#FuturesTrades October 12th Thursday 2006 Trade Log
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In addition, trades posted by members of #FuturesTrades in the below trade post chat log are by traders that do not have access to TheStrategyLab.com strategies except for NihabaAshi.
Fee-based clients of TheStrategyLab.com strategies use the private IRC rooms called #TheStrategyLab and #SwingTradingTSL.
Further, you'll find below the chat room time stamped text log of realtime trades (real money and simulator) that were posted by full-time, part-time traders from around the world and the timestamp is eastern standard time (est).
Also, below NihabaAshi's trading blog like comments, you can read the time stamped trades (prices, entries, exits et cetera) and market discussions that sometimes contains trading tips or insights that are more useful than what you will see at any other futures blog or chat room.
Trading Blog Below is not your traditional trader's blog in the usual blog format. However, you will find informative commentary on a few occasions as time permits and such will contain trading tips that should help your trading as I attempt to sum up my thoughts as I traversed from the first trade to the last trade that was posted in #FuturesTrades realtime trade posting chat room.
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No PnL statement today because I didn't take any trades.
However, I still have that open swing trade (Long position) from yesterday.
Spent most of today getting some personal stuff (paper work) organized because I have meetings tomorrow and possibly on Monday.
However, there's a good discussion in the below #FuturesTrades chat log by Les (professional background involves clinical psychology) about the psychological aspects of trading.
Think about this...some of the world's top athletes and celebrities regularly use the services of psycho-therapist, clinical psychologists, psychologist to deal with all the stress of their profession and to maintain whatever edge they have to remain at the top.
Simply, we as traders are prone to high levels of stress or outside pressures that has an impact on our profit/loss statements by the end of the trading day.
Unfortunately, more often than not...its a negative impact and can be avoided if we stop underestimating the psychological aspects of trading.
In fact, any trader that doesn't devote as much time to the psychological aspects of trading as they do to their entry signals...are doomed to failure.
Today's results (real money and simulator trading) shown above are that of NihabaAshi only. To see his total accumulated points for the month of October...click here. To see results for the months of 2006 and prior years...click here.
Commentary by M.A. Perry (a.k.a. NihabaAshi)
intradaystrategies@yahoo.comNote: Each month there are a few trading days that we consider to involve interconnecting key price action of different markets and such is represented by a particular type of price action from one of the key markets. You can view the charts and their clues that's associated with the key price action at our key market archives.
Session Start: Thu Oct 12 09:29:28 2006Session Ident: #futurestrades * Now 09:29 <X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm <yo> gm all <NihabaAshi> good morning all. 09:31 <eminitrader> morn yo, all <szubaark> gm <asuni> hi niha, hi all <pat255> gm all... morn niha szy emini <szubaark> Niha still holding your Long? 09:32 <eminitrader> morn pat <ItalianSharp> niha, is that long your pension fund? <NihabaAshi> No but I am looking to add to it upon an new intraday lows that occur after an intraday high. 09:34 <X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) 09:36 <asuni> niha, as u are long with one contract, will u regularly take also short trades for daytrading? or only long ones? 09:37 <NihabaAshi> Any swing trades between Oct to mid-November are Longs ONLY. 09:38 As for my day trades...I trade them as normal. <asuni> thks <NihabaAshi> Now that I've initiated my first swing trade... I will day trade from my second account. 