
<szubaark> TLT first time in a while i got better entry then you LOL12:45
<TLTrader> :) every dog has his day...
<szubaark>  Exited 1/2 YM Long @ 10683 --> + 8 12:46

 exit stop moved to breakeven YM @ 10675

TLT differance between 2-3 Ticks on entry can be defferance bteween losing/winning trade in this racket12:49

what Niha calls "Wiggle Room"12:50
<TLTrader> yep
Exited 1/2 YM Long @ 10679 --> 0 12:51
<szubaark>  Exited all YM Long @ 10676 --> + 1 12:58

 Shorts YM @ 10676 12:59

 exit stop moved to breakeven YM @ 10686 13:05

 Covered all YM Short @ 10687 --> - 11 13:14

:((

 Shorts YM @ 10684 13:17
<coolweb> this current rally is powerless I believe13:20
getting ready to short
probably in 20
<TLTrader>  Exited Remainder YM Long @ 10684 --> + 5 13:25
<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.13:30
<szubaark>  Covered 1/2 YM Short @ 10674 --> + 10 13:34
<TLTrader> if we don't make a new LOD I may get a long enrty13:35
<coolweb> getting a hammer here as well13:39
<TLTrader> get'n hammered? it not happy hour yet :)
<coolweb> close to new low13:40

futs players are optimistic :D
<TLTrader>  Long YM @ 10676 13:42
<coolweb> yep13:44

no low of the day

just noticed lots of shorts @ 1614 NQ area, price always likes to run over the majority
<TLTrader>  Exited 1/2 YM Long @ 10682 --> + 6 13:46
<szubaark>  Covered all YM Short @ 10683 --> + 1 13:50
<TLTrader>  Exited Remainder YM Long @ 10690 --> + 14 13:53
<szubaark>  Shorts YM @ 10694 13:56
<TLTrader>  Long YM @ 10697 -> small size 14:08
<szubaark>  Covered all YM Short @ 10705 --> - 11 14:09

:((

 Long YM @ 10706
<TLTrader>  Exited all YM Long @ 10705 --> + 8
<coolweb> szubaark: this is close to the end of long

1.5 more point on $COMPQ till heavy resistance 219314:11
<szubaark>  Exited all YM Long @ 10703 --> - 3 14:24
I chased it..got emotional after they hit my Stop
<TLTrader>  Shorts YM @ 10700 -> small size 14:27
<coolweb> wish this bar was a more narrow range bar
NQ 162214:29
Futs prices always wacked out14:30
ygreat consolidation14:35
was looking for it
* Disconnected 14:46
* Attempting to rejoin channel #FuturesTrades14:47
* Rejoined channel #FuturesTrades14:48
<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab
<szubaark>  Long YM @ 10691
<les>  Buys ER2 @ 682.7 «« paper »» 14:58
<TLTrader>  Long YM @ 10695 15:01
<szubaark>  Exited all YM Long @ 10691 --> 0 15:03
Shorts YM @ 10691
<TLTrader> for about 10 secs I thought i had a good entry
<szubaark> Im Reversing Short15:04
<TLTrader>  Exited all YM Long @ 10687 --> - 8
<les>  Exited all Long ER2 at 682.2 --> - 0.5 «« paper »»
<coolweb> that DOM headfake15:09

was incredible

but price action told the truth.
<szubaark>  Covered 1/2 YM Short @ 10679 --> + 12 15:11
exit stop moved to breakeven YM @ 10691
"We dont need no stinkin' Prices"- Woodie15:12
<coolweb> unfortunately my broker doesn't pay me in CCI points either15:15
<TLTrader> are those like s&h green stamps?15:16
<szubaark> TLT Reversal again pays for me15:20
<TLTrader> yep good one
i tried to sell at 10690 shortly afterward but missed it by a tic15:21
<szubaark> I was looking for a Short from you..BUt never saw it
<TLTrader> i usually regret chasing so i just stepped aside15:23
<coolweb> same here

that dropped too fast

and i don't think theres much in this drop either

going to compare with the other drops though
<szubaark> with Daytrading you have to React FAST.15:24
you think, you lose.
If you Position/Swing trade, then u can think.15:25
<coolweb> i don't lose when I don't enter a position :D15:28

movements that go fast are usually movements that don't last.

risk before reward szubaark :)15:29
<TLTrader> looks like a test of yesterday's LOD is in order15:32
YM
<szubaark>  Covered all YM Short @ 10670 --> + 21 15:39

 Long YM @ 10670
<coolweb> ok15:40
szubaark: good trade szubaark! :)
<szubaark> thanx cool15:41
<coolweb> I'm investigating that 3:00 phenenom, looks like they were running stops
<TLTrader>  Shorts YM @ 10662 15:44
<szubaark>  Exited all YM Long @ 10658 --> - 12
:((
<les>  Shorts ER2 @ 681.5 «« paper »»
<TLTrader>  Covered 1/2 YM Short @ 10652 --> + 10 15:46
<les>  Covered 2/3 Short ER2 at 681 --> + 0.5 «« paper »»
<szubaark>  Long YM @ 10657 15:47
<les>  exit stop lowered ER2 @ 681.4 «« paper »» 15:48

 exit stop lowered ER2 @ 680.8 «« paper »» 15:51

 stop hit ER2 @ 680.8 --> + 0.7 «« paper »» 15:53
<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.15:54
<TLTrader> stubborn bid

 Covered Remainder YM Short @ 10660 --> + 2 16:00
<NihabaAshi>  Long NQ @ 1613.00 -> small size
Same August seminar pattern on NQ 5min chart...intentionally delayed my entry as required by the strategy for a better entry price in comparison to the trade signal price.16:01
exit stop moved to breakeven NQ @ 1613.00 16:02
:(16:03
Trailing Stop Hit NQ @ 1613.00 --> 0
<szubaark> Niha that Dark hammer was the setup?
<NihabaAshi> It's a Bullish Engulfing pattern...dark hammer not required...16:04
However, a long lower shadow is required on what you see as a dark hammer line.
<szubaark>  Exited 1/2 YM Long @ 10669 --> + 12 16:05

 exit stop moved to breakeven YM @ 10657
<NihabaAshi> What's being engulfed is not what you see as a dark hammer line...
Its the interval body before what you see as a dark hammer line...16:06
In other words, pretend the dark hammer line is not there (erased).
You'll then see the Engulfing pattern.
More will be explained at the seminar.16:07
<szubaark> Looking forward to it. Candles are new to me so Im just dugesting all that stuff on your website and seminars.16:08

dugesting=digesting

 Exited all YM Long @ 10673 --> + 16
<PapaJon>  Buys ER2 @ 666666666 «« testing »» 16:24
<NihabaAshi>  #FuturesTrades New Password -> New password beginning August 1st Monday is 45RADEON and it will also be posted at http://p207.ezboard.com/fthestrategylabf rm8816:34

Have a good weekend all.16:35
<PapaJon>  Exited all Long ER2 at 0 --> - 55 «« testing »» 16:36
.............16:37
exit stop set ER2 @ 111 «« testing »»
* Retrieving #FuturesTrades modes...16:43
* DisconnectedSession Close: Fri Jul 29 16:43:44 2005