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<@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
http://www.thestrategylab.com/FuturesTradesChatRoom.htm
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| Session Start: Fri Oct 31 08:57:03 2008Session Ident: #futurestrades |
* Now | talking in #futurestrades | 08:57 |
<@X> | [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm |
<rickf> | gm | 09:07 |
<@X> | #FuturesTrades Info -> Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades. | 09:16 |
<PapaJon> | gm all | 09:18 |
<+rickf> | hea | 09:20 |
| heya |
<futurible> | GM ALL | 09:24 |
<drt> | gm everyone | 09:27 |
<trader0101> | gm | 09:30 |
<Nesi> | Shorts ES @ 950.00 «« paper »» |
<ItalianSharp> | morning all | 09:31 |
<werner> | gm IS ,all |
<+rickf> | gm |
<TraderG> | gm every 1 | 09:32 |
<+werner> | hi rickf | 09:33 |
| gm t |
<T-stop> | gm all | 09:36 |
<silo> | Shorts YM @ 9125 | 09:40 |
<+silo> | 1 |
<+trader0101> | Shorts ES @ 947.75 «« paper »» |
| Covered all ES Short @ 949.75 --> - 2 «« paper »» | 09:41 |
<+silo> | Shorts YM @ 9130 -> Add |
| Covered 1/2 YM Short @ 9145 --> - 15 | 09:42 |
<+trader0101> | Shorts ES @ 945.50 «« paper »» | 09:43 |
<+ItalianSharp> | spike from hell |
<szubaark> | Shorts ES @ 945.50 «« paper »» |
<+ItalianSharp> | report must have leaked out early | 09:44 |
<+trader0101> | Covered all ES Short @ 947 --> - 1.5 «« paper »» |
| whats with the markets today |
<+silo> | Covered all YM Short @ 9096 --> + 29 | 09:45 |
<+trader0101> | Shorts ES @ 944 «« paper »» | 09:46 |
<+silo> | range day. have to be fast |
| 9095 is support |
<+szubaark> | Covered all Short ES at 945.50 --> 0 «« paper »» | 09:48 |
| im gonna watch this a little longer, if Price Action doesnt improve Ill do something else |
<+trader0101> | Covered all ES Short @ 947 --> - 3 «« paper »» | 09:51 |
| out of here |
<+silo> | Shorts YM @ 9128 | 09:52 |
| 1 |
<+trader0101> | Long ER2 @ 506.2 «« paper »» | 09:53 |
<+silo> | Shorts YM @ 9124 -> Add | 09:55 |
<+trader0101> | exit stop moved to breakeven (+1 tick) ER2 @ 506.3 «« paper »» | 09:56 |
<+silo> | Covered all YM Short @ 9105 --> + 42 |
| have to be fast today ... still range bound... and 9095 is support | 09:57 |
<+trader0101> | exit stop raised ER2 @ 507.2 «« paper »» | 09:59 |
| exit stop raised ER2 @ 508.2 «« paper »» | 10:00 |
| exit stop raised ER2 @ 509.2 «« paper »» | 10:01 |
| exit stop raised ER2 @ 510.0 «« paper »» | 10:02 |
<+Nesi> | Covered ES Short @ 952.00 --> - 2 «« paper »» |
| Reverse and Enter Long ES @ 952.00 «« paper »» |
<+trader0101> | exit stop raised ER2 @ 511.2 «« paper »» |
| Exited all ER2 Long @ 511 --> + 4.8 «« paper »» | 10:03 |
<+Nesi> | Exited ES Long @ 953.00 --> + 1 «« paper »» | 10:04 |
| Reverse and Enter Short ES @ 953.00 «« paper »» |
| Shorts ES @ 952.00 -> Add «« paper »» | 10:06 |
<+rickf> | wow first person to trade the ER2 in a while | 10:07 |
<+trader0101> | well es is so erratic that er2/tf looks tame by comparison | 10:10 |
| what do you trade rick? |
<+rickf> | es normally | 10:11 |
| dax on paper but not for a while |
| might move to ym or nq at some point for variety |
<+trader0101> | have you tried the DJ stoxx? |
<+rickf> | no |
<+trader0101> | DAX was much better today |
| es on the other hand is far from normal |
<+rickf> | DJ stoxx or eurostox 50? | 10:12 |
<+trader0101> | on ninja/zenfire its called FESX |
<+rickf> | eurostix 50 |
<+trader0101> | i assumed dj stoxx, ok thx - as long as you can trade the intrsument. The name does help at times ;) | 10:13 |
<+rickf> | looks quieter |
<+trader0101> | all the traders went voting - something different to do i guess | 10:14 |
<+rickf> | less volume tho ... will watch it | 10:15 |
<+trader0101> | and i will quit and do something worthwhile like watch paint dry |