09:39 <asuni> ok understood <NihabaAshi> This prevents that horrible task of trying to manage swing trades and day trades from the same account. Today is a big day for key economic events... 09:42 If the market is going to do a trend day...its today or tomorrow...hopefully UPWARDS. 09:43 <szubaark> Shorts NQ @ 1712 09:50 <deepitm> Shorts YM @ 11950 09:53 <les> Shorts ER2 @ 752.1 09:54 <eminitrader> Long ES @ 1362 09:55 if es breaks 1364 ...expect a large move.. 09:59 <NihabaAshi> Volatility is FLAT...makes for difficult trading and increased chance to be trading chop. 10:00 <eminitrader> then more likely gap fill <les> Covered ER2 Short @ 752.7 --> - 0.6 Reverse and Enter Long ER2 @ 752.7 <szubaark> volatility spike should be coming up soon.. which way? i have no frikin clue 10:01 <les> Exited 1/2 ER2 Long @ 753.2 --> + 0.5 <deepitm> Covered all YM Short @ 11960 --> - 10 10:02 <les> exit stop raised ER2 @ 753 10:03 <NihabaAshi> szu...just keep remembering its October...the odds are EXTREMELY high that there will be more volatility spikes upwards in comparison to downwards. 10:04 Being in the right trade when one occurs and in your favor is a different story. <szubaark> ok.. Niha agree but what im thinking is first hour could close gap then trend up 10:05 <deepitm> I was thinking along the same lines szu <szubaark> im trying to exploit first hour swings which are usually volatile 10:06 now rest of day is another story, as markers starts choosing direction and more chop <NihabaAshi> NQ already made a small attempt at a possible gap close when it started back down around 0936am (1714.25) but that came to a halt around 0956am est (1711.25) 10:07 <les> Trailing Stop Hit ER2 @ 753 --> + 0.3 <szubaark> watching ES 1364 possible Top.. if breaks Reversing Long 10:10 <eminitrader> Exited 1/3 ES Long @ 1363.50 --> + 1.5 10:11 Trading Edge: Trading Strategies -> These strategies will reveal and explain specific strategies from entry to exit that exploit inefficiencies in the price action of your trading instrument for profits in the following trading instruments: Emini Index Futures (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), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI) exit stop moved to breakeven ES @ 1362 <szubaark> Covered all Short NQ at 1715.75 --> - 3.75 Buys NQ @ 1715.75 definetly staying a mile away from Shorts 10:12 <eminitrader> Exited 1/3 ES Long @ 1364.50 --> + 2.5 10:13 <NihabaAshi> Yesterday gave a good lesson reminder...no matter how far prices can move upwards in the a.m. trading session...the market can dump it all very easily in the p.m. trading session anytime she wants to. <pat255> very true niha ..grab the profits when u can.. 10:14 <NihabaAshi> Yep. <szubaark> nice emini.. yes especially when its going up in a Tight Range channel like yersturday <pat255> man i kick myself yesterday ..forgot about your 740 comment ...@ the office ...sigh 10:17 <eminitrader> thx szu... 10:20 <pat255> yes emini ...nice trade ... 10:21 <eminitrader> thx pat 10:23 holding 2 more <NihabaAshi> I had the 740 as a support but had some doubts until I saw about 5 different good traders talking about the same number...jazz was one of them. 10:25 We got the 1030am EIA Petroleum and Natural GAS Reports. 10:26 We also have a 1pm est FED speech, 2pm Beige Book and Treasury Budget. 10:27 <szubaark> slow, controlled, Buying 10:28 just go Long and check every 20-30 minutes LOL 10:29 <eminitrader> :)) <pdays> #s are out 10:31 <les> Long ER2 @ 753.8 10:38 <NihabaAshi> A non-event so far from the 1030am est key market events... 10:39 If it continues like this by 11am est...I'll be convince there's not going to be a delayed reaction to the 1030am est info. 10:40 ER2 volatility is now declining...expecting a volatility spike here soon. 10:41 <les> Exited 1/3 ER2 Long @ 754.3 --> + 0.5 10:43 <X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) 10:45 <szubaark> nice les <les> exit stop raised ER2 @ 754.2 10:47 Exited Remainder ER2 Long @ 755.6 --> + 1.8 10:50 <szubaark> Real tight range again <pat255> vn les ... <les> thx 10:51 Shorts ER2 @ 755.4 10:52 Covered 1/3 ER2 Short @ 754.9 --> + 0.5 10:59 <pat255> gutsy les ...but well done.. 11:00 <les> exit stop lowered ER2 @ 755.3 11:01 not gutsy, pat.. just a short signal :) <szubaark> Exited all Long NQ at 1712.25 --> - 3.5 11:02 <les> when it come to er2.. <szubaark> :(( <les> i'm dead chicken <szubaark> Shorts NQ @ 1712.25 <NihabaAshi> szu...try the "psychological game" that when you get two back to back big losers... 