Session Start: Fri Nov 11 00:00:00 2005Session Ident: #futurestrades
<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.00:19
* Disconnected 00:46
* Attempting to rejoin channel #futurestradesSession Close: Fri Nov 11 02:44:59 200502:44
 Session Start: Fri Nov 11 09:31:55 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
<danshirley> ..09:32
<szubaark_> ...
<danshirley> europe is up but looks like it might close the gap09:33

no numbers today
<NihabaAshi>  Long ER2 @ 667.90 -> small size 09:39
<szubaark_>  Long YM @ 10671 09:40
<danshirley> DELL reported yesterday and has gapped up today
<NihabaAshi>  Exited ER2 Long @ 667.40 --> - 0.5 09:43

 Reverse and Enter Short ER2 @ 667.40
<eminitrader>  Long ES @ 1234 09:44
<pat255> it is going to be tricky today...low vol sob gonna jerk around ..09:45
<NihabaAshi>  Covered ER2 Short @ 668.00 --> - 0.6
Reverse and Enter Long ER2 @ 668.00
Added contracts to that reversal because I still have a bullish bias until Nov 14th.09:46
<szubaark_> NQ looking strong
<eminitrader>  Exited ES Long @ 1234.25 --> + 0.25 09:47
Reverse and Enter Short ES @ 1234.25
<NihabaAshi>  Long ER2 @ 667.10 -> Add 09:49
<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> Dow Industrial trying hard to setup a bearish pattern I do not like while in a Long position.09:52
<eminitrader>  Covered ES Short @ 1233.75 --> + 0.5 09:54
Reverse and Enter Long ES @ 1233.75
<NihabaAshi> Pattern busted (didn't form)...lets see if ER2 can retrace back upwards now.
<eminitrader>  Exited all ES Long @ 1233.75 --> 0 09:55
<NihabaAshi> Bond market closed today and its Veterans Day :(
<szubaark_> YM trying to bust thru yersturday's High09:56
<NihabaAshi> ER2 over-reacting to and price decline in YM and barely moving upwards on any price rise in YM.09:58

Not good.
<jperl> er2 oscillating about VWAP 667.10
<szubaark_> NQ popping upside
<NihabaAshi> Simply...I'm in the wrong trading instrument :(09:59
<szubaark_> yes YM would be better choice
<NihabaAshi>  Exited ER2 Long @ 666.50 --> - 1.5 10:00
Reverse and Enter Short ER2 @ 666.50
Shorts ER2 @ 666.10 -> Add 10:01
Loaded up on ER2 to compensate for the Long position losses.
<jperl> 1st StdDEv 665.6010:02
<szubaark_>  Exited all YM Long @ 10671 --> 0 10:05
<NihabaAshi> Geesh...talk about an over-reaction in ER2 :)
<pdays>  Shorts ER2 @ 666.5 «« paper »»
Covered all ER2 Short @ 665.2 --> + 1.3 «« paper »» 10:06
<NihabaAshi>  Covered 1/3 ER2 Short @ 664.80 --> + 1.3
<pat255> nice niha...10:07
<szubaark_>  Shorts YM @ 10672 10:09
<NihabaAshi>  Covered all ER2 Short @ 665.50 --> + 1 10:12
Shorts ER2 @ 665.00 -> large size
<danshirley>  Shorts YM @ 10669 «« paper »» 10:13
<jperl> ER2 -2nd STdDEv @ 664.50....
we've bounced off it twice
ER2 testing -1st STdDev@ 665.4010:17
<eminitrader> taking the day off..have a good one all10:19
<mispe> bye10:20
<pat255> might as well...emini tricky
<NihabaAshi>  Shorts ER2 @ 666.20 -> Add 10:26
<jperl> testing VWAP 666.3010:27
<NihabaAshi>  Covered all ER2 Short @ 667.10 --> - 3 10:30
<jperl> testing 1st STdDev 667.2010:31
<NihabaAshi> Shook me out...very easily :(
<szubaark_> No followthru10:32
<NihabaAshi> There's follow-through...just in the opposite direction after the trade entry :)10:33
<szubaark_> YM creeping higher in a Tight 10 point range.. im not gonna trade this10:36
<danshirley>  Covered all YM Short @ 10671 --> - 2 «« paper »» 10:41
waste of time..see ya later
* danshirley is now known as danaway10:42
<szubaark_>  Covered all YM Short @ 10676 --> - 4 10:54
got better things to do then watch this crap.
<NihabaAshi> I picked a bad day to be negative for the day (No bond market, veterans day and no key econ reports = No volatility.10:56
<pat255> yup no volatility at all Niha justwaste of time & efforts here
<NihabaAshi> Going to go into "reduce my loss" mode instead of trading to finish the day profitable.