<+rickf> | lol |
| 1 tick = 10 euro = 12,.73 | 10:16 |
| comprable to ES moves |
<+Nesi> | Shorts ES @ 955.00 -> Add «« paper »» | 10:24 |
<futurible> | Shorts ES @ 9160 «« paper »» | 10:35 |
<+futurible> | error |
<+rickf> | weird day |
<+futurible> | Shorts YM @ 9160 «« paper »» | 10:36 |
<+trader0101> | Shorts ES @ 952 «« paper »» | 10:37 |
| Covered all ES Short @ 952 --> 0 «« paper »» | 10:38 |
<+futurible> | Covered 1/3 YM Short @ 9130 --> + 30 «« paper »» | 10:46 |
| Covered 1/3 YM Short @ 9140 --> + 20 «« paper »» | 10:49 |
| exit stop moved to breakeven YM @ 9160 «« paper »» | 10:51 |
| Covered Remainder YM Short @ 9155 --> + 5 «« paper »» | 10:53 |
<+rickf> | taking a long break ... gym, errands, lunch. back later | 10:54 |
<+trader0101> | Long ES @ 951.25 «« paper »» | 10:56 |
<+futurible> | Shorts YM @ 9165 «« paper »» | 10:57 |
<+silo> | Shorts YM @ 9158 |
| 2 |
<+trader0101> | Exited all ES Long @ 960 --> + 8.75 «« paper »» | 10:58 |
| oops |
| Exited all ES Long @ 950 --> - 1.25 «« paper »» |
<+futurible> | Covered all YM Short @ 9160 --> + 5 «« paper »» | 10:59 |
| Long YM @ 9170 «« paper »» | 11:00 |
<+silo> | Covered all YM Short @ 9170 --> - 12 | 11:01 |
<+futurible> | Exited 1/2 YM Long @ 9180 --> + 10 «« paper »» |
| Exited Remainder YM Long @ 9170 --> 0 «« paper »» | 11:03 |
<@X> | #FuturesTrades Info -> Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades. | 11:22 |
<MK> | Shorts ES @ 963.5 «« paper »» | 11:31 |
<+MK> | Shorts ES @ 964.5 -> Add «« paper »» | 11:41 |
| Shorts ES @ 965.5 -> Add «« paper »» |
| Covered all ES Short @ 958.5 --> + 12 «« paper »» | 12:15 |
* codehead_afk | is now known as codehead | 12:17 |
<futurible> | Long YM @ 9205 «« paper »» | 12:27 |
<+futurible> | Exited 1/3 YM Long @ 9225 --> + 20 «« paper »» | 12:28 |
<+silo> | Long YM @ 9031 |
| Exited all YM Long @ 9220 --> + 189 | 12:30 |
| weird |
| out 9220 |
| -11 |
| Shorts YM @ 9209 | 12:31 |
| 2 |
<+futurible> | Exited Remainder YM Long @ 9205 --> 0 «« paper »» |
| Shorts YM @ 9200 «« paper »» |
| Covered 1/3 YM Short @ 9190 --> + 10 «« paper »» | 12:34 |
| Covered Remainder YM Short @ 9200 --> 0 «« paper »» | 12:35 |
| Shorts YM @ 9190 «« paper »» | 12:36 |
| Covered all YM Short @ 9208 --> - 18 «« paper »» | 12:40 |
<+silo> | Covered YM Short @ 9210 --> - 1 |
| Reverse and Enter Long YM @ 9210 |
| Exited all YM Long @ 9211 --> + 1 | 12:42 |
<+futurible> | Long YM @ 9215 «« paper »» | 12:44 |
| Exited all YM Long @ 9195 --> - 20 «« paper »» | 12:46 |
<+MK> | Shorts ES @ 963 «« paper »» | 13:03 |
| Shorts ES @ 965 -> Add «« paper »» | 13:07 |
| Shorts ES @ 966.25 -> Add «« paper »» | 13:17 |
| Shorts ES @ 968 -> Add «« paper »» | 13:20 |
| looking for some retrace at 971 | 13:21 |
| Shorts ES @ 969.5 -> Add «« paper »» |
| Shorts ES @ 972.75 -> Add «« paper »» | 13:23 |
| Shorts ES @ 975.75 -> Add «« paper »» | 13:24 |
<silo> | picking top son |
<+silo> | soon |
| get ready |
<+codehead> | nice breakout of the big bullish wedge on the 120 min chart YM |
<+silo> | Shorts YM @ 9340 | 13:25 |
| one |
<+MK> | still strong - will sell all the way to 990 |
<+silo> | Shorts YM @ 9337 -> Add |
<@X> | #FuturesTrades Info -> Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades. |
<+silo> | Covered 1/2 YM Short @ 9315 --> + 22 | 13:27 |
| Covered Remainder YM Short @ 9321 --> + 19 |
| top picked | 13:28 |
<+MK> | Shorts ES @ 978.25 -> Add «« paper »» | 13:33 |
| Shorts ES @ 979 -> Add «« paper »» | 13:34 |
<pdays> | Shorts ES @ 975.5 | 13:44 |
<+codehead> | possible pb target 9284 | 13:45 |
| is it can dip under last low | 13:46 |
| hm, 9284 because it's same pb as the earlier move before it--however, it's also exactly .500 retracement | 13:52 |
| so if it gets there, it's likely reverse |
