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Dec 6th Tues 2005 Trade Log

#FuturesTrades is a private and free realtime trading posting room on the IRC Othernet server.

You'll find below the text log of realtime trades that were posted by full-time and part-time traders from around the world.

Also, if you want to see an example of a prior trading day of what the trades actually look like on a computer screen while using mIRC to communicate with traders from all over the world in #FuturesTrades...click here.

Session Start: Tue Dec 06 08:33:48 2005Session Ident: #futurestrades

* Now talking in #futurestrades 08:33

* Topic is ' #FuturesTrades -> Realtime active trade posting ER2, ES, NQ, YM, Eurex, T-Notes, EuroFX @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm'

* Set by X on Thu Dec 01 16:23:28

<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab

* X sets mode: +o RacerX

<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. 08:45

<coolweb> hola! 08:54

* RacerX sets mode: +v coolweb

<danshirley> U.S. stocks are headed for a higher opening Tuesday, with year-end rally sentiment intact and Sears Holding Corp likely to rise on earnings that exceeded expectations. 09:17

* RacerX sets mode: +v danshirley

<danshirley> Productivity in the business sector surged at a 4.7% annual rate in the third quarter. Economists polled by MarketWatch had expected an increase of 4.5% 09:18

Unit labor costs - a gauge of wage-push inflationary pressures - fell at a 1% annual pace in the quarter, revised down from a 0.5% decrease

crude futures held under $60 a barrel, lending a bit of support to the stock market 09:19

Factory orders at 10 09:20

<PapaJon> gm all 09:23

* RacerX sets mode: +v PapaJon

<eminitrader> morn pj 09:29

* RacerX sets mode: +v eminitrader

<pat255> gm all 09:30

* RacerX sets mode: +v pat255

<eminitrader> morn pat255 09:31

<X> [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab 09:36

* X sets mode: +o NihabaAshi

<jbraswell> Shorts ER2 @ 690.90 09:41

<eminitrader> Shorts ES @ 1268 09:42

<NihabaAshi> Key Economic Events Today -> 10am est Factory Orders <--- If volatility appears...be prepared to exploit such. 09:44

* RacerX sets mode: +v NihabaAshi

<jbraswell> i intend to exploit it like a child star

<jperl> Shorts YM @ 690.30

* NihabaAshi sets mode: +v jperl

<jperl> that should be ER2 09:45

<danshirley> Shorts YM @ 10883 «« paper »»

<eminitrader> Covered 1/3 ES Short @ 1267 --> + 1

<jperl> Shorts ER2 @ 690.30

<mispe> Shorts YM @ 10882 09:46

* NihabaAshi sets mode: +v mispe

<jbraswell> exit stop lowered ER2 @ 690.90 09:47

<mispe> Covered 1/2 YM Short @ 10877 --> + 5 09:50

<szubaark_> Shorts YM @ 10877

* RacerX sets mode: +v szubaark_

<mispe> Covered Remainder YM Short @ 10882 --> 0 09:51

<danshirley> Covered 1/2 YM Short @ 10883 --> 0 «« paper »»

