Session Start: Fri Feb 21 09:18:53 2003 Session Ident: #FuturesTrades [09:18] * Now talking in #FuturesTrades [09:18] * 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.' [09:18] * Set by X on Fri Feb 21 07:59:22 [09:18] [NihabaAshi] Password changes, trade post script changes and trader profiles are posted ONLY at free discussion board at http://www.thestrategylab.com/Forums.htm [09:21] Howdy Nihaba [09:25] * szubaark_Done is now known as szubaark [09:26] gm [09:26] Howdy Szu [09:30] good morning all and a little luck today. [09:31] 0,3 Buys ES @ 840 [09:32] szu...be careful about what NQ does. [09:32] 0,4 Shorts ES @ 839.50 [09:33] 0,2 exit 2/3 ES @ 838.50 --> + 1 [09:34] 0,4 Shorts NQ @ 839 [09:34] ES that is [09:34] * Kalle says hello [09:35] Howdy Kalle [09:35] :) [09:36] 0,4 Shorts ES @ 838.25 -> small size [09:36] 0,2 exit all NQ @ 837.5 --> + 1.5 [09:36] That was ES [09:36] 0,2 exit 1/2 ES @ 837.25 --> + 1 [09:37] 0,2 exit remainder ES @ 837.25 --> + 1 [09:37] 0,4 Shorts NQ @ 836.25 [09:37] NQ leading ES on this downtrend. [09:37] 0,2 exit remainder ES @ 837.50 --> + 2 [09:38] Why? NQ fell below some major price exponential moving averages via a crossover in one 1min interval...ES follow the same way almost 3mins later. [09:39] 0,4 Shorts NQ @ 837.5 -> Add [09:39] support on NQ was 1000. The drop really picked up after that. [09:39] 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. [09:40] Yep...also the NQ major eMA crossover occurred about 1002.00 [09:40] That type of signal...a trader either gets Short fast or stay on the sidelines. [09:43] Lets see if this thing will bounce strongly back up to those pivots. [09:48] 0,4 Shorts ES @ 838.50 [09:48] 0,4 Shorts ES @ 837.25 [09:48] 0,2 exit 1/3 ES @ 837.50 --> + 1 [09:49] NQ trying hard to push below a pivot support...it's second try at it in about 10mins. [09:51] Any bounce here in the NQ should send ES back up to the 840.00 level. [09:52] 0,2 exit all ES @ 838.25 --> - 1 [09:52] 0,2 exit remainder ES @ 838.25 --> + 0.25 [09:54] szu...I hope your escaping because the price burst doesn't have a good chance of maintaining itself if NQ pulls back. [09:54] gm folks [09:54] 0,4 Shorts NQ @ 999.5 [09:55] :) [09:56] hey p^t :) [09:56] 0,2 exit all ES @ 839.50 --> - 0.5 [09:56] hey Kalle :) [09:57] 5m giving some nice scalp setups [09:57] love these wide range bars on the 5m [09:58] 0,2 exit all NQ @ 1000 --> - 0.5 [09:58] 0,3 Buys ES @ 839.75 [09:59] Hi JAKU...glad you made it. [09:59] Thx and good luck [09:59] If you have your own trade posting script...you can use that... [10:00] if not...you'll need to use our trade posting script... [10:00] 0,4 Shorts ES @ 839.50 [10:00] the one that's posted in the same message for the password. [10:00] 0,4 OPENs Short on NQ [10:00] 0,3 CLOSEs Short on NQ [10:00] Nevermind...I forgot you had your own script :) [10:01] 0,2 exit 1/3 ES @ 838.50 --> + 1 [10:01] JAKU...why did you Open then Close NQ like that? [10:01] Was it a test? [10:01] but I load your script maybe [10:01] y, test [10:01] Ok...thanks. [10:03] 0,2 exit remainder ES @ 840 --> - 0.5 [10:03] 0,3 Buys ES @ 841.25 [10:03] 0,2 exit 1/2 ES @ 841.50 --> + 1.75 [10:03] Nice fight of the intraday lows for both ES and NQ... [10:04] 0,6 exit stop set ES @ 838 [10:04] a lot different in comparison to the past few days. [10:04] 0,2 exit remainder ES @ 841.25 --> + 1.5 [10:04] 0,6 exit stop set ES @ 839.75 [10:04] 0,4 OPENs Short on NQ [10:05] 1003.50 [10:06] 0,4 Shorts NQ @ 1003.5 [10:08] Stop out sets on 1006 [10:08] 0,4 Shorts ES @ 841 [10:08] 0,4 Shorts ES @ 841.00 [10:09] ok, I惻l follow [10:09] 0,4 Shorts ES @ 841 [10:10] 0,2 exit 2/3 ES @ 840.50 --> + 0.5 [10:10] 0,2 exit 1/2 ES @ 840.25 --> + 0.75 [10:10] notice the broad rounded low on the 30 minute time frame [10:10] 0,2 exit 1/3 ES @ 840.50 --> + 0.5 [10:10] ES