| hm, also the earlier top (9285) | 13:54 |
<+pdays> | Covered all ES Short @ 973.0 --> + 2.5 | 13:55 |
<+silo> | Long YM @ 9340 | 13:56 |
| 2 |
<+T-stop> | bernanke on | 14:04 |
<+ItalianSharp> | we should rise higher from here |
<+T-stop> | feels that way |
<+ItalianSharp> | i cant see eminis dropping hard right now...need anotehr spike up first...but who knows, anything can happen |
| YM needs to clear 360 to have a chance at new highs | 14:05 |
| here it is | 14:07 |
| we should see new highs |
| especially ES is very bullish |
<+silo> | Exited all YM Long @ 9375 --> + 35 | 14:08 |
<+ItalianSharp> | silo, that was a safe area to exit | 14:09 |
| bewcause we could retrace a few pts before new highs are made - if they are made - |
<+silo> | yeah |
| i thought so too |
| :) |
<+ItalianSharp> | basically...either you were willing to go thru 20pt retracement...or get out |
| that's the price to pay for bigger profits | 14:10 |
<intowin> | strage we didnt back test some of that +900 move yet |
<+ItalianSharp> | and usually, when i find myself in the spot, i hate it |
| :) |
<+silo> | either give back profits and let it go to 0 or negative... or hold for 60-100 pts winner |
<@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
http://www.thestrategylab.com/FuturesTradesChatRoom.htm
|
|
<+ItalianSharp> | we should see new highs |
| yes...no pain no gain |
| <intowin> strage we didnt back test some of that +900 move yet | 14:11 |
| we will, dont worry about that |
| and it'll be very soon IMO |
| maybe next week |
<+intowin> | hope so I am only playing long these days and exited yesterday | 14:12 |
<+silo> | Shorts YM @ 9371 |
| 2 |
<+ItalianSharp> | i didn't expect today to be another up day...i too was expecting a test of that huge rally from tuesday |
| however...i changed my mind quickly as soon as i saw no big sellers | 14:13 |
| sellers must be somewhere higher |
| heck...if it aint going down, sellers arent interested at these levels |
| we'll know when sellers step in |
| they make a lot of noise |
| := |
| :) |
| big sellers likely lie between 980-990 for ES | 14:15 |
<+silo> | Covered all YM Short @ 9326 --> + 45 | 14:16 |
<+ItalianSharp> | this was some selling...for time i see some sellers since 1230 | 14:17 |
| first time |
<+silo> | daily profit target reached | 14:19 |
<+rickf> | back |
<+ItalianSharp> | it's late friday, it's been an up week...and we are dropping...panic selling into the close? | 14:21 |
<+intowin> | hope so | 14:22 |
<+ItalianSharp> | i am not sure there are many bulls willing to take positions into the weekend |
<+intowin> | missed profits are as bad ass losses for me |
<+rickf> | sheesh didnt miss much of anything |
<+intowin> | A |
<+rickf> | owell :) |
<+intowin> | sorry as |
<+ItalianSharp> | we could still rebound hard | 14:24 |
| weird things have been happening lately |
<+intowin> | they have more balls than me | 14:25 |
<+codehead> | big oil reversal | 14:26 |
| green |
| steep pop | 14:27 |
<+ItalianSharp> | the thing about price action right now is this: |
| we've build some decent support today |
| so far |
| however, this last down move no longer looks like a retracement |
| it had some good selling in it |
| i wouldnt be surprised to see chop thru the close | 14:28 |
<+codehead> | crude rocking | 14:29 |
<+silo> | Shorts YM @ 9334 |
| 1 |
| Shorts YM @ 9329 -> Add | 14:31 |
<+ItalianSharp> | this is exactly what i meant...we are stuck between support and resistance | 14:33 |
<+rickf> | lol - blogger @ TSCM on volatility: |
| "You know it's a market out of whack when CNBC reports that futures down 90 are off their worst levels and you actually wonder if they meant the Dow or the S&P." --brianc400 |
<+ItalianSharp> | 50pt range for YM right now |
| silo you still short? | 14:35 |