However, market is in a position for my bread-n-butter signal to appear...10:58

Will be patient.10:59
<pat255> today i sthe day for extreme patience let us c what happens after the 11am silence
<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.11:01
<jperl> The ER2 VWAP bands are very tight today...11:08
<jbraswell>  Shorts ER2 @ 666.80
<jperl> bands are as follows...
664.60,665.50,666.40,667.30,668.2011:09
less than 1 pt trading range between each
<jbraswell> thanks, j11:12
<jperl> your short at 666.80 has to get through the VWAP @ 666.4011:13
<NihabaAshi>  Long ER2 @ 667.40 -> small size
<jbraswell> not lookin' good for me now11:14
<jperl> and Niha's long has to break through the 2nd STdDev at 668.20
<jbraswell>  Covered all ER2 Short @ 667.90 --> - 1.1
<NihabaAshi>  Long ER2 @ 668.10 -> Add 11:15
<jperl> +2nd STdDEv held on the first attempt through11:16
<NihabaAshi> Come on small volatility...don't dry up on me.

:(11:17
<jbraswell> i was a little early on my short, it appears
will wait for another entry trigger
<jperl> touching 1st dev now

bounced off once11:18

touching 1st dev again

down we go11:19

see how easy it is...lol
<pat255> jper that is the BB std dev? & what settings on the band pl11:20
<jperl> no not bollinger

VWAP bands
<jbraswell> yes, jperl. you keep tempting me to call CQG and ask for this
<pat255> ah ha k...thk11:21
<NihabaAshi> jb...CQG does add-ons per indicator ???
<jbraswell> they are pretty good about it, sometimes they get bogged down with other stuff, BUT I have a secret..11:24

I tell them I work for MBF upstairs

:)

they're much more receptive11:25
<pat255> who is CQG?
<jbraswell> Commodity Quote Graphics

just a charting platform
<pat255> i c
<jbraswell> and now my execution platform, too

i just dropped X Trader

like this one better, and it's free!
<jperl> what do you pay for CQG data?11:26
<pat255> jb they provide free charts?
<jbraswell> no, expensive charts, but if you have their charting, the execution platform is free11:27
as opposed to $700/month for X_Trader
<NihabaAshi> I like the price pattern on the larger chart intervals but this is technically holiday trading conditions (some key markets closed and no many key participants taking a 3 day weekend)..

Thus, anything can happen.11:28

Like as in still seeing Bullish info.
<jperl> so what does CQG cost JB?11:30
<jbraswell> eh, basic is 695/month. With multiple screens n' some other stuff, mine runs about $1,000; i only have it because everyone here at the exchange uses it11:31
<jperl> I see
time to go build another computer...11:34
see you later
<jbraswell> toodles
<NihabaAshi> ER2 back into that range area :(11:36
Long ER2 @ 667.00 -> Add 11:40
<jbraswell>  Shorts ER2 @ 666.90 11:42

doesn't it suck we took opposite side and both lost on that last one?

hopefully one of us will get this
<NihabaAshi> Geeesh...ER2 cann't hold its weight today...I've given it far too much room to breath and stay in sync with the others.11:44
<jbraswell>  Covered all ER2 Short @ 666.10 --> + 0.8 11:45

would like to hold on, but today too range-ey for greed
<NihabaAshi> Yep
<jbraswell> would like to see ES break downside from OR11:46
<NihabaAshi> It's in position for such.11:47
Exited all ER2 Long @ 666.00 --> - 2.4 11:48
No trade reversal because its back into that range area.
A few more ticks and I'm short again.11:49
Shorts ER2 @ 665.50 -> small size 11:57
Almost time for lunch...gotta meet the spouse and toddler at grandparents place...12:00
Will dump this trade soon.
Be back later...hopefully I don't miss anything big to take a bite of my losses.12:04
Covered all ER2 Short @ 665.30 --> + 0.2
* NihabaAshi is now known as NihabaAshi_away12:05
<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.12:10
<codehead> ER was trying to print a cci ghost with price around 666.7, but turning up now12:48

