Session Start: Tue Nov 22 09:25:49 2005Session Ident: #futurestrades
* Now talking in #futurestrades09:25
<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab
* Looking up coolweb user info...09:26

up danshirley user info...

up juniorinzy user info...
<eminitrader> morn all .. can someone post the globex ES high and low thx
* Looking up pat255 user info...09:27
<PapaJon> gm all
* Looking up togglex user info...

up togglex user info...
<PapaJon> 1257.25 1253.75
<eminitrader> thx pj
<PapaJon> yw
<danshirley> european mrkts are flat09:29
<eminitrader> for some reason my after hrs on tues and friday's does'nt show up ?
<danshirley> euro a little lower than yesterday's close
<coolweb> odd
we have different high lows
<pat255> gm all...

yeah eur may be get a bounce here again,,

watching eur but dont trade ..yet09:30
<danshirley> I only trade euro with an autotrader..09:31
<coolweb> question: how much does S&P500 correlate with $INDU ?09:32
<danshirley> use very high yield set up...one or two trades a week
<coolweb> much more then $nasdaq composite right?

anybody know?
<eminitrader> i watch for divergences on the ES with the NQ09:34
<coolweb> I see, same here cool, ok

because ES has almost the same top companies DJIA has

I mean SP500 has the same companies DJIA has, nasdaq is mostly tech09:35

cool ok :)
<eminitrader> to go LARGE on any set-up i look at the INDU too
Long ES @ 1253.25 09:38
<NihabaAshi>  Shorts ES @ 1253.25 -> small size 09:40

My bias in ES has changed since yesterday from Bullish to Bearish.09:42
<szubaark_>  Long YM @ 10813 09:45
<eminitrader>  Exited 1/3 ES Long @ 1254.25 --> + 1 09:46
<NihabaAshi> Short ER2 @ 679.70
Cover ALL ER2 @ 678.70 +1.0009:50
<eminitrader>  Exited ES Long @ 1253.75 --> + 0.5 09:51

 Reverse and Enter Short ES @ 1253.75
<NihabaAshi> That 10am est key economic report is 8mins away.09:52
Usually not an important market mover but may be due to the shorten trading holiday week.
<coolweb> 10 409:53
<eminitrader>  Covered 1/3 ES Short @ 1253.25 --> + 0.5 09:57
<NihabaAshi>  exit stop lowered ES @ 1254.00 09:58
<eminitrader>  Covered Remainder ES Short @ 1253.75 --> 0 09:59
<NihabaAshi> Geeesh.10:03

 Trailing Stop Hit ES @ 1254.00 --> - 0.75 10:04
<szubaark_>  Exited 1/2 YM Long @ 10823 --> + 10 10:05
<eminitrader>  Shorts ES @ 1254.50 10:06
<NihabaAshi>  Shorts ES @ 1254.00 -> large size 10:08
<danshirley>  Shorts YM @ 10818 «« paper »» 10:09
<m618> gm10:10
<eminitrader>  Covered 1/3 ES Short @ 1253.25 --> + 1.25
<danshirley>  Covered 1/2 YM Short @ 10813 --> + 5 «« paper »» 10:11
<NihabaAshi>  exit stop moved to breakeven ES @ 1254.00 10:12

Crap...EuroFX looking to go lower.10:13

That will help the Eminis to find a little support...

Now EuroFX is rebounding back upwards ...strongly :)10:15
<eminitrader>  Covered Remainder ES Short @ 1253.50 --> + 1
<NihabaAshi>  Trailing Stop Hit ES @ 1254.00 --> 0 10:16

It was a good try...can't complain.
<danshirley>  Covered Remainder YM Short @ 10817 --> + 1 «« paper »» 10:17
<pat255> dang i thot it gonna crack ..but dippers still around10:18
<eminitrader> getting tough to short in this mrkt
without being stopped out
<NihabaAshi>  Long ES @ 1254.25 -> small size 10:19

Need a 1255.25 to be profitable with commissions included.10:22

stopped out :(10:24

 Exited all ES Long @ 1254.50 --> + 0.25

Shorts ES @ 1254.25 -> large size 10:25

 Covered ES Short @ 1255.25 --> - 1 10:29

 Reverse and Enter Long ES @ 1255.25

Long ES @ 1255.50 -> Add
<jbraswell314>  Long ES @ 1255.25
<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.10:30
<pdays>  Long ER2 @ 679.1 «« paper »» 10:32
<NihabaAshi> Need to unload some of this Long...a little too much on the risk side for me.10:33