<jperl> Covered ER2 Short @ 690.30 --> 0

<eminitrader> Covered 1/3 ES Short @ 1266.25 --> + 1.75 09:53

<danshirley> Covered Remainder YM Short @ 10880 --> + 3 «« paper »» 09:54

<jperl> Long ER2 @ 690.20

<danshirley> numbers in 5 09:55

<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. 09:57

<eminitrader> Covered ES Short @ 1267.25 --> + 0.75 09:59

Reverse and Enter Long ES @ 1267.25

<NihabaAshi> Long EuroFX @ 1.17680 -> small size 10:00

<jperl> Exited ER2 Long @ 690.20 --> 0

<coolweb> Shorts NQ @ 10883 10:01

<NihabaAshi> exit stop moved to breakeven EuroFX @ 1.17680 10:02

Exited 1/3 EuroFX Long @ 1.17780 --> + 0.001

<danshirley> Shorts YM @ 10872 «« paper »» 10:03

<eminitrader> Exited all ES Long @ 1265.75 --> - 1.5

<NihabaAshi> exit stop raised EuroFX @ 1.17690

<mispe> Shorts YM @ 10873

<coolweb> stop 10882 10:04

bbl

<mispe> Covered all YM Short @ 10873 --> 0 10:06

<jbraswell> exit stop lowered ER2 @ 689.60

<coolweb> Shorts NQ @ 10879 10:08

Covered all NQ Short @ 10880 --> - 1 10:09

Covered all NQ Short @ 10882 --> - 3

thats not right

breakeven

<jbraswell> Covered all ER2 Short @ 689.60 --> + 1.3

<mispe> Shorts YM @ 10880 10:12

Covered all YM Short @ 10883 --> - 3 10:20

<NihabaAshi> exit stop raised EuroFX @ 1.17720 10:25

<pat255> nice Niha on eur ...just observe today ... 10:26

<danshirley> ..

* RacerX sets mode: +v danshirley

<danshirley> keep losing my connection

<jperl> Long ER2 @ 690.30 10:27

<NihabaAshi> pat...I was hoping for more volatility because EuroFX should be well above 1.17900 and its not... 10:28

<pat255> well was reading somewher that 1.1850 arae folks looking for S...

<NihabaAshi> Most likely due to the increased volatility in the Eminis since 10am est...was hoping the Eminis wouldn't have this much volatility. 10:29

<mispe> Shorts YM @ 10903 10:32

<jperl> Exited ER2 Long @ 690.10 --> - 0.2 10:34

<mispe> Covered YM Short @ 10903 --> 0 10:41

Reverse and Enter Long YM @ 10903

<NihabaAshi> Trailing Stop Hit EuroFX @ 1.17720 --> + 0.0004 10:44

:(

<pat255> :( 10:45

<NihabaAshi> Came within 2 ticks of capturing a pt2 level...wasn't meant to be.

<coolweb> Shorts NQ @ 10902 10:51

1 lot

<jbraswell> Long ES @ 1269.75

tight stop here, just trying to get a jump on a potential OR breakout

<coolweb> 10902 stop 10:52

<jbraswell> Exited all ES Long @ 1268.75 --> - 1

<NihabaAshi> I have a NEUTRAL bias on the Eminis and a BEARISH bias on EuroFX.

<coolweb> niha: was looking at eurofx, mad chop these days :) 10:53

<NihabaAshi> Hopefully something changes in the Eminis because I'm not willing to do any counter-trend trading in the Eminis.

<mispe> Exited all YM Long @ 10896 --> - 7

<NihabaAshi> coolweb...yep...after that drop...its been consolidating for tha past days. 10:54

In reference to the drop between Nov 3rd - 14th. 10:55

<coolweb> haha yeah, counter trend is dangerous,

keep it at 1 lot

10901 stop

<NihabaAshi> I've been waiting patiently in EuroFX for something good to bite on since Nov 14th...nothing really good to bite on since. 10:56

<coolweb> nihaasbhi : I believe last time we talked about eurofx, I drew lines like 2 weeks ago

its still chopping at those same lines today

:)

nihabashi: I like your bearish/bullish sentiment varying position size 10:57

Its cool idea

:) 10:58

Covered all NQ Short @ 10901 --> + 1 10:59

nihabashi: I think it mainly keeps you from risking too much for lower rewards, and betting more for higher rewards 11:00

and thats money

<jperl> Long ER2 @ 690.70 11:01

<pat255> bulls abandonned market yest; today, this is bears turn 11:04

<PapaJon> ARGH... esignal is raising its exchange fees as of Jan 1, 2006 11:06

<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.

<coolweb> switch to prophet.net :)

how much they raising?