11:03 <eminitrader> Long ES @ 1364 -> Add <NihabaAshi> You take a fast/quick profit on the next trade if its profitable. <les> exit stop lowered ER2 @ 754.8 BUT - first u gotta get those losers :)) 11:04 <NihabaAshi> So far...over the past few weeks...lots of your trades go your way and when a WRB profit level is reach... Your not taking the profit and holding on to the trade. Most likely the trade to stay in is being strongly influence by the prior trade that was a loser. 11:05 Simply, your trading against the prior trade instead of trading what you see in the market. <szubaark> probobly trying to make up the loser AND MORE but i only end up in deeper hole.. i know my head is screwed up right now because im having lots of losing days 11:06 <les> its the emotion of the losses getting in the way of your judgement stops one seeing what niha is saying about the next trade <NihabaAshi> At least tighten up your initial stop/loss into a +1 tick trailing stop once the trade goes your way. <les> Trailing Stop Hit ER2 @ 754.8 --> + 0.6 <NihabaAshi> Doing such awhile allows the one critical element to re-enter your trading... 11:07 Confidence. <les> i've exactly that trouble last few days took some losses... got freaked out... so i took long breaks, trdaed less till i felt ok today is going better 11:08 <WannaBeBOS> wtg les <les> btw... anyone want a professional view of how to deal with the emotions from losses? comes from Cognitive Behaviour Therapy 11:09 which i do with some clients not my favourite therapy, but works well for this issue <NihabaAshi> Les...your academic/professional background is Psychology or Psycho-Therapy right ??? <les> yes...I'm a Clinical Psychologist,.. and a Family/Couples Therapist 11:10 <pat255> les can u post a char that u follow when u get a moment... <NihabaAshi> Ok...I got the right guy...I just couldn't remember whom in #FuturesTrades had that background. <les> the latter is more important - uses general systems theory as its background yah, me :) <pat255> les can u post a char that u follow when u get a moment... 11:11 a what? char? <pat255> soeey chart .. <les> u want a chart of my trade? 11:12 <WannaBeBOS> lol <pat255> no just a chart u take trades off... <les> k http://www.carlin.karoo.net/Charts/pic.p ng 11:13 <les> ahh! 11:15 <WannaBeBOS> <les> anyone want a professional view of how to deal with the emotions from losses? so go ahead les... <les> u want? k, but i may ahve another sig...will hvata wait 11:16 <WannaBeBOS> ok then <les> Shorts ER2 @ 755 11:17 <les> late entry, will take pt1 sooner it got me first :( 11:19 Covered all ER2 Short @ 755.9 --> - 0.9 <pat255> les u keep .5 stop on er? <les> no <les> i use s/r levesl mainyl 11:20 <les> this one happened to be there ok..heres my take on emotional control.. first, when most folk take a loss they usually check out why.. <les> in case they made a mistake with entry, etc aftre that, more experienced traders leave the issue alone and move on to lokfor the next one but if u get screwed up about it, esp if u take a row of them... the mind starts to churn around... 11:22 <szubaark> yup les <les> lotsa thoughts, often going overe and over and over the mistake/loss <eminitrader> Exited 1/2 ES Long @ 1366.50 --> + 2.5 Sponsor: <les> sounds familiar? <eminitrader> holding 2...avg long 1363 <les> things is, by the time u reach the the churn stage... 