Session Start: Mon Aug 25 09:16:36 2003 Session Ident: #FuturesTrades [09:16] * Now talking in #FuturesTrades [09:16] [NihabaAshi] Password changes, trade post script changes and trader profiles are posted ONLY at free discussion board at http://www.thestrategylab.com/Forums.htm [09:16] Good morning all. [09:17] It's Open House Week (password not needed) so any trader can log in :) [09:20] good morning [09:20] gm [09:20] Good morning Jazz. [09:20] good morning, hope everyone had a great weekend [09:21] G'morning everybody [09:21] morning niha [09:22] Hi splatt...welcome back. [09:22] Good morning all. [09:22] Hi JavaGuest1... [09:23] Existing Home Sales due at 10 AM EDT today. [09:24] Thanks FFT. [09:24] :) [09:26] Morning [09:26] Howdy Robby. [09:27] Niha I got an email yesterday saying I'm not active, is that a mistake? [09:31] 0,4 Shorts NQ @ 1305.5 [09:32] 0,4 Shorts ES @ 993 [09:32] robtemp@mail.com [09:33] Ok...thanks...you didn't have to post it in the open forum :) [09:34] well I just thought I'd be able to get some breast enlargement offers.. [09:34] Robby...I'll remove that email of my mailing list for general stuff. [09:34] short es 992.25 [09:34] ok thanks [09:37] long nq 1308 [09:37] 0,4 Shorts ES @ 992.50 -> medium size [09:39] exit long nq 1306 -2 [09:40] AD Line is now weak. [09:41] going down today [09:41] 0,2 Covered 1/2 Short NQ at 1302.5 --> + 3 [09:41] nice! [09:41] 0,4 Shorts ES @ 991.00 -> small size [09:42] I think this room is pushing the market down :) [09:42] Whatever it takes to make some profits [09:43] 0,2 Covered 1/3 Short ES at 990.50 --> + 2.5 [09:43] great! [09:44] this doesnt bode well for continued lower prices however imvho [09:45] News in 15 [09:46] 0,4 Shorts ES @ 990.25 4,0 ŤŤ paper ťť [09:47] 0,2 Covered all ES Short @ 990 --> + 2.5 [09:48] 0,3 covered short ES @ 991.00 --> 0 [09:48] 0,3 reverse and enter long ES @ 991.00 [09:48] nice amt [09:48] thanx [09:48] nice to start off with a win [09:49] 0,2 Covered all ES Short @ 991.25 -1 --> + 990.25 - 991.25 -1 4,0 ŤŤ paper ťť [09:50] 0,4 Shorts ES @ 991.50 -> medium size [09:50] * X changes topic to 'Active realtime trade posting ES, NQ, SPY, QQQ, YM, DIA (private and free)...more info at http://www.thestrategylab.com/FuturesTradesChatRoom.htm' [09:50] staying out until 10a [09:52] Me too [09:52] wonder if I covered too soon darn it. [09:52] come on guy's [09:52] 0,4 exited all Long: 990.00 --> - 1 [09:52] just go short [09:53] * FFT briefly considers the "Push Button and Pray" stratgey - noting that it has not served him well in the past :D [09:53] 0,2 Covered all ES Short @ 989.50 --> + 2 [09:53] 0,2 Covered all Short NQ at 1301 --> + 4.5 [09:53] 0,3 Buys NQ @ 1301 [09:53] great one [09:54] now I will watch and see [09:54] I'm reducing my size on any Long signals. [09:54] 0,6 exit stop set NQ @ 1209.5 [09:54] 0,2 Exited 1/2 Long NQ at 1303 --> + 2 [09:55] long is scary today IMHO [09:55] Agree. [09:56] Me too :( [09:56] we keep making creeping new lows [09:56] with trin @ 1.62 and holding i agree [09:56] have to see what news does [09:56] 0,2 Covered 1/3 Short ES at 989.25 --> + 3.75 [09:56] 0,2 Exited all Long NQ at 1301.5 --> + 0.5 [09:56] Sweet! [09:57] :) [09:58] 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. [09:58] 0,3 Long ES @ 990.25 -> small size [09:58] Covered short ES 990.25 +2 [09:58] 3 contracts only. [09:58] signal? [09:58] I hope this is not going to be one of those slow gind down days [09:58] Tight stop...1 point. [09:59] No...we should get some play today [09:59] 0,6 exit stop set ES @ 989.25 [10:00] 0,4 Shorts NQ @ 1304 [10:00] 6.12m [10:00] 0,4 Shorts ES @ 990.25 -> medium size [10:00] 0,2 Covered 1/2 Short NQ at 1300 --> + 4 [10:01] 0,2 Trailing Stop Hit ES @ 989.25 --> - 1 [10:01] 6.12m vs 5.9m expected [10:01] 0,2 Covered all Short NQ at 1298 --> + 6 [10:01] Geeesh...I got no fill at 991.25 :( [10:01] 0,2 Covered all ES Short @ 988.75 --> + 1.5 [10:02] nice Tigga [10:02] that blows niha [10:03] Tell me about it :( [10:03] I'm pssst. [10:03] 0,3 Long ES @ 990.50 -> small size [10:04] 0,3 Long ES @ 991 [10:04] 0,4 Shorts ES @ 991.00 -> small size [10:05] 0,4 Shorts ES @ 990.75 -> medium size [10:06] Hmmm...some resistance in here. [10:06] 0,3 Buys ES @ 91 4,0 ŤŤ paper ťť [10:06] 0,2 Covered all ES Short @ 990.75 --> 0 [10:06] 0,4 Shorts ES @ 991 4,0 ŤŤ paper ťť [10:07] Not paper [10:09] 0,2 Exited 1/3 ES Long @ 992.00 --> + 1.5 [10:10] Stop moved to breakeven on remainder. [10:10] 0,6 exit stop set ES @ 990.50 [10:10] 0,4 Shorts ES @ 992 -> medium size [10:10] 0,2 Exited all Long ES @ 991.50 --> + 0.5 [10:13] 0,2 Covered all ES Short @ 991 --> + 1 [10:13] 0,6 exit stop raised ES @ 990.75 [10:13] 0,2 Trailing Stop Hit ES @ 990.75 --> + 0.25 [10:14] 0,4 Shorts ES @ 990.25 4,0 ŤŤ paper ťť [10:14] I raised that stop because I saw the AD line spilling a little. [10:15] sideways mode... [10:16] good bull and bear fight here [10:17] Tigga is the Matador [10:17] lol [10:17] better sit and watch here [10:17] bad range [10:18] let it develope [10:18] what is the snake doing? [10:18] sideways [10:18] 990.6 bozu midpoint [10:18] but 3min is shortt [10:18] I agree [10:18] daily is mega short [10:18] 991.50 is open print [10:18] Very much agree [10:19] 0,2 Exited all Long ES at 92 --> + 1 4,0 ŤŤ paper ťť [10:19] the news did nothing for us upward [10:19] so far [10:19] the open high still stands [10:19] Back to paper for the rest of the day. :) [10:21] 0,4 Shorts ES @ 990 -> medium size [10:21] 0,4 Shorts ES @ 89.75 4,0 ŤŤ paper ťť [10:22] if it breaks through here we should be good for a little ride [10:22] One hopes :) [10:22] its looking that way [10:22] test 988 maybe [10:22] Need Naz to break down just a bit more [10:23] yes [10:23] more sideways than anything [10:23] * FFT spreads decietful lies about how microchips cause cancer [10:23] that would work [10:23] let me add some contracts first [10:23] lol [10:24] 0,4 Shorts ES @ 990.75 -> Add [10:24] there [10:24] Hmmm, this *does* look like a nice place to add. [10:25] A lot of churning in here. [10:25] I gotta point out of that mess earlier, and I'm dang proud :D [10:25] :) [10:26] 0,3 covered all Short: 990.00 --> + 1 [10:26] 1 pointers this AM seem might fine, eh Splatt? [10:27] 0,2 Covered all ES Short @ 990.50 --> - 0.25 [10:27] looking like it might finaly push [10:28] TICk higher than I like :( [10:28] yes [10:29] Come on back to subzero, and I'll feel better :D [10:29] no breakdown there [10:29] There we go [10:29] dow is stuck -40 [10:31] We should be getting a trend here shortly. According to this new indicator that I have the vast experience of one morning with :D [10:32] what indicator is that, FFT? [10:32] wet finger in air? [10:32] Man, TradeStation just sent me another ring notice. When they do that when the market is closed, I jump :D [10:32] Not closed, quiet [10:32] DMI [10:32] 0,4 Shorts ES @ 989.75 -> medium size [10:33] try again [10:33] here we go [10:34] 0,2 Covered all ES Short @ 989.25 --> + 1.75 4,0 ŤŤ paper ťť [10:35] Pretty weak, I'm out as soon as I get