Session Start: Wed May 07 09:23:46 2003 Session Ident: #FuturesTrades [09:23] * Now talking in #FuturesTrades [09:23] [NihabaAshi] Password changes, trade post script changes and trader profiles are posted ONLY at free discussion board at http://www.thestrategylab.com/Forums.htm [09:23] 0,3 Buys ES @ 930 [09:23] Howdy Nihaba [09:24] Good morning all. [09:24] gm niha [09:24] * Kalle_|_away is now known as Kalle [09:24] 0,3 Buys ES @ 930.25 4,0 ŤŤ paper ťť [09:24] good morning all [09:25] Howdy Kalle [09:26] Man, every time the market pauses now, I wonder if Globex is hung again :D [09:34] 0,2 exit remainder ES @ 928.5 --> - 1.75 4,0 ŤŤ paper ťť [09:35] gm all [09:35] Howdy HPete [09:35] hi Pete [09:35] 0,3 Buys ES @ 928 4,0 ŤŤ testing ťť [09:35] 0,4 exited Long: 929 --> + 1 4,0 ŤŤ testing ťť [09:36] 0,4 Shorts ES @ 929 4,0 ŤŤ testing ťť [09:36] 0,3 covered Short: 928 --> + 1 4,0 ŤŤ testing ťť [09:36] 0,2 exit long ES @ 928.50 --> - 1.5 [09:36] 0,4 reverse and enter short ES @ 928.50 [09:38] 0,4 Shorts ES @ 928 [09:40] 0,3 Buys ES @ 929.00 4,0 ŤŤ testing ťť [09:40] 0,6 exit stop set ES @ 930.75 [09:44] 0,2 exit short ES @ 930 --> - 1.5 [09:44] 0,3 reverse and enter long ES @ 930 [09:44] 0,4 exited 1/2 Long: 930.50 --> + 1.5 [09:44] 0,2 stop hit ES @ 930.75 --> - 2.75 [09:46] 0,4 exited remainder Long: 931.00 --> + 2 [09:47] nice pt. [09:47] thanks :) [09:49] 0,3 Buys ES @ 929.5 4,0 ŤŤ paper ťť [09:50] 8,2>2,8>8,2>2,8>2,2--8,2 info : Wholesale trade rep @ 10am EST 2,2--2,8<8,2<2,8<8,2< [09:52] 0,4 Shorts ES @ 928.75 [09:52] 0,2 exit all ES @ 929 --> - 1 [09:53] 0,3 covered 1/2 Short: 927.75 --> + 1 [09:54] lod retest was initial target [09:54] 0,3 covered remainder Short: 926.75 --> + 2 [09:55] taking rest off on sweep of pivot, due to 10am report coming out [09:55] yep [09:59] 0,3 Buys ES @ 928.50 -> small size [10:00] 0,3 Buys ES @ 927.50 [10:00] 0,4 Shorts ES @ 927 [10:02] possible 30 minute chart tweezer [10:02] 0,3 Buys ES @ 927.50 [10:03] 0,4 exited Long: 927.50 --> 0 [10:04] 0,4 Shorts ES @ 926.50 [10:04] 0,2 exited 0,4 Long: 926.75 --> - 0.75 [10:04] 0,4 exited all Long: 926.00 --> - 2.5 [10:04] this is tough :) [10:04] I'll say :( [10:05] 0,3 Buys ES @ 926.25 [10:05] 0,2 Covered Short ES Ť 926.75 ť - 0.25 [10:05] 0,3 Reversed and Entered Long ES at 926.75 [10:05] 0,4 Shorts ES @ 927 [10:05] 0,2 exited 1/2 0,4 Long: 927.25 --> + 1 [10:06] 0,4 exited Long: 926.00 --> - 0.75 [10:06] 0,2 exited remainder 0,4 Long: 926.75 --> + 0.5 [10:06] lol, this is what I call, out of synch. tough morning. [10:06] yep [10:06] yep [10:07] 0,2 exit all ES @ 926 --> + 1 [10:07] yep [10:07] I'm trying to find a spot and put in a position and leave it alone. [10:07] good idea niha.. [10:07] Anybody got the 10AM number? [10:07] 0,3 Buys ES @ 925.50 -> small size [10:09] .5% vs expected .2% [10:09] Bad news [10:10] 0,2 exited 0,4 Long: 926 --> + 0.5 [10:11] 0,3 Buys ES @ 926.25 -> small size [10:12] :/ [10:12] Profit-target of first batch is 930.00 [10:12] Sorry...928 to 930 area. [10:13] 0,3 Buys ES @ 927.25 4,0 ŤŤ paper ťť [10:15] 0,2 exit 1/2 ES @ 927.75 --> + 0.5 4,0 ŤŤ paper ťť [10:16] 0,2 exit short ES @ 928 --> - 1 [10:16] 0,3 reverse and enter long ES @ 928 [10:16] 0,2 exit remainder ES @ 928.75 --> + 1.5 4,0 ŤŤ paper ťť [10:16] 0,4 exited 2/3 Long: 928.50 --> + 2.25 [10:16] wtg Niha ! [10:17] nice niha [10:17] 0,6 exit stop set ES @ 926.50 [10:18] I'm not good at "scaling in" so I use the first trade (that Long position that was a loser) to take a poke at the market with a smaller size...if it works...great...if not...I'm still waiting around the corner :) [10:20] 0,4 Shorts ES @ 929.00 [10:20] 0,6 exit stop raised ES @ 927.25 [10:21] Stop raised to the Bollinger