Session Start: Wed Nov 16 09:31:06 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> oil stocks at 10:30...nothing at 1009:33

U.S. stock futures are indicating a higher open Wednesday as investors mull strong quarterly results from homebuilder D.R. Horton and a mixed retail inflation report.09:34

Retail inflation increased more than than expected in October, rising 0.2% on high shelter, food and medical care prices, the Labor Department said.

The core consumer price index, which excludes food and energy prices, was in line, ticking up 0.2% after a string of five straight 0.1% readings
<PapaJon> Thnx for the info DS09:38
<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.09:41
<NihabaAshi>  Shorts ES @ 658.40 -> large size 09:42
<pat255> nice niha ....09:45

oh my09:46
<NihabaAshi>  Covered 1/2 ES Short @ 656.40 --> + 2 09:47
exit stop lowered ES @ 658.00
Got a pt1 out of that...not sure if I can catch a pt2...09:48
Pt2 would be several more points downwards from here.
<juniorinzy> Niha. ER not ES ?09:49
<danshirley> Gold, silver and Platinum hitting new highs09:51
<NihabaAshi> Obviously its ER2 based on the numbers.

Will change the script later.
<szubaark_>  Shorts YM @ 10724
<NihabaAshi>  exit stop lowered ER2 @ 657.80 09:57
<pat255> niha got the best entry....10:04
<NihabaAshi> May get lucky and catch a pt2...10:06

Currently a pt2 would be 654.70
<juniorinzy>  Long ER2 @ 655.4 10:07
<szubaark_>  Covered 1/2 YM Short @ 10718 --> + 6 10:10
<juniorinzy>  Exited all ER2 Long @ 654.9 --> - 0.5 10:11
<szubaark_> YM just sitting still of all the indexes
<NihabaAshi>  Covered ER2 Short @ 654.70 --> + 3.7
Holding 1 contract
<szubaark_> NICE Niha
<Captn> wd nih
<eminitrader> :))
<pat255> yup vn
<szubaark_>  Go Niha 10:12
<jbraswell> woohoo
<NihabaAshi> All I need is 1-3 trades per month like that with some size to keep me HAPPY.

All other trading days I don't mind if I struggle...small wins or small losses.
<szubaark_> yes.. I would be HAPPY also.
<NihabaAshi> Would be nice to do a trade like that a few times per week...10:13

Not realistic for my methodology.

A few times per month is the norm.
<jbraswell> my swing/position trade is looking good so far. Of course, it will be hard to handle the inevitable retracement and loss of OTE10:14
<szubaark_> actually we getting nice Followthru this week, it shows in my Profits so far.
<NihabaAshi> jb...I remember that swing short you did yesterday @ 657.0010:18
What's your target on that ???
Fixed price or WRB level ???10:19
<jbraswell> yeah, swing/position...

short 3 lots
<szubaark_> They going back to that 10700 level AGAIN?10:20
<jbraswell>  Long ES @ 1231.25 10:22
<danshirley> oil inv in 510:24
<szubaark_> thanks dan10:25
<NihabaAshi> Wow...at a pt3 for me now.10:30
<jbraswell>  Exited all ES Long @ 1229.25 --> - 2
<NihabaAshi>  Covered all ER2 Short @ 652.90 --> + 5.5 10:31
<danshirley> U.S. CRUDE STKS DOWN 2.2 MLN BRLS LAST WK: ENERGY DEPT10:32

U.S. GASOLINE STKS DOWN 900,000 BRLS: ENERGY DEPT
<jbraswell> one more try...10:34
Long ES @ 1231
<mispe>  Long YM @ 10710

Exited all YM Long @ 10709 --> - 1 10:37
<jperl> ER2 sitting @ -1st StDev 653.6010:43
http://charts.dacharts.com/2005-11-16/JP ERL_019.png
<juniorinzy>  Long ER2 @ 653.4 10:47
<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.
<mispe>  Long YM @ 10705 10:48
<szubaark_>  Covered all YM Short @ 10708 --> + 16 10:50
Long YM @ 10710 10:52
<pdays>  Long ER2 @ 653.5 «« paper »» 10:53
<mispe>  Exited 1/2 YM Long @ 10710 --> + 5 10:54
Exited all YM Long @ 10712 --> + 7 10:58
Long YM @ 10699 11:04
<szubaark_>  Exited all YM Long @ 10696 --> - 14 11:05

