Session Start: Fri Sep 19 06:38:26 2003 Session Ident: #FuturesTrades [06:38] * Now talking in #FuturesTrades [06:38] [NihabaAshi] Password changes, trade post script changes and trader profiles are posted ONLY at free discussion board at http://www.thestrategylab.com/Forums.htm [06:48] 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. [08:00] 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. [08:07] Good morning. Can it possibly be Friday already? [08:07] :) [08:07] Good morning lindq. [08:08] Linq...when you completely update your trader profile at the ezboard discussion forum (you still need to post an image of your normal chart setup)... [08:08] Yep. I need to configure all that and have it on my list for the weekend. [08:09] I'll allow you access to the trade posting script and access to the password for all following months so you can keep using the #FuturesTrades room beyond this month. [08:09] Thx. [08:10] I still do not see, anywhere, what led you to that short yesterday at the open. [08:11] Bearish Engulfing candlestick via the 15min all session chart. [08:11] Right at the open, or prior to? [08:11] Prior. [08:12] Okay, that's why I don't see it. I feel better now. [08:12] Thus, upon that candlestick completion...it would be 0930am est :) [08:12] You don't use all session (globex overnight) charts is probably why you don't see it. [08:12] I did catch the long just after that, but bailed too early. Going to start watching TRIN more before bailing. [08:13] TRIN is same as ARMS, correct? [08:13] I'm not sure. [08:14] Learning new things I haven't needed in swing trading. Good brain exercise:) [08:18] * Kalle is now known as Kalle_|_away [08:21] ARMS-TRIN Same thing. Developed by Richard ARMS. FYI [08:22] For some reason my Investor RT calls it ARMS. [08:46] I'm starting to "feel' amt's pain... [08:46] Yet... [08:47] He did unload 10 contracts near the close. [08:47] That means he has 10 contracts to use for new trade signals...sort'uv speak. [08:48] This is where having 2 brokers can help. [08:49] He could leave this 35 contract position alone with the current broker as long as he continues believing the market will go down and make him profitable. [08:49] And trade as usual via those 10 contracts at the other broker to prevent getting confused about the "overall" position. [08:51] I missed 2 profitable divergence signals (Long and Short) between 7am - 8am est via the 5min all session chart... [08:52] Too busy doing website work :( [09:03] * Kalle_|_away is now known as Kalle [09:12] 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. [09:15] gm everyone [09:16] 0,4 Shorts ES @ 1038.00 -> small size [09:16] 3 contracts only [09:16] Good morning. [09:17] Via a Bearish Divergence on the 5min all session chart. [09:18] Hi sempai and Whamo. [09:19] 0,4 Shorts ES @ 1037.25 4,0 ŤŤ paper ťť [09:19] Trade was from yesterday. [09:19] Ok...thanks. [09:20] 0,6 exit stop set ES @ 1040.00 [09:21] What is your entry Nihaba? [09:21] 0,6 exit stop set ES @ 1040.25 4,0 ŤŤ paper ťť [09:21] 1038.00 [09:21] 3 contracts (Short position) [09:22] Thanks. Anyone else in a position? [09:22] You, I and amt. [09:22] All shorts :) [09:25] Yea, hope amt's shorts work out. Lots of money to be carrying... [09:26] If it doesn't...he'll probably make it all back within a week via his trading style. [09:27] That's true. Seems like he has been making 2 to 5k per day. [09:27] How we react to a loss will often determine how successful we will be as traders. [09:27] Too bad his style isn't for the faint of heart:-) [09:27] FWIW...Diagonal(?) tops line at 1046.50 cash today... Should be BIG resistance/short play [09:28] hi all [09:28] I hope it doesn't test the 1046.50 starting right out of the gate :) [09:28] Later would be ok. [09:28] Hi mjw. [09:28] GM all! [09:29] Hello amt. [09:29] Did you get any sleep last night amt? [09:30] Slept for about 7 hours after the great Twins game :) [09:30] Niha... I was hoping it would ovenight.. had a limit sell at 1044 that was not hit... will play it bigger than normal today if given the chance [09:31] I need a little more push down to be able to lower my stop to