| this thing could still make new highs...it's anyone's game right now |
<+silo> | Covered all YM Short @ 9355 --> - 47 | 14:36 |
| :\ |
| looked so pretty before too | 14:37 |
<+ItalianSharp> | yep |
<+silo> | wanted to let it ride a little bit more |
<+ItalianSharp> | one minute later it looked ugly |
<+rickf> | 980.50 ES HOD |
<+ItalianSharp> | tough area to trade |
| stuck between two poles |
| lots of fighting until new highs are made or we break down hard |
<+silo> | Long YM @ 9360 | 14:44 |
| 1 |
<+ItalianSharp> | big resistance here silo, be careful |
<+silo> | yeahi know | 14:45 |
| one only |
| scaling in if we break out |
<+ItalianSharp> | you will know soon |
<+silo> | we also had big support down there... so tough to see which way it's oging :( |
<+ItalianSharp> | key areas usually let you know soon |
| big support down there, right | 14:46 |
| not here |
| :) |
| this is bears territory for now...you are in the forest with the bears...watch out |
| :) |
<+codehead> | woah, Ym weekly: 9396 hod is exactly .382 retracement of last down leg | 14:47 |
| 11853-7878 | 14:48 |
<+ItalianSharp> | fibonacci must be getting wet in his grave |
| :) |
<+silo> | Exited YM Long @ 9340 --> - 20 |
| Reverse and Enter Short YM @ 9340 |
| one only |
<+ItalianSharp> | now buyers step in | 14:49 |
| brutal area to trade |
| glad i am done |
<+silo> | Shorts YM @ 9329 -> Add |
| Covered 1/2 YM Short @ 9350 --> - 21 | 14:51 |
| still trapped in a triangle |
| just dom something already lol |
| Covered Remainder YM Short @ 9360 --> - 20 | 14:52 |
<+ItalianSharp> | silo, tough area...easy to get caught on the wrong side of things there |
| the key is to spot those area before entering a trade | 14:53 |
| or else, you'll get chopped up to death |
| easier said than done |
<+silo> | haha yeah |
| it's ok... i'm still positive by a little |
| i needed to place at least 10 trades with my TS | 14:54 |
| so i dont have to pay for the platform fee |
<+ItalianSharp> | true, but it always sucks to lose money without the market going anywhere |
<+rickf> | 10 trades perday or per month? |
<+ItalianSharp> | month |
<+rickf> | oh |
<+silo> | per month |
<+rickf> | you got nothing to worry about silo :) | 14:55 |
<+MK> | es prob go to 990 |
<+ItalianSharp> | for 10 per day i would want escort service once every two weeks on top of the platform fee |
| :) |
<+rickf> | lol |
<+ItalianSharp> | this is good buying | 14:59 |
| steady buying at every dip |
| we should move higher |
| that selling wave that showed up around 1400 was quickly matched by a new buying wave |
| hence...those sellers will likely give up if we make new highs | 15:00 |
| one of my prior comments stated that potential real sellers lie between 980 and 990 for ES | 15:01 |
| let's see what happens now |
| should get interesting |
<+MK> | emd gave a slight clue to this upside | 15:03 |
<+ItalianSharp> | MK, what was the clue? |
<+MK> | Shorts ES @ 982.75 -> Add «« paper »» | 15:04 |
<+ItalianSharp> | ohoh...NQ just filled in an opening gap from a few days ago |
| i totally missed that clue | 15:05 |
<+MK> | on the 15 min it had broken the top while es was testing it |
<+ItalianSharp> | MK, why did you go short? | 15:06 |
| nice short by the way |
<+MK> | because i said earlier that i was going to sell all the way to 990 | 15:07 |
<+ItalianSharp> | sorry, didnt read your comments |
<palmer> | i think we can goto 1045 |
<+ItalianSharp> | yes, 980-990 is a resistance range for ES |
<+palmer> | befre we start selling off again |
<+ItalianSharp> | palmer, of course we can....but i think we visit 860ish first | 15:08 |
<+MK> | Monday I think will be big selloff |
<+palmer> | well i was think 1045 area before 850 |
<+ItalianSharp> | i think 860ish and than that area you mentioned |
