Session Start: Mon Aug 11 09:15:01 2003 Session Ident: #FuturesTrades [09:15] * Now talking in #FuturesTrades [09:15] * Topic is 'Active realtime trade posting ES, NQ, SPY, QQQ, YM, DIA (private and free)...more info at http://www.thestrategylab.com/FuturesTradesChatRoom.htm' [09:15] * Set by X on Thu Jul 31 11:08:39 [09:15] [NihabaAshi] Password changes, trade post script changes and trader profiles are posted ONLY at free discussion board at http://www.thestrategylab.com/Forums.htm [09:15] Good morning all. [09:15] Hi venedom...welcome :) [09:15] gm [09:16] Venedom...when you get a chance...can you do a test trade post to make sure your trade post script has been installed properly. [09:16] Thanks...it should look similar to this... [09:16] 0,4 Shorts ES @ 1900.00 4,0 «« testing »»  [09:16] 0,2 Covered all ES Short @ 1902.00 --> - 2 4,0 «« testing »»  [09:17] Hi Wanna. [09:17] hello niha. hows everything? [09:17] good morning [09:18] 0,3 Long ES @ 982  [09:18] 0,2 Exited all ES Long @ 983 --> + 1  [09:18] Good...I'm well rested because I had serious internet connection problems over the weekend...and couldnt do any work. [09:18] ty [09:18] Now I'm a little more behind schedule :) [09:18] Thankes Venedom [09:18] yw [09:19] Good morning to you all. [09:19] gm niha [09:20] Hi tigga. [09:21] No Key Econoimic Reports today...just those bill auction stuff at 11am and 1pm est. [09:21] The only exon news I have on my calendar is the Kansas City Fed Manufacturing survey at 11 [09:22] econ, even, Not exon. :) [09:22] here a view out of my living room window: http://photos.photosig.com/photos/92/95/989592-f89d161eacd0735e.jpg [09:22] :) [09:22] Howdy Jazz. [09:22] good morning [09:22] Tigga...is that really your view? [09:22] * Kalle_|_away is now known as Kalle [09:22] niha: not really ;) [09:22] I wish it was mine :) [09:23] yeah [09:23] thats in Cal [09:24] I know a guy in Seattle that trades from his huge sail boat. [09:25] He mainly uses it almost as a house boat. [09:25] how does he connect ? [09:25] Sat, I imagine [09:25] Tough to run those DSL lines to a boat :) [09:25] I'm not sure...my guess is some weird satallite feed. [09:26] hm [09:26] Same thing he uses on his RV. [09:26] not very reliable [09:26] Nothing like seagulls waking one up, enjoying that fresh sea air then squirting the bird for trading. [09:27] He's not a daytrader...he's a swing trader and not too concern about the connection speed. [09:29] 0,3 Buys ES @ 977.25  [09:29] We've got an unusual chart situation for the ES and NQ via the 15min all session chart. [09:29] Jazz shows up and jumps right in :) [09:29] ES above the 200eMA line while NQ is below its 200eMA. [09:29] morning [09:30] Howdy Robby. [09:30] Via the relationshiip of the 50eMA and 200eMA lines. [09:30] Look at NQ and ES duking it out [09:30] if I get a signal, why not. [09:30] :) [09:31] looking for a nice upmarket today [09:31] :-) [09:32] 0,3 Long ES @ 977.50 -> small size  [09:33] 0,2 Exited 1/3 NQ Long @ 1213 --> + 5  [09:35] 0,2 Exited all ES Long @ 977.50 --> 0  [09:35] Could be factory orders at 10 today, but I don't have that listed. [09:36] 0,4 Shorts ES @ 977.25  [09:38] 0,3 Buys ES @ 977.00 -> small size  [09:39] 0,4 Shorts ES @ 977.50 -> medium size  [09:43] short nq @ 1210.5 [09:43] 0,3 Long ES @ 977.75 -> small size  [09:43] 3 contracts only [09:44] 0,2 