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| December Trade Log | Trade Strategies | WRB Analysis Tutorials | Music While Trading | Testimonials | Disclaimer |
#FuturesTrades
December 17th Wednesday 2008 Trade Log
Trade Posting Chat Log Info: My name is M.A. Perry (a.k.a. online as NihabaAshi - martial arts & Japanese Candlestick term) and I am the moderator of #FuturesTrades.
Simply, my job is to keep the peace and ensure #FuturesTrades is a useful community of traders from around the world that have gather in a virtual trading office.
In addition, I personally use the below chat log as feedback for critical trading information that's not available when I review my broker statements nor any statistical analysis of my trading. To maintain the usefulness of the below chat log, all of my trades were posted in real-time within 5 seconds after entry or exit unless otherwise noted in the log.
Further, although I'm not familiar with the trade methods used by most members of #FuturesTrades, I use a rule based methodology (very objective) that involves price action only trading (no indicators). However, some of my trades are intuition via market experience in combo with many concepts from my rule based methodology.
My own current performance record and broker profit/loss statement is posted at the bottom of today's log.
With that said, today's trade posting chat log is below and it contains trades posted in real-time by #FuturesTrades members including all of my own trades that were posted in real-time.
Last of all, if you want the instructions for gaining access to our free #FuturesTrades chat room...click here.
#FuturesTrades purpose, benefits and access info for day traders, swing traders and position traders...click here.
Time Zone Info Chat Log below is eastern standard time (est.) - New York City, U.S.A and/or Montréal, Canada time zone. <@X> #FuturesTrades Info -> No gurus, no head traders. Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade because it provides critical information they can't get from broker statements nor statistics. Also, mimicking the trades by others is not recommended without their permission. More info at http://www.thestrategylab.com/FuturesTradesChatRoom.htm
Session Ident: #futurestrades
[08:44] * Now talking in #futurestrades
[08:44] <@X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm
[08:45] <rickf> gm
[08:48] <pat255> gm all
[08:51] <+rickf> gm pat
[08:51] <+rickf> back in a bit
[08:51] <+pat255> k rick
[08:56] <werner> gm all
[08:59] <+pat255> abby cohen in her 2009 prediction said she expected S&P earnings for 2009 would be around 55.00 and here S&P target was 1150. lol do some math
[09:04] <@NihabaAshi> Good morning all...I won't be trading today due to taking care of a sick toddler while spouse needs to go with the 6 year old and his school on a field trip to the museum in Montréal. However, I will drop in and chat a little whenever the toddler gets some sleep during the day.
[09:05] * NihabaAshi is now known as NihabaAshi_away
[09:05] <+pat255> sorry to hear that ...take care N
[09:08] <+werner> take care niha
[09:17] <ripsboy> gm all...
[09:22] <PapaJon> gm all
[09:25] <bazooka85> gm all
[09:27] <LumenPharmer> gm all
[09:27] <jbuch> gm everyone
[09:29] <ItalianSharp> morning all
[09:31] * silo[zZ] is now known as silo
[09:42] <bazooka85> tes
[09:43] <+bazooka85> 0,4 Shorts ES @ 903.00
[09:47] <szubaark> 0,3 Buys ES @ 905 4,0 «« paper »»
[09:47] <+bazooka85> 0,2 Covered all ES Short @ 905.00 --> - 2
[09:51] <+szubaark> 0,6 exit stop set ES @ 902.50 4,0 «« paper »»
[09:55] <+szubaark> 0,2 Exited all Long ES at 903.25 --> - 1.75 4,0 «« paper »»
[09:55] <+szubaark> 0,4 Shorts ES @ 903.25 4,0 «« paper »»
[09:57] <+bazooka85> 0,2 Covered all ES Short @ 902.25 --> + 0.75
[09:57] <+bazooka85> oops
[10:00] <+szubaark> 0,2 Covered all Short ES at 906.25 --> - 3 4,0 «« paper »»
[10:00] <+szubaark> 0,3 Buys ES @ 906.25 4,0 «« paper »»
[10:02] <@X> 1,4 #FuturesTrades Info -> 1,0 Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.php?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades.
