Session Start: Thu Jan 02 09:29:13 2003 Session Ident: #FuturesTrades [09:29] * Now talking in #FuturesTrades [09:29] * Topic is 'Trade Journals with daily, weekly or monthly results are posted by traders at http://pub90.ezboard.com/fthestrategylabfrm87 Note: Journals are not required.' [09:29] * Set by X on Tue Dec 31 10:40:25 [09:29] [NihabaAshi] Password changes, trade post script changes and trader profiles are posted ONLY at free discussion board at http://www.thestrategylab.com/Forums.htm [09:34] 0,4 Shorts ES @ 889.25 4,0 ŤŤ paper ťť [09:36] 0,2 exit all ES @ 888.25 --> + 1 4,0 ŤŤ paper ťť [09:37] Ya know, if you could just average 1 point a day (before commisions) on 30 ESs, you'd make 339k/year (after commissions but before everything else). [09:38] Key Economic Report today is the 10am est ISM MFG Index [09:39] 0,3 Buys NQ @ 997 [09:41] 0,2 stop hit NQ @ 989 --> - 8 [09:42] That was 994, so only -3 [09:46] gap on es almost filled [09:49] 0,3 Buys ES @ 884 [09:52] nice entry Jonny [09:54] Report in 2 minutes [09:55] 0,3 Buys NQ @ 884.5 [09:55] sorry es [09:55] 0,3 Buys ES @ 884.5 [10:05] 0,2 exit all ES @ 892 --> + 7.5 [10:05] 0,6 exit stop set ES @ 888 [10:07] Nice trade bali2 [10:08] well... Jonny is the one managing it propoerly.. [10:09] 0,3 Buys NQ @ 1004 [10:11] 0,6 exit stop raised ES @ 892 [10:11] Jonny...good milking :) [10:11] ty [10:14] the TICK is way above 1,000! [10:14] now comming down [10:17] 0,2 exit all NQ @ 1009 --> + 5 [10:17] I can't tell if it's going to break out again or not, so I got out. [10:18] 0,4 Shorts ES @ 896.75 [10:19] 0,6 exit stop raised ES @ 895 [10:21] Stop 898.25 [10:21] 0,2 exit all ES @ 898.25 --> - 1.5 [10:23] 0,4 Shorts ES @ 896.00 [10:26] 0,2 exit all ES @ 896 --> + 12 [10:26] Nice way to start the year [10:26] :) [10:26] Jonny is my hero [10:26] Jonny yo the man ! [10:26] Nice...very nice :) [10:27] killer trade [10:27] thanks [10:27] Jonny do a trade like this everyday and Ill Pay you.. [10:28] If I can do this everyday [10:28] wont need to take your money [10:28] :) [10:28] man I am obsessed by the TICK [10:29] haha [10:33] I'm watching my Short closely via the 15min non-globex chart... [10:33] 0,4 Shorts ES @ 899.50 [10:34] I'm not shorting this market ..... regardless of the wierd tick reading!! [10:34] 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...strictly enforced. [10:34] I'm using the 5eMA on that 15min chart as profit-target and/or cover if/when 5eMA hits my entry price. [10:37] Im just looking for a quick scalp, maybe more on runner [10:38] Stop 901 [10:41] 0,2 exit all ES @ 899.50 --> 0 [10:42] could go either way here [10:43] Wow, thought it was gong to break out on that one. [10:44] looks strong [10:46] It's been doing this range stuff too much the last few days :-( [10:47] well, today if u wrong, ull pay the price [10:47] Brutal action since opening [10:49] My 15min 5eMA is now at 895.51 [10:49] I can't even PT this range stuff, just sit here, watch the market and memorize JC patterns [10:50] well good night all and happy trading for the year :-) [10:51] bye [10:51] 0,2 exit all ES @ 900.75 --> - 4.75 [10:52] 0,4 Shorts ES @ 899.50 -> Scalp Trade [10:54] we could consolidate here for a few hours lol [10:55] I hope not...I hate consolidation stuff. [10:57] I was hit hard on the first high risk Short on 1 contract... [10:58] This 3 contract Short is a little less riskier...so I'm just looking for a little gain. [11:01] One more upside pop like that and I'm done for the day. [11:02] This one looks a little different, could it be a downside breakout? [11:04] FFT...I'm watching closely to see what the ES does if it reaches its 1min all session 50eMA support (897.85) [11:06] 0,4 Shorts ES @ 898.5 4,0 ŤŤ paper ťť [11:09] 0,2 exit all ES @ 897.75 --> + 0.75 4,0 ŤŤ paper ťť [11:11] 0,2 exit all ES @ 898.00 --> + 1.5 [11:11] Darn thing wouldn't get me filled at 897.75 [11:16] If ES and NQ reverses right here with some momentum (downward)...it should fall for a good +2 points. [11:17] It does feel pretty tired. [11:19] 0,4 Shorts ES @ 898.25 -> Scalp Trade [11:27] What's your stop, Nihaba? 