<PapaJon> varies.. depends on the exchange(s) u use 11:07

<coolweb> if you just use their data feeds, lots of cheaper data feeds, if you use their programming, then got to pay the price :) 11:08

<PapaJon> yup

<coolweb> i pay $160 tradestation a month, worth ever penny though I do a lot of backtesting with their like 10 year archive data 11:09

<jperl> Exited ER2 Long @ 689.90 --> - 0.8

<coolweb> hmm I just learned something

let me write it down 11:10

<pdays> Shorts ER2 @ 690.2 «« paper »» 11:11

* NihabaAshi sets mode: +v pdays

<jbraswell> Shorts ER2 @ 689.40 11:13

<coolweb> Shorts NQ @ 10884 11:15

<NihabaAshi> [11:00] <coolweb> nihabashi: I think it mainly keeps you from risking too much for lower rewards, and betting more for higher rewards 11:16

<coolweb> Covered all NQ Short @ 10886 --> - 2

bad

<NihabaAshi> Yep...I don't believe in trading the same position size for different market conditions.

Trading the same size all the time no matter what the market is doing seems like one would be ignoring risk control unless they are making adjustments from one day to the next via stop/loss management. 11:17

<mispe> Long YM @ 10890 11:27

<jbraswell> Covered all ER2 Short @ 689.40 --> 0 11:29

<mispe> Exited 1/2 YM Long @ 10896 --> + 6 11:31

Exited Remainder YM Long @ 10901 --> + 11 11:33

<coolweb> Long NQ @ 10904 11:48

Exited all NQ Long @ 10904 --> 0 11:50

<jbraswell> Long ES @ 1271.25 12:01

<coolweb> NQ looks like its going to drop 12:03

going to start my rule book today 12:04

i mean revise

the rules of position sizing , entering, and everything in between

<NihabaAshi> Bullish bias for the Eminis for me now. 12:15

<WannaBeBOS> ER gunning for all time highs

* NihabaAshi sets mode: +v WannaBeBOS

<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. 12:18

<jbraswell> Exited all ES Long @ 1273.25 --> + 2 12:19

<NihabaAshi> Nice JB. 12:20

<jbraswell> thanks. I wish I had a runner on that. From now on, I will, as I think it's necessary for the type of system I've been tinkering with on ES. 12:24

just have to start with two lots on ES always

<coolweb> I'm going to make less trades now as well 12:45

back to one shot one kill. 13:04

with refinement

looks like we are going to go up more

$INDU 10936

30 more points 13:05

to move

maybe tomorrow

<PapaJon> tough to go long here... even with a signal... 13:08

"better to miss a good trade than take a bad one" 13:09

<coolweb> yah 13:13

<pat255> eur took out the 1.18.. 13:18

<coolweb> Papajon: you know, I have the most simplest rules coded in my tradestation, its funny, traders sometims forget, "hey its high risk to go short above yesterdays high unless thats your system" I think this point helps me a lot in my trading, I don't want to think after I have thought already :) 13:22

<PapaJon> yah.. i know what you mean 13:23

yesterday bit me good... i overtraded... took "good" signals.. but they were high risk.

My win/loss ratio was 65%... but my net was very in the red 13:24

took all afternoon and evening to lick my wounds and re-think/analyze what the heck i did wrong

<coolweb> yep, in the heat of the trading moment, almost impossible to check your 20 list rules 13:25

<PapaJon> Then I remembered a key phrase (common really)... "better to miss a good trade than take a bad one"

Course.. thats assuming that there is a dif between a good trade and a great trade. 13:26

signals-wise

<coolweb> yeah

there are different types of trades

<PapaJon> in questionable mkt conditions.. its better to let the good ones go by.. wait for the great ones

<coolweb> good trade - low risk medium reward 13:27

<PapaJon> tough to do sometimes...

<coolweb> bad trade - high risk low reward

great trade - low risk high reward

newbie trades - high risk , low rewards :) 13:28

i'm going to stop taking good trades , and only take great trades from now on

anytime I enter the market

with 10 contracts, the risk is immediately spread + commission + stop, like 3 ticks right there 13:29