Band Basis Line (middle line) via 1min all session chart...testing a new exit strategy. [10:21] Will raise stop as Basis Line rises. [10:23] 0,3 covered 1/2 Short: 928.00 --> + 1 [10:23] 1m sup lines [10:24] 0,3 covered remainder Short: 929.00 --> 0 [10:25] 0,6 exit stop raised ES @ 927.50 [10:25] 0,2 exit all ES @ 929 --> + 1 [10:26] 0,3 covered short ES @ 827.50 --> + 98.75 [10:26] 0,3 reverse and enter long ES @ 827.50 [10:26] 0,4 Shorts ES @ 928.00 [10:26] That's a reversal into a Short position...sorry...will correct in a minute. [10:27] 0,4 exited long ES @ 927.50 --> + 100 [10:27] 0,4 reverse and enter short ES @ 927.50 [10:27] :) oops...nice points. [10:28] 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. [10:30] no data for me [10:30] 0,3 covered 1/2 Short: 926.50 --> + 1.5 [10:31] 0,3 covered 2/3 Short: 926.50 --> + 1 [10:32] 0,3 covered remainder Short: 926.00 --> + 2 [10:32] Now I'm only holding 1 contract after the initial Long position started with 9 contracts that eventually traversed into a Short position. [10:32] I'm at my profit target right now...will cover the Short [10:33] 0,3 covered remainder Short: 927.25 --> + 0.25 [10:33] Meant...remainder at stop/loss (not profit-target). [10:34] Position Size Summary of 3 Trades: [10:35] Took a poke with a Long position (3 contracts)...got a better trade signal and went Long again (9 contracts)... [10:36] 0,3 Buys ES @ 927.50 [10:36] 0,3 Buys ES @ 927.75 [10:36] exited 6 contracts at profit-target...exited remainder 3 contracts at BBand Basis Line...reversed those 3 contracts into a Short position because it was a Bearish Engulfing candlestick on the 1min all session chart... [10:37] 0,3 Buys ES @ 927.5 4,0 ŤŤ paper ťť [10:37] Cover 2 contracts at profit-target (Lower BBand) and cover remainder via stop being hit at one tick better than Short entry. [10:38] 0,2 exit 1/2 ES @ 929.0 --> + 1.5 4,0 ŤŤ paper ťť [10:39] By the way...when my remaining Short contract got stopped out...that was also a Long signal for me that I ignored... [10:40] via needing a break to catch up on my trading notes. [10:40] 0,4 exited 1/2 Long: 930.00 --> + 2.25 [10:40] that long entry was based on the 123 low on the 5m and fisher trendline crossover [10:40] 0,2 exit remainder ES @ 929.5 --> + 2 4,0 ŤŤ paper ťť [10:41] the cross above the previous 5m high was my entry trigger [10:41] 0,2 exit 1/3 ES @ 929.50 --> + 2 [10:42] nice pt, did the same with stoch. [10:42] yeah what a classic pattern, i have been waiting for that to setup since monday [10:42] lol [10:43] i just think its such a cool setup, takes forever to form [10:43] dow is closing gap [10:44] I mean going back to its open [10:44] right [10:45] lets see if we can get 932 [10:45] p^t...the best trade setups are the ones we have to wait for to show up and be patient after entry. [10:45] im taking 31 jazz [10:45] 0,4 exited remainder Long: 931.00 --> + 3.25 [10:46] ah - the world is right again now [10:46] thats a good chice too. [10:46] lol, ratso [10:46] :) [10:46] 20 ema 30 minute line, 50 ema 15m line, so im not gonna fight that [10:46] I waited all morning for a particular trade setup (Long signal)...it didn't appear...took other trades...covered my last position and then missed that trade signal I was waiting all morning for via updating my trading notes... [10:46] go figure :) [10:56] 0,2 exit 1/3 ES @ 932.75 --> + 5.25 [10:56] :) [10:56] now that is nice :) [10:56] Nice. [10:56] 935 for my last one [10:57] hehe [11:01] good long move jazz [11:01] yes, thanks [11:06] its like a maraton [11:06] Jazz...that's a very nice 935.00 target...one more good push...you'll have it. [11:09] 0,2 exit remainder ES @ 933 --> + 5.5 [11:09] Jazz...you chicken