still could trigger the ghost for down on 3 min here12:50
<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.13:22
* NihabaAshi_away is now known as NihabaAshi13:32
<NihabaAshi>  Shorts ER2 @ 666.10 -> small size 13:42
ER2 in a nice looking wedge pattern.14:00
<jbraswell> yeah, fill out the trendlines back in time, too. looks like diamond14:01
<WannaBeBOS> snoozefest14:06
<NihabaAshi>  Covered ER2 Short @ 667.00 --> - 0.9 14:07

 Reverse and Enter Long ER2 @ 667.00

Added 1 contract on that reversal...not willing to put much else into this.14:08
<WannaBeBOS> i guess not
<NihabaAshi> Will keep it 1-2 contracts especially since the Bid and Ask is dancing around a little on a consistent basis since I've been back.14:09
<jperl> ER2 testing 1st StDev @ 667.3014:10
next test point 668.2014:18
<NihabaAshi> jperl...what's the next test point ?14:19
<jperl> 2nd StdDev of the VWAP
bounce occurred off there14:20
bounce occurred at 668.20 back down to 1st Std Dev. and then14:23
bounce off that 667.50....14:24
see chart
http://charts.dacharts.com/2005-11-11/JP ERL_011.png
1 StDEv is holding14:30
ready for retest of 2nd StdDev now at 668.30
<NihabaAshi> I may get a pt2 at that 668.30 level14:31
<jperl> Yes..definitely take something off the table there
<NihabaAshi>  Exited all ER2 Long @ 668.40 --> + 1.4 14:33
<jperl> smart move14:34
We are at HOD
<NihabaAshi> Haven't seen a pt2 trade all day...best to take the only one of the day.
<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> Missed an earlier pt2 trade in the downtrend by 2 ticks :(14:35

 Long ER2 @ 669.10 -> small size 14:37

It's trying for a pt3...trying to catch what I'm missing.14:38
<jperl> I sometime think I should program a 3rd StdDev on my chart14:39
<NihabaAshi>  Exited all ER2 Long @ 669.50 --> + 0.4
<WannaBeBOS> nice sticking with it there niha14:40
<NihabaAshi> When it holds in the upper 10% of a prior WRB...has a good chance to test the next WRB level.

Lost 7 ticks on it but that's normal for a re-entry attempt for the next WRB level.14:41
<WannaBeBOS> i have found that as well14:44
<jbraswell>  Shorts ER2 @ 668.70 14:47
<NihabaAshi>  Shorts ER2 @ 668.40 -> small size 14:48
jb...I was too slow to react on the flip-over.14:49
<jbraswell> i have a strict nootropic regimen that keeps me quick!14:50
<NihabaAshi> What little volatility we had for the past 25 mins is drying up...not gonna hold this too much longer.
Covered all ER2 Short @ 668.20 --> + 0.2 14:51
<jbraswell> geez, i'm gonna end up eatin this14:54

smart move, niha
<NihabaAshi> Well...you know me...I only do well when there's some consistent volatility...especially when it doesn't dry up soon after my entry.14:55
I'm done for the day...will walk away with losses that I won't lose any sleep over and ended the day decent enough to not think about the trading day over the weekend.15:03
I just don't think there will be any additional patterns will good volatility.15:04
Had only one trade signal today and that resulted in just a small profit...others were all intuition trades because I knew I wouldn't see too much today as in trade signals.15:05
Should have done personal stuff today instead with that knowledge (Bond market closed, veterans day and no key economic reports).
* NihabaAshi is now known as NihabaAshi_away15:06
* Disconnected 15:26
* Attempting to rejoin channel #futurestrades16:42
* Rejoined channel #futurestrades
<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab

 #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.16:58
* Disconnected 17:35
* Attempting to rejoin channel #futurestradesSession Close: Fri Nov 11 19:07:52 200519:07