why bother

<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. 13:30

<eminitrader> Shorts ES @ 1273 13:58

<GoodMood> Covered all YM Short @ 10930 --> 0 14:00

* NihabaAshi sets mode: +v GoodMood

<GoodMood> Am I the only one who gets disconnected repeatedly ? 14:18

* NihabaAshi sets mode: +v GoodMood

<eminitrader> Covered all ES Short @ 1273 --> 0 14:19

<PapaJon> must be ur isp goodmood 14:25

<GoodMood> hmm 14:26

<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. 14:39

<eminitrader> Shorts ES @ 1272.50 14:43

Covered ES Short @ 1273 --> - 0.5 15:00

Reverse and Enter Long ES @ 1273

Exited all ES Long @ 1271 --> - 2 15:05

<togglex> was there some news or something? 15:11

<coolweb> :) 15:13

market angry

dow growls 15:14

<danshirley> something bad is going on 15:17

<jbraswell> damn, I missed that ride. 15:18

<coolweb> more to come

I'm getting ready

slap in the face reversal :D 15:19

<danshirley> don't see any news yet

<coolweb> nevermind 3:20 15:20

I ain't trading

any market beatdowns require at least 1.5-2 hours :) 15:21

didn't get fidlled 15:39

but cool

:)

<jbraswell> Shorts ES @ 1266.50

Covered all ES Short @ 1265 --> + 1.5

a quick buck at the end 15:40

<PapaJon> nice quicky jb 15:44

<GoodMood123> Long YM @ 10865 15:47

* RacerX sets mode: +v GoodMood123

<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. 15:51

<pdays> Exited all YM Long @ 687.3 --> - 9780.7 «« paper »» 15:54

* NihabaAshi sets mode: +v pdays

<pdays> not

<GoodMood123> Exited all YM Long @ 10868 --> + 3 15:59

<danshirley> from marketwatch: A strategist said program trading appeared to have helped push stocks below their session highs in the final half hour 16:11

<togglex> that doesn't say anything :P 16:13

<NihabaAshi> I took it easy this afternoon (no trading)...did some personal stuff because I felt I wasn't "mentally" prepared to trade today after my EuroFX trade. 16:31

Tomorrow is a new day :) 16:32

Take care and see all tomorrow.