11:23 u've usually anaylsed it to death <WannaBeBOS> good point <les> u not gonna squeeze any more wisdom by re[peatedly going thro it in your head sec... i need to pee <NihabaAshi> :) 11:24 <les> thash better so question is, why does the mind do this, if the whole excerrsize is redundant any way 11:25 everyone say out loud" good question, Les" 11:26 ok reason is its trying to find a solution to the emotional struggle,... not the trade problem u go kicking yerself for the mistake, and overanaysing it 11:27 its a way the intellect usees to regain control over the emotions never works [i'll say why later] point is that our intellects very strong... esp us trader people - we're briegt motivated, educated, most of us 11:28 its a tool that has served us well in the past for problem solving so we naturally apply it to the emotional struggles as well 11:29 it doesnt work, not because its the wrong tool for the job.... but because it further embeds the problem in the mind and emotions 11:30 when it does this, it makes the emotional turmoil WORSE 11:31 i cant emphasise that enough why so? because... all ur doing when u repeatedly go over the failure 11:32 is REVISIT the pain of your loss u dont learn anything but that from it does this make sense? feedback pleae <szubaark> but how u going to learn if you font revisit 11:33 dont <les> u should revsist... but not repeatedly <szubaark> les i need to make same mistakes over and over before i learn..same with trading <les> yes, me too 11:34 but <szubaark> especially trading since this is The Toughest Part ive ever done in my life <les> there's a difference between MAKING mistakes in trading, repeatedly <WannaBeBOS> maybe you should revisit AFTER the market closes <les> and going overe them repeatedly in your head <WannaBeBOS> i know what you are saying 11:35 <les> tell me about it szu :) <Chilly> I guess one could practise letting go of past losers by using positive exercises like Niha suggested ... anybody have any more of those tips? <les> its the going overe and over in your head that does the damage...not making firther actuall trading errors <szubaark> les this psychological stuff is important but you still need an EDGE in market to make any money <les> agree 11:36 making tyour edge work is a matter of practise and strategy development making sure your emotions dont get in the way of that is a big factor here in doing that Chilly - i'm coming to the "what to do" aspect 11:37 <Chilly> super, thanks for this info <les> ok, so the dillema here is how to stop the thoughts chrning to no good purpose, and to thereby stop those thoughts reviving the anguish of the loss 11:38 u guys arnt gonna belive me and u gonna think i'm stupid, but on the surface thats true... so here goes.. its simple: STOP THINKING THOSE THOUGHTS 11:39 hehe <szubaark> hehehe <les> easier said than done, i know i'll come back with some tricks for that but consider.. <szubaark> its like how u Stop drinking alcohol? dont take the first drink heheh <les> if u stop having the negative thoughts, then u wont be messing around with a hook that recalls the pain 11:40 right? there some secrets here in how to do this First rule - immediately u find yourself repeating stuff in yur head about the trade, and feeling worse etc, stop, go take 5 11:41 during those 5 mins thnk of something else deliberately put your mind on some unrelated topic or go do something unconnected 11:42 basically - distract your mind from going back to the crap at this level, its kinda common sense here but there's a reason that that distraction methods work 11:43 itsto do with the way attention and memory work here's a rule: whatever u put your attention on in your mind, will grow bigger 11:44 the converse is also true thats why if u distract, the pain etc gets a chance to "die back" as it were if not, all u do is refresh the memory of that pain, which prolongs all that churning 11:45 thats why guys like niha are advising u to put the last trade behind u, ande focus on the next setup that shift of focus is also a distraction from the previoua failure 11:46 oftne tho, it wont work that well if your sense of failure is very strong because altho its a distraction... its still on a topic connected with trading... 11:47 so the mind easily goes back down the trade failure track thats why if its bad, i recommend a shgort break and use some unconnected thoughts or activity there's a alst peice here, but before i do that, any more questions? 