[10:04] <+szubaark> 0,2 Exited all Long ES at 901.50 --> - 4.75 4,0 «« paper »»
[10:04] <+szubaark> 0,4 Shorts ES @ 901.50 4,0 «« paper »»
[10:13] <+szubaark> Tightening Stop
[10:21] <+szubaark> 0,2 Covered all Short ES at 898 --> + 3.5 4,0 «« paper »»
[10:23] <silo> 0,4 Shorts YM @ 8768 4,0 «« paper »»
[10:23] <+silo> 0,2 Covered all YM Short @ 8777 --> - 9 4,0 «« paper »»
[10:26] <+silo> 0,4 Shorts YM @ 8770 4,0 «« paper »»
[10:29] <+szubaark> 0,4 Shorts ES @ 897.25 4,0 «« paper »»
[10:35] <+rickf> back
[10:35] <+szubaark> hi rick
[10:38] <+silo> 0,4 Shorts YM @ 8777 -> Add 4,0 «« paper »»
[10:39] <bazooka85> 0,4 Shorts ES @ 898.50 4,0 «« paper »»
[10:43] <+silo> 0,2 Covered all YM Short @ 8780 --> - 13 4,0 «« paper »»
[10:44] <+szubaark> Sneaky
[10:47] <+szubaark> 0,2 Covered all Short ES at 904 --> - 6.75 4,0 «« paper »»
[10:47] <+szubaark> 0,3 Buys ES @ 904 4,0 «« paper »»
[10:50] <+szubaark> 0,2 Exited all Long ES at 901 --> - 3 4,0 «« paper »»
[10:50] <+szubaark> 0,4 Shorts ES @ 901 4,0 «« paper »»
[10:54] <+szubaark> 0,2 Covered all Short ES at 904.25 --> - 3.25 4,0 «« paper »»
[10:54] <+szubaark> 0,3 Buys ES @ 904.25 4,0 «« paper »»
[10:54] <+szubaark> another tough day
[10:56] <+silo> stocks really want to go up
[10:57] <+pat255> y
[11:02] <+szubaark> looks like gap close now
[11:05] <+szubaark> 0,2 Exited all Long ES at 903.25 --> - 1 4,0 «« paper »»
[11:05] <+szubaark> 0,4 Shorts ES @ 903.25 4,0 «« paper »»
[11:20] <+jbuch> dang 4.75% for refi home loan
[11:24] <+szubaark> wow... thats not including this recent cut
[11:28] <+jbuch> I think that it is more a result of the feds saying they are buying mortage backed securities
[11:31] <+szubaark> 0,2 Covered all Short ES at 902 --> + 1.25 4,0 «« paper »»
[11:34] <+szubaark> 0,4 Shorts ES @ 899.50 4,0 «« paper »»
[11:34] <T-stop> obama in 10 mins, fwiw
[11:36] <+T-stop> obama now
[11:36] <bazooka85> now?
[11:37] <+bazooka85> link?
[11:37] <+T-stop> cnbc
[11:37] <+bazooka85> dont have(
[11:37] <+T-stop> all
[11:37] <+T-stop> cnn, fox
[11:38] <+bazooka85> nope
[11:38] <+bazooka85> tyra banks is on lol
[11:38] <JimL> bloomberg news, free internet
[11:40] <+bazooka85> http://www.bloomberg.com/avp/avp.htm?clipSRC=LiveBTV#
[11:42] <+szubaark> 0,2 Covered all Short ES at 902.50 --> - 3 4,0 «« paper »»
[11:42] <+szubaark> 0,3 Buys ES @ 902.50 4,0 «« paper »»
[11:46] <+bazooka85> 0,4 Shorts ES @ 903.50
[11:48] * codehead_afk is now known as codehead
[11:50] <+szubaark> Tightening Stop
[11:52] <+szubaark> market in a coma
[11:54] <+szubaark> 0,2 Exited all Long ES at 902.25 --> - 0.25 4,0 «« paper »»
[11:55] <+szubaark> 0,4 Shorts ES @ 902 4,0 «« paper »»
[11:57] <+szubaark> 0,2 Covered all Short ES at 904.50 --> - 2.5 4,0 «« paper »»
[11:57] <+szubaark> 0,3 Buys ES @ 904.50 4,0 «« paper »»
[12:01] <futurible> 0,4 Shorts ES @ 903.25 4,0 «« paper »»
[12:05] <+futurible> 0,2 Covered all ES Short @ 903.25 --> 0 4,0 «« paper »»
[12:05] <+szubaark> 0,6 exit stop set ES @ 902.25 4,0 «« paper »»
[12:06] <bazooka85> still short at 903.50
[12:06] <+bazooka85> hope ur right futurible
[12:08] <+bazooka85> 0,2 Covered all ES Short @ 905.50 --> - 2
[12:08] <@X> 1,4 #FuturesTrades Info -> 1,0 Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.php?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades.