a tiny signal [10:36] 0,2 Covered all Short ES at 89.5 --> + 0.25 4,0 ŤŤ paper ťť [10:38] Rats, AMT. Thought that would run. [10:39] I thought so [10:41] 0,2 Covered all ES Short @ 990.50 --> - 0.75 [10:41] watch the open price @991.50 [10:44] 0,3 Long ES @ 991 -> medium size [10:44] Man, August sure sucks this year :( [10:44] 0,3 Buys ES @ 91.25 4,0 ŤŤ paper ťť [10:46] 0,2 Exited all Long ES at 90.5 --> - 0.75 4,0 ŤŤ paper ťť [10:47] FFT...profit comparison...I'm doing better this month than last month... [10:47] Better = more net? [10:47] However...this month has been much more difficult to trade...a lot more stress. [10:47] Yes...more net. [10:48] 0,2 Exited all ES Long @ 990.25 --> - 0.75 [10:48] That was only via that one big day I had last week :) [10:48] Remove that day...its a sucky month for me. [10:48] * FFT is glad he picked August then, it just gets less stressful from here :D [10:51] 0,3 Long ES @ 990.25 -> medium size [10:56] 0,4 Shorts ES @ 90.25 -> Scalp [10:56] pt as well [10:57] 0,2 Covered all Short ES at 990 --> - 899.75 Scalp [10:57] 0,2 Covered all Short ES at 90 --> + 0.25 Scalp [10:59] Hmmm, TICK tanking [11:00] 0,2 Exited all ES Long @ 989.50 --> - 0.75 [11:00] 0,4 Shorts ES @ 989.50 -> medium size [11:01] * FFT thinks the markets are just waiting for him to fade AMT to burn him something fierce :D [11:05] eventually when you keep giving the RB the ball he busts through the line for a big one [11:07] :) [11:09] 988 test anyone? [11:09] Stop runner. [11:10] And fail. [11:10] 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. [11:10] you just run baby! [11:10] 0,4 Shorts ES @ 988 4,0 ŤŤ paper ťť [11:10] WD AMT. [11:10] don't stop til the goal line [11:10] Hmmm...big drop in the AD line...something is up. [11:11] Bullish engulfer on Compx a minute [11:11] 1 minute that is [11:11] Hey, I tried to go long and that did not work [11:13] 0,3 Long ES @ 988.00 -> small size [11:13] 3 contracts only [11:14] 0,6 exit stop set ES @ 987.00 [11:15] It's weak. [11:15] I'm not going to hang around too long because of that weakness. [11:15] 0,2 Exited 2/3 ES Long @ 998.50 --> + 10.5 [11:16] sorry...will correct in a second... [11:16] 0,2 Exited 2/3 ES Long @ 988.50 --> + 0.5 [11:16] I'm still holding 1 contract...at breakeven now. [11:17] 0,6 exit stop set ES @ 988.00 [11:19] 0,6 exit stop raised ES @ 988.50 [11:21] PUNKS [11:21] oh dear... [11:22] 0,2 Trailing Stop Hit ES @ 988.50 --> + 0.5 [11:22] I'll be pssst if it takes off to the upside now :( [11:23] its not [11:24] 91.5 open [11:24] 0,3 Buys ES @ 89.5 Scalp [11:24] 0,2 Exited all Long ES at 99.5 --> + 10 Scalp [11:24] 0,4 Shorts ES @ 89.5 4,0 ŤŤ paper ťť [11:25] 0,2 Covered all Short ES at 90.25 --> - 0.75 4,0 ŤŤ paper ťť [11:25] Hard to hold onto anything today with all the wiggles. [11:26] Bah, that was a long on my trade sim, as I wanted. Hit the wrong button :D [11:26] In the macro [11:26] * FFT is now known as FFT_Breaktime [11:34] * FFT_Breaktime is now known as FFT [11:35] 0,2 Covered all ES Short @ 990.75 --> - 0.5 4,0 ŤŤ paper ťť [11:36] screw this bs [11:38] long nq 1300.5 [11:38] Are you trading for real, Robby? [11:38] no [11:39] k, just wondering. [11:39] exit long nq 1300.5 +0 [11:39] no problem :) [11:39] I traded one contract for real today, and the rest of the day I'm planning on PTing. [11:41] did you make money on the real trade? [11:43] 1 point. Proud of that for the chop LD [11:43] :D [11:43] * Robby claps [11:48] Sheesh, both of my dead grandma's move faster than this market :) [11:49] * WannaBeATrader ZZZZZZzzzzzzz..... [11:50] Long ES @ 989.25 [11:50] I had thought prior to the Open we would get a strong push up +5 points or more...and then sell-off. [11:51] long nq 1299 [11:52] Geeesh...15min chart looks ugly...no clear path to anything. [11:52] I might be getting a nice little short here in a bit. . . maybe. [11:52] exit long nq 1299 +0 [11:52] Errr, maybe not. Further review says :P [11:58] I think tigga is satisfied with his points today on a day like today :) [11:59] 0,2 Covered remainder Short ES at 990 --> + 3 [12:00] Exit 1/2 Long @ 989.75 [12:00] +.5 [12:04] Stop BE @ 989.25 [12:04] 5 minute setup failed but 15 still intact [12:06] Out BE @ 89.25 [12:07] niha: you callin it ;) [12:09] * FFT is now known as FFT_away [12:11] 0,4 Shorts ES @ 989.00 -> small size [12:11] bbl, see you later [12:11] 1 contract only [12:12] Not one of my normal trade setups. [12:12] Long ES @989.5 [12:21] 0,6 exit stop set ES @ 991.00 [12:22] 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. [12:24] 0,4 Shorts NQ @ 1302 [12:27] 0,2 Trailing Stop Hit ES @ 991.00 --> - 2 [12:28] Exit 1/2 ES @ 990.50 [12:28] +1 [12:29] I put that stop just outside of a trendline...thinking if ES tested it...it will move higher :( [12:30] Terrible price action. May be time to sit out until Sept. [12:31] Will keep my size small until I find something worthwhile to put some decent size on. [12:31] 0,2 Covered 1/2 Short NQ at 1300.5 --> + 1.5 [12:35] 0,2 Covered all Short NQ at 1301.5 --> + 0.5 [12:36] 0,3 Buys NQ @ 1302 [12:37] 0,2 Exited all Long NQ at 1302.5 --> + 0.5 [12:37] ES stop @ 989.75 [12:38] Reminder...I'm on vacation Weds through Sunday. [12:38] I'll be here tomorrow...will only be paper trading. [12:39] I want to make sure I finish August as a good trading month and don't want to be thinking about any losing trading day going into a vacation :) [12:39] does that mean the room will be clossed? [12:39] Room will be Open... [12:39] cool thanks [12:39] You guys can cause havoc/chaos if you want :) [12:40] I'm going to make everybody MODERATORS so that you can have fun with each other :) [12:40] Joking. [12:42] lol [12:42] I will take over [12:53] Exit ES Long @ 991 +1.5. all out [13:00] 0,4 Shorts NQ @ 1307 [13:01] JavaGuest...you can change your name via typying the following... [13:01] meant... /nick ETguy [13:01] or whatever. [13:02] * JavaGuest1 is now known as Whamo [13:02] Nice trade by the way. [13:02] Thanks. Can you give me back my long??? :-) [13:03] I would rather steal it. [13:03] :) [13:04] That's okay, I stole your stop at 991 [13:04] :) [13:05] * FFT_away is now known as FFT [13:06] Howdy Dang [13:06] Howdy Dang [13:06] hey [13:07] 0,4 Shorts ES @ 92.25 4,0 ŤŤ paper ťť [13:08] 0,2 Covered 1/2 Short NQ at 1305.5 --> + 1.5 [13:10] short nq 1305.5 [13:10] 0,4 Shorts ES @ 992.25 4,0 ŤŤ paper ťť [13:14] 0,2 Covered all Short NQ at 1305 --> + 2 [13:16] exit short nq 1305 +0.5 [13:20] 0,3 Buys NQ @ 1305.5 [13:21] 0,2 Covered all Short ES at 92.5 --> - 0.25 4,0 ŤŤ paper ťť [13:22] long nq 1306 [13:25] exit long nq 1305 -1 [13:26] Naz just won't let ES fall like it wants to. [13:27] short nq 1304.5 [13:28] 0,6 exit stop set NQ @ 1304 [13:28] 0,2 Exited all Long NQ at 1304 --> - 1.5 [13:31] exit long nq 1304 +0.5 [13:34] 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. [13:38] hello all [13:39] 0,3 Buys NQ @ 1303 [13:39] anyone swing trading the qqq [13:39] Hi swing...how's it going. [13:39] I use to a few years ago. [13:39] oh really [13:39] what do u trade