 Exited 1/3 ES Long @ 1256.00 --> + 0.5

stopped out again :(10:34

 Exited Remainder ES Long @ 1255.50 --> + 0.25 10:35

I'm now at a Neutral Bias in ES.10:37
<szubaark_>  Exited all YM Long @ 10625 --> - 188 10:50
Exited all YM Long @ 10825 --> + 12
Shorts YM @ 10822 10:52
<pdays>  Exited all ER2 Long @ 679.5 --> + 0.4 «« paper »» 10:58
<jbraswell314>  Exited 1/2 ES Long @ 1255.50 --> + 0.25 11:07
sucks
<szubaark_> yeah this will be my last trade for the day.
<danshirley> untradeable stuff today...see ya after the holiday11:17
<szubaark_>  Covered all YM Short @ 10823 --> - 1 11:21

Im Done.. see u all next week
* NihabaAshi is now known as NihabaAshi_lunch11:33
<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.11:42

 #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.12:54

 #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.14:03
* NihabaAshi_lunch is now known as NihabaAshi14:14
<NihabaAshi> This market sucks for the last few days...the biggest price movements have occurred during lunch periods :(14:15

 Shorts ES @ 1258.50 -> large size 14:18
<coolweb> heheaggd14:19
niha!
lunch is the best time :)
I moved my lunch break to 10:5014:20
<NihabaAshi> Last few months there is no lunch period...

Market has become a market where "must" stay at the computer for literally 12 hours to keep from missing any moves.14:21
<coolweb> yup
<NihabaAshi> Ive been at this for over a decade...

That in itself will back fire after abut a year of trading.14:22
<coolweb> interesting
I don't sit at my computer all day , I have alerts yell out alerts though
<jbraswell314>  Exited all ES Long @ 1259.25 --> + 4
<NihabaAshi> It's one of the main reasons why "automation trading" has become so popular over the past years.
<coolweb> you get real fidgety if you have to watch every bar

jbraswell: nice trade btw14:23
<jbraswell314> thanks. It's about f'in time
<coolweb> hell I passed out on my computer for 1.5 hours before the 2:00 meeting

:D
<jbraswell314> I've been gettin' whipped like crazy lately
<NihabaAshi>  Shorts ES @ 1259.50 -> Add 14:28
<coolweb> btw niha, you know my trades aren't automated, the signals are automated, I don't believe in 100% automated trades.14:32
I just pay Tradestation $100 a month just for the alerts :) well worth it though
saves me massive hours of screen time, keeps me alert when I need to be
<NihabaAshi> I only had time to do some calculations once this year...14:33

My missed trade signals are up 62% this year...most of them occur them periods of my normal time away from the computer.14:34

Simply, I need to make adjustments in my trading hours to keep from missing trade signals :(

Won't do that until early next year.
<coolweb> 62% yikes that is bad14:35
<NihabaAshi> Once I go back to trading Eurex, Euronext and EuroFX fulltime...

My schedule will be back to normal and I won't be upset about missing these late Emini Futures moves.14:36
<coolweb> what you going to do?
<NihabaAshi> My sleep hours will change.

I'll go to bed early...trade the Europe stuff and be done by 11am est.14:37

Meant...my entire trading day will be done by then.
<coolweb> hmm
whats keeping you from semi automating signals?
<NihabaAshi> They can't be automated.

Only small parts.14:38
<coolweb> automate those :)
the thing with my strategy is, I look at time and sales as well
I can't automate that part
but I Can automate the detection of the patterns required before the things are going to start rolling
I even automate simple stuff like if the index reaches over yes high, yes low, you tend to miss this when you are in trading mode, but you can't miss it if it alerts you14:39
basically its improved my trading drassstically
definately something to look into14:40
if its effecting your trading
<NihabaAshi> Well...I only call that "price alerts"...only useful when I'm on the toilet or stepped outside on the patio to do something :)
<coolweb> yes
thats good enough man :)
you kno wwhat I noticed niha?14:41
even staring at the screen for a long time makes you a worse trader when the time comes, because the anticipantion, bar by bar... gets you all feisty
if I start surfing some sites, and my things alerts me, for the next 45 minutes, complete focus :D
basically solves the patience part as well14:42
<NihabaAshi> Exactly...it has a psychological impact on ones trading when glued to the screen and trying to find something to trade...