Covered all ES Short @ 977.75 --> - 0.5  [09:44] Crap...a bearish divergence is trying to form. [09:44] 0,4 Shorts EUR @ 1.1323  [09:44] i was looking at that niha [09:45] Nevermind...it broke through resistance :) [09:45] 0,2 Covered all ES Short @ 979 --> - 1.5  [09:45] yeah nevermind [09:45] exit short nq @1214 -3.5 [09:45] 0,2 Exited 1/3 Long ES at 980 --> + 2.75  [09:46] 0,2 Exited 2/3 ES Long @ 980.00 --> + 2.25  [09:46] 0,2 Exited 1/3 NQ Long @ 1219 --> + 11  [09:47] Still holding 1 contract... [09:47] 0,4 exited all Long: 980.25 --> + 3.25  [09:47] 0,6 exit stop set ES @ 978.00  [09:48] good chance to get a flag on the 1min [09:49] 0,3 Buys ES @ 979.50 -> small size  [09:50] 0,3 Buys ES @ 79.75 4,0 «« paper »»  [09:50] 0,4 exited all Long: 980.25 --> + 0.75  [09:50] 0,2 Exited Remainder NQ Long @ 1220 --> + 12  [09:51] excellent tig [09:51] nice [09:51] thx [09:54] Had the NQ been in sync with the ES with the relationship between the 50eMA and 200eMA line... [09:54] 0,2 Exited all Long ES at 80.25 --> + 0.5 4,0 «« paper »»  [09:54] I would have put on some size on that Long position. [09:54] hm [09:54] http://www.4fr.de/chart.jpg [09:54] was a perfect risk/reward trade [09:54] is that a chart for that trade tigga? [09:55] yup [09:56] 0,4 Shorts ES @ 979.75 -> medium size  [09:57] 0,3 Buys ES @ 979.75 -> small size  [09:57] Thanks tigga. [09:57] 0,6 exit stop raised ES @ 978.75  [09:58] 0,4 exited all Long: 981.50 --> + 1.75  [09:58] 0,3 Long NQ @ 1220.5  [09:58] 0,6 exit stop raised ES @ 979.25  [09:59] 0,4 Shorts ER2 @ 456 -> small size  [09:59] 0,2 Exited 1/3 Long ES at 981.50 --> + 4.25  [09:59] way to hold on Jazz [09:59] :) [10:00] 0,3 Long NQ @ 1220.5  [10:01] 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. [10:01] 0,2 Exited all NQ Long @ 1218.50 --> - 2  [10:01] 0,2 Covered 1/2 Short EUR at 1.1316 --> + 10.0007  [10:02] +7 ticks [10:04] AD line holding up well. [10:04] 0,4 Shorts ES @ 980.75 -> small size  [10:04] 0,6 exit stop raised ES @ 980.00  [10:06] 0,4 Shorts ES @ 80.5 4,0 «« paper »»  [10:07] 0,2 Exited Remainder ES Long @ 980.25 --> + 2.5  [10:07] FFT do you use a simulator? [10:08] 0,3 covered all Short: 979.75 --> + 1  [10:08] 0,2 Exited all Long NQ @ 1218.5 --> - 2  [10:08] 0,2 Covered all Short ES at 80 --> + 0.5 4,0 «« paper »»  [10:09] 0,2 Covered 1/2 Short ER2 at 455.10 --> + 0.9  [10:10] 0,3 Long NQ @ 1217 -> large size  [10:11] That remainder was a problem exit for me... [10:12] I got an exit signal when ES tested 982.00 upon that candlestick completion in the 1min chart. [10:12] A failed continuation signal. [10:13] 0,2 Covered remainder Short EUR at 1.1312 --> + 10.0011  [10:14] 0,2 Exited 1/2 Long NQ at 1219.5 --> + 2.5  [10:16] 0,2 Exited remainder Long NQ at 1221 --> + 4  [10:16] 0,2 Covered Short ER2 at 459.90 --> - 3.9  [10:16] 0,2 Covered all ES Short @ 982.25 --> - 2.5  [10:17] 0,2 Covered Short ER2 at 455.90 --> + 0.1  [10:18] 0,4 Shorts NQ @ 1224.5 -> small size  [10:19] 0,4 Shorts NQ @ 1227 -> Add  [10:21] 0,6 exit stop set NQ @ 1228.5  [10:22] 0,4 Shorts ES @ 983.75 -> medium size  [10:22] 0,4 Shorts ES @ 983.75  [10:26] 0,2 Covered all ES Short @ 983.75 --> 0  [10:26] 0,2 stop hit NQ @ 1228.5 --> - 5.5  [10:27] 0,2 Covered all ES Short @ 984 --> - 0.25  [10:27] * FFT is patiently waiting on a nice short. [10:29] ;) [10:29] 0,4 Shorts ES @ 984 -> medium