 Shorts YM @ 10696

REVERSAL11:06
<danshirley> Euro mrkts will end down by about 1%11:12
<mispe>  Exited all YM Long @ 10696 --> - 3 11:17
<szubaark_>  Covered all YM Short @ 10697 --> - 1 11:20
Long YM @ 10698
<danshirley> SENATE BANKING PANEL VOTES TO CONFIRM BERNANKE11:21
<jperl> ER2 @ -1st STDev 652.30
http://charts.dacharts.com/2005-11-16/JP ERL_0110.png11:23
<pat255> jper the red lines vwap?11:25
<jperl> sec
light blue line is VWAP
red lines are -1 and -2 StDev11:26
red straight line across chart is Point of Control
<pat255> ty the stdDev refer to what?11:27
<mispe>  Long YM @ 10692 11:28
<jperl> StDev of the VWAP (the blue line)
<pat255> k thks
<mispe>  Exited 1/2 YM Long @ 10699 --> + 7 11:33

 Exited Remainder YM Long @ 10692 --> 0 11:36
<jbraswell> trying to get out at .7511:47
fill, dammit!
<szubaark_>  Exited 1/2 YM Long @ 10710 --> + 12
<jbraswell>  Exited 1/2 ES Long @ 1231.75 --> + 0.75 11:48
correction, 1232.75
+1.75
<szubaark_> nice jb

YM broke the downtrend channel..LETS SEE11:49
<jbraswell> danke11:50
<szubaark_> jb u german?
<jbraswell> i'm torn today...looking at the DB on ES, but short ER2 long-term
no, it was my language of choice in college, spent a couple of months there
i just say "danke" and "scheisse" now mostly11:51
:)
<jperl> ER2 sitting on VWAP11:53
<szubaark_> NQ High of Day11:54
<jperl> http://charts.dacharts.com/2005-11-16/JP ERL_0111.png
<jbraswell> http://filehost.to/files/2005-11-16_03/1 75846_er2daily.gif11:59
jperl always posts charts
i wanted to post, too.
<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.
<jbraswell> there's my long-term short12:00
<szubaark_>  Exited all YM Long @ 10708 --> + 10 12:05

 Shorts YM @ 10708
<pat255>  c u all later ty...12:08
<szubaark_> yawn..12:49

 Covered 1/2 YM Short @ 10700 --> + 8 12:57
<jbraswell>  Exited Remainder ES Long @ 1232.75 --> + 1.75 12:59
<jperl> ER2 bouncing off VWAP for the past hour

http://charts.dacharts.com/2005-11-16/JP ERL_0112.png
<jbraswell> looks like we're taking it out now13:02
<jperl> Maybe but the POC is just below at 653.35...13:03

have to break through there to go into short territory
<jbraswell> today's POC?
<jperl> Point of Control.....peak in the volume histogram13:04
<jbraswell> right, just wanted to make sure you meant today's and not y's
<jperl> yes...only today

Ok we're touching POC now
<szubaark_> jp how does that Market profile stuff work for you?13:06
<jperl> I only use todays POC as a price testing point...13:07

The rest I ignore
<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.13:11
<jperl> Bouncing off POC here13:22

http://charts.dacharts.com/2005-11-16/JP ERL_0113.png
<szubaark_>  Covered all YM Short @ 10692 --> + 16 13:25
<jbraswell>  Long ES @ 1231.25
<eminitrader>  Shorts ES @ 1232 13:29
<jperl> ES sitting at VWAP 123213:41

Demonstrates the problem of choosing a direction....

jb long, eminit short
<jbraswell> unfortunately, hist stats go to emini, I believe13:42
<eminitrader> have a short bias based on the daily but my stop level ???
<jperl> http://charts.dacharts.com/2005-11-16/JP ERL_0114.png
<jbraswell> my bias is certainly short on higher timeframes...13:43

just gotta figure we're making higher lows intraday

higher timeframes, though, look like symm triangle wanting to break down13:44
<szubaark_>  Long YM @ 10691 13:45
<eminitrader> yep ..like i said jb hope my stop holds

i expect 1228 to be tested on the ES..lets wait and watch13:47

on the upside if it breaks 1234 there maybe a long scalp13:50
<jbraswell> i'm just looking for 1233.75 on this, getting out just below resistance13:51
<eminitrader> looks like u may get it :))13:52
<jbraswell> we'll see. if this 3min bar retreats from the 1:27 high, may get small DT13:54
if it closes shooting star-esque, put my stop a tick below it
Exited all ES Long @ 1232.50 --> + 1.25 13:58
opposite band target13:59
it's all yours
<eminitrader> thx
<jperl> ES -1stDEv is 1230.5014:02
<szubaark_>  Exited all YM Long @ 10690 --> - 1 14:04

 Shorts YM @ 10684 14:06
<eminitrader>  Covered 1/3 ES Short @ 1231 --> + 1
<jbraswell>  Shorts ES @ 1231.00 14:07

low volume rally on the DT completion14:13
<szubaark_>  Covered all YM Short @ 10684 --> 0 14:14
<eminitrader>  Covered 1/3 ES Short @ 1231 --> + 1 14:20

