Session Start: Thu Nov 17 09:24:46 2005Session Ident: #futurestrades
* Now talking in #futurestrades09:24
<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab
<eminitrader> morn pj09:30
<NihabaAshi> I have a Bearish Bias today in ES and YM...neutral on NQ and ER2.09:31
<danshirley> nothing at 10..Phily Fed at noon09:36
<pat255> es looks extended but may not p/b that much
<danshirley> U.S. Oct. industrial output rises 0.9%, matches expectations
<mispe>  Shorts YM @ 10710 09:41
Covered all YM Short @ 10713 --> - 3 09:47
<szubaark_>  Shorts YM @ 10710 09:51
<danshirley> gee whiz we're at 10700 on YM again
<szubaark_> pfff...
<danshirley> gold at 18yr high09:53
european mrkts are up but pulling back right now
<NihabaAshi> EC powering upwards.09:56
<jbraswell> a little role reversal from teh past days, er2 stronger09:57
<szubaark_>  Covered 1/2 YM Short @ 10698 --> + 12 09:59

YM leading down other indexes10:03
<NihabaAshi>  Shorts ER2 @ 659.70 -> small size 10:06
<mispe>  Shorts YM @ 10705 10:15
<NihabaAshi>  Covered all ER2 Short @ 661.70 --> - 2 10:16
Long ER2 @ 662.00 -> small size 10:18
<jbraswell>  Covered all ES Short @ 1239.25 --> - 1.75 10:19
<mispe>  Covered all YM Short @ 10712 --> - 7 10:20
<szubaark_>  Covered all YM Short @ 10715 --> - 5
<jbraswell>  Shorts ER2 @ 660.90 10:22
did this a few minutes ago
<NihabaAshi>  Covered ER2 Short @ 661.10 --> + 0.9 10:26

 Reverse and Enter Long ER2 @ 661.10

Will Correct...

Took a loss on the Long and I'm now Short.10:27

 Long ER2 @ 662.00 -> small size

Exited ER2 Long @ 661.10 --> - 0.9

Reverse and Enter Short ER2 @ 661.10
<mispe>  Shorts YM @ 10710 10:30
Covered 1/2 YM Short @ 10705 --> + 5 10:32
<pdays>  Shorts ER2 @ 660.8 «« paper »»
<NihabaAshi>  exit stop moved to breakeven ER2 @ 661.10
Covered ER2 Short @ 661.10 --> 0
<eminitrader>  Long ES @ 1238.25 10:33
<mispe>  Covered Remainder YM Short @ 10706 --> + 4 10:34
<NihabaAshi> I'm not willing to throw anything (size) at theis price action after not getting any trade signals in ES and YM while having a Bearish Bias :(10:35
<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.10:36
<Captn> my trades are very rearly profitable unless the dow has exeeded 30 or more10:38

showing interest in the market at least10:39

but then i'm not a smart as10:40
<szubaark_> looks like they gonna do some type of coiling up til the 12 Noon Fed Report10:41
<Captn> thats why the blue chips are on hold10:42
<mispe>  Covered Remainder YM Short @ 10698 --> + 12
<NihabaAshi>  Shorts YM @ 10699.00 -> large size 10:44
<jbraswell> last 13-min er2 bar was inside...current bar tried to break below and failed, then ran up and failed topside10:46
if it breask topside, i'll stop and reverse10:47
last bar closes as inside bar again10:48
Shorts ER2 @ 660.20 -> Add 10:49
Covered 1/2 ER2 Short @ 661.10 --> - 0.9 10:51
<eminitrader>  Exited all ES Long @ 1236.75 --> - 1.5 10:53
<NihabaAshi>  Covered all YM Short @ 10697.00 --> + 2
Lucky exit for me due to the fact my trade entry was an error.
<pdays>  Covered all ER2 Short @ 660.0 --> + 0.8 «« paper »» 10:54
<pat255> just chaos in the am...glad stayed out of it ...epiration week mess10:55
<szubaark_> market just coasting11:00
<danshirley> I've only done about 5 trades all week11:04
<jbraswell>  Covered ER2 Short @ 660.80 --> + 0.1 11:07

 Reverse and Enter Long ER2 @ 660.80
<szubaark_>  Long YM @ 10695 11:10
<jperl> todays VWAP bands and POC for YM....11:12

http://charts.dacharts.com/2005-11-17/JP ERL_0115.png
<mispe>  Shorts YM @ 10698
<jperl> Note how VWAP hugs the POC most of the morning...

an indication of an Oscillatory market about POC11:13
<szubaark_> Trying to position myself before the Fed Philly Report hopefully
<jperl> Same appears to be the case for ER2 and ES