* NihabaAshi is now known as NihabaAshi_away

<coolweb> tomorrow 16:49

nasdaq

shorting time :D

* DisconnectedSession Close: Tue Dec 06 16:54:02 2005 16:53

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	Session Start: Tue Dec 06 08:33:48 2005Session Ident: #futurestrades
* Now	talking in #futurestrades	08:33
* Topic	is ' #FuturesTrades -> Realtime active trade posting ER2, ES, NQ, YM, Eurex, T-Notes, EuroFX @ http://www.thestrategylab.com/FuturesTra desChatRoom.htm'
* Set	by X on Thu Dec 01 16:23:28
<X>	[NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab
* X	sets mode: +o RacerX
<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.	08:45
<coolweb>	hola!	08:54
* RacerX	sets mode: +v coolweb
<danshirley>	U.S. stocks are headed for a higher opening Tuesday, with year-end rally sentiment intact and Sears Holding Corp likely to rise on earnings that exceeded expectations.	09:17
* RacerX	sets mode: +v danshirley
<danshirley>	Productivity in the business sector surged at a 4.7% annual rate in the third quarter. Economists polled by MarketWatch had expected an increase of 4.5%	09:18
	Unit labor costs - a gauge of wage-push inflationary pressures - fell at a 1% annual pace in the quarter, revised down from a 0.5% decrease
	crude futures held under $60 a barrel, lending a bit of support to the stock market	09:19
	Factory orders at 10	09:20
<PapaJon>	gm all	09:23
* RacerX	sets mode: +v PapaJon
<eminitrader>	morn pj	09:29
* RacerX	sets mode: +v eminitrader
<pat255>	gm all	09:30
* RacerX	sets mode: +v pat255
<eminitrader>	morn pat255	09:31
<X>	[NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab	09:36
* X	sets mode: +o NihabaAshi
<jbraswell>	Shorts ER2 @ 690.90	09:41
<eminitrader>	Shorts ES @ 1268	09:42
<NihabaAshi>	Key Economic Events Today -> 10am est Factory Orders <--- If volatility appears...be prepared to exploit such.	09:44
* RacerX	sets mode: +v NihabaAshi
<jbraswell>	i intend to exploit it like a child star
<jperl>	Shorts YM @ 690.30
* NihabaAshi	sets mode: +v jperl
<jperl>	that should be ER2	09:45
<danshirley>	Shorts YM @ 10883 «« paper »»
<eminitrader>	Covered 1/3 ES Short @ 1267 --> + 1
<jperl>	Shorts ER2 @ 690.30
<mispe>	Shorts YM @ 10882	09:46
* NihabaAshi	sets mode: +v mispe
<jbraswell>	exit stop lowered ER2 @ 690.90	09:47
<mispe>	Covered 1/2 YM Short @ 10877 --> + 5	09:50
<szubaark_>	Shorts YM @ 10877
* RacerX	sets mode: +v szubaark_
<mispe>	Covered Remainder YM Short @ 10882 --> 0	09:51
<danshirley>	Covered 1/2 YM Short @ 10883 --> 0 «« paper »»
<jperl>	Covered ER2 Short @ 690.30 --> 0
<eminitrader>	Covered 1/3 ES Short @ 1266.25 --> + 1.75	09:53
<danshirley>	Covered Remainder YM Short @ 10880 --> + 3 «« paper »»	09:54
<jperl>	Long ER2 @ 690.20
<danshirley>	numbers in 5	09:55
<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.	09:57
<eminitrader>	Covered ES Short @ 1267.25 --> + 0.75	09:59
	Reverse and Enter Long ES @ 1267.25
<NihabaAshi>	Long EuroFX @ 1.17680 -> small size	10:00
<jperl>	Exited ER2 Long @ 690.20 --> 0
<coolweb>	Shorts NQ @ 10883	10:01
<NihabaAshi>	exit stop moved to breakeven EuroFX @ 1.17680	10:02
	Exited 1/3 EuroFX Long @ 1.17780 --> + 0.001
<danshirley>	Shorts YM @ 10872 «« paper »»	10:03
<eminitrader>	Exited all ES Long @ 1265.75 --> - 1.5
<NihabaAshi>	exit stop raised EuroFX @ 1.17690
<mispe>	Shorts YM @ 10873
<coolweb>	stop 10882	10:04
	bbl
<mispe>	Covered all YM Short @ 10873 --> 0	10:06
<jbraswell>	exit stop lowered ER2 @ 689.60
<coolweb>	Shorts NQ @ 10879	10:08
	Covered all NQ Short @ 10880 --> - 1	10:09
	Covered all NQ Short @ 10882 --> - 3
	thats not right
	breakeven
<jbraswell>	Covered all ER2 Short @ 689.60 --> + 1.3
<mispe>	Shorts YM @ 10880	10:12
	Covered all YM Short @ 10883 --> - 3	10:20
<NihabaAshi>	exit stop raised EuroFX @ 1.17720	10:25
<pat255>	nice Niha on eur ...just observe today ...	10:26
<danshirley>	..
* RacerX	sets mode: +v danshirley
<danshirley>	keep losing my connection
<jperl>	Long ER2 @ 690.30	10:27
<NihabaAshi>	pat...I was hoping for more volatility because EuroFX should be well above 1.17900 and its not...	10:28
<pat255>	well was reading somewher that 1.1850 arae folks looking for S...