Daily chart has held and is now moving up off it's 10 day sma line, having formed a bull flag on the daily time frame [10:10] 0,2 exit remainder ES @ 841 --> 0 [10:10] a move up to the 50 day ema line is indicated by this bullflag (50 day ema is at 865) [10:11] pt...I saw that bull flag after my short entry... [10:11] reason why I dumped some. [10:11] you do not want to fight the 30 minute chart, especially a pattern this strong [10:11] * p^t nods [10:12] pt, also 30 minute above 20ema [10:12] there is very strong resistance today at the 847.00 level [10:12] I'm looking for a retrace back to the pivot...then I'm bailing on the remainder. [10:12] yes [10:12] i threw it on my 30 minute after u mentioned it [10:12] 0,2 exit all ES @ 839.75 --> - 1.5 [10:13] key here is that 10 day sma line, we must hold that today for this bull flag to be valid [10:13] 0,2 exit 1/3 ES @ 839 --> + 2 [10:13] 0,2 exit remainder ES @ 839.25 --> + 1.75 [10:13] nice [10:13] 0,2 exit all NQ @ 1002 --> + 1.5 [10:14] retesting the open right here [10:14] see if it holds [10:14] yep [10:14] Nice trading all. So far...today has been watching the Price Action instead of the indicators. [10:14] going south [10:15] Now let's go test yesterday's low :D [10:16] have to hold that , really need to hold this open [10:16] hello everyone [10:16] gm Pete [10:17] We break the open, and the shorts are gonna pile on [10:17] 0,3 CLOSEs Short on NQ [10:17] High HPete. [10:17] :) [10:17] Howdy HPete [10:17] 999.50 +4 [10:17] lets see if we can smoke some shorts here [10:17] what a crazy market we have today [10:17] 0,2 exit remainder ES @ 839 --> + 2 [10:17] nice work Jaku and Jazz [10:17] :) [10:18] Nice trading JAKU...you milked that very nicely. [10:18] [10:14] Nice trading all. So far...today has been watching the Price Action instead of the indicators. [10:18] good advice [10:18] :-)) thx [10:19] I try load your script. [10:19] 0,4 Shorts ES @ 836 [10:20] Breaking news in NYC a level 3 mobilzation [10:20] JAKU...unless you know how...I don't think your script and pt script can be loaded at the same time. [10:20] 15 and 30 minute charts really reversing hard [10:20] 835.75 yesterday low [10:20] ES testing key support [10:20] yeah you need to unload the other script first JAKU [10:22] okaaay - time for coffee [10:22] Just think...most of us were Short darn near at the top of that Parabolic Trend... [10:22] You guys aren't bottome and top pickers in here? [10:22] :))) [10:23] 0,6 exit stop set ES @ 838.25 [10:23] yeah Niha, I made a whole +.5 pts on that move ;-) [10:23] nice szu.. next sup at around 32 [10:23] 0,2 exit 1/2 ES @ 834.50 --> + 1.5 [10:23] 0,2 exit all NQ @ 834 --> + 5.75 [10:24] nice FFT!! [10:24] Thank you. [10:24] Nice FFT...geeshh...my +1.75 point profit...I'm no longer happy with it :) [10:25] explosion in NY ? [10:25] yes Kalle [10:25] :( [10:25] I don't have my news stuff on today...checking now. [10:25] Sheesh, I'm way over my profit target for today. No more trading. [10:25] lol, nice [10:26] But I can still PT! Fortunately [10:26] [10:20] Breaking news in NYC a level 3 mobilzation [10:27] 0,6 exit stop set ES @ 835.50 [10:27] What's Level 3 mean? [10:27] High Alert [10:27] Yikes :( [10:28] 0,4 Shorts ES @ 831.00 [10:28] hold it szu.., next level 826 [10:28] oh, thx szu [10:29] Explosion News too important not to Short. [10:29] 0,2 exit all ES @ 830 --> + 6 [10:29] not gonna get greedy [10:29] Gratz Szu! [10:29] 0,2 exit all ES @ 830.75 --> + 0.25 [10:29] 0,3 Buys ES @ 830.50 [10:29] risky [10:29] back in green [10:29] news showing a lot of black smoke in the air [10:29] BINGO [10:30] 0,2 exit 1/2 ES @ 832.25 --> + 1.75 [10:30] Huge fire at staten island oil refirnery [10:30] Cause unknown [10:30] It tested 830.25 and it wouldn't fill me...I should have reversed that Short and went Long after