out? [11:09] :) [11:09] it looks like the end of the move [11:10] thats a short here [11:10] I would'uv done the same. [11:10] watch hist.. on macd [11:10] Yes...I saw it go red (below 0 line support). [11:11] Also a little divergence in the last to price peaks. [11:11] Bearish. [11:12] this a classic setup of yours. [11:14] markets having tough time to move to positive side [11:14] daily chart looks like an inside bar day, trading range is probably set for the day here at this point [11:15] Actually...its not exactly my classic trade setup...but very close to it. [11:15] volume looks a little light [11:16] Had I took a poke at it anyways...would have been with a reduced position size to control risk. [11:16] especially since its after 1030am est. [11:16] 0,4 Shorts ES @ 933.50 [11:17] 0,4 Shorts ES @ 933.25 4,0 ŤŤ paper ťť [11:22] anyone here need a cafe? going to make some. [11:22] 0,2 exit 1/2 ES @ 932.75 --> + 0.5 4,0 ŤŤ paper ťť [11:23] 0,3 covered 1/2 Short: 932.50 --> + 1 [11:24] I know this my seem odd to say... [11:24] has anyone notice when/if they do trade reversals... [11:24] thanks Jazz, i better pass, need to keep my caffine level low to control my over flinchyness [11:24] 0,2 exit remainder ES @ 931.5 --> + 1.75 4,0 ŤŤ paper ťť [11:24] there's NO SLIPPAGE. [11:25] Or do I just have an excellent broker? [11:25] 0,3 covered remainder Short: 931.25 --> + 2.25 [11:25] well i use limit orders so i dont have slippage issues [11:25] i have missed trade issues :) [11:26] no free lunch :) [11:26] :) [11:26] 0,4 Shorts ES @ 931.50 -> small size [11:26] as you well know that is the big problem with limit orders, getting fills [11:27] Yes...they have caused me some major headaches sometimes. [11:27] nice short pt [11:27] thanks, used the same target for the short exit as i used for the long exit earlier :) [11:28] nice abc correction on the 5m chart right into support [11:28] * Kalle is now known as Kalle_|_away [11:29] equal move projection of this retracement is 940 :) [11:31] fib? [11:31] no [11:31] equal move [11:31] 1.00 [11:31] distance from low to this peak minus distance from retracement low to next peak [11:32] ok [11:32] there is a fib number that aligns closely with the 937 area which is a midpoint pivot line [11:32] .871 projection i think [11:32] you can use fib for that [11:33] right [11:33] yes i use .871 and 1.00 and 1.25 or something [11:33] whatever they are.... i forget now [11:33] 1.00 is the one i like best [11:33] lol [11:34] gonna get some lunch, bbial [11:34] :) [11:37] 0,3 covered all Short: 933.00 --> - 1.5 [11:39] spaltt: you took that short basically with stochastic oversold. [11:40] here is my 935 goes to someone else. [11:40] 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. [11:41] I realized that I was shorting into support of 50ema on the 13m also [11:41] ok [11:42] Thanks [11:42] I appreciate lots of pointers [11:44] :) [11:45] 0,3 Buys ES @ 934.75 [11:58] 0,4 Shorts ES @ 936 [12:03] 0,4 Shorts ES @ 935.00 -> small size [12:05] 0,4 Shorts ES @ 935.50 4,0 ŤŤ paper ťť [12:05] 0,3 Buys ES @ 935.00 [12:08] hmm [12:08] :> [12:08] i took the 5m flag [12:08] thought we might get another projection move up from the flag [12:11] 0,2 exit 1/2 ES @ 935 --> + 1 [12:15] I am afraid it still has the upside potential [12:16] yep [12:19] 0,2 exit 1/2 ES @ 934 --> + 1.5 4,0 ŤŤ paper ťť [12:19] 0,2 exit long ES @ 934.50 --> - 0.25 [12:19] 0,4 reverse and enter short ES @ 934.50 [12:20] 0,2 exit remainder ES @ 933.25 --> + 2.75 [12:21] 0,2 exit 1/3 ES @ 933.25 --> + 1.25 [12:31] 0,3 covered all Short: 932.25 --> + 2.75 [12:32] nice short splatt ! [12:32] 0,2 exit remainder ES @ 932.25 --> + 3.25 4,0 ŤŤ paper ťť [12:32] thanks [12:32] good