size  [10:30] * Robby is twiddling thumbs [10:30] FFT: looks like we range soon [10:30] Yeah, didn't get enough victims to buy, so no short :( [10:30] tigga I wasn't able to figure out the entry for your trade from the chart you posted, do you have any other info posted? [10:31] i installed a new script [10:31] sorry [10:31] the post was wrong [10:32] http://www.4fr.de/chart.jpg [10:34] Hmmm...I may get another chance to test my new "failed continuation strategy" again. [10:34] I'm still getting the kinks out of it. [10:34] tigga do you have any notes posted on what the entry is based on? [10:35] robby: only on the indicator below [10:35] 0,2 Exited remainder Long ES at 984.25 --> + 7  [10:35] nice jazz [10:35] Swinging for the fences! Nice Jazz. [10:36] perfect trade, Jazz ! [10:36] man :)) [10:36] Jazz could earn a nice living trading just half a contract :) [10:36] Sweet jazz :-) [10:36] lol, right [10:36] thanks all [10:37] lol, FFT [10:38] It's 10:38 AM and my morning paper just got here. [10:38] 0,4 Shorts NQ @ 1230 -> small size  [10:40] we have 985 resistance 60min chart [10:41] FFT: don`t wanna know how many he had on that one ;) [10:41] Come on ES, let's go test that. Need a pop to short. [10:41] tigga, yeah, in Jazz's case it's a good thing we don't see size - we'd all cry. [10:41] :) [10:42] :) for sure on this trade [10:42] 0,2 Covered 1/2 Short NQ at 1227.5 --> + 2.5  [10:43] 0,6 exit stop moved to breakeven ES @ 984  [10:45] 0,2 Covered all Short NQ at 1227.50 --> + 2.5  [10:53] 0,4 Shorts ES @ 81.5 4,0 «« paper »»  [10:53] 0,6 exit stop lowered ES @ 983  [10:54] 0,6 limit to cover short ES @ 980 4,0 «« paper »»  [10:58] short nq @1227 [10:58] 0,6 exit stop lowered ES @ 982.50  [10:59] 0,2 Covered all ES Short @ 981.50 --> + 2.5  [11:02] exit short nq @1230 -3 stopped out [11:03] robby: range imho [11:06] 0,3 Long ES @ 981.75 -> medium size  [11:07] 0,3 Long ES @ 981.50  [11:08] one question where do I put the size in the script ty [11:08] tigga: seems like lots of neg divergence [11:08] don`t like the chart here [11:08] better to stay away [11:08] 0,2 Covered all Short ES at 81 --> + 0.5 4,0 «« paper »»  [11:10] 0,2 Exited all ES Long @ 979.75 --> - 2  [11:11] FFT do you use a simulator? [11:11] Use my own trading app to simulate trades, (and to make them). [11:11] ah.. [11:11] 0,3 Buys NQ @ 1223 -> small size  [11:12] No real trades today, as I just got back from a week vacation. [11:13] 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. [11:13] Could be a very nice bullish hammer on ES 3 minute [11:15] White hammer confirmed. [11:15] 0,3 Long ES @ 978 4,0 «« paper »»  [11:15] 0,3 Long ES @ 978 -> medium size  [11:15] * les-away is now known as les [11:19] 0,3 Buys NQ @ 1224 -> Add  [11:19] go boy, go [11:23] 0,2 Exited remainder Long NQ at 1223.5 --> 0  [11:23] 0,4 Shorts NQ @ 1223.50 -> medium size  [11:24] technically we lost the main uptrend and got a bearflag [11:25] normally i would've shorted the flag [11:26] but nq price action shows divergence from es from 10:08 [11:26] true les [11:27] its a biggie, so i thought i'd go with that instead [11:27] 0,4 Shorts NQ @ 1225.5 -> Add  [11:32] 0,2 Exited all ES Long @ 978 --> 0  [11:33] * Kalle is now known as Kalle_|_away [11:35] 0,3 Buys ES @ 977.50  [11:36] 0,2 Covered 1/2 Short NQ at 1224 --> + 1.5  [11:36] 0,3 Buys ES @ 78.25 