Session Start: Fri Nov 04 09:33:59 2005Session Ident: #futurestrades
* Now talking in #futurestrades09:33
<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab
<danshirley> "The market has had very good money flows coming in," said Paul Mendelsohn, chief investment strategist at Windham Financial Services. "People want to be long this market because of the seasonal history coming into the end of the year and that this seems to be overriding the data."09:34

:)
<eminitrader>  Long ES @ 1224.25 09:38
<TLTrader>  Shorts YM @ 10547 -> small size 09:41
<jperl>  Shorts ER2 @ 660.90
<danshirley> nothing on my calendar at 1009:44
<jperl>  exit stop moved to breakeven ER2 @ 660.80
<eminitrader>  Long ES @ 1223.25 -> Add
<TLTrader>  exit stop set YM @ 10549 09:45
Covered all YM Short @ 10542 --> + 5 09:46
<jperl>  Covered ER2 Short @ 659.40 --> + 1.5
<danshirley>  Shorts YM @ 10545 «« paper »» 09:50
Covered 1/2 YM Short @ 10538 --> + 7 «« paper »» 09:54
<mispe>  Shorts YM @ 10554 10:00
<eminitrader>  Exited 1/2 ES Long @ 1214.75 --> - 8.5 10:04
<mispe>  Covered all YM Short @ 10557 --> - 3
<NihabaAshi>  Long ER2 @ 661.90 -> small size
<eminitrader> oops 1214.7510:05
<NihabaAshi> I did a big ooops at 661.50 :( via missing my entry...
<eminitrader>  Exited Remainder ES Long @ 1225.25 --> + 1
<jbraswell>  Shorts ES @ 1223.75
<NihabaAshi> Three trading days in a roll I've been chasing my trade signals after the fact :(10:06

 Exited ER2 Long @ 660.50 --> - 1.4 10:09

 Reverse and Enter Short ER2 @ 660.50

Shorts ER2 @ 660.50 -> Add 10:10
<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.10:12
<jbraswell>  Covered 1/2 ES Short @ 1222 --> + 1.75 10:18
<NihabaAshi>  Covered 1/2 ER2 Short @ 658.90 --> + 1.6 10:19
<jbraswell>  Shorts ER2 @ 660.50

Covered all ER2 Short @ 659.10 --> + 1.4
<NihabaAshi>  exit stop lowered ER2 @ 660.30 10:20
<danshirley>  Covered Remainder YM Short @ 10531 --> + 14 «« paper »» 10:22
<jbraswell>  Covered Remainder ES Short @ 1221.00 --> - 560.5 10:23
whoops
<NihabaAshi>  exit stop lowered ER2 @ 659.90
<jbraswell>  Shorts ES @ 1223.75
Covered 1/2 ES Short @ 1222.00 --> + 1.75
Covered Remainder ES Short @ 1221.00 --> + 2.75
<pdays>  Shorts ER2 @ 659.3 «« paper »» 10:24
<NihabaAshi> EuroFX took a dive after 9am est.10:28
Trailing Stop Hit ER2 @ 659.90 --> + 0.6 10:29
<pdays>  Covered all ER2 Short @ 659.2 --> + 0.1 «« paper »» 10:34
<NihabaAshi>  Shorts ER2 @ 658.70 -> large size 10:35
Covered 1/2 ER2 Short @ 658.00 --> + 0.7 10:39
exit stop lowered ER2 @ 658.50 10:40
Be back in about 15mins...gonna lay down for awhile due to a massive headache...
Will post late trade if my trailing stop is hit.10:41
* NihabaAshi is now known as NihabaAshi_away
<jperl>  Long ER2 @ 656.10 10:49
<NihabaAshi_away>  Covered ER2 Short @ 655.90 --> + 2.8 10:50

Holding 1 contract only now.

Be back later.
<WannaBeBOS> very nice
<NihabaAshi_away> correcting post...