 Covered Remainder ES Short @ 1232 --> 0 14:22
<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.14:23
<jbraswell> about to get stopped here14:27
<eminitrader> stop @33.2514:28
<jbraswell> i'm at 75
<eminitrader> thats where my intial stop was at..
k
<jbraswell> stalling just long enough to give me hope :)14:32
<eminitrader> looks like they r gunning the stops14:34
<jbraswell> for those who bought on the upside break?14:35
<eminitrader> looks like both sides
more so the shorts ..lookin at the 3 min on the es every pivot high is one tick higher and then immediate retrace..the last 314:37
<PapaJon> yep... very choppy with no momo
<eminitrader> now its 1 tick below the last 3 pivot lows ..wonder if it will break to the downside this time ?14:39
<jbraswell> at this time of the day, might as well target a new LOD14:46
<eminitrader> :)) still holding the short14:49
<jbraswell> u?
<eminitrader> i'm out14:50
<jbraswell> ok, that's what i thought
<eminitrader>  Shorts ES @ 1232.25 14:52
<jbraswell>  Shorts ES @ 1232 -> Add

the dreaded averaging!14:53
<eminitrader> could kill ya on the long run ...just know when to use it
<jbraswell> yeah, I think I use it judiciously14:54

i think if there is still reason to be short, I should enter when the r:r is optimal, even if I got in at a worse price14:55
<eminitrader> i have just tossed a coin ..oops i'm out14:56
tossed
Covered all ES Short @ 1232.75 --> - 0.5 14:57
<jbraswell> lol

this feel worse and worse by the moment for me

 Covered all ES Short @ 1233.75 --> - 4.5 14:58
<eminitrader> then just exit out it
Shorts ES @ 1233.50 14:59
last trade of the day
Covered 1/2 ES Short @ 1232.50 --> + 1 15:06
<jbraswell>  Shorts ES @ 1233
<eminitrader>  Covered ES Short @ 1233 --> + 0.5 15:09
Reverse and Enter Long ES @ 1233
<jbraswell> this thing's fakin' me out back and forth
<eminitrader> we never know till it moves jb ..if u r on the right side it feels good ..otherwise it sucks15:10
Exited all ES Long @ 1232.25 --> - 0.75 15:15
i'm done have a good one jb15:16
<jbraswell> u too

thx

 Covered all ES Short @ 1233.75 --> - 0.75 15:24

just not working out

got smoked today15:25
<eminitrader> dont worry too much jb ..part of the biz.. moreso pm was akin to gambling15:26
<jbraswell> no, I'll come back tomorrow. i'll take solace in the OTE of my longer-term position, even though it might get eaten away tomorrow15:30
<eminitrader> looks like an ivb on the daily ..maybe a good b/o day tommorow either direction..15:31
<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.15:32
<eminitrader> or both :)) this would be even better15:33
<jbraswell> ivb?15:34
<eminitrader> inside day
<jbraswell> ah, yeah15:35
<eminitrader> inside vertical bar......ivb
crazy terminology yeah !15:36
<jbraswell> it was the "v" that threw me15:37
<eminitrader> lol
i use bars vs candle sticks..so vertical..15:39
<jbraswell> gotcha15:43

don't like candles? do they distract u?15:44
<Captn> think its what you get use to, both contain same info15:46
<eminitrader> exactly...its just that i'm so used to them bars15:47
<Captn> yes, absolutly15:48
<eminitrader>  captn u still in port huron15:49
<Captn> you, how did you know?
yes15:50
<eminitrader> 21mile Macomb
<Captn> oh yes, spoke b4
<eminitrader> we kinda spke about this a while ago ..before u went awol15:51
<Captn> not that far really
yup, my real job, bummer... :)
<eminitrader> i actually lived in marysville f and then in st.clair before moving to macomb15:52
<Captn> view or river?
of
<eminitrader> u trading fulltime now ?

view
<Captn> yes, during summer15:53
winter lol
long day
<eminitrader> k maybe we can hook up sometime
<Captn> yes, interesting
<eminitrader> maybe even watch each other trade LOL15:54
<Captn> anybody else in the area you know that trades?
<eminitrader> gotto go kids r back see ya all15:55

a couple
<Captn> yes, have a buddy that drops in also,
ok
<eminitrader> actually around 3
<Captn> cya
good, ok
<eminitrader> k see ya
<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.16:44
* m618_ is now known as m618-dinner16:57
<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.17:56
* Disconnected 18:11
* Attempting to rejoin channel #futurestrades18:13
* 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
* m618-dinner is now known as m61818:43
<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.19:06
* DisconnectedSession Close: Wed Nov 16 20:01:37 200520:01