4,0 «« paper »»  [11:38] 0,4 Shorts ES @ 978 -> medium size  [11:38] 0,2 Covered remainder Short NQ at 1222 --> + 1.5  [11:38] +1.5 ? [11:41] 0,3 Buys NQ @ 1219.5  [11:42] 0,2 Exited all Long ES at 976.50 --> - 1  [11:42] 0,2 Exited all Long ES at 76 --> - 2.25 4,0 «« paper »»  [11:44] 0,6 exit stop moved to breakeven ES @ 978  [11:44] 0,6 exit stop lowered ES @ 976  [11:46] 0,3 Buys NQ @ 1214 -> medium size  [11:46] add [11:47] 0,6 exit stop lowered ES @ 975  [11:47] uuuh...ES looks not very incurating [11:48] 0,2 Covered all ES Short @ 973.25 --> + 4.75  [11:50] I`m starting to hate my snake it was right again and tigga didn`t listen [11:52] Tigga, what is incurating? [11:53] incuraging [11:53] couraging ;) [11:53] I had to look in the dictionary :) [11:53] 0,2 Exited 1/2 Long NQ at 1216.5 --> + 2.5  [11:53] lol...sorry [11:54] just havun fun :) [11:55] Tigga, nice hits for you today!!! [11:56] its ok [11:56] i sold 3 times much to early [11:56] 0,2 Exited ES Long @ 976.5 --> - 1.5 4,0 «« paper »»  [11:57] forgsot to enter that earlier [11:58] 0,3 Long ES @ 974 -> medium size  [11:59] les was it you that told me about a simulator on friday? [12:02] 0,2 Exited all Long NQ at 1216.50 --> + 2.5  [12:04] nice [12:07] 0,4 Shorts NQ @ 1216  [12:10] 0,2 Exited all ES Long @ 974.50 --> + 0.5  [12:11] 0,4 Shorts ES @ 974.50 -> medium size  [12:14] 0,2 Covered all Short NQ at 1215.5 --> + 0.5  [12:16] * Kalle_|_away is now known as Kalle [12:25] 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. [12:28] 0,4 Shorts ES @ 75.25 4,0 «« paper »»  [12:31] * les is now known as lesOnBreak [12:33] 0,2 Covered all ES Short @ 975.75 --> - 1.25  [12:37] 0,3 Long ES @ 976.50 -> medium size  [12:57] amt: why ? [12:58] I was looking for after lunch push...none today so far. [12:59] yeah, market still sleeping [12:59] volume is weak [12:59] looking at daily one more big dip would be great [12:59] That's what I'm looking for, tigga. [13:01] yeah but you should get part of that pos here [13:02] do you see 50 eMA as support here on daily? [13:04] where is the after lunch volume? [13:06] above 977.50 is where I see a possible push here [13:12] Are you all still laughing or do you have any ideas? [13:16] idea: stay away [13:16] 0,2 Exited all ES Long @ 977.50 --> + 1  [13:16] no darn volume [13:18] Tigga, stay away makes sense! [13:19] atm yes [13:21] amt: and there it goes [13:21] lol [13:21] Of course! [13:21] happend to me 4 times today [13:22] 979.50 is the next possible push point [13:23] still nothing very strong in here last 1 1/2 hours [13:30] BADABING! [13:30] Hello! 99 [13:30] :) [13:30] hello there traderant [13:31] howdy dowdy sailor [13:31] traderant99...glad you finally made it. [13:31] what a long strange trip its been [13:31] I'll get that shirt mailed to you today that saids "I survived the registration process of 2003" [13:31] :) [13:31] ok robby im here no mo wisecracks [13:32] geez [13:32] :) [13:32] wow what a blast past the open [13:32] lol [13:33] i normally wouldnt be trying to trade this mess, but im getting geared up for sept with my new system and all [13:35] You can always Paper Trade until then :) [13:35] yes indeed [13:36] so how to you post a trade? [13:36] just assimple as L78? [13:37] 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. [13:38] who is this "X" chap? not to friendly :) [13:38] is