 Covered Remainder ER2 Short @ 655.90 --> + 2.8 10:51

Covered remainder by accident :(

I think I'm done for the day unless my headache goes away.10:52

Bye.
<jbraswell> good luck10:55
<WannaBeBOS> headaches suck10:56
<jperl>  exit stop moved to breakeven ER2 @ 656.20 11:00
Exited ER2 Long @ 657.40 --> + 1.3 11:01
<Captn> wd jp
<jperl> tx11:02
those of you interested to see what a 2-pt range bar chart...11:05
looks like for ER2, click on my chart below...
http://www.charts.dacharts.com/2005-11-0 4/JPERL_011.png
Each bar is exactly 2 points in hight,...11:06
the green bars indicate an up close from the open...
red bars indicate a down close from the open
yesterday we had 17 such bars....
today so far we have had 9 2-pt bars11:07
<WannaBeBOS> hm
<jperl> On slow day, there maybe only 5 or 6 bars11:08
<Captn> it is an interesting chart..11:09

tradestation doesn't have that capability, are you using ensign?11:12
<jperl> Yes...I use Ensign11:13
I don't know any other software that has this
<Captn> maybe sierra?
<jperl> don't know
<Captn> tx for that, going to check in to it..11:14
<jperl> sure...11:15
I use this chart to determine my next entry, targets and stops
<Captn> any particular rule jp?11:17

for entry11:18
<jperl> well...
entry direction has to be decided first...11:19
I usually make that decision based on the VWAP chart
so once i've decided my bias for the next 2-point range...
I then wait for what I think is a good entry point based on price relative to the VWAP chart11:20
<Captn> do you have an example of your vwap chart?11:21
<jperl> sure...just a sec
<Captn> k, tx
<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.
<jperl> here is todays ER2 VWAP chart with 1st and 2nd STdDEv11:23

http://www.charts.dacharts.com/2005-11-0 4/JPERL_012.png

You will note that at the moment we are just touching the -1st Stdev11:24
<Captn> so what generates the indicators?11:26
<jperl> what do you mean?
<Captn> is there something i can read on this?11:27
new to vwap
<mispe> What means : VWAP chart ?
<jperl> oh ok
VWAP stands for Volume Weighted Average Price...
<mispe> ok thks
<jperl> Important to not that VWAP is NOT a moving average11:28
so it will look the same on all charts regardless of time scale
As a general rule...if price is below VWAP trend is down for the day....11:29
If price above, trend is up for the day
<Captn> so the cyan the center or neutral11:31
<jperl> correct
<Captn> interesting, thanks for that11:32
<jperl> I am usually biased short when price below VWAP...
<mispe> What is your data feed for Ensign ?11:33
<jperl> doesn't mean I won't take a long, but woul be more carefull in...
trade management
My data feed is IB
<jbraswell>  Shorts ER2 @ 657 -> small size
<mispe> As I am...11:34
<jbraswell>  Covered all ER2 Short @ 656.10 --> + 0.9 11:39
<danshirley> Europe closed down about .2%11:53
<Captn>  Shorts ES @ 1220.25 12:30

see if i can keep awake thru this one
<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.12:33
<Captn>  Covered 1/2 ES Short @ 1219.50 --> + 0.75 12:46

 Covered all ES Short @ 1220.25 --> 0 12:50
<TLTrader>  Shorts YM @ 10502 -> small size 13:45
<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.
<TLTrader>  Covered all YM Short @ 10496 --> + 6 14:03
<Captn>  Shorts ES @ 1221.00 14:26
<codehead> QM at lows, see if indices dip and move up after qm close14:27
QM closed14:30
<Captn>  Covered all ES Short @ 1219.25 --> + 1.75 14:39
<jperl>  Shorts ER2 @ 656.50 14:40
<jbraswell>  Shorts ER2 @ 657.50 14:44

 Covered all ER2 Short @ 656.40 --> + 1.1
<jperl>  Covered ER2 Short @ 655.40 --> + 1.1 14:45
<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.14:57
<jperl>  Long ER2 @ 656.30 15:11
exit stop moved to breakeven ER2 @ 656.40 15:13
was not to be15:14
Exited ER2 Long @ 656.40 --> + 0.1 15:15
<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.16:09
<NihabaAshi_away> Hope today was profitable for all.16:19
I took it easy the afternoon and just did some house work to get the house ready for the winter (got a snow storm right now).16:20
Take care and have a good weekend.
<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.17:21
* DisconnectedSession Close: Fri Nov 04 19:42:12 200517:30