one ratso [12:33] 0,2 exit 1/3 ES @ 932.25 --> + 2.25 [12:34] nice short jazz [12:35] nice shorts guys [12:36] lets see if it will hold on that 200 line [12:39] 0,3 Buys ES @ 933.50 4,0 ŤŤ paper ťť [12:42] 0,4 Shorts ES @ 933.75 [12:42] :> [12:43] :) [12:43] 0,2 exit 1/2 ES @ 935 --> + 1.5 4,0 ŤŤ paper ťť [12:44] 0,2 exit all ES @ 934.25 --> - 0.5 [12:44] 0,2 exit remainder ES @ 934.75 --> - 0.25 [12:45] 0,2 Exited Long ES Ť 935.00 ť 0 [12:45] 0,4 Reversed and Entered Short ES at 935.00 [12:47] 0,3 Buys ES @ 935 [12:47] lunchtime rally [12:49] * HPete is now known as HPete_away [12:49] triangle likely forming up here [12:50] 0,2 exit long ES @ 934 --> - 1 [12:50] 0,4 reverse and enter short ES @ 934 [12:50] 0,2 exit all ES @ 933.50 --> 0 4,0 ŤŤ paper ťť [12:50] 0,3 covered Short: 933.75 --> + 1.25 [12:52] 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. [12:59] triangle progressing to an eventual breakout [12:59] as volume and volatility continue to dry up in here [12:59] p^t...what chart interval? [12:59] 5 minute or 3 minute [13:00] Ok...I see it now. [13:00] im using the 50 ema 5 minute as the lower boundary of the triangle or support, and the down trendline as resistance [13:00] down trendline from 11:30 high [13:01] 200 ema 3m line also acting as support [13:02] and a pivot too [13:02] yes precisely [13:03] im gonna let it break, im terrible at predicting the eventual resolution direction of these things [13:14] once that red line on macd is about to go below 0 then.. [13:15] 0,2 exit 1/3 ES @ 930.25 --> + 3.75 [13:16] first 1/3 ? [13:16] yep [13:16] when did you enter ? [13:16] ( i was disconnected ) [13:16] 34 [13:17] time ? [13:17] about 30min [13:17] ok, thanks. great trade so far :)) [13:17] 20min [13:18] tough to synch the market today. [13:18] yep [13:20] 926 on target [13:21] :) [13:23] Flags work really fine this week [13:24] especially on the 3min chart [13:24] right [13:26] 34 was a perfect entry imo [13:27] well, I reversed after a false long, which happened to me several time today. [13:28] Very nice sell-off. [13:31] 0,4 Shorts ES @ 929.00 -> small size [13:31] 0,3 covered all Short: 928.00 --> + 1 [13:31] 0,2 exit 1/3 ES @ 928.50 --> + 5.5 [13:32] go jazz go [13:33] lol [13:34] Jazz on his way to the "Trade of the week Award" ;-) [13:34] and its only Wed [13:34] lol [13:35] lol [13:36] next week i´ll simply copy Jazz´s trades....don´t have to think on my own...and can blame him ;-)) [13:37] you don't want to do that. [13:37] try this [13:38] when you are in a good trade, just let it breath and try to get more point then your habits. [13:39] yeah, already did that today -- with a great result :) [13:39] ok, great. [13:39] :) [13:40] try to get more points than you are are used to? [13:41] So you set wider stops? [13:41] a good trade of mine can cover 3 losses. so maybe some adjustments to the risk/reward can be helpfull. [13:43] yep. switching to a higher timeframe also helped me [13:44] but this room did a lot of progress. I remember poeple here use to trade for a tick, now it looks much better. [13:45] Jazz...I completely agree with what you noticed. [13:45] We can't hit home runs every trading day... [13:46] however...we need to be "prepared" to hit a home run. [13:46] every trading day. [13:46] 0,4 Shorts ES @ 929.50 [13:46] I agree niha [13:47] Improved entry signals will allow trades to survive those infamous "wiggles". [13:47] yes, but as you noticed today market is different then yesterday. [13:48] Yes...a lot more follow through today...stronger price committment...faster and bigger profits. [13:49] These days don't come often and when they do each month...we need to exploit them. [13:49] yes [13:50] 0,3 covered Short: 