realizing Bottom pickers were showing up. [10:31] 0,2 exit remainder ES @ 833.50 --> + 3 [10:31] nice Kalle [10:32] thx [10:32] Now...this has been the most exciting trading all week. [10:32] Hopefully we are not profiting off somebody dying in that explosion. [10:32] Ok...maybe I shouldn't have mentioned that...sorry. [10:33] Controversial topic. [10:34] I'm done trading for the day...it's a Friday and its now pay day. [10:35] Online now asking for a check :) [10:35] Yeah, me too. I might even open a bottle of merlot that I've been waiting to try. [10:35] Nice FFT... [10:36] 0,4 Shorts ES @ 834 -> small size [10:37] I got some vintage Australian Wine on Valentines Day to add to my collection...never had any Australian wine...will open this bottle to keep with tradition of opening the first bottle I try from a country. [10:38] Heh, I remember my first bottle of Australian. The wine dude showed it to me (he recommended it). I was like "Australia? Where all the crimminals went to?" [10:38] lol [10:39] Kally, hows weather in Germany? [10:39] sunny, but cold [10:39] Hopefully no criminal pssst in this bottle during manufacturing :) [10:39] 0,3 Buys ES @ 834.25 [10:39] 0,2 exit ES @ 834.5 --> - 0.5 [10:40] 0,2 exit 1/3 ES @ 835.50 --> + 1.25 [10:40] lol Niha [10:40] It's a 1992 Yellow Label Cabernet Sauvignon [10:42] 0,2 exit remainder ES @ 834.50 --> + 0.25 [10:42] 0,4 Shorts ES @ 834.50 [10:42] * Kalle is now known as Kalle_|_away [10:49] * JAKU is restarting mIRC [10:51] 0,3 Buys ES @ 1000 4,0 垂 testing 遙 [10:51] entered Short: 835.75 [10:51] 0,2 exit remainder ES @ 1010 --> + 10 4,0 垂 testing 遙 [10:51] JAKU...looks good. [10:51] :-)) y, thx [10:51] 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. [10:52] Now the market is not sure if the oil refinery on fire is an accident or not...can a barge turn an oil refinery on fire? [10:54] 0,4 Shorts ES @ 834.75 [10:54] 0,4 Shorts ES @ 34.50 [10:55] nice little bear flag on the 15m chart here, lets see if it triggers [10:56] That barge at the end of Staten Island Oil refinery is still intense. [10:56] Apparently no effort to put it out...I guess they are just going to let it burn itself out. [10:56] Meant...that Barge Fire. [10:56] too big to do much about it [10:57] Those black smoke looks toxic. [10:57] all you can do is cut off the source of the fuel to the fire, and let what is there burn off [10:57] The explosion was heard as far as 6.5 miles away. [10:57] 0,2 exit all ES @ 35 --> - 0.5 [10:58] The smoke from the fire looks very impressive. [10:58] 0,2 exit short ES @ 835 --> - 0.5 [10:58] 0,3 reverse and enter long ES @ 835 [10:58] * szubaark is now known as szubaark_Lunch [10:58] 0,2 exit all ES @ 836.25 --> - 1.5 [10:58] If the sky was dark...it could be mistaken for a Tornada touching down. [10:59] 0,2 exit 1/2 ES @ 837 --> + 2 [10:59] 0,6 exit stop set ES @ 836.25 [10:59] Exlosion happen about the time the market peaked today. [11:00] News source didn't pick up on it until about 10:12am est. [11:01] Floor traders heard about it about 10:07am est. [11:01] 0,2 exit remainder ES @ 837.75 --> + 2.75 [11:02] nice reversal kalle :) [11:02] yeah, good fortune [11:02] * Kalle_|_away is now known as Kalle [11:03] Those Floor traders must be trading with their cell phones on...cell phones connected to some Joe Blow at a major news network :) [11:04] still those floor traders reacted quite slowly [11:05] Maybe it was Floor Traders at that club fire in Rhode Island. [11:05] lol [11:09] added to Short: 839.50 [11:10] blah [11:11] 0,4 Shorts NQ @ /F6 [11:11] buyers just not letting me out of this [11:11] sorry [11:17] 0,4 Shorts ES @ 839.25 -> small size [11:22] head and shoulders forming on 5 and 3 [11:24] added to Short: 839.75 [11:26] sitting right on the open [11:27] 0,4 Shorts ES @ 839.50 [11:27] you must be real bearish