[12:21] <+szubaark> 0,2 Exited all Long ES at 907.25 --> + 2.75 4,0 «« paper »»
[12:24] <+szubaark> 0,4 Shorts ES @ 907.25 4,0 «« paper »»
[12:25] <+szubaark> 0,2 Covered all Short ES at 909 --> - 1.75 4,0 «« paper »»
[12:25] <+szubaark> 0,3 Buys ES @ 909 4,0 «« paper »»
[12:32] <futurible> 0,4 Shorts ES @ 909.25 4,0 «« paper »»
[12:33] <+jbuch> 0,3 Long ES @ 910.25 4,0 «« paper »»
[12:34] <+szubaark> 0,2 Exited all Long ES at 907.50 --> - 1.5 4,0 «« paper »»
[12:34] <+szubaark> 0,4 Shorts ES @ 907.50 4,0 «« paper »»
[12:34] <+jbuch> 0,2 Exited ES Long @ 908 --> - 2.25 4,0 «« paper »»
[12:34] <+jbuch> 0,4 Reverse and Enter Short ES @ 908 4,0 «« paper »»
[12:35] <+futurible> 0,2 Covered 1/2 ES Short @ 907.25 --> + 2 4,0 «« paper »»
[12:36] <+jbuch> glad I switched back to paper
[12:38] <+szubaark> yea market became extremely tough last 2 weeks
[12:38] <+jbuch> 0,2 Covered all ES Short @ 907.5 --> + 0.5 4,0 «« paper »»
[12:39] <+futurible> 0,2 Covered 1/4 ES Short @ 906.25 --> + 3 4,0 «« paper »»
[12:40] <+jbuch> I agree szu
[12:40] <+futurible> 0,2 Covered Remainder ES Short @ 907.25 --> + 2 4,0 «« paper »»
[12:41] <+szubaark> tight choppy ranges, impossible to make money with tight Stops
[12:41] <+jbuch> it's begining to feel alot like xmas
[12:41] <+szubaark> yea Kmart christmas
[12:42] <+jbuch> hehe
[12:44] <+jbuch> 0,4 Shorts ES @ 905.75 4,0 «« paper »»
[12:44] <+rickf> short es 906
[12:46] <+szubaark> 0,6 exit stop set ES @ 907.50 4,0 «« paper »»
[12:47] <+rickf> exit 906 b/e
[12:47] <+rickf> too early an entry
[12:48] <+jbuch> 0,2 Covered all ES Short @ 906 --> - 0.25 4,0 «« paper »»
[12:49] <+szubaark> 0,2 Covered all Short ES at 907.50 --> 0 4,0 «« paper »»
[12:50] <+szubaark> 0,3 Buys ES @ 908.50 4,0 «« paper »»
[12:54] <+szubaark> up up and away
[13:01] <+silo> lol
[13:01] <+silo>
[13:01] <+jbuch> gmac is having trouble
[13:02] <+szubaark> IB went down
[13:02] <+szubaark>
[13:02] <+szubaark> crap need to re-boot
[13:02] <+T-stop> ok here
[13:02] <+jbuch> may resuly in thousands of dealerships going out of business
[13:02] <+jbuch> cnbc
[13:05] <+szubaark> 0,2 Exited all Long ES at 908.25 --> - 0.25 4,0 «« paper »»
[13:05] <+szubaark> 0,4 Shorts ES @ 908.25 4,0 «« paper »»
[13:10] <+szubaark> 0,2 Covered all Short ES at 909.75 --> - 1.5 4,0 «« paper »»
[13:10] <+jbuch> 0,3 Long ES @ 909.5 4,0 «« paper »»
[13:10] <+szubaark> 0,3 Buys ES @ 909.75 4,0 «« paper »»
[13:10] <+szubaark> every pullback is bought
[13:11] <+szubaark> still range too small to get any runners going as it pulls back enough to whack every Long
[13:11] <+jbuch> higher and higher lows all day but I have very little faith in this long
[13:13] <+jbuch> 0,2 Exited 1/2 ES Long @ 911.25 --> + 1.75 4,0 «« paper »»
[13:14] <+jbuch> 0,2 Exited all ES Long @ 909.75 --> + 0.25 4,0 «« paper »»
[13:15] <+jbuch> good day for scalping should not have been gready and gone with my 2 point scalp
[13:15] <+silo> 0,4 Shorts YM @ 8869 4,0 «« paper »»
[13:16] <futurible> silo,paper?