he a bot? [13:40] 0,4 Shorts NQ @ 1222  [13:41] X is the control center...only I or anybody with a @ next to their name has access to. [13:41] Actually...only I have access to the X. [13:41] And the X determins other controls via @ [13:42] so he is your alter ego...so to speak [13:43] are there preprogrammed buttons that mark trades like the one Tigga just posted or do u have to type them in [13:44] What do you mean by the word MARK??? [13:44] traderant99...did you read the instructions...if not...you must install your trade post script to remain in the room. [13:44] Once you do that...you'll be able to post stuff like everybody else. [13:45] haha...more instructions?...its possible i didnt catch them [13:45] lol [13:45] opk let me look [13:46] I figure you didn't read them because you asked a question about tigga trade post. [13:46] 0,2 Covered all Short ES at 78.75 --> - 3.5 4,0 «« paper »»  [13:47] so im not really on....yet...lol [13:48] Yep...your almost there...next...do a "Test" trade post after you've installed the script. [13:48] In fact...after you've installed the script...quickly log-off...close your mIRC and then re-open it and log back on. [13:49] That's will prevent a possible problem with the script. [14:06] 0,3 Buys ES @ 977.50  [14:16] nia: thanks i got it fixed [14:16] niha [14:17] test [14:17] short [14:17] 0,2 Covered 1/2 Short NQ at 1219 --> + 3  [14:17] wtg tigga [14:18] lil by lil, step by step today [14:19] ok, i think i got the scripts [14:22] * traderant99 slaps traderant99 around a bit with a large trout [14:31] 0,4 Shorts NQ @ 1223  [14:38] nihabaashi does it matter if the script is in programs files/mirc as opposed to c:/mirc [14:38] 0,2 Covered 1/2 Short NQ at 1222 --> + 1  [14:42] what is this trout stuff? [14:42] * tigga slaps WannaBeATrader around a bit with a large trout [14:43] i dont get it [14:43] ever read asterix ? [14:43] no. [14:43] thats the problem [14:43] oh. ok. [14:43] ;) [14:43] i guess i am not enlightened [14:43] not yet [14:43] if someone does something stupid they throw a trout at his head [14:44] thats a new one... [14:44] * traderant99 slaps WannaBeATrader around a bit with a large trout [14:44] 0,2 Covered all Short NQ at 1220 --> + 3  [14:44] like that :) [14:45] trout is a fish [14:48] 0,4 exited all Long: 977.00 --> - 0.5  [14:48] 0,3 Buys NQ @ 1219.5  [14:48] here comes a test [14:49] Ok [14:49] 0,4 Shorts ES @ 977  [14:49] 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. [14:49] * traderant99 slaps X around a bit with a large trout [14:49] a trout is a fish? wow tig, thanks [14:49] You passed the test :) [14:50] geez, college final was easier then getting in this freakin room.....hope u guys are better than me! [14:51] its not that bad [14:51] College is designed to prepare you for work... [14:51] this room is designed to prepare you for life :) [14:51] Niha's like the nun with the ruler in Catholic school! [14:51] lol...i've never worked so hard or long getting ready to trade [14:52] Tomorrow we're going to talk about how to balance your check book :) [14:52] 0,2 Exited 1/2 Long NQ at 1221 --> + 1.5  [14:52] so it is evident that tigga is the scalper in this room [14:52] you better start writing your term paper then... [14:52] no [14:52] Ruler...they used a 10inch long 2inch diameter stick on me. [14:52] who are they swingers? [14:53] i