breakeven. [09:31] 0,4 Shorts ES @ 1037.50 -> large size [09:31] HoseB, what timeframe are you looking at? [09:31] 0,6 exit stop lowered ES @ 1038.00 [09:31] Ok...now I'm set...lets see what happens :) [09:32] 0,4 Shorts ES @ 1038.25 [09:33] Niha...what are you holding? [09:33] 0,2 Covered 1/2 Short ES at 1037 --> + 1.25 [09:33] 0,2 Covered 1/3 ES Short @ 1037.00 --> + 1 [09:34] [09:21] 1038.00 [09:34] [09:21] 3 contracts (Short position) [09:34] I got 1038 short :) [09:34] Whamo...that's incorrect time... [09:35] 0,2 Covered 1/4 Short ES at 1036.5 --> + 1.75 [09:35] That's the time you ASKED me after you log in...not the time my trade was posted :) [09:35] That's true, oops... [09:35] [09:16] Shorts ES @ 1038.00 -> small size [09:35] [09:16] 3 contracts only [09:35] some traders were buying @ 1039 premarket on the ES this morning [09:35] [09:17] Via a Bearish Divergence on the 5min all session chart. [09:35] Didn't want amt to think you were fibbing:-) [09:36] 0,3 Buys ES @ 1037.00 -> small size [09:36] :) [09:36] I now I'm with good honest people here :) [09:36] unlike some other rooms [09:36] I've now switched from the 5min all session chart to the 3min all session chart to manage my exit strategy. [09:37] 0,3 Long YM @ 9634 [09:37] I won't lower my breakeven stop on the remainder until the ES drops below its 200eMA line support via the 3min all session chart... [09:38] I'm just using the "Daily" chart today :-) [09:38] 0,6 exit stop raised ES @ 1037.50 [09:38] 0,2 Covered remainder Short ES at 1036.25 --> + 2 [09:38] Good one Kalle [09:38] 0,6 exit stop lowered ES @ 1037.50 [09:38] 0,3 Buys ES @ 1036.25 [09:39] thx amt [09:39] kidding of course...using the 5 min as usual [09:39] long here is risky imo [09:40] remember is it "Quad Witching" day today [09:41] Which should mean what to trading ES? [09:42] could get a little wild today [09:42] Strong push off that 1036.00 price level. [09:42] Sure was. Trin when crazy. [09:42] 0,2 Trailing Stop Hit ES @ 1037.50 --> + 0.5 [09:43] 0,2 Exited all YM Long @ 9644 --> + 10 [09:43] OE day has been tame for quite a long time (most of this week's "work" was done on Tue and Thur)... [09:43] 0,2 Covered all ES Short @ 1037.50 --> - 4.25 [09:44] However... I've noted over the years that the Monday after Sep OE has the potential to be especially [09:44] big on the downside.. [09:44] only sold the 10 ES I bought off the open 0 pts [09:45] With the charts the way they are, that concept is worthy of consideration this time too [09:45] 0,4 Shorts ES @ 1037.25 -> medium size [09:45] 0,6 open limit order to enter short ES @ 1044.00 [09:45] 0,4 exited long ES @ 1037.00 --> 0 [09:45] 0,4 reverse and enter short ES @ 1037.00 [09:45] * Looking up mattie user info... [09:46] 1035.25 to 1035.50 has some support in here [09:47] after that then we have a drop until the next level [09:47] 0,2 Exited 1/2 Long ES at 1037.25 --> + 1 [09:47] 0,2 Exited remainder Long ES at 1037.75 --> + 1.5 [09:48] amt...you still holding those 35 Short contracts @ avg of 1029.50 ??? [09:48] I lost connection, targets have been filled [09:49] holding 45 ES [09:49] Average price??? [09:49] 0,2 Covered 1/2 ES Short @ 1035.25 --> + 2 4,0 ŤŤ paper ťť [09:49] 35 overnight and 10 I added @ 1037.25 [09:50] 0,6 exit stop moved to breakeven ES @ 1037 4,0 ŤŤ paper ťť [09:50] Around 1032 area [09:50] Ok...thanks. [09:50] Nice patience Whamo :) [09:50] I will be dumping small amounts as I hit certain price levels [09:50] Helps on paper:-) [09:51] My remainder got easily picked off in that strong bounce off the 1036.00 support area :( [09:51] Go Whamo! [09:52] Allow me Nihaba...PUNKS!!:) [09:52] 1035.25 break coming up? [09:52] support right here [09:53] not very strong IMO [09:53] If the DOW sloides here we get to go white water rafting [09:53] Thanks Whamo...I didn't want to post what I actually said over here and I didn't use the word PUNKS :) [09:53] DOW slides that is [09:54] I'm sure, my word starts w/ an F and ends w/ ERS. [09:55] Niha...my first dump point is at the 1031.25 to 1031.75 area for 5 ES [09:56] 1032.75...next support IMO [09:56] amt...That's a good area to start unloading some of that "stress" :) [09:57] 0,3 covered all Short: 1034.00 --> + 3 [09:57] I will be unloading contracts as I hit price levels 1.5 to 2.0 pts below original "add" price levels [09:58] Good job mattie! [09:58] 0,3 Buys NQ @ 1393.5 [09:58] Great Mattie! [09:58] splatt's name came up mattie? [09:58] 0,2 Exited 1/2 Long NQ at 1395 --> + 1.5 [09:59] Nice one splatt...probably your "alternative" name in mIRC is still there. [09:59] Change it to splatt as the same as your primary name... [09:59] 0,2 Exited remainder Long NQ at 1396 --> + 2.5 [09:59] this could be my new trader self coming through [09:59] next time there's any disconnections...you'll always be splatt :) [10:00] Mattie the Magician! [10:00] Sounds Good IMO :-) [10:01] 0,2 Covered all ES Short @ 1034.75 --> + 2.5 [10:01] for 10 ES [10:02] 0,4 Shorts YM @ 9622 [10:02] 0,4 Shorts ES @ 1034.75 -> small size [10:02] 0,2 Covered all YM Short @ 9628 --> - 6 [10:03] 0,4 Shorts ES @ 1035 -> large size [10:04] 0,4 Shorts YM @ 9621 [10:04] 1032.75...lets test it baby [10:07] 0,3 Long ES @ 1034.00 -> small size [10:07] 1 contract only [10:07] Bullish divergence [10:07] Buys ES @ 1034.25 [10:07] Lindy Ossilator [10:08] 0,2 Covered all YM Short @ 9626 --> - 5 [10:09] 0,6 exit stop set ES @ 1034.00 [10:09] 0,2 Covered all ES Short @ 1035 --> 0 [10:10] 0,2 Exited all ES Long @ 1035.00 --> + 1 [10:10] 0,3 covered short ES @ 1035.00 --> - 0.25 [10:10] 0,3 reverse and enter long ES @ 1035.00 [10:10] I'm not hanging around too long with any long positions... [10:10] 0,4 Shorts ES @ 1035.25 -> large size [10:10] still too much downside pressure. [10:11] Two tinger poper is working its a$$ off today with the trade entry/exits [10:12] Exits ES @ 1035.25 [10:12] Two finger poper that is [10:12] Nice lindq...you got trigger happy fingers like me :) [10:12] You sure that's not "pooper"? [10:13] Well, I can feel AMT willing it down. Too much weight! [10:13] No...pooper and keyboards do not mix [10:13] :) [10:13] Feel like an F-ing scalper this week. [10:13] Good answer Lindq :-) [10:14] 0,4 exited all Long: 1035.00 --> 0 [10:15] Huuummmmm Huuummmm I'm using the "force" to make everyone go short [10:16] Better try the "schwartz"! [10:18] What is that? [10:18] Mel Brooks spoof on the "force" [10:18] Good one...Now I remember...how old are you :) [10:19] You don't remember, "May the schwartz be with you?" [10:19] Me?, I go back to Mozart's time! [10:19] I remember...just had to dig in my cob web section [10:20] Gee, was it REALLY that long ago? [10:20] Not to long actually :-) [10:22] Looks like "fargin bastiges" [Johnny Dangerously] gonna rally 'em again.. [10:22] 0,2 Trailing Stop Hit ES @ 1037 --> + 0.25 4,0 ŤŤ paper ťť [10:23] Market behaving like day-trader mo-mo market of '99... constant flood of aggressive buyers, regardless of anything [10:24] 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. [10:24] 0,4 Shorts ES @ 1036.75 [10:27] 0,2 Covered 1/2 Short ES at 1035.5 --> + 1.25 [10:27] NIce Kalle. How'd you see that. [10:28] long nq 1399 [10:28] who made tigga mad, so that he doesnt show up here anymore? [10:29] He has his own room now...thats all :) [10:29] summary: 3 trades, 1 win, 2 losses. total: -1 pt... [10:30] trying to filter my trades more using bid/offer imbalances, but it doesn't seem to be helping. [10:30] i've tried tick, trin, etc. in the past, but i don't have much luck with any of them. [10:30] Wanna...he has his own room and website now for trading. [10:30] ok [10:31] looking for 1032.75 test if this downtrend continues [10:31] 0,2 Covered remainder Short ES at 1034 --> + 2.75 [10:31] exit long 1396.5 -2.5 [10:31] well, gotta hit the road again. see you all later. [10:32] Have a great weekend. [10:32] you too. bye. [10:33] failure to make new HOD on that last uptrend is good sign IMO for shorty's if we can break throught the LOD at 1033.25 IMO [10:33] through the LOD in here [10:34] 0,4 Shorts ES @ 1034 -> small size [10:34] 0,2 Covered Short ES at 1034 --> 0 [10:34] 0,3 Buys ES @ 1034 [10:35] !rdeftopic [10:35] * X changes topic to 'Active realtime trade posting ES, NQ, SPY, QQQ, YM, DIA (private and free)...for password access...contact