pt, you keep adding [11:28] 0,3 Buys ES @ 840 [11:31] 0,2 exit all ES @ 841 --> + 1 [11:32] nice ratso. [11:32] should have held on for days high :> [11:33] yep [11:34] I am an early exiter - my number one weakness [11:37] sorry got d/c somehow [11:39] 0,4 Shorts ES @ 841.50 [11:42] 0,2 exit all ES @ 843 --> - 1.5 [11:42] 0,2 exit all ES @ 843.50 --> - 4 [11:43] blah [11:44] Man, buy at the low when those bottom fishers came in, and sell here, and buy yourself a new mercedes. [11:44] 0,4 Shorts ES @ 847 [11:44] FFT now you tell us! [11:44] Of course, that's what I did :^) I wish. [11:44] szu.. what about your lunch? [11:45] added to Short: 847.50 [11:47] that daily bull flag sure is looking strong now, with that early spike down [11:48] im down -11 points on the initial short entry [11:50] hope we are not going to 865 today ! [11:51] I'm not sure what the heck that was that caused that second surge...maybe running of the stops... [11:52] yeah [11:52] If so...than it would have come down by now. [11:52] here comes next wave up [11:52] hope its not another +6 to the upside [11:54] Might be seeking strength for a +8000 Dow. . . [11:54] that daily bull flag is still very key here [11:54] Guess not [11:56] 0,2 exit 1/2 ES @ 845.75 --> + 1.25 [11:59] perfect continuation bull flag here on the 5m chart [11:59] 0,2 exit all ES @ 847 --> 0 [12:02] added to Short: 848.25 [12:02] 0,3 Buys ES @ 848 [12:03] * szubaark_Lunch is now known as szubaark [12:03] 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. [12:04] fyi.....what i am trying to do is pull the average entry price of my overall short position up by adding into these pops up, my assumption here is that this trend up is going to fail and reverse back down to at least the 100 ema on the 1m chart [12:04] support on the 30 minute chart is at 842 and 840 [12:05] if we go to 865 today, then im obviously going to have a problem :) [12:05] im betting we dont get there today [12:06] 0,4 Shorts ES @ 847 [12:07] if we get back to the 100 ema on the 1m chart then I can get free of this trap im currently in [12:09] p^t...this can go either way... [12:09] too risky to go Long at current price and too risky to Short. [12:09] i agree totally [12:10] the daily chart is very very strong [12:10] i think so far im the only seller out there [12:11] TRIN shows more shorts than at 9:48 this AM. [12:11] If the ES drops 1 point...within the next 3mins...its should pick up downside momentum to at least test the 50eMA support. [12:11] k [12:11] just not seeing any selling in the NQ [12:12] first line that hits i will take it, 50 ema on the 3m , or 100 ema on the 1m [12:13] the bull flag on the NQ 5m chart is scarey :) [12:14] nice call Niha [12:16] 0,2 exit 1/3 ES @ 845.75 --> + 1.25 [12:16] This is my area of trading style...I'm more comfortable in trading Parabolic Pops...up or down. [12:16] :) [12:16] very true Niha [12:17] do you think we can get back to the 50 ema on the 3 m ? [12:17] However...I'm currently seeing something strange, weird on my 1min charts via the Bollinger Bands. [12:17] I don't ever remember seeing this before...Lower BBand > 50eMA (not uncommon)... [12:18] but moving in a horizontal line along with the Upper BBand moving in a horizontal line since about 12:03pm est. [12:18] That's uncommon...and rare...never see it do that before. [12:19] momentum was so intense , it whacked out your lines [12:19] That's what I'm beginning to think...the lag affect. [12:20] Here's my current analysis... [12:21] If the ES drops some more (1 - 2.5 points)...prices will retest their rising 200eMA. [12:22] 200eMA currently at 840.95 via the 1min chart. [12:22] The problem is the TICK...it is low... [12:22] thus...its due for a bounce... [12:23] if the TICK counter-thrust is weak...the ES will retrace a lot more than just down to the 