[13:16] <+silo> yeah
[13:16] <+silo> need more practice
[13:16] <+futurible> ok,thx
[13:17] <+silo> 0,2 Covered all YM Short @ 8884 --> - 15 4,0 «« paper »»
[13:19] <+jbuch> typically when something moves 1.5 to 2 points in my favor I protect my profits with a breaeven stop
[13:20] <+jbuch> hard to do in this market
[13:20] <+szubaark> too much noise for 2 point Stops in this market right now
[13:20] <+szubaark> unless your Entries are Pefect
[13:21] <+szubaark> im still working on Perfect entries LOL
[13:24] <+rickf> jbuch - that's what i normally do
[13:24] <+rickf> then hold a 2pt manually-dragged trail
[13:24] <+rickf> today's a fixed-target day it seems --- in and out if you can
[13:25] <+szubaark> anybody has any upside targets?
[13:25] <+rickf> 916 would be brakout from yesterday's high
[13:25] <+rickf> but no target per se
[13:26] <+szubaark> this is turning into a strong uptrend day now
[13:26] <+jbuch> i would sell right now:))
[13:30] <+silo> 0,3 Long YM @ 8884 4,0 «« paper »»
[13:30] <+szubaark> 0,6 exit stop set ES @ 910 4,0 «« paper »»
[13:37] <bazooka85> busted my live account
[13:38] <+bazooka85> going to trade paper a lot longer
[13:38] <+bazooka85>
[13:38] <+silo> 0,2 Exited 1/2 YM Long @ 8910 --> + 26 4,0 «« paper »»
[13:38] <+szubaark>
[13:38] <+bazooka85> it's like i forgot how to trade completely
[13:38] <+bazooka85> i have no clue even right now how i did so well in paper
[13:38] <+jbuch> rickf got a phone call I agrre on the fixed targets
[13:39] <+rickf> my base-hit strategy is a 2.25 target
[13:39] <+szubaark> bazooka is this your first account bust?
[13:39] <+rickf> 2pt profit 1 tick covers commish
[13:39] <+rickf>
[13:39] <+jbuch> im at 2 points
[13:39] <+rickf> sorry to hear that bazooka
[13:39] <+bazooka85> no
[13:40] <+bazooka85> second
[13:40] <+bazooka85> i lost 1751 first time, very first day
[13:40] <+jbuch> bazooka sorry to hear
[13:40] <+bazooka85> all emotional
[13:40] <+bazooka85> today lost 700, going to quit
[13:40] <+szubaark> yea small account is tough to trade because its more emotional then Big account
[13:41] <+silo> 0,2 Exited Remainder YM Long @ 8919 --> + 35 4,0 «« paper »»
[13:41] <+jbuch> I was worried when your first trade was such a success
[13:41] <+jbuch> you seemed to throw caution to the wind
[13:42] <+jbuch> I am sure that many people here have similar stories
[13:42] <+bazooka85> i dont know what to do
[13:42] <+jbuch> I do
[13:43] <+szubaark> yea ive blown 5 accounts at least before decided to go paper.. this is extremely competative arena
[13:43] <+jbuch> The I do was in relation to the similar story
[13:43] <+szubaark> probobly one of the hardest things to do on a consitant level week after week
[13:44] <+bazooka85> yeah i know
[13:45] <+bazooka85> silo are u trading consistently now?
[13:49] <+rickf> when i went live the second time in oct i had 150% return --- and gave it all back being greedy and stupid and cocky
[13:49] <+rickf> didn't blow out the account but blew out the profits
[13:49] <+rickf> in my mind, same thing, though
[13:49] <+jbuch> bazooka slow down watch the tape look through old charts and figure out a couple of consistent patterns that usually produce winners. try to figure where they don't work and where they do and only trade those patterns
[13:49] <+rickf> back to controlled targets, better entries, better risk management
[13:49] <+rickf> no chasing, no instincts, no panic
[13:50] <+rickf> if i dont' like the setup i wont trade it, period
[13:50] <+ItalianSharp> rick, sounds good
[13:50] <+ItalianSharp> that's what i call "learning from mistakes"
[13:50] <+rickf> better to be flat and solvent than poor from errors
[13:50] <+szubaark> 0,2 Exited all Long ES at 915.25 --> + 5.5 4,0 «« paper »»
[13:50] <+rickf> er poor from trades
[13:50] <+ItalianSharp> i always say this: better bored than broke
[13:50] <+rickf> that's a good quote come to think of it
[13:52] <+bazooka85> ugh
[13:52] <+bazooka85> i know jbuch
[13:52] <+bazooka85> i was doing very well without tape
[13:52] <+bazooka85> using vol histogram
[13:52] <+bazooka85> and trendlines
[13:53] <+bazooka85> are u live now rick?
[13:53] <+rickf> been live since oct
[13:58] <+bazooka85> ugh wasnt for you jbuch
[13:58] <+bazooka85> i ugh at myself
[13:59] <+szubaark> 0,4 Shorts ES @ 913.75 4,0 «« paper »»
[14:00] <+jbuch> 0,4 Shorts ES @ 913.75 4,0 «« paper »»
[14:02] <+jbuch> my first day of "day trading" I made like 400 bucks the second day I was buying and selling 10,000 to 15,000 shares and made 3,200 bucks.