Best trades would be fades from the 2nd StDevs11:14
<mispe>  Covered 1/2 YM Short @ 10593 --> + 105 11:25
whoo 105 !!!
better + 511:26
Covered Remainder YM Short @ 10696 --> + 2 11:28
<pat255>  k guys c u all later ty11:34
<szubaark_> ER wants to test high again11:36
popped it11:37
<jbraswell>  Exited all ER2 Long @ 662.80 --> + 2 11:38
<danshirley> Europe closed up about .4%11:41
<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.11:48
<szubaark_>  Exited 1/2 YM Long @ 10700 --> + 5 11:49
exit stop moved to breakeven YM @ 10690 11:54
making this breakeven trade because of the Philly Report in 5 minutes
i dont have much of a cushion11:55
<danshirley> Philly fed in 211:58

NOV. PHILLY FED INDEX 11.5 VS. 17.312:01
<NihabaAshi> So far nothing from the Philly...maybe a delay reaction in a few minutes.12:03
<szubaark_> YM Unchanged for day12:04

10700 level Holding12:06

 exit stop set YM @ 10695 12:07

m aking sure i dont lose anything on this trade
<NihabaAshi> Volatility too low for me...going to lunch.12:14
* NihabaAshi is now known as NihabaAshi_away12:19
<szubaark_> geez took Long enough to move frikin 10 Points12:30
Exited all YM Long @ 10704 --> + 9 12:45
Shorts YM @ 10704
<jperl>  Long YM @ 10705 12:52

why long?....see chart12:54

http://charts.dacharts.com/2005-11-17/JP ERL_0116.png
<jbraswell> looks good, jperl12:57
<jperl> tight stop though at 10698

=POC12:58
<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.13:00
<jperl>  Exited YM Long @ 10698 --> - 7 13:04
<coolweb> Hey jperl :)
<szubaark_> cool! whats up big daddy
<coolweb> hehe, watching YM chop :)13:06
<szubaark_>  Covered 1/2 YM Short @ 10698 --> + 6 13:11

taking some off in this tight range
<jperl> good idea
I'm looking for the bounce back to 1070413:14
<jbraswell>  Shorts ES @ 1238 13:15
<eminitrader>  Long ES @ 1237.75 13:16
<jperl>  Long YM @ er2 13:17

well that's wrong

 Long ER2 @ 662.70 13:18

that's better

see chart
<jbraswell> man, you guys
<coolweb> hehe
<eminitrader> u never know jb13:19
just going with the chartman :)
<jperl> http://charts.dacharts.com/2005-11-17/JP ERL_0117.png

 Exited ER2 Long @ 663.760 --> + 1.06

Exited ER2 Long @ 663.60 --> + 0.9 13:20
<eminitrader>  Exited 1/3 ES Long @ 1238.50 --> + 0.75 13:21
<szubaark_>  Covered all YM Short @ 10698 --> + 6
<coolweb> jperl: that 10704 prediction is pretty good man :)13:23
<jperl> coming back up to it now
<coolweb> jperl always has the crystal ball :D
<jperl> I wish
<eminitrader>  Exited 1/3 ES Long @ 1239 --> + 1.25 13:24
Exited Remainder ES Long @ 1239.75 --> + 2 13:41
<jperl>  Shorts ES @ 1239.50 13:42

fade off of +2 StdDev13:44

http://charts.dacharts.com/2005-11-17/JP ERL_0118.png

target VWAP @ 123813:45

tight stop @ 1240.2513:46

 Covered ES Short @ 1238.50 --> + 1 13:50
<juniorinzy>  Shorts ER2 @ 664.7 14:01
<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.14:09
<juniorinzy>  Covered all ER2 Short @ 665.2 --> - 0.5
<danshirley> Gee look ...YM is at 10700 AGAIN14:10
<jbraswell>  Covered all ES Short @ 1240.25 --> - 2.25 14:11
<szubaark_>  Long YM @ 10715 14:13
<juniorinzy>  Shorts ER2 @ 665.5 14:19
<szubaark_>  Exited 1/2 YM Long @ 10726 --> + 11 14:28
<juniorinzy>  Covered all ER2 Short @ 666.4 --> - 0.9
<coolweb> market should be ripe for shorting tomorrow, maybe14:42

I'll wait and see, looks good at the moment
<szubaark_> yup.. what goes up must come down14:43
Exited all YM Long @ 10725 --> + 10 14:45
* NihabaAshi_away is now known as NihabaAshi14:51
<coolweb> actuallty nevermind tomorrow, we might actually breakout huge, the opening should tell everything :)14:57
szubaark: btw good entry: [14:12] <szubaark_> Long YM @ 1071515:02
<jbraswell> i'm almost dead even for the day today. However, my OTE on my position shorts took a beating.