930.00 --> - 0.5 [13:50] 0,2 exit remainder ES @ 930.50 --> + 3.5 [13:52] way to be patient jazz [13:52] nice J [13:52] :) [13:54] 0,4 Shorts ES @ 929.75 [13:54] this looks like an attempt to continue that short [13:55] 0,4 Shorts ES @ 929.00 [14:00] 0,3 covered 1/2 Short: 927.50 --> + 1.5 [14:02] 0,2 exit 1/3 ES @ 927.25 --> + 2.5 [14:02] :) [14:03] getting a pivot line sweep [14:04] 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. [14:05] you maybe right, but my indicators are not ready for a long. [14:05] prolly just noise [14:06] I see a low probability Long setup... [14:07] reduced size or take quick small profits would be advisable. [14:09] 0,3 covered remainder Short: 929.00 --> 0 [14:09] 0,3 Buys ES @ 928.75 4,0 ŤŤ paper ťť [14:10] nice entry [14:10] fluke [14:14] and now we see - baked ratso anyone? [14:15] Don't give up [14:15] If you feel like the mkt hasn't confirmed your choice just exit [14:16] I just wanna take this chance (to distract myself from this long) to say how great this room is. Thanks to Niha for running it and thanks to all you guys for all the help you give everyone everyday. [14:16] 0,2 exit short ES @ 929 --> + 0.75 [14:16] 0,3 reverse and enter long ES @ 929 [14:16] I agree,this forum helps alot [14:16] yay [14:16] company [14:17] 0,4 Shorts ES @ 828.25 [14:17] rough fill man [14:17] :) [14:17] 0,2 exit long ES @ 928 --> - 1 [14:17] 0,4 reverse and enter short ES @ 928 [14:18] *alone* [14:19] 0,4 Shorts ES @ 928.25 [14:20] lots of mixed signals here [14:22] 0,2 exit all ES @ 927.25 --> - 1.5 4,0 ŤŤ paper ťť [14:22] testing lod ? [14:26] 0,3 covered Short: 928.00 --> + 0.25 [14:29] 0,3 Buys ES @ 928.5 4,0 ŤŤ paper ťť [14:30] 0,2 exit remainder ES @ 927.25 --> - 1.25 4,0 ŤŤ paper ťť [14:30] oops [14:30] I can understand your exit pt. crazy stuff here today. [14:31] well [14:31] im looking at all this bar overlap on the 15 minute chart [14:31] 0,2 exit all ES @ 928 --> 0 [14:31] and if your timing is on target, your in decent shape for a scalp [14:31] lol [14:31] it your timing is backwards, then your gonna get a -1.25 stop pretty much for sure [14:32] ratso check private message in eminifutures room [14:32] so basically this is a scalp setup using the 15 minute down channel as your guide [14:32] not a good area to look for a 5 point trend :) [14:33] I guess not [14:33] So the 926 area has been tested 3x now a sign of a move up next time? [14:34] go figure. [14:34] splatt, look at this as a 15 minute chart channel, these are very hard to predict when it will end or how [14:35] see all the bar overlap, the same could be said for 929.50 [14:35] your basically caught in a range here [14:35] Yes ,I see stuck in this small range [14:35] :) [14:36] so its a breakout or breakdown from those levels [14:37] yep, unless you're willing to take the risk. [14:38] well we have done a lot of trades today, so if your feeling a little tired, this is not a good setup to be chasing price in [14:38] its a good setup to get turned around backwards in [14:38] I think that 15min channel is a good guide. [14:38] yep [14:39] Isn't it true that the professionals play the middle of a move and let the amateurs take the top and bottom? [14:39] Higher odds for the pros [14:40] well pro's tend to favor times of high price velocity [14:40] when price slows down a pro will tend to step away [14:41] also [14:41] many folks like to fade breakout type of moves [14:41] so there is a lot of fading going on [14:51] * szubaark_afk is now known as szubaark [14:52] * HPete_away is now known as HPete [14:54] I see ES stuck into a narrow channel [14:55] yep [14:55] good time to get some milk and cookies and have a walk around outside for some fresh air :) [14:55]