NihabaAshi at intradaystrategies@yahoo.com' [10:35] 0,2 Exited Long ES at 1034.5 --> + 0.5 [10:36] 0,2 Exited remainder Long ES at 1034.25 --> + 0.25 [10:36] 0,4 Shorts ES @ 1034.25 [10:37] 0,4 Shorts ES @ 1034 [10:37] Knock Knock @ 1032.25 [10:37] 0,2 Covered 1/2 Short ES at 1033.5 --> + 0.75 [10:38] 0,2 Covered remainder Short ES at 1033.75 --> + 0.5 [10:38] 1033.25 that is [10:39] 1032.75 prints [10:39] see if the support at 1032.75 breaks in here [10:40] Sweet [10:41] Buys ES @ 1033 [10:42] 1031.75 area is my first dump point if we can hit it (5 ES) [10:42] long nq 1395 [10:42] exit long nq 1393 -2 [10:43] What is next support area any opinions [10:44] Exits ES @ -->1032 [10:44] 0,3 Buys ES @ 1032.25 -> small size [10:45] 1032...OK I see it...Thanx [10:45] 0,2 Covered all Short ES at 1032.25 --> + 1.75 [10:45] i hate that [10:46] amt: 1030.25, 1028.5 and 1025 [10:46] IMO [10:46] Wow...amt4swa... [10:46] Houdini again :) [10:46] Sold 5 ES just now at 1031.75 [10:46] amt did you bail [10:47] carminet...he just typed [10:46] Sold 5 ES just now at 1031.75 [10:47] just dumping portions as we hit certain price levels [10:47] so you came out okay then huh? [10:47] we will probably go even lowere maybe 1030 [10:48] I now hold 40 ES (30 from yesterday and 10 from today @ 1035.25) [10:49] now I know why you make the big bucks [10:49] amt4swa...is it possible for now on...when hold overnighters... [10:49] carminet...so far so good! Remember I told you what could happen today :) [10:49] 1030 = some booku bucks for you then c'mon 1030 [10:50] 0,2 Covered all ES Short @ 1032.25 --> + 3 [10:50] to just post the trade again showing your AVERAGE entry price via the trade posting script??? [10:50] amt ! great trade [10:50] AMT - if I followed your trading style, I'd blow my very significant profits on antacids :D [10:50] 0,4 Shorts ES @ 1032.50 -> large size [10:51] Buy STEAK with your profits! [10:51] The flesh of bulls :D [10:51] Ok...looks like I just figured out what your doing... [10:51] Your posting todays exits manually to represent trades connected to yesterdays entry... [10:52] Your posting new open positions for today via the trade posting script. [10:52] Right ??? [10:52] 10 ES short @ 1032.50 again [10:52] 1030.25 is my next target for dumpin [10:52] that will be 4 ES [10:52] you got it! [10:52] you have a bail point amt..target [10:53] 0,2 Exited Long ES at 1031.75 --> - 0.5 [10:53] Ok...thanks amt... [10:53] thanksx [10:53] I think most in here didn't understand what trades was what. [10:53] I'm posting the 10 ES that I keep playing with (reserve flanking troops) [10:53] :) [10:55] Hey amt, that 1030.25 bail point is your number, not mine, right? [10:55] *AMT4SWA Scary trade update* still holding 30 from yesterday while playing with another 10 ES on the trade posting script [10:55] I want zero resposibility for all those contracts you're holding!:) [10:55] 0,3 Buys ES @ 1031.75 [10:56] Whamo's calls for the money! [10:56] ES has a pivot ip there at 33 [10:56] Buys ES @ 1032.50 [10:56] up there, even [10:56] :( [10:56] FFT...Got it thanx! [10:56] Just over 33 [10:56] 0,2 Exited 1/2 Long ES at 1032.5 --> + 0.75 [10:57] 0,2 Exited 1/4 Long ES at 1033 --> + 1.25 [10:57] Very curious. NQ, the weaker of the two, is holding above it's pivot, while the stronger ES is below. [10:59] Apparently the rest of the market is as confused as I :D [11:00] Exits ES @ 1032.50 -->0 [11:00] NQ below it's pivot at about 91.75 [11:01] Like AMT said...whitewater rafting. Without helmets. [11:01] Not a good trading day for me so far... [11:01] 3 missed key trades...2 trades...2 winners and 0 losers. [11:02] Total points for the 3 missed trades 11.75 per contract :( [11:02] ouch! [11:02] I'm biased to the long side down here, just need a sig. [11:02] Coulda Woulda Shoulda [11:02] Why did you miss Nihaba? [11:02] It's been awhile since I've had 3 missed trades. [11:03] Not sure...I didn't see the trade signals until after the fact... [11:03] one of them I rarely miss...a bearish engulfing signal. [11:03] at 1024am est. [11:04] via the 3min all session chart. [11:04] Buys ES @ 1033.25 [11:04] I think that's the