<+palmer> | think next week early will be bullshit |
<+ItalianSharp> | rallies look a bit exhausted |
<+palmer> | and set up shorts |
<+ItalianSharp> | by the way, what kind of impact do US elections have on daytrading? | 15:09 |
| I never daytraded during US elections |
| no experience with that |
| do markets get more volatile? |
<+palmer> | i bet no volume monday and tuesday |
<+ItalianSharp> | or is it already discounted that Obama will be next President? |
<+palmer> | i hope we move higher those 2 days |
<breakout> | tues night v as result come in |
<+breakout> | can b equiv of bomb go off | 15:10 |
| then pos reverse |
<+rickf> | wed will either be totally wild or quiet as everyone is hungover or sleeping in |
| some sectors may show strength tho |
<+palmer> | pretty bullshit day actually | 15:11 |
| higher highs all day |
<+ItalianSharp> | november 4th right? |
<+palmer> | the bought all the pullbacks |
<+breakout> | y | 15:12 |
<+ItalianSharp> | tuesday...i hate that...it's in the middle of the week |
| the following week we also have veteran's day |
| then thanksgiving |
| busy november with holidays and elections |
| 1hr to the close and we could still end up largely in the red | 15:14 |
| never take anything for granted with this market |
| sometimes i go take a piss and when i come back things look completely different | 15:15 |
<+MK> | yeah like two days ago last 30 min huge selloff |
<+ItalianSharp> | need to speed up our thinking process and change-of-bias process |
| markets move quickly so should our minds |
<+rickf> | yes - absolute neurotic market. i've been eyeing bullish setups, blinked, and sudenly seen a compelete reversal | 15:16 |
<+ItalianSharp> | yep...lots of traders - including myself when i am mentally slow - get caught off guard by these sudden changes of direction |
| also... | 15:17 |
| volatility picked up big time since 1330 |
| which is an indication of more participants being interested at those price levels |
<+rickf> | here we go.... | 15:19 |
<+MK> | Covered all ES Short @ 967.25 --> + 11.25 «« paper »» | 15:20 |
<Nesi> | nice |
<+rickf> | vn |
<+ItalianSharp> | isnt it amazing? it took bulls 2 hrs to build that price rise...and it took bears 20mins to erase it | 15:21 |
| :) |
<+Nesi> | feat stronger than greed :) |
<futurible> | Shorts YM @ 9260 «« paper »» | 15:41 |
<+futurible> | Covered 1/3 YM Short @ 9240 --> + 20 «« paper »» | 15:42 |
| Covered Remainder YM Short @ 9255 --> + 5 «« paper »» |
<+rickf> | ok guys have a good weekend - see you next week | 15:45 |
<Austin-lunch> | I think i just witnessed a miracle, price was so volatile that it went two directions at the same time. | 15:47 |
<+werner> | good wk all and see you all next week | 15:53 |
<breakout> | hi | 15:54 |
<+ItalianSharp> | For the first time in a long while - since 7/18/08 - eminis have a decent bullish week | 16:12 |
| this week could set a temporary bottom for another few weeks |
| dow 10K might be reached...let's see what happens next | 16:13 |
| good weekend all |
<@X>
| #FuturesTrades Info ->
Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.ph p?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades.
Session Close: Sat Nov 01 00:00:00 2008 | 23:49 |
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Trading
Strategies ->
Strategies
used by NihabaAshi, from entry to exit, exploit inefficiencies in the price action
for profits of the following trading instruments via WRB Analysis and
Intermarket Analysis: Emini
Index Futures (EMD, 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),
COMEX Metals Futures (GC), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA,
GLD, OIH, IWM, QQQQ, SPY, XLE) and
Hang Seng Index Futures (HSI)
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