only scalp at this time [14:53] normaly i swing [14:53] tig is one of the "longer term" players in here [14:53] hey wannabe...are you or are you still a wannebe...no pun intended [14:53] thx wanna [14:54] and he swings a mean fish [14:55] ok guys...im outta here, gotta go form a fantasy football league...cya all tommorrow [14:55] Cya [14:55] 0,2 Exited all Long NQ at 1219 --> - 0.5  [15:00] damn [15:00] TICK is smokin [15:00] fake to me [15:09] 0,3 Buys ES @ 78.75 4,0 «« paper »»  [15:13] 0,2 Exited all Long ES at 980 --> + 901.25 4,0 «« paper »»  [15:13] WOW [15:13] 0,2 Exited all Long ES at 80 --> + 1.25 4,0 «« paper »»  [15:13] ;) [15:13] I'll be retiring now. :D [15:13] lol [15:15] money money money, would be funny, in a rich mans world [15:16] Talk about yer paper profits :D [15:21] I have a question about trade entries and stops [15:21] * lesOnBreak is now known as les [15:22] I did a short trade this morning, and was stopped out for a loss, if I hadnt been stopped out it would have been quite profitable, how do people do to avoid that? [15:22] 0,3 Buys NQ @ 1221.5  [15:24] Robby...are you talking about this particular trade? [15:24] [09:43] short nq @ 1210.5 [15:24] [09:45] exit short nq @1214 -3.5 [15:25] no , entry was at 10:57 am [15:26] exit was at 11:02 [15:26] Ok...I see it now... [15:26] [10:58] short nq @1227 [15:26] yes thats the one [15:26] [11:02] exit short nq @1230 -3 stopped out [15:27] Robby...what chart interval did you use on that trade for entry signal and for exit signal??? [15:30] entry was based on stochs 1,3, and 5min charts, it had just come off the highs [15:30] 0,3 Buys NQ @ 1220  [15:30] I'm confused... [15:30] did you use a hard dollar stop? [15:31] yes I had a 3 point stop when I entered the trade [15:31] well, in this case, ask yourself what would have invalidated the short? [15:31] if your using a 5 minute stop...why is your entry about 3 minutes after completion of the prior 5min chart interval or 2mins before the next completion of 5min chart interval... [15:32] Simply...what caused your late entry or early entry??? [15:32] oh the entry itself was from 1 min charts [15:33] Ok...so your entry is based on the 1min charts via "confirmation" from a 5min chart. [15:34] yes, on 1min there were several bars where it wasnt able to go back up [15:34] then there's one last gasp going up, where I got stopped out [15:34] 0,2 Exited 1/2 Long NQ at 1221.50 --> + 1.5  [15:37] Robby...are you using NQ all session (globex charts) or non-all session charts (no overnight data)? [15:37] I'm trying to see what you were seeing. [15:37] oh.. I should have mentioned, I'm using NDX charts [15:38] That's ok. [15:38] the trade was based on NDX [15:38] I figure they tract pretty close [15:38] track [15:39] I personally don't like the gaps produced on the NDX charts when looking at 1min chart information. [15:39] Minimum of 3min interval charts for the NDX. [15:39] 0,2 Exited remainder Long NQ at 1222.5 --> + 2.5  [15:40] strange, I havent noticed any gaps [15:40] Robby...what charting program are you using? [15:40] 0,4 Shorts NQ @ 1223.5  [15:40] Is it the same as in your Trader Profile? [15:41] I use prophet charts which I get with another brokerage account, yes same as in profile [15:42] Ok...I think I got stuff setup on my analysis workspace as yours... [15:42] I don't see any