11:48 <pat255> ty les ...very useful info... guys c u all later ..back to office ...ty all <szubaark> thanks les.. Ill save this text for later reading <les> cu pat ok 11:49 heres the last bit: probably the most important too and is the reason they pay me a lotta money to do my job :) <pat255> go ahead les ...all ears here.. 11:50 <les> its all very well saying, ok if its tough, just think of something else for a while its commonsense.. a lotta people do that and it works the problem comes when despite trying to think/ do something else, u cant keep the negative "i screwed up and lost a lotta money" thoughts from intruding back in 11:51 sound familiar? doesnt matter what u do, they kep messing with u <pat255> yup... 11:52 <les> and if u attempt to think of other things to distract.... and also try to force yourslef to think of more pleasant stuff u set up more tension in your head, a struggle between those 2 elements 11:53 that just makes it worse so heres what to do <szubaark> les i agree.. trading has done A LOT of damage to me psychologicly as i dont like the feeling when i have losing day and i transfer it to my daily life, which sucks <les> yup i been there first rule... <PapaJon> same here szu <les> dont make a fighht out of it in your head what u do if the neg stuff is very strong and wont let u go elsewhere... 11:54 go with that neg stuff for a little while but retain the intention in your head to get back to the distraction like most phenomena, it's get stronger, then weaker, keep cycling like that 11:55 when it gets a bit weaker, u go staringht back to the pleasant distraction or activity 11:56 so u might find yourslef shuttling between the 2 <pat255> thks a pile les ...very useful info... <les> maybe for a few minutes, and hour or 2 or all day no matter, keep going back to the pleasant stuff reason is... ur embedding a pleasant memory by prqactising going back to it all the time 11:57 <X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) <les> gets easier gradually u learn to shorten the time beteeen feeling bad, and being able to bounce back also - it helps a lot when u get some trading successes 11:58 <pat255> makes a lot of sense.. <les> thats the real turnaround until then the idea is to limit the damage so u can function with a clear head thats about it <NihabaAshi> Les...thanks...greatly appreciated. 11:59 <les> yw.. <pat255> thks again for sharing in the room.. <les> nother signal coming i think <Chilly> good instruction and ideas .. thanks <pat255> very much so.. <les> Shorts ER2 @ 755 12:00 <szubaark> Covered all Short NQ at 1717.75 --> - 5.5 12:01 <les> here's wher i get to put my money where my mouth is :) * szubaark is now known as szubaark_awau <pat255> yep les but stops loss are the best friends we have .. 12:02 <les> hehe profits r my best friends 12:03 <pat255> as long as the losers are small & the winners are big ...in the end game is good true k guys c u all later ..ty all.. 12:04 <eminitrader> very intresting thx les <les> yw 12:05 <eminitrader> my experience guys -- u gotto hit the piont of no return...well amost..what i mean is that u are at a piont where u have no other chice ..but to make it work...once u have reached this phase ..everything will fall in place 12:07 for me it was ...bank balnce worth 3 months living expenses .. it was either make this work or give up this and start looking for a job 12:08 well talk abt jobs ..the best i coukd find was 40% less than what i was making when i quit 5 yrs ago...so the choice was easy.. 12:09 <les> Covered 1/2 ER2 Short @ 754.6 --> + 0.4 <eminitrader> i say end of the day...its the will to make this work...get this first and rest will fall in place.. 12:10 <Chilly> so the pressure made you focus rather than get nervous and take bigger risks? <eminitrader> emotions,pysological stuff, discioline,,getting the right trades in staying out of the mrkt ...the whole enchilada <les> how long were u trading before that crisis point em? 12:11 <eminitrader> yes ...pressure of havoing to take care of my family ...the most prcious possession of mine 12:12 it took me 4 yrs les and since the last eight months i have been avg more than 10K per month...ultimate target is to make atleast double of what i was making ...250K/yr including my bonus and incentives 12:14 know thats quite a ways off..but i atleast want to try ...given the investmeny i hacve made in this proffession...emotionally, finasncially and well thepast 5 yrs of my life 12:15 <les> wanna finish my trade... 