down 2,880 ATM15:03
<szubaark_> thanks cool.. i chased it little bit but no biggie
it was a breakout i coudnt miss
<eminitrader>  Long ES @ 1241.25 15:06
<PapaJon> These drifty, lowvolume, low momo type of days are tough.15:07
<szubaark_> emini risky Long here me thinks, this could drift lower or just Chop here til end of day

for me that is.15:08
<eminitrader> maybe right szu ..but dont want to ignore my system especially on a b/o ..wii be bias if 1240 is broken on the ES
short bias i mean15:09
<szubaark_> I just think these pullbacks are tough to time. Even after strong breakouts.15:10
<eminitrader> yup.. not looking for much though
<szubaark_> I pretty much dont take them anymore in between. has to be near trendline or Major Support/Resistance15:11
<eminitrader> know what u mean ..mine is a small size tight stop15:12
dont want to make a habit of ignoring my system set-up's
Exited 1/3 ES Long @ 1242.25 --> + 1 15:13
Exited Remainder ES Long @ 1242.75 --> + 1.5 15:14
thats what i expected from my system..didn't want to ignore it..every little bit adds up
<szubaark_> yES. But me Personaly i got whacked by getting in those. I think part of it was my TIGHT Stops15:15
<coolweb> szubaark: whats your usual stops?15:16
<szubaark_> Now its whatever market tells me.

Before it was No More then 10 points. Boy did i get whacked doing that.15:17
<eminitrader> actually thats the reason i entered szu .. my stop was 3 ticks down from my entry with profit potential of 6 ticks ..worked out this time ..
<szubaark_> i also started to watch Momentum to tell me if stay it trade.15:18

it=in
<eminitrader> normal stops between 4 to 8 ticks
<coolweb> yhoo

is nice

I might write a script to track movements like that, 0 chop15:19
<eminitrader> in yahoo ?
<coolweb> yeah
<eminitrader> k15:20
<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.15:21
<coolweb> hmm
that gave me a good idea
eminitrader: what system soft do you use, tradestation?15:22
<eminitrader> yep
<coolweb> nice, me too
<eminitrader> cool15:23
<coolweb> emitrader: don't you love the voice alerts?
I mean that is INCREDIBLE to me, I use to record different sounds, but after I found out it can speak whatever you write, that was unbelievable :D
<eminitrader> coolweb good u mentioned it may sound stupid ..but please without a laugh - how's it activated15:24
<coolweb> ok nolaughing
* coolweb criES!
<coolweb> hehe
ITs in the Alert ->
no
Format analysis technique -> Format -> Alerts -> Enale Alerrt with the following blah , Use custom settings, Type = audio , Setting = Voice15:25
<eminitrader> how to get to alerts do i hear a chuckle
<coolweb> you mean the code for it?
<eminitrader> code or a command ?
<coolweb> code for it I usually write Alert("SHORT CONFIRMED");
And if you put on the voice, tradestation will actually yell out "SHORT CONFIRMED"15:26
<eminitrader> ok u mean when the orders are filled
<coolweb> I got it to yell out all kinds of shit, like when you reach a profit target, It'll yell out "YOU THE BOMB DIGGGITDY"
nah in the Showme/indicator
<eminitrader> i was thinking more like set-up alerts
<coolweb> You useing tradestation 8?15:27
Theres no indicator you can just draw a line and put an indicator
<eminitrader> yep 8.1
<coolweb> you need to code it in
<eminitrader> can u help with the code
<coolweb> yeah
msg me I'll paste y some stuff
<eminitrader> cool thx

yep15:28
<NihabaAshi>  Long ER2 @ 667.40 -> large size 15:41
I missed all the fun soon after I went out for lunch and to do some personal stuff...
Hopefully I can catch a piece of something here.15:42
Something that's profitable :)
<PapaJon> Niha... you dint miss anything... momo and vol never came back... nifty-drifty is all we got15:44

volatility
<NihabaAshi> Looks like its gonna pick me off at breakeven.\15:45
:(
Need a little breathing room like 668.00
exit stop moved to breakeven ER2 @ 667.40 15:46
Exited 1/2 ER2 Long @ 667.90 --> + 0.5 15:48
ER2 dragging...it's either gonna catch up with the momentum of the others or flip over fast (southwards).15:49
exit stop raised ER2 @ 667.50 15:50
Will finish the trading day at a small loss but couldn't work on it due to the market made its move while I was gone most of the afternoon :(15:52
Exited Remainder ER2 Long @ 667.50 --> + 0.1 15:55
Shorts ER2 @ 667.70 -> large size 16:02
Covered ER2 Short @ 668.30 --> - 0.6 16:05
Reverse and Enter Long ER2 @ 668.30
The spike in NQ got me :(
No more volatility...16:12
Exited Remainder ER2 Long @ 668.30 --> 0 16:14
<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.16:33

 #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.17:45
* m618_ is now known as m618-away17:56
* NihabaAshi is now known as NihabaAshi_away18:05
<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.18:57
* DisconnectedSession Close: Thu Nov 17 19:56:00 200519:56