900 even? [11:28] 901,00 [11:28] 901.00 [11:28] It's not a scalp trade...I used the wrong command...regular Short for me. [11:29] ahhh, ok [11:30] Profit-target is the 3min all session chart 50eMA...currently at 894.65 [11:31] However...I got no hesitation in exiting early (smaller loss or smaller profit) depending upon what it does when it touches its Bollinger Bands. [11:31] My entry was almost smack in the middle of the Upper and Lower BBands. [11:32] Usually a no no...but I'm risking small today. [11:36] Lower BBand has moved up a little and is now trying hard to curl downwards. [11:37] Something will pop...up or down...too much constriction (narrowing) in between the Upper and Lower BBands. [11:44] Hmmm...I'm starting to loose a little patience with this trade and both Eminis have moved into a nice position for a 2nd surge to the upside. [11:46] Hmmm, on my 3 min all sessions ES chart, ES is above the top bol band. Is that right? [11:46] FFT...who's your data providor ? [11:46] 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...strictly enforced. [11:46] TradeStation [11:46] I'm using QCharts...probably why we have different looks. [11:47] My ES is barely above its middle line BBand but stll below its Upper BBand. [11:47] Upper BBand for me is about 900.44 [11:49] Upper BBand has been slowwwwllly declining since my entry...which is what worries me a little. [11:49] Hmmm, that's what my data window says it should be, but the chart is showing the upper band at about 897.25 [11:52] 0,2 exit short ES @ 900.50 --> - 2.25 [11:52] 0,3 reverse and enter long ES @ 900.50 [11:58] If I have to reverse the trade again...I'll exit the 1 contract trade and enter 3 or more as a Short. [12:00] Beauty, TS reports one number but plots another. How much is QCharts? [12:04] I will exit and not reverse... [12:05] 0,2 exit all ES @ 901.00 --> + 0.5 [12:17] FFT...QCharts has a few packages...but all are cheaper than TS. [12:18] I'm an Easylanguage guy and use to be in charge of TradeStation user group when I lived in the U.S... [12:19] I stopped my association with TS after they refused to give me commissions when I brought them new customers. [12:19] I've discovered a work around. If I put the Bol Bands indicator that came with TS on the chart, along with my custom one, the chart prints correctly. Sigh. [12:20] SuperCharts realtime behaved the same way. [12:24] I had a similar problem (new customers) with Lycos... [12:24] ended my association with them also but preferred QCharts as I became more discretionary and less mechanical. [12:33] * FutureFuturesTrader is now known as FFT_Away [12:54] 0,3 Buys ES @ 902.50 [12:58] 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...strictly enforced. [13:10] * FFT_Away is now known as FutureFuturesTrader [13:15] 0,3 Buys ES @ 901.5 -> large size 4,0 ŤŤ paper ťť [13:17] 0,2 exit all ES @ 901 --> - 1.5 [13:17] this is my first actual losing trade..1st one was breakeven [13:19] 0,4 Shorts ES @ 900.75 -> small size [13:21] I think I see Nihaba's trade on my 1 minute chart :-D [13:21] I got a late entry...chasing a little. [13:22] Usually I don't get a late entry on this particualr trade setup... [13:22] then again...I've been behind the boat on my trades the past 2 weeks. [13:24] Geesh...as soon as I Shorted...the volatility I saw dried up. [13:25] Yeah, both of those traders musta got tired :-D [13:27] Can't get filled...will use market order. [13:29] Geesh...couldn't get out...waited too long for a good push down. [13:30] 0,3 Buys ES @ 901 [13:31] Stop 899.50 [13:33] This 901.75 was the original price I wanted for a Short entry. [13:39] Im Long, Nihas Short, could go either way i guess [13:41] Yep... [13:43] All of last year...the lack of volatility didn't affect my trading... [13:43] 0,2 exit all ES @ 901.75 --> + 0.25 [13:43] past 3 weeks...it has...maybe the dynamics of the market is changing for me. [13:44] 0,3 Buys ES @ 901.5 -> medium size [13:44] Will take a closer look at it this weekend and make some adjustments. [13:48] Come on down...just a little more... [13:49] Vol is picking up a bit, [13:51] looks like a fakeout down so far (good for my Long) [13:52] definately some interest brewing [13:53] Could be worst...I could be overtrading and churning my account. [13:54] ES on the 60-tick chart is playing right nicely with Bol Bands [13:55] 0,2 exit all ES @ 901 --> 0 [13:56] tough market to trade, damn [13:56] szubaark...did