12:16 make some more comment in a mo <eminitrader> :) <szubaark_awau> emini thats still my dream that seems so far away at the way im frikin going.. 3 losers in a row today <les> i'm also at 4 yr mark btw 12:17 <szubaark_awau> im 4 years also.. still losing overall <eminitrader> well all isay is - dont give up szu <les> 4 yrs is an important milestone here will explain later <szubaark_awau> just cant seem to turn that corner.. weird <PapaJon> i keep hovering too szu.. 12:18 <eminitrader> i guess u have not yet found ur breaking piont <les> Covered Remainder ER2 Short @ 754.8 --> + 0.2 tired of waiting for this 2 break <PapaJon> psychology is what seems to be in my way <les> anyhow i wanna comment on em's offering emini u went rhou all the crap i dscribed in those 4 years 12:19 i prsume somehow u found a way past the anxieties caused by losses is my guess enough, so that when that tilt point came for u... 12:20 u were able to use it to turn the whoe thing around is that correct? its about where i am now 12:21 for past 6 weeks its still not ok tho 12:22 made some bad mistakes a few days ago and lost a lot hasnt phased me in the least 12:23 still trading ok now, good disipline again today etc, basically when i turned that corner, it was exactly as u described emin it was like making a full final and total commitment to to trade every signal i got and not to waver from that 12:24 <eminitrader> u r prolly right les...but hard to say thats waht it was 12:26 <les> i call it a phase transition 12:27 come from physics eg when water shifts to steam etc <eminitrader> pohase transition defenitely it is <les> szu - u'll know that feeling when it happens... 12:32 its like having total conviction and complete determination to trade as u should NO MATTER WHAT 12:33 its a complete surrendur to the process what interest me here... 12:34 is that u cant plan for it u just have to one day acquire that complete conviction sometimes its some life/financial crisis like eminitrader 12:35 anything can trigger the shift until then the name of the game isLEARN and SURVIVE <eminitrader> but its got to be something big les...for us to sustain 12:36 <les> my offerings above are mostly aimed at helping the survive part how do u mean em? <eminitrader> like for me it was aturning piont in my pahse of life...either this or back to what i was doing 12:37 <les> oic <eminitrader> ie; after hitting what was for me - Rock bottom 12:38 <les> thought u meant that until that happens u have to be motivated even in the face of the failures right, nowehere else to go <eminitrader> actually szu --u wont know when it happens--- or rather u wont realise it ...untill u start seeing ur daily statements and get thea feeling 12:39 <les> um - was gonna comment on the 4-year thing 12:42 i had a guy that mentored me for about 6 months when i first started.. 12:43 he once said to me.. it takes the best part of 4 years before most traders even begin to turn some small reguar profits <eminitrader> turned out true in my case he was certainly right 12:45 <les> well for me... 12:46 its started in Aug/sept... not the best time of the year partly explains my recent lapse got too disappointed for a wile with the losses after making a few mistakes... i mentally returned to my sense of conviction about this... that turning point we talked about 12:47 <eminitrader> and for me it was an uphill affair...had no idea abt trading, never knew what futures were and most of all had no mentor...had to do it from pre-school levels ...thats why i found it so hard to quit <les> ok after that oh boy.. the best traders arnt the educated guys like me <eminitrader> what do u means les 12:48 <les> sec signal here Shorts ER2 @ 756.1 12:49 <eminitrader> third time NQ testing the hod ...its holding the ES <les> lemme finish emini.. 