[14:02] <+bazooka85> jeez
[14:03] <+bazooka85> lol i thought u were trying to encourage me, not make me feed bad about myself
[14:03] <+jbuch> I was calling all my buddies up telling em how easy this is yadda yadda
[14:03] <+bazooka85> o
[14:03] <+jbuch> the next day lost 1200 bucks in about 2 minutes
[14:04] <+szubaark> if this was easy everyone would be doing it
[14:04] <+jbuch> the next day it took me about ten minutes
[14:04] <+szubaark> everytime Wizetrade comes to my area, its Packed
[14:05] <+rickf> never been to their seminars - but laugh at their infomercials
[14:05] <+szubaark> or 4XMadeEasy
[14:05] <+rickf> buy on green sell on red, it's THAT easy
[14:05] <+jbuch> the next day i broke into a sweet and started shaking when i put on a trade:)
[14:05] <+rickf> the fact i gave up so much $$ that week in october scared me pretty straight
[14:06] <+rickf> i watched the tape for a few weeks after -- didn't even papertrade, just watched
[14:06] <+bazooka85> lol
[14:06] <+bazooka85> what do u look for
[14:06] <+bazooka85> when ur watching tape
[14:06] <+bazooka85> big orders at market?
[14:06] <+szubaark> 0,2 Covered all Short ES at 915 --> - 1.25 4,0 «« paper »»
[14:06] <+jbuch> the best way to learn no distractions
[14:06] <+rickf> nope - chart watching, not time/sales watching
[14:07] <+rickf> i dont look @ volume much aside from the aggregate bid/ask numbers on my DOM
[14:07] <+rickf> no cnbc
[14:07] <+rickf> no music
[14:08] <+bazooka85> how long did u paper
[14:08] <+szubaark> 0,3 Buys ES @ 915.50 4,0 «« paper »»
[14:08] <+bazooka85> and trade in general
[14:08] <+jbuch> pick one time frame and watch every bar develop
[14:08] <+rickf> paper traded this broker for several months
[14:08] <+rickf> feb-sep
[14:08] <+bazooka85> wow
[14:08] <+bazooka85> i did it for two months
[14:09] <+jbuch> 0,2 Covered all ES Short @ 914 --> - 0.25 4,0 «« paper »»
[14:10] <+szubaark> amazing, NO PULLBACKS
[14:10] <+rickf> we had a pull back
[14:10] <+rickf> 916 to 912-ish
[14:10] <+jbuch> it was just small and tight
[14:11] <+szubaark> yes tight, unless u scalping for 1 point
[14:11] <+jbuch> good day for it
[14:11] <@X> 1,4 #FuturesTrades Info -> 1,0 Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.php?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades.
[14:12] <+szubaark> u giving up .50 (2 Ticks) right away for Buying@ask selling@Bid.. so needs to move 6 ticks to get 1 point.. and pullback is barely 2 Points LOL
[14:13] <+szubaark> its not as easy as it looks in hindsight
[14:13] <+rickf> neveris
[14:13] <+jbuch>)
[14:14] <+szubaark> and throw in CHOP candles, and all odds are against you from start
[14:15] <+jbuch> good day to watch and learn as rickf said last week
[14:15] <+szubaark> yeah im tweaking my system once again all week (for the 100+'s time)
[14:16] <+szubaark> trying out new Trailing and Entry tweak
[14:16] <+rickf> brb phone
[14:16] <+szubaark> still having problems with Discipline and keep switching to OLD method
[14:18] <+ItalianSharp> creeping up
[14:18] <+ItalianSharp> should tank hard if trend changes
[14:18] <+bazooka85> write it down
[14:19] <+LumenPharmer> take care all
[14:19] <+codehead> 8941 is a wave symmetry target, 8938 was yesty hod, so that 8940 hit a possible high
[14:19] <+ItalianSharp> either it's HUGE accumulation...or HUGE distribution
[14:19] <+ItalianSharp> can't tell because as long as we creep up, it could be either of them
[14:19] <+ItalianSharp> recommendation is: take profits quickly
[14:19] <+ItalianSharp> this is not a market you wanna get greedy with
[14:20] <+ItalianSharp> first spike you get in your favor, get out
[14:20] <+ItalianSharp> market can't sustain any move
[14:20] <+ItalianSharp> it's been like this for over a month now
[14:20] <+ItalianSharp> cant remember when the last trend day was
[14:21] <+szubaark> 0,2 Exited all Long ES at 914.25 --> - 1.25 4,0 «« paper »»
[14:22] <+ItalianSharp> wow...