reason nor signals for to get Short. [15:43] In fact...via NQ all session chart...price was near/at the 50eMA support... [15:44] tough spot to short in a price pullback from an uptrend. [15:44] but wouldnt you say it was a good trade, if I hadnt been stopped out? could have made 3 to 4 points [15:46] Robby...that's where you confuse me when you say that... [15:46] almost as if your saying if you didn't use a stop...took a chance it wouldn't go higher...you would have made 3 to 4 points when the price reversed and came back down. [15:47] This is what I see... [15:47] 0,2 Covered all Short NQ at 1223 --> + 0.5  [15:48] you attempted to Short support in an uptrend eventhough you had on your side that NQ had just put in a lower high... [15:48] you got stopped out at a resistance level...a resistance level that held firmly. [15:48] right I guess that's it, if I had entered just a bit earlier or later... [15:48] Those are the worst feeling stop outs. [15:49] Happen to me about 2 weeks ago...took me out by 1 tick...reversed and dropped many points. [15:49] ouch... guess there's not much to do about it then [15:50] I think had your entry been a little better by a few points and your stop was 1 tick above that resistance level... [15:50] Your trade would have been profitable. [15:51] 0,3 Buys ES @ 79.25 4,0 «« paper »»  [15:51] I know some successful traders that don't Short uptrends until price has fallen below that key 50eMA support line and then make a lower high either below/at the 50eMA line. [15:52] nice trades c u tomorrow [15:52] Cya Ven [15:52] Take care Venedom [15:52] ty [15:52] niha: those traders have to sit on there hands for days sometimes [15:52] tigga...exactly... [15:52] They don't get many signals...but when they do...they usually load up :) [15:54] The guys I know usually go in with about 50 contracts...I'm not sure if there using any other filters or indicators. [15:56] Robby...that little strategy I mentioned...I don't know much about it... [15:56] didn't hear much about it until July 31st after that big late afternoon drop. [15:57] The guy said it was a picture perfect setup for him via the 3min all session chart... [15:57] you mean using the 50ema line? [15:58] he said he put 50 contracts...NQ...rode it down for something like +12 points per contract. [15:59] Yes...the 50eMA line...he uses it as a support line. [15:59] sounds risky if he only uses that line [15:59] Only one way to find out :) [15:59] :) [16:00] He's an indicator type of a guy...I'm sure he's using something else like MACD or something. [16:00] 0,2 Exited all Long ES at 80.25 --> + 1 4,0 «« paper »»  [16:01] 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. [16:01] That's all for me today, time for chores. Cya all tomorrow [16:01] * FFT is now known as FFT_Away [16:09] I'm outta here...gotta go grocery shopping with the spouse to ensure I get some things that I like to eat :) [16:10] * NihabaAshi is now known as NihabaAshi_doritos [16:11] * NihabaAshi_doritos is now known as NihabaAshi_Honeycomb [16:11] bye everyone [16:11] bye Robby [16:11] bye all [16:11] bye all [16:34] niha: how can i get MIRC to autojoin channels and enter text automatically when i join ? [16:36] that is infuriatin [16:36] g [17:13] 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. [17:48] * Disconnected Session Close: Mon Aug 11 17:48:44 2003