Session Start: Wed Oct 15 08:15:16 2003 Session Ident: #FuturesTrades [08:15] * Now talking in #FuturesTrades [08:15] * Topic is 'Active realtime trade posting ES, NQ, SPY, QQQ, YM, DIA (private and free)...for password access...contact NihabaAshi at intradaystrategies@yahoo.com' [08:15] * Set by X on Thu Oct 09 22:19:25 [08:15] [NihabaAshi] Password changes, trade post script changes and trader profiles are posted ONLY at free discussion board at http://www.thestrategylab.com/Forums.htm [08:15] * FFT_Away is now known as FFT [08:15] G'Morning, Nihaba [08:15] Good morning FFT and all. [08:20] * FFT is now known as FFT_Breakfast [08:30] 0,3 Long ES @ 1054.00 -> small size [08:31] 3 contracts only with stop at breakeven [08:32] 0,2 Exited all ES Long @ 1054.00 --> 0 [08:32] :( [08:32] * sam_away is now known as sam100 [08:33] I made a costly error on that entry...I put an order in for 1054.00 instead of for 1053.50 :( [08:33] 1053.25 is a key candlestick resistance area and I wanted 1 tick above... [08:33] 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. [08:33] Mistake was in thinking it was 1053.75 for the key resistance area. [08:34] Man...that was fast :) [08:36] good morning [08:40] 0,4 Shorts ES @ 1053.50 -> small size [08:41] 3 contracts only...with tight 1 point stop. [08:41] 0,6 exit stop set ES @ 1054.50 [08:42] I have a good risk play here...if I'm wrong...I have my normal trade signals to bail me out after the open. [08:45] 0,2 Trailing Stop Hit ES @ 1054.50 --> - 1 [08:45] :( [08:46] oh well; I thought it might go down also [08:46] I didn't expect much...1.5 to 2 points on that. [08:47] I normally don't trade anything within that wide range candlestick... [08:48] will just wait for my divergence setups...something I've been waiting for 2 trading days :( [08:48] maybe today's the day ;) [08:51] ES may drop after all... we'll see [08:52] It's setting up like a Spike & Ledge pattern...interesting. [08:53] since the 0830am est spike. [08:53] yup [08:53] retail sales came in about expected looks like [08:54] CNBC at first posted some red numbers...now I see their posting green numbers ??? [08:54] I have -0.2 for retail, +0.4 for retail ex-auto [08:55] Ok...thanks. [08:55] welcome [08:57] Note: VIX closed yesterday in a way that I won't be looking for Long signals between 0940am - 0950am est today. [09:03] good morning [09:03] Hi m [09:07] * FFT_Breakfast is now known as FFT [09:07] G'morning everybody [09:08] gm FFT [09:08] * Kalle_|_away is now known as Kalle [09:08] Howdy Kalle [09:11] This uptrend we've seen for the past 2 weeks has put a lot of pressure on Shorts holding swing positions. [09:16] nice sized overnight range [09:16] I usually don't do too well on this large GAP days [09:19] Everyone around? [09:20] I'm here [09:20] Yeah, I'm feeling kinda round, seeing as how I didn't get my morning exercise :( [09:20] That's OK FFT...you'll get a work out in the ES this morning :D [09:20] lol [09:20] All cardio! [09:21] lol true [09:24] wb Kalle :). Howdy lorn, carminet. [09:25] Wow, we've had an astonishing 60 point run up this month. [09:25] * FFT calls up IB to find out why his buy order for 20 ES didn't go through on 10/1 for 996 :) [09:26] heh [09:26] * Looking up Todd user info... [09:27] could someone send me intradaydata for 10-14 for NQ please? for tradestation [09:28] TradeStation was down ??? [09:28] my Internet was down ALL DAY [09:29] Historybank data for 10-14 for Eminis is incomplete :( [09:29] I thought TS collects 3 days worth of