[14:22] <+szubaark> 0,4 Shorts ES @ 914.25 4,0 «« paper »»
[14:22] <+ItalianSharp> this is gonna hurt a lot of people
[14:22] <+ItalianSharp> weak longs all flushed out
[14:22] <+ItalianSharp> here is something interesting i've been observing:
[14:22] <+ItalianSharp> when we have creeping days - especially creeping up days -
[14:22] <+ItalianSharp> and then big volatility to the downside steps in...like it is doing now...
[14:23] <+werner> indd IS ...quickly profits
[14:23] <+ItalianSharp> it's not 100% sure we'll be selling off...
[14:23] <+ItalianSharp> like...
[14:23] <+ItalianSharp> i've seen big downside volatility step in...
[14:23] <+ItalianSharp> and it was quickly matched by big upside volatility
[14:23] <+ItalianSharp> only to move way higher
[14:24] <+ItalianSharp> hence, although this drop must be respected...
[14:24] <+ItalianSharp> i still wanna see it tested first
[14:24] <+ItalianSharp> i used to make this mistake many times...i see big sellers stepping in...
[14:24] <+ItalianSharp> and since we'd been creeping up all day on weak volatility...
[14:24] <+ItalianSharp> i'd be like: oh, bulls are done, here come the bears
[14:25] <+ItalianSharp> wrong
[14:25] <+ItalianSharp> it's not so automatic
[14:25] <+ItalianSharp> bulls dont need to go crazy if there is no bear opposing the move
[14:25] <+ItalianSharp> that explains the creeping uptrend
[14:25] <+ItalianSharp> now bears stepped in
[14:25] <+ItalianSharp> let's see if this drop is matched by bulls
[14:26] <+ItalianSharp> it's like...little guys were fighting against each other thorughout the day...
[14:26] <+ItalianSharp> now big guys are in...
[14:26] <+ItalianSharp> let's see if the bulls have some big guys too
[14:27] <+ItalianSharp> this last drop shook out weak shorts
[14:27] <+ItalianSharp> if that was its purpose, we should see new highs soon
[14:28] <+ItalianSharp> if we keep dropping, then it's for real
[14:28] <+szubaark> NQ doesnt look hot right now
[14:28] <+ItalianSharp> nope, none of the eminis does...but things could a lot different in 5mins
[14:28] <+ItalianSharp> i am sitting out now because this is a decisive moment of the day
[14:29] <+ItalianSharp> bulls must check in soon before bears take over for good
[14:29] <+szubaark> Volatility Increasing to downside
[14:30] <+ItalianSharp> big support around here
[14:30] <+ItalianSharp> expecting some bulls to show up
[14:32] <+szubaark> or a Bull trap
[14:33] <+ItalianSharp> szu, so far bulls arent showing up
[14:33] <+ItalianSharp> looks like this drop may be for real
[14:33] <+ItalianSharp> it was never a strong up trend day anyways
[14:33] <+jbuch> 0,4 Shorts ES @ 907 4,0 «« paper »»
[14:33] <+ItalianSharp> so i am not surprised to see eminis tanking
[14:35] <+bazooka85> 0,3 Long ES @ 905.75
[14:35] <+bazooka85> 0,3 Long ES @ 905.75
[14:35] <+bazooka85> oops
[14:35] <+jbuch> 0,2 Covered all ES Short @ 906 --> + 1 4,0 «« paper »»
[14:36] <+silo> two cool songs for you guys to check out: (in portuguese)
[14:36] <+silo> http://www.youtube.com/watch?v=-WDZjHmn6JQ
[14:36] <+rickf> back
[14:36] <+silo> http://www.youtube.com/watch?v=sXmWAOIWg3w
[14:36] <+jbuch> thanxs silo
[14:36] <+szubaark> Weak buyers
[14:37] <+bazooka85> 0,2 Exited all ES Long @ 904.25 --> - 1.5
[14:38] <+ItalianSharp> yes
[14:38] <+ItalianSharp> doesnt look too hot right now for bulls
[14:38] <+bazooka85> 0,3 Long ES @ 904.25
[14:38] <+ItalianSharp> buyers should step in...just don't know when
[14:38] <+silo> last one: http://www.youtube.com/watch?v=Jw6TnHYUkPg
[14:38] <+ItalianSharp> they need to step in to get us short opportunities
[14:39] <+rickf> bond money bump anyttime
[14:39] <+rickf> 230-250 ish
[14:39] <+rickf> then we figure out what happens into the close
[14:40] <+szubaark> Tightening Stop
[14:41] <+rickf> hrm this might have some near term leg
[14:42] <+bazooka85> 0,2 Exited all ES Long @ 906.50 --> + 2.25
[14:42] <+rickf> vn
[14:42] <+szubaark> 0,2 Covered all Short ES at 908.25 --> + 6 4,0 «« paper »»
[14:42] <+rickf> wtf
[14:42] <+rickf> er wtg
[14:42] <+szubaark> thnx
[14:42] <+jbuch> sweet szu
[14:43] <+szubaark> took 2 tries before i caught this Short
[14:43] <+bazooka85> lol
[14:43] <+bazooka85> "wtf"
[14:44] <+rickf> yah freudian slip
[14:44] <+bazooka85> ur so mean
[14:45] <+rickf> short es 906
[14:45] <+szubaark> 0,4 Shorts ES @ 905.25 4,0 «« paper »»
[14:46] <+rickf> out 905.75 +.25
[14:46] <+bazooka85> rick
[14:46] <+bazooka85> ill show u how to post your plays better
[14:47] <+jbuch> nice policy
[14:47] <+rickf> i dont use the script
[14:47] <+rickf> thx jb
[14:47] <+bazooka85> do u want to?