200eMA. [12:23] * p^t nods [12:23] 0,2 exit all ES @ 844.75 --> - 3.25 [12:24] 0,2 exit 1/3 ES @ 844.50 --> + 2.5 [12:24] I will watch tick [12:24] as long as it remains well behaved , stay with the move down ? [12:24] ES 200eMA still rising...now at 841.06 [12:26] 200 looks like a key area for TICK [12:29] TICK in that counter-thrust...lets see if it fails and falls back below its own 200eMA. [12:33] nice Jazz [12:34] thanks, but its weak. [12:41] ES rising 200eMA now @ 841.67 along with TICK in a chop range around its 200eMA via 1min chart. [12:50] lllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll [12:50] oooopsss...sorry...I fell asleep on my keyboard. [12:50] Sarcasm :) [12:52] ES rising 200eMA now at 842.05 [13:11] Looks like folks are coming back from lunch [13:12] ES resistance @ 846.75 [13:13] A move above the 846.75 should allow it to retest the day's high of 848.50 [13:15] 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. [13:28] 0,3 Buys NQ @ 846.5 [13:28] Whoops, that's mostly wrong [13:28] 0,3 Buys ES @ 846.5 4,0 垂 paper 遙 [13:28] Be back around 3pm est...to see if the Chicago Bond Boys can stir thing y [13:28] up a bit for a strong up move or down move. [13:29] breakdown in TICK? [13:30] Maybe...its too tight too tell. [13:30] * NihabaAshi is now known as NihabaAshi_lunch [13:30] Guess not Sheesh, what a snoozer. [13:35] 0,2 exit all ES @ 848.25 --> + 1.75 4,0 垂 paper 遙 [13:37] 0,3 Buys ES @ 847.5 4,0 垂 paper 遙 [13:39] 0,2 exit all ES @ 848.25 --> + 0.75 4,0 垂 paper 遙 [13:40] 0,3 Buys ES @ 849 [13:41] 0,6 exit stop set ES @ 846.75 [13:51] numbers at 2? [13:51] huh? [13:51] Not that I'm aware of [13:52] Not per briefing.com [13:52] ratso is right...Treasutry budget due at 2pm [13:52] 0,4 Shorts ES @ 849 [13:53] Yep [13:53] Jazz...3min bar touched 5ema? Histo lower highs and Sto falling? [13:56] resistance at yesterday high + location of MACD & Stochastic [13:58] it is very important to have yesterday numbers drawn on your chart.. [13:58] these line will most likely act as S/R. [14:01] volume picking up [14:02] ratso, hope I answered your question. [14:07] 0,2 exit 1/3 ES @ 847.75 --> + 1.25 [14:11] 0,3 Buys ES @ 848.50 [14:11] 0,3 Buys ES @ 848.25 -> small size [14:12] 0,2 exit remainder ES @ 849 --> 0 [14:12] 0,2 exit 1/2 ES @ 849.25 --> + 1 [14:15] 0,2 exit all ES @ 849.50 --> + 1 [14:16] now we see [14:16] uh huh - figures [14:17] 0,2 exit remainder ES @ 850.25 --> + 2 [14:17] ups : [14:17] 0,2 exit remainder ES @ 850 --> + 1.75 [14:19] does everyone here partial out? [14:20] 0,2 exit 1/2 ES @ 850.50 --> + 1.5 [14:22] most of us, yep [14:27] 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. [14:30] My target on second is 855 [14:30] * FutureFuturesTrader has long held a rep for bring slightly nuts [14:31] Whoops, ww [14:32] 0,4 Shorts ES @ 851.50 [14:32] risky [14:33] 0,4 Shorts ES @ 850.50 [14:34] 0,2 exit 1/2 ES @ 850.25 --> + 1.25 [14:43] 0,2 exit remainder ES @ 851 --> + 0.5 [14:43] 0,2 exit all ES @ 851 --> - 0.5 [14:46] 0,4 Shorts ES @ 850.50 -> small size [14:48] no thrust [14:48] nice short Kalle [14:48] you think so ? thx :) [14:48] 0,2 exit 1/2 ES @ 849.50 --> + 1 [14:49] 0,6 exit stop set ES @ 850.75 [14:49] 5m uptrend just failed, so yeah [14:50] prolly bounce around this 100 ema on the 1m, to pull in some more late buyers [14:51] 0,2 exit all ES @ 849.75 --> + 0.75 [14:55] volume on that last bounce up was amazingly low [14:55] 0,2 exit remainder ES @ 849.50 --> + 1 [14:55] guess everyone who was going to buy, already bought [14:56] k, that愀 it -- enjoy your weekends :)) [14:57] take care [15:01] Cya Kalle. [15:01] p^t, you still short? [15:01] yes [15:01] lol [15:01] I'd have needed two heart transplants if I traded your style :D [15:02] had a nice start to the morning, made one mistake and am now having a bad day :) [15:02]