you ever figure out what TICK charts I was talking about a few weeks ago. [13:56] I have chart examples of them now. [13:56] 0,4 Shorts ES @ 901 [13:56] http://www.thestrategylab.com/ContinuousT60Tick.gif [13:57] http://www.thestrategylab.com/Continuous10secTick.gif [13:57] yes..but not many services offer them i guess [13:57] Yes...you have to shop around or find a third party that's able to use your current data vendor. [13:58] Stop 902.50 [13:58] I don't have my TICK charts open because its on my laptop and I left my laptop at the other place for New Years celebration... [13:59] won't pick it up till this weekend. [13:59] Volatility dried up again. [14:00] 0,2 exit short ES @ 902.25 --> - 1.5 [14:00] 0,3 reverse and enter long ES @ 902.25 [14:00] 0,2 exit all ES @ 902.50 --> - 1.5 [14:00] 0,3 Buys ES @ 902.50 [14:00] go go go [14:01] http://www.thestrategylab.com/ContinuousT60Tick.gif [14:01] How did you do this? [14:04] 0,2 exit long ES @ 902.75 --> + 0.5 [14:04] 0,4 reverse and enter short ES @ 902.75 [14:04] 0,4 Shorts ES @ 902.75 4,0 ŤŤ paper ťť [14:07] First non-chasing trade all day. [14:08] Trad2k...how did I do what? [14:08] That posted link to the graphs? [14:10] yes [14:10] 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...strictly enforced. [14:10] They are graphs I uploaded to me website...if that's what you was wondering. [14:11] Trad2k...I've been concentrating on scalping for the past month via Neotick (new software for me) to compliment my normal trading. [14:12] I use QCharts and Neotick uses the data from QCharts. [14:12] I can officially say without a doubt... [14:12] scalping is tough work. [14:14] 0,2 exit 1/2 ES @ 904 --> + 1.5 [14:14] Nice szu. [14:14] thanks nih, if you cant beat them, join them [14:14] This exit will be my last trade of the day...I'm at my 7th trade limit for the day. [14:15] they bouncing, and flipping this thing around like crazy [14:15] Stop 902.50 [14:19] Trad2k...a free screen image capture to capture images from my charting programs. [14:19] If your wondering how you can post charts yourself to another free location... [14:20] all info here at http://www.thestrategylab.com/ScreenCaptureImageLinking.htm [14:20] thanks [14:23] 0,2 exit all ES @ 904 --> - 1.25 4,0 ŤŤ paper ťť [14:23] Niha u still Short? [14:24] Yep. [14:25] I'm watching the possible Ascending Triangle very closely on the ES. [14:25] It just broke above. [14:26] ES now at an average range limit. [14:30] Folks looking at this chart afterhours are gonna say - there was the entry etc etc -- but when live a little different view point [14:31] :) [14:47] I swear...today the market knows exactly where I want to get out at and comes within a few ticks before going back into the oppositie direction... [14:47] very frustrating :( [14:47] Just think if the market was always like this. We'd have to get real jobs :-( [14:50] I had a great year last year and I'm freaking out about a few poor performing past few weeks. [14:50] Maybe I'm tired from all the holiday partying. [14:50] Something sure does feel different. [14:51] Yes, getting a real job again would suck [14:51] im still holding my runner from Long@902.50 [14:52] This market feels like everybody is holding their breathe waiting for either the big drop, or the end of the bear market. [14:52] or just all the daytraders were washed out last 3 years [14:52] Nobody at any of my family get-togethers said a word about stock, that's a good sign for the market :-D [14:54] 0,2 exit all ES @ 902.50 --> 0 [14:56] frustrating day [14:58] I'll say. It's sad when the only excitement comes from a 13 point pop due to great news. :-( [14:58] Yep...if a trader can exploit the early a.m. move consistently... [14:59] there's no need to even trade the afternoons...not much there to trade and way too stressful. [14:59] yes..last 3-4 weeks have been like this [15:00] afternoon just suck..tough make a buck [15:01] Supposibly...Motor Vehicles Sales numbers will be released at 3pm today. [15:01] is it a market mover? [15:02] Normally...no... [15:02] I think it's about a C on Briefings A-F scale [15:02] 0,3 Buys ES @ 904 [15:02] However...a few times last year we got a few points spike out of it. [15:03] I found a new source for economic data... [15:03] at