12:52 its a nice story i got about that :) Covered 1/2 ER2 Short @ 755.4 --> + 0.7 12:53 fall dammit, lews wants some bread here 12:54 les i'll start off that story until this develops 12:55 i had a tranee psychologist about 15 yrs ago 12:56 trainee before that he had been a derivatives trader for a london bank floor boy he told me that historically on the London markets... the best traders were the Barrow boys these were kids, mostly poor cockneys from the East End who first made there living in the fruit n veg markets in London 12:57 they were very good at making quick trading decisions, cos of the nature of their work in the veg markets 12:58 the best of them made very good floor dealers no education... just good insticnts for profit i jst hada one o those :) 12:59 Covered Remainder ER2 Short @ 755.8 --> + 0.3 13:00 anyway, em, i thought that story demonstrates my point the emotional instinct stuff is much more important time for a break now 13:01 6pm here... need to regenerate a bit <yo> les what did you see on that 756.1 entry ? <les> a short signal :) 13:02 <yo> yes i know but why? <les> the attempt of the price to reach beyond the HOD failed 13:03 <yo> ok tx <les> yw 13:04 * les is now known as lesAway <X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) 13:09 <mi> 0o 13:40 ]\ <eminitrader> Exited 1/3 ES Long @ 1368 --> + 6 14:12 holding 1 <pdays> nice-emini 14:15 <eminitrader> thx pdays 14:20 <X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) 14:21 * lesAway is now known as les 14:26 <les> Shorts ER2 @ 756.7 15:00 <eminitrader> tough to make money shorting in this mrkt les...mean the ES 15:05 <les> Covered ER2 Short @ 757.5 --> - 0.8 Reverse and Enter Long ER2 @ 757.5 Exited 1/2 ER2 Long @ 758 --> + 0.5 i know em, but a sig is a sig actually mine was a mistake..misread the chart 15:06 <eminitrader> know what u mean <les> i'm reall pissed, so now i want it back :) <substanz> Shorts YM @ 12005 15:14 <les> exit stop raised ER2 @ 758 <szubaark_awau> les, emini nice trading guys.. im just watching as im in no shape to trade right now <eminitrader> understand szu...take it easy for now..we all have bad days 15:15 <les> good avice wow 15:21 <eminitrader> Exited Remainder ES Long @ 1372 --> + 10 15:25 <jperl> ER2 pushing up against VWAP 3rd Standard Deviation <eminitrader> its been a long long time since a tenner <les> doesnt look too kosher from wher i'm stiing either 15:26 Exited Remainder ER2 Long @ 761.1 --> + 3.6 <NihabaAshi> Nice 15:27 <les> that wipes out my earlier losses 15:28 now in the balck a little <eminitrader> good day forme after yest. loss i got in at 1 tick above the low and got out at the highest tick of the day as of now ....new record for me..never happened so far ( if this high is not taken out ) 15:32 <les> i gotta go now <eminitrader> good trading ,,bye les 15:33 <les> if anyone has q's about that psychology stuff earlier, feel free to ask again tomorrow, or pm me <X> #FuturesTrades Info -> Chat room for realtime trade posting by traders of Emini Futures (ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, QQQQ, SPY) <les> but not while i'm in a trade :)) <eminitrader> :) <les> nice one there emini - tenner on es is a great feeling 15:34 done that only once <eminitrader> yep <les> ok, i lie... it was 11.3 hehe <eminitrader> good for you <les> coupla years ago prob a fluke given the messy way i usta trade <eminitrader> couple of yrs ago...i would have run with 3 or 4 pts 15:35 <les> cya all tomorrow <eminitrader> bye <substanz> Covered all YM Short @ 12004 --> + 1 15:53 <NihabaAshi> Had the Dow set its record today...this would be one impressive trend day. 15:56 Still a ton of reluctant swing shorts out there. 15:57 <eminitrader> Now that would be asking for too much niha <NihabaAshi> They won't be shaken out unless we have back to back (two consecutive) trend days upwards. <eminitrader> 1364 would have wiped out a large %age of them ..at least on the ES 15:58 <yo> gn all 16:11 <NihabaAshi> Take care all...it was a creeper uptrend that developed into a trend day in the afternoon. 16:26 * NihabaAshi is now known as NihabaAshi_away <NihabaAshi_away> By the way...no trades for me today. 16:28 * DisconnectedSession Close: Thu Oct 12 16:30:15 2006 16:30 Sponsor:
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