[14:47] <+ItalianSharp> price action getting real fast and jumpy
[14:47] <+rickf> not running windows irc client
[14:47] <+bazooka85> o
[14:47] <+rickf> thx anyway
[14:47] <+bazooka85> mac boy
[14:47] <+jbuch> 0,3 Long ES @ 908.5 4,0 «« paper »»
[14:47] <+szubaark> 0,2 Covered all Short ES at 908.50 --> - 3.25 4,0 «« paper »»
[14:47] <+rickf>
[14:49] <+bazooka85> 0,3 Long ES @ 908.00
[14:51] <+szubaark> 0,3 Buys ES @ 910 4,0 «« paper »»
[14:52] <+jbuch> 0,2 Exited all ES Long @ 908.75 --> + 0.25 4,0 «« paper »»
[14:53] <+jbuch>
[14:53] <+szubaark> too much congestion here
[14:54] <+bazooka85> go uppp
[14:55] <+rickf> funny how on one tick chart i'd go short and on another i'd look long .... funny what a difference 250t makes lol
[14:56] <+szubaark> 0,2 Exited all Long ES at 907 --> - 3 4,0 «« paper »»
[14:56] <+rickf>
[14:56] <+szubaark> 2 FAKEOUTS
[14:56] <+szubaark> 3pm, should get intresting now
[14:56] <+bazooka85> 0,2 Exited all ES Long @ 906 --> - 2
[15:00] <+szubaark> 0,3 Buys ES @ 910.75 4,0 «« paper »»
[15:05] <kos> tst
[15:05] <+rickf> long es 911
[15:06] <+rickf> out 912.25 +1.25
[15:08] <+jbuch> 0,3 Long ES @ 911.5 4,0 «« paper »»
[15:10] <+szubaark> needs to go up now or we going down
[15:11] <+silo> that's usually how it works
[15:11] <+silo>
[15:11] <+silo> you nailed it hehe
[15:11] <+jbuch> 0,2 Exited all ES Long @ 909.5 --> - 2 4,0 «« paper »»
[15:11] <+szubaark> 0,2 Exited all Long ES at 909.50 --> - 1.25 4,0 «« paper »»
[15:12] <+szubaark> 0,4 Shorts ES @ 909.50 4,0 «« paper »»
[15:15] <+jbuch> 0,3 Long ES @ 909.75 4,0 «« paper »»
[15:15] <+szubaark> lovely Whipsaws
[15:16] <+szubaark> 0,2 Covered all Short ES at 912.50 --> - 3 4,0 «« paper »»
[15:16] <+jbuch> i have up on the brain
[15:16] <+szubaark> cant go PLUS again today.. too tough market
[15:17] <+jbuch> i have thought that on a couple of other days
[15:17] <+szubaark> 0,3 Buys ES @ 913.50 4,0 «« paper »»
[15:17] <+szubaark> GO!!!!!!!