now [13:40] question, if the market is going down and u want to buy, what sector or stock do u buy for a counter market move [13:40] swing...your in the Futures room (#FuturesTrades)...I mainly trade the Eminis...once in awhile...I'll do a SPY or QQQ trade so that I don't forget they exist :) [13:41] right [13:41] swing...you only trade the QQQ? [13:41] * Looking up swingtrader25a user info... [13:41] well i am doing reasearch now on what system to trade [13:42] qqq swing trading [13:42] or [13:42] futures swing trading [13:42] what do u suggest [13:42] I can't suggest anything to you about that because I don't know anything about your trade methodology. [13:43] trying to develop it [13:43] what do u use for ur futures system [13:43] I'm a discretionary trader using setups via strict rules... [13:43] I usually follow those rules most of the time :) [13:43] right, what is a basic setup [13:44] I like divergence stuff. [13:44] right now i think what i want to do is only buy stocks [13:44] no shorting [13:44] I also like High probability candlestick patterns...not much of those as lately. [13:44] No Shorting... [13:45] Hmmmm...that's like fighting Mike Tyson with one arm behind your back. [13:45] :) [13:45] My point is this... [13:45] ok [13:45] If your using something that only goes one way...Long only... [13:46] you better be good at recognizing when the market is in a downtrend and then sitting on the sidelines... [13:46] play counter market [13:46] to efficiently use your method (system). [13:46] Hmmm, I had a long ES signal at 991 which was a continuation of my earlier one. missed it. [13:46] some stocks have to be bought [13:46] Only you can know that. [13:46] 0,2 Exited 1/2 Long NQ at 1304 --> + 1 [13:47] how about futures [13:47] ES [13:47] NQ [13:47] OK I'm back for the fun! [13:47] Is it hard to get a futures account [13:48] Nope...just a little more paper work or more time online filling out questions. [13:48] how much do u need [13:48] I have been fighting with Deutsche Bank for the last two hours :<> [13:49] i know to control an emini like 4k [13:49] Depends on the broker. [13:49] what TA do u suggest for futures system [13:49] I wouldn't advise swinging the Eminis with 4k unless your already using something with real money that works. [13:50] swing...I can't tell you what system...which broker or whatever to use... [13:50] ok what do u advise, i have 5k [13:50] 0,4 Shorts ES @ 991.75 -> medium size [13:50] You best bet is to tell us all about your trading style...what you like and dislike... [13:50] I can then make some BASIC suggestions. [13:50] 0,2 Exited all Long NQ at 1303 --> 0 [13:50] ok [13:51] well i like to hold for the bigger trend in the market [13:51] i don't like to sit at the computer looking at each tick [13:51] i want to look for the bigger trend [13:51] Yes...we all do :) [13:52] swingtrader...you don't think that is fun? [13:52] :) [13:52] oh it is [13:52] 0,4 Shorts ES @ 991.75 [13:52] but i will be working too [13:52] short nq 1303.5 [13:52] swing...because I'm a parent...I don't have the ability to sit in front of the computer and watch every tick... [13:52] even if I could...I wouldn't want to :) [13:53] coool [13:53] I'm just messing with you....days like this are boring [13:53] what TA do u use [13:54] Swing...I'll send you a link to my basic trade methodology...although I need to update it...just a minute... [13:54] ok sounds good thanks [13:55] That link (webpage) was specially setup for those that ask me questions like that :) [13:55]