<NihabaAshi>	Most likely due to the increased volatility in the Eminis since 10am est...was hoping the Eminis wouldn't have this much volatility.	10:29
<mispe>	Shorts YM @ 10903	10:32
<jperl>	Exited ER2 Long @ 690.10 --> - 0.2	10:34
<mispe>	Covered YM Short @ 10903 --> 0	10:41
	Reverse and Enter Long YM @ 10903
<NihabaAshi>	Trailing Stop Hit EuroFX @ 1.17720 --> + 0.0004	10:44
	:(
<pat255>	:(	10:45
<NihabaAshi>	Came within 2 ticks of capturing a pt2 level...wasn't meant to be.
<coolweb>	Shorts NQ @ 10902	10:51
	1 lot
<jbraswell>	Long ES @ 1269.75
	tight stop here, just trying to get a jump on a potential OR breakout
<coolweb>	10902 stop	10:52
<jbraswell>	Exited all ES Long @ 1268.75 --> - 1
<NihabaAshi>	I have a NEUTRAL bias on the Eminis and a BEARISH bias on EuroFX.
<coolweb>	niha: was looking at eurofx, mad chop these days :)	10:53
<NihabaAshi>	Hopefully something changes in the Eminis because I'm not willing to do any counter-trend trading in the Eminis.
<mispe>	Exited all YM Long @ 10896 --> - 7
<NihabaAshi>	coolweb...yep...after that drop...its been consolidating for tha past days.	10:54
	In reference to the drop between Nov 3rd - 14th.	10:55
<coolweb>	haha yeah, counter trend is dangerous,
	keep it at 1 lot
	10901 stop
<NihabaAshi>	I've been waiting patiently in EuroFX for something good to bite on since Nov 14th...nothing really good to bite on since.	10:56
<coolweb>	nihaasbhi : I believe last time we talked about eurofx, I drew lines like 2 weeks ago
	its still chopping at those same lines today
	:)
	nihabashi: I like your bearish/bullish sentiment varying position size	10:57
	Its cool idea
	:)	10:58
	Covered all NQ Short @ 10901 --> + 1	10:59
	nihabashi: I think it mainly keeps you from risking too much for lower rewards, and betting more for higher rewards	11:00
	and thats money
<jperl>	Long ER2 @ 690.70	11:01
<pat255>	bulls abandonned market yest; today, this is bears turn	11:04
<PapaJon>	ARGH... esignal is raising its exchange fees as of Jan 1, 2006	11:06
<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.
<coolweb>	switch to prophet.net :)
	how much they raising?
<PapaJon>	varies.. depends on the exchange(s) u use	11:07
<coolweb>	if you just use their data feeds, lots of cheaper data feeds, if you use their programming, then got to pay the price :)	11:08
<PapaJon>	yup
<coolweb>	i pay $160 tradestation a month, worth ever penny though I do a lot of backtesting with their like 10 year archive data	11:09
<jperl>	Exited ER2 Long @ 689.90 --> - 0.8
<coolweb>	hmm I just learned something
	let me write it down	11:10
<pdays>	Shorts ER2 @ 690.2 «« paper »»	11:11
* NihabaAshi	sets mode: +v pdays
<jbraswell>	Shorts ER2 @ 689.40	11:13
<coolweb>	Shorts NQ @ 10884	11:15
<NihabaAshi>	[11:00] <coolweb> nihabashi: I think it mainly keeps you from risking too much for lower rewards, and betting more for higher rewards	11:16
<coolweb>	Covered all NQ Short @ 10886 --> - 2
	bad
<NihabaAshi>	Yep...I don't believe in trading the same position size for different market conditions.
	Trading the same size all the time no matter what the market is doing seems like one would be ignoring risk control unless they are making adjustments from one day to the next via stop/loss management.	11:17
<mispe>	Long YM @ 10890	11:27
<jbraswell>	Covered all ER2 Short @ 689.40 --> 0	11:29
<mispe>	Exited 1/2 YM Long @ 10896 --> + 6	11:31
	Exited Remainder YM Long @ 10901 --> + 11	11:33
<coolweb>	Long NQ @ 10904	11:48
	Exited all NQ Long @ 10904 --> 0	11:50
<jbraswell>	Long ES @ 1271.25	12:01
<coolweb>	NQ looks like its going to drop	12:03
	going to start my rule book today	12:04
	i mean revise
	the rules of position sizing , entering, and everything in between
<NihabaAshi>	Bullish bias for the Eminis for me now.	12:15
<WannaBeBOS>	ER gunning for all time highs
* NihabaAshi	sets mode: +v WannaBeBOS
<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.	12:18
<jbraswell>	Exited all ES Long @ 1273.25 --> + 2	12:19
<NihabaAshi>	Nice JB.	12:20
<jbraswell>	thanks. I wish I had a runner on that. From now on, I will, as I think it's necessary for the type of system I've been tinkering with on ES.	12:24