http://aol.ccbn.com/highlight.asp?client=aol [15:04] Wow, AOL is useful for something [15:04] I will watch it for a few weeks to see how useful this source is in comparison to Briefing.com (lots of inaccuracies) and WSJ (been missing a few lately)... [15:04] Wow, you still shrot from .75, Nihaba? [15:05] Short, even [15:05] 0,2 exit 1/2 ES @ 905.50 --> + 1.5 [15:06] I guess that's the few points from the report. [15:07] Man, this afternoon really supports Random Walk :-( [15:07] We get a few days like this per month... [15:07] trick is to keep the risk low in case your wrong. [15:09] A few analysts where also on TV talking about how this is the start a a rally (shrugging off bad geopolitical news) at around 3:02pm est. [15:11] A rally? Based on hitting a new 2 week high? Yikes. I think TV analysts also are random :-D [15:12] tweezer tops maybe on 1 min ES [15:12] Yep...I think they are trying hard to talk up a rally after the morning pop...odd how they didnt say anything before the pop. [15:14] That 50eMA has been great support for the Eminis all day...which is rare for it to test and bounce off of it so often in one day. [15:15] 0,4 Shorts ES @ 905 4,0 ŤŤ paper ťť [15:18] I don't think we are going to get any late afternoon sell-off. [15:19] I cant even get any runners going, this is tough price action [15:22] 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...strictly enforced. [15:26] irrational exhuberance [15:26] In case anybody is wondering...last year...the markets moved nicely upwards for 3 trading days to start the year...then it went southwards after that. [15:32] 0,4 Shorts ES @ 905.50 4,0 ŤŤ paper ťť [15:33] I won't add to my Short to compensate for the overall position... [15:33] will let the chips fall where they can on this position without adding to it. [15:34] Heh, we're in the cow chips, Nihaba. :-D [15:35] It happens...we can't win every trading day :) [15:36] I'm currently down 11 points for the day without counting this position...and this position is not looking too hot. [15:40] 0,2 stop hit ES @ 905.50 --> - 2.75 [15:40] Incorrect... [15:40] 0,2 exit all ES @ 907.00 --> - 4.25 [15:41] 0,2 exit all ES @ 907 --> - 1.5 4,0 ŤŤ paper ťť [15:41] It was a stop but I must not have set my script with the stop. [15:43] what a way to start new year..ull get em back Niha [15:43] where is pt? [15:44] I'm not sure...I'm going to email him tonight to find out. [15:44] Maybe him and Kalle have their own German room :) [15:45] pt is a good trader [15:45] At first he said before he left it was vacation... [15:45] it's a very long vacation... [15:45] probobly the password thing, discussion board registration got him all confused [15:46] A few others simply gave up trading for awhile and said will be back at a later date. [15:46] p^t was the only one able to navigate the password and discussion board without asking too many questions :) [15:48] ok guys, have a good one. [15:48] Don't forget... [15:49] daily trade journals are posted at the discussion board. [15:49] Only traders willing to post their journals have access to the journals of others. [15:49] 0,2 exit all ES @ 908 --> + 6.5 [15:50] So far...only 3 traders posting their journals. [15:50] My Target on runner is 910 [15:50] Then Ill have a nice positive day! on a Very Tough Day! [15:50] Nice job Trad2k. [15:51] Thanks all :)) [15:51] yes, nice Trad2k! [15:51] Happy new year ;)) [15:52] wd trad2k [15:54] Ill hold this Long After Market with a Stop@904 [16:00] 910 on the ask, - go Szu! [16:03] Ok, wont get greedy since its almost end of day and HOLDING OVER would break my Rules [16:03] 0,2 exit all ES @ 909 --> + 5 [16:03] My Recap [16:05] Total 6 Trades 2 losers/ 2 Even/ 2 Winners Total=+2 ES - $60=+.75 [16:05] tough day for sure [16:05] just happy not a losing day [16:06] Tomorrow is another day to start fresh. [16:07] My trading journal is posted...so are the past months info at the discussion board along with daily and weekly results. [16:07] I may start doing monthly results also...not sure if I will because it requires more work :) [16:20] Good by all [16:29] Take care all...I'm outta here. [16:30] See all tomorrow and congrats to those getting off to a good start for 2003. [16:30] * Disconnected Session Close: Thu Jan 02 16:30:43 2003