worst, minutes later you look at your charts and see the perfect setup that you didn't see earlier... [11:04] 1027am est is what I meant. [11:05] No, the worse is misinterpreting your signals and entering a trade when you shouldn't for a loser. [11:05] I *hate* that. [11:05] 0,2 Exited remainder Long ES at 1033.5 --> + 1.75 [11:06] FFT...true...I would rather have missed trade signals instead of trades with no trade signal :) [11:06] Even worst FFT is chasing the signal you missed just to get whipsawed out... [11:06] Whamo...that's something I worked hard on in my discipline a few years ago... [11:06] NOT to chase. [11:07] I have a "chase range" and I don't dare exceed my designated range for chasing a price. [11:07] HOw big is that range? [11:07] Depends on the trade...its not a fix range. [11:08] For example...on a downtrend day and I'm going Long...I won't chase the price more than 0.50 [11:08] If I was shorting today...I won't chase the price more than 0.50 to 0.75 depending upon the trade setup. [11:09] ES and NQ both resting above their pivots. [11:09] Sometimes I'll take a chance and "intentionally" delay my entry after a trade signal... [11:09] in hopes of getting a better entry price. [11:10] Most of the time when I do that...I end up missing the trade. [11:10] Those situations...I do not count as missed trades. [11:10] long nq 1393 [11:10] A missed trade is when I had a plan and I didn't execute that plan. [11:12] Exits ES @ 1033.25 -->0 [11:12] NO waves. Just rapids. [11:12] breakout comen [11:14] Well *that* was pretty weak. Sheesh. [11:16] Come on, pop up so I can short again :D [11:17] amt. the volume indicators that we talked about still show down for ES,SP, DJ. [11:17] On 20 min charts. [11:17] Sounds REAL good :-) [11:18] what level is it at? [11:18] Problem is I'm not completely sold on them for the short term. [11:18] exit long nq 1393 +0 [11:18] short term is weak signal...you are right [11:19] 8.22 for ES, 18.96 for SP. This is the modified one (volatility). [11:19] good for seeing the over all pressure for daily [11:19] Correct. The 120 min did good projecting yesterdays up move. [11:19] +8.22 and vector down? [11:20] Yes [11:20] That is why I need to set it up....SOON :) [11:21] Elliot waves today....#5 here maybe? [11:21] Well, we will have to see. If we head up from here the indicator would be wrong:) [11:22] Don't know much about Mr. Elliot:) [11:22] Heard he's capable of multiple interpretations... [11:22] If it breaks below zero with a good 45 degree slope or more...then things could go lower [11:23] amt4swa...do you realize you were down at one point or another about 14K [11:23] ??? [11:23] Here's my question... [11:23] During that entire stretch...did you ONCE look at your Profit/Loss column... [11:24] ??? [11:24] I truly believe traders shouldn't be watching their profit/loss column while trading and I was curious if you were watching them??? [11:24] I'm just curious. [11:25] I always pretty much know were I'm at even though I almost never have the P&L window open :-) [11:25] :) [11:25] P&L window open is like a crack addiction IMO :-) [11:25] Better to trade points than dollars, eh? [11:26] Agree. [11:26] My wife talks dollars. I hate it. [11:26] 30 year bond breaking down again. It seems to be moving w/ the SP today. [11:26] "just gotta have one more look...thats all man" [11:26] Whamo...good point [11:27] NQ and ES holding to their pivots like a boozer to his last bottle. [11:27] But lately you never know if it will move w/ or counter to the SP. [11:27] 3 to 2 on down candle to up candle volume today [11:28] four highest 5 min volume bars today on down candles [11:30] Good volume so far today. [11:30] for the ES that is....yes good volume [11:30] Tempting to try a spread scalp over this range, LOL. [11:30] I loves those :-) [11:31] that is how I learned the two finger poper [11:31] Reminder: Next week until the end of the month is Open House Week here in the #FuturesTrades trade posting room... [11:31] In other words...anybody can log in without a password. [11:31] When will drinks be served? [11:31] Damn. Does that mean we have to shower and dress? [11:31]