	just have to start with two lots on ES always
<coolweb>	I'm going to make less trades now as well	12:45
	back to one shot one kill.	13:04
	with refinement
	looks like we are going to go up more
	$INDU 10936
	30 more points	13:05
	to move
	maybe tomorrow
<PapaJon>	tough to go long here... even with a signal...	13:08
	"better to miss a good trade than take a bad one"	13:09
<coolweb>	yah	13:13
<pat255>	eur took out the 1.18..	13:18
<coolweb>	Papajon: you know, I have the most simplest rules coded in my tradestation, its funny, traders sometims forget, "hey its high risk to go short above yesterdays high unless thats your system" I think this point helps me a lot in my trading, I don't want to think after I have thought already :)	13:22
<PapaJon>	yah.. i know what you mean	13:23
	yesterday bit me good... i overtraded... took "good" signals.. but they were high risk.
	My win/loss ratio was 65%... but my net was very in the red	13:24
	took all afternoon and evening to lick my wounds and re-think/analyze what the heck i did wrong
<coolweb>	yep, in the heat of the trading moment, almost impossible to check your 20 list rules	13:25
<PapaJon>	Then I remembered a key phrase (common really)... "better to miss a good trade than take a bad one"
	Course.. thats assuming that there is a dif between a good trade and a great trade.	13:26
	signals-wise
<coolweb>	yeah
	there are different types of trades
<PapaJon>	in questionable mkt conditions.. its better to let the good ones go by.. wait for the great ones
<coolweb>	good trade - low risk medium reward	13:27
<PapaJon>	tough to do sometimes...
<coolweb>	bad trade - high risk low reward
	great trade - low risk high reward
	newbie trades - high risk , low rewards :)	13:28
	i'm going to stop taking good trades , and only take great trades from now on
	anytime I enter the market
	with 10 contracts, the risk is immediately spread + commission + stop, like 3 ticks right there	13:29
	why bother
<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.	13:30
<eminitrader>	Shorts ES @ 1273	13:58
<GoodMood>	Covered all YM Short @ 10930 --> 0	14:00
* NihabaAshi	sets mode: +v GoodMood
<GoodMood>	Am I the only one who gets disconnected repeatedly ?	14:18
* NihabaAshi	sets mode: +v GoodMood
<eminitrader>	Covered all ES Short @ 1273 --> 0	14:19
<PapaJon>	must be ur isp goodmood	14:25
<GoodMood>	hmm	14:26
<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.	14:39
<eminitrader>	Shorts ES @ 1272.50	14:43
	Covered ES Short @ 1273 --> - 0.5	15:00
	Reverse and Enter Long ES @ 1273
	Exited all ES Long @ 1271 --> - 2	15:05
<togglex>	was there some news or something?	15:11
<coolweb>	:)	15:13
	market angry
	dow growls	15:14
<danshirley>	something bad is going on	15:17
<jbraswell>	damn, I missed that ride.	15:18
<coolweb>	more to come
	I'm getting ready
	slap in the face reversal :D	15:19
<danshirley>	don't see any news yet
<coolweb>	nevermind 3:20	15:20
	I ain't trading
	any market beatdowns require at least 1.5-2 hours :)	15:21
	didn't get fidlled	15:39
	but cool
	:)
<jbraswell>	Shorts ES @ 1266.50
	Covered all ES Short @ 1265 --> + 1.5
	a quick buck at the end	15:40
<PapaJon>	nice quicky jb	15:44
<GoodMood123>	Long YM @ 10865	15:47
* RacerX	sets mode: +v GoodMood123
<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.	15:51
<pdays>	Exited all YM Long @ 687.3 --> - 9780.7 «« paper »»	15:54
* NihabaAshi	sets mode: +v pdays
<pdays>	not
<GoodMood123>	Exited all YM Long @ 10868 --> + 3	15:59
<danshirley>	from marketwatch: A strategist said program trading appeared to have helped push stocks below their session highs in the final half hour	16:11
<togglex>	that doesn't say anything :P	16:13
<NihabaAshi>	I took it easy this afternoon (no trading)...did some personal stuff because I felt I wasn't "mentally" prepared to trade today after my EuroFX trade.	16:31
	Tomorrow is a new day :)	16:32
	Take care and see all tomorrow.
* NihabaAshi	is now known as NihabaAshi_away
<coolweb>	tomorrow	16:49
	nasdaq
	shorting time :D
* DisconnectedSession	Close: Tue Dec 06 16:54:02 2005	16:53