Soon...anything looks good and becomes easier to rationalize why a bad pattern has potential.14:43
<coolweb> yeah hehe
thats what happened before, I start trading all kinds of shit, I'm usually wondering after.. "WTF was I thinking there" :) yeah it looked like one part of my pattern, where the other parts?
<NihabaAshi> I've seen traders change their methods just so they can trade the "noise" because they see it "so often"...14:44

It makes sense to them its worth trying to trade.
<coolweb> yeep if they can do it profitbaly , more power to them :)14:45
unless you are a scalper
which I Don't think you are
it can definately be automated14:46
:)
<NihabaAshi>  Covered ES Short @ 1260.00 --> - 1.5

Reverse and Enter Long ES @ 1260.00

I'm now in the hole and not a good spot to be this time of the day because the next big movement won't occur until after 3:30pm est14:47

I need to get a minimum of two ticks on this Long to be sitting within striking distance of being profitable by the close.14:48

Can't move my stop until 126114:49
<coolweb> wish you luck,m look like its going up quick :)
in the money!14:50
<NihabaAshi> I'm stuff...14:51

rebooting...14:52
<RacerX> This is Nihaba on my other computer (trading workstation)...14:55
Rebooting now...
<NihabaAshi>  Exited 3/4 ES Long @ 1261.75 --> + 2.25 14:56
* NihabaAshi is now known as NihabaAshi_away14:57
<NihabaAshi_away> Geesh...talk about bad timing...14:59
* NihabaAshi_away is now known as NihabaAshi15:00
<NihabaAshi> I'm using a new scheduler for doing my computer backups...
<coolweb> nice15:01
I use an ipod
:/
20 gig hd
<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab
<coolweb> :)
<NihabaAshi> It started itself during the middle of this trade and gave me a warning it was gonna shut my system down in 5mins to do the backups.

:(
<coolweb> damn
hehe
evil scheduler!
ctrl alt delete and end the task :)
<NihabaAshi>  Exited ES Long @ 1262.25 --> + 2.25 15:02
<coolweb> good trade
<NihabaAshi> Would have been much better had I been around to trade my Long signal in ES at 1016am est...15:03

I stepped away from the computer just for a few minutes to get some water.15:04
<coolweb> hehhehe
<NihabaAshi> Same signal appeared again at 2pm est...while I walked through the door after returning from an extended lunch.15:05

Gonna take a break...got stressed out during that last trade...15:06

be back around 3:30pm est.
* NihabaAshi is now known as NihabaAshi_away
<coolweb> speaking of missed trades15:07

saw a new pattern I should code in, I'll do that now
<jbraswell314>  Long ES @ 1259.50 15:14
late on this
trying to get out at 6415:15
<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.
<jbraswell314>  Exited all ES Long @ 1262.75 --> + 3.25 15:18
screw it
* NihabaAshi_away is now known as NihabaAshi15:27
<NihabaAshi> This market has been a "torture" for Shorts trying to position trade the usual rallies that occurs after the end of October.15:36
Been that way for 18 years I think.
Shorts ES @ 1271.75 -> small size 15:39
Looking for a few ticks only...saw a new signal I've had some many problems with.15:40
Correction...15:43
Shorts ES @ 1261.75 -> small size
exit stop lowered ES @ 1263.25 15:44
Not going to reverse this into a Long because it needs to come down some before I start looking for my Long positions after 3:45pm est15:46
Trailing Stop Hit ES @ 1263.25 --> - 1.5
Doesn't look like the market is not gonna allow me a Long entry around 1261.0015:47
<coolweb> ok coded15:53

we won'mt miss that signal again :D

the mini bar signal!
<NihabaAshi>  Shorts ES @ 1263.00 -> small size 15:55
Just another contract...in profit protection mode of the +5 points I have for the trading day.15:56
Same signal as the prior short...just looking for a few ticks.
Still aware of the last "15min rallies" :(15:58
Would be nice if this thing had dropped down to 1261.00 with about 45mins left in the trading day...
Could have setup a very nice Long position.15:59
Something as a "position trade" to hold into the last few seconds prior to the close.
Covered ES Short @ 1262.50 --> + 0.5 16:00
Shorts ES @ 1261.75 -> small size 16:01
same trade as prior two.
Need to be careful of a bounce around 1261.0016:03
<m618> cya all tomorrow (or maybe Monday).16:04

bye
<NihabaAshi> Market should have been at at 1261.00 by now and they are still buying :(16:13
I'm gonna hold this until after the close and then see what I can get when it re-opens around 4:30pm est...16:14
Just a contract.
<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.16:27
<NihabaAshi> I forgot that there's the 1030am est EIA Petroleum Report tomorrow...16:49
<jbraswell314> crude and ng16:50
<NihabaAshi> Thus, I will be trading the morning session only and calling it quits by 11am est.
In fact...tomorrow morning will be my last trades of the week :)
Looking forward to taking Thurs and Fri off from the market.16:51
Just finish my Market Wrap Up...a little late because I had that Open contract Short position.
Covered ES Short @ 1261.50 --> + 0.25 16:52
See all tomorrow...small profits today...still waiting for my 3rd big trading day of the month before the month is over with.
* NihabaAshi is now known as NihabaAshi_away16:53
<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.17:39
* DisconnectedSession Close: Tue Nov 22 17:54:07 200517:54