[15:17] <+jbuch> 0,2 Exited 1/2 ES Long @ 913.35 --> + 3.6 4,0 «« paper »»
[15:19] <+szubaark>
[15:19] <+szubaark> wants to bounce up and down here
[15:21] <bazooka85> 0,3 Long ES @ 912.25
[15:22] <+szubaark> i think this day is done
[15:22] <+jbuch> 0,2 Exited 1/4 ES Long @ 912.5 --> + 2.75 4,0 «« paper »»
[15:23] <+jbuch> b/e on last
[15:23] <+szubaark> 0,2 Exited all Long ES at 909.25 --> - 4.25 4,0 «« paper »»
[15:23] <+szubaark> gezzzz
[15:24] <+jbuch> 0,2 Exited Remainder ES Long @ 910 --> + 0.25 4,0 «« paper »»
[15:24] <+bazooka85> 0,2 Exited all ES Long @ 909.75 --> - 2.5
[15:25] <+jbuch> 0,3 Long ES @ 910.75 4,0 «« paper »»
[15:25] <+jbuch> oops now
[15:26] <+jbuch> 0,2 Exited all ES Long @ 908.75 --> - 2 4,0 «« paper »»
[15:27] <+szubaark> 0,4 Shorts ES @ 906.75 4,0 «« paper »»
[15:27] <+szubaark> TANK!!!!!
[15:29] <GoodMood> tanks ? Sharmans or Abrams ?
[15:29] <+GoodMood> Shermans
[15:34] <+szubaark> 0,2 Covered all Short ES at 906.50 --> + 0.25 4,0 «« paper »»
[15:34] <+szubaark> im done, too exhausted
[15:34] * szubaark is now known as szubaark-away
[15:36] <bazooka85> 0,4 Shorts ES @ 906.00
[15:40] <+silo> 0,4 Shorts YM @ 8833 4,0 «« paper »»
[15:40] <+silo> 0,2 Covered all YM Short @ 8848 --> - 15 4,0 «« paper »»
[15:40] <+bazooka85> 0,2 Covered all ES Short @ 908 --> - 2
[15:41] <+jbuch> 0,3 Long ES @ 908.25 4,0 «« paper »»
[15:42] <+bazooka85> 0,3 Long ES @ 907.75
[15:42] <+jbuch> 0,2 Exited 1/2 ES Long @ 910.25 --> + 2 4,0 «« paper »»
[15:43] <+silo> 0,4 Shorts YM @ 8854 4,0 «« paper »»
[15:44] <+jbuch> 0,2 Exited Remainder ES Long @ 908.25 --> 0 4,0 «« paper »»
[15:45] <Guest> anybody here uses opentick to receive data?
[15:47] <+silo> 0,2 Covered all YM Short @ 8869 --> - 15 4,0 «« paper »»
[15:47] <+silo> i'm done
[15:47] <+GoodMood> Guest, I testes Opentick some years ago
[15:47] <+GoodMood> it was horrible
[15:47] <+jbuch> 0,3 Long ES @ 910.5 4,0 «« paper »»
[15:47] <+Guest> thx goodmood
[15:48] <+GoodMood> whats your broker Guest ?
[15:48] <+Guest> IB and Openecry
[15:48] <+GoodMood> use IB's data
[15:48] <+bazooka85> 0,2 Exited all ES Long @ 910.75 --> + 3
[15:48] <+GoodMood> its good enough
[15:49] <+bazooka85> when i was trading live i had like 3 consecutive failing trades
[15:49] <+Guest> i'm looking for a fast price feed for the cash index like indu (dow index)
[15:49] <+GoodMood> thats INDU at IB
[15:49] <+bazooka85> two times in two days
[15:49] <+Guest> yes, but i think it's not that quick in refreshing prices
[15:50] <+GoodMood> I dont know how often INDU is calculated at the exchange ...
[15:50] <+jbuch> 0,2 Exited all ES Long @ 912.5 --> + 2 4,0 «« paper »»
[15:53] <+bazooka85> 0,3 Long ES @ 910.00
[15:55] <+bazooka85> 0,2 Exited all ES Long @ 908.00 --> - 2
[16:16] <+werner> gn all
[16:17] <@X> 1,4 #FuturesTrades Info -> 1,0 Some members (including me) explain basic details about their trades posted in #FuturesTrades @ http://thestrategylab.com/forum/index.php?board=58.0 and there's a link there to take you to #FuturesTrades archived logs if you're interested in reviewing past trades or market commentary posted in #FuturesTrades.
Session Close: Thu Dec 18 00:00:00 2008Trading Edge: Trading Strategies -> Strategies used by NihabaAshi, from entry to exit, exploit inefficiencies in the price action for profits of the following trading instruments via WRB Analysis and Intermarket Analysis: Emini Index Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Index Derivatives (DAX, ESTX50), Euronext Index Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Energy Futures (CL, NG, HO, QM), COMEX Metals Futures (GC), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI)
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Current Performance Record of M.A. Perry |
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Today |
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Emini ES points |
+0.00 |
+415.00 |
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U.S. Dollars |
$0 |
$20,750 |
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