intraday history... [09:29] Ok...I understand. [09:30] mornin all, ib is down for me this morning :( [09:30] IB is fine here [09:30] Yeah, AOK here as well lornD. Maybe a reboot? [09:30] Kick it [09:30] lornD: IB's working for me [09:31] I'll give ya a VIX update when I get it, Nihaba. [09:31] yeah maybe a reboot... weird everything else works though [09:31] brb [09:31] 0,4 Shorts ES @ 1053.25 [09:31] 0,4 Shorts ES @ 1053.25 -> small size [09:31] lornD: could be a ping issue [09:32] No VIX yet :( [09:32] 5 contracts only [09:32] No divergence signal. [09:33] No trade for me until my breadth's wake up. Might take 15 minutes after this gap up. [09:33] vix 17.1 [09:33] 0,4 Shorts ES @ 1052.75 -> Add [09:33] 17.13 [09:33] 5 more contracts [09:34] 0,2 Covered all ES Short @ 1052 --> + 1.25 [09:34] 0,4 Shorts ES @ 1052.50 [09:35] 0,6 exit stop set ES @ 1060.50 [09:35] 0,2 Covered 1/2 ES Short @ 1052.25 --> + 0.5 [09:35] Rest at breakeven [09:36] 17.02 and dropping [09:36] hmmm m618...nice 8pt stop :) [09:36] 16.99 [09:37] 0,6 exit stop set ES @ 1053.00 [09:37] VIX in a slight downtrend [09:37] 8,4 >>>>> 8,2 Beige Book @ 2pm EST 8,4 <<<<< 1,0 [09:38] thanks Kalle [09:38] 0,4 Shorts ES @ 1052 4,0 ŤŤ paper ťť [09:38] 0,2 Covered ES Short @ 1051.00 --> + 2.25 [09:39] still holding 2 contracts. [09:39] 0,2 Covered 1/2 Short ES at 1050.75 --> + 2.25 [09:39] Good one Nihaba! [09:39] Nice! [09:40] * FFT shorts @ 51.75 [09:41] A little bounce here but I don't see any bullish signals to cause me to cover my 2 contracts. [09:42] If I get a bullish divergence signal...I will reverse my remaining 2 contracts into a Long position. [09:42] Bullish Divergence on stochastic? [09:43] 0,3 Long YM @ 1051 [09:43] ES [09:43] * FFT enters limit order to exit @ 50.25 [09:43] traderant: yes 8 pt stop, so that I'm not stopped out so often on my trades. [09:43] Man I get crappy fills fom IB [09:43] 0,2 Covered Remainder ES Short @ 1050.50 --> + 2.75 [09:44] good trade, Nihaba [09:44] 0,2 Covered remainder Short ES at 1050.5 --> + 2.5 [09:45] nice trading guys [09:45] thx [09:45] FFT, why are your fills poor on IB? Mine are within expectations (ie, limit orders not always filled, market orders I pay the current bid/ask) [09:45] 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. [09:46] Thanks sam100. [09:46] gm folks [09:46] I was down -3 ES points in the premarket... [09:46] Cuz, I am early at a limit order, and the bid shrinks and shrinks, but I get no fills [09:46] used a little Tape Reading on that Short entry. [09:46] Still no fill at .25 [09:46] Finally [09:47] * FFT covers at 50.25, +1.5 [09:47] 3,15[B ES3Z to OPEN] 1@ 1050.75 [09:47] If I got a fill, that almost always means it's going lowr [09:47] 0,2 Exited all ES Long @ 1049.50 --> - 1.5 [09:47] Tape started picking up downward momentum...reason why I added another 5 contracts. [09:47] No AMT this AM? [09:48] 0,2 Covered ES Short @ 1049.75 --> + 2.25 4,0 ŤŤ paper ťť [09:48] 0,4 Shorts ES @ 1049.75 4,0 ŤŤ paper ťť [09:48] Well...it's a tough day for him right out of the gate.... [09:48] 0,6 exit stop moved to breakeven ES @ 1052.50 [09:49] Ya don't wanna swing a short in a major bull market. [09:49] He's down -30 points per contract in like a 70 contract ES position... [09:49] not a good feeling :( [09:49] 0,3 Long NQ @ 1431.5 [09:49] 0,3 Long ES @ 1050 [09:50] VIX climbing steady. [09:50] 0,3 Buys NQ @ 1431 [09:51] Careful with those long [09:52] Naz AD line reaches sub zero [09:52] TICK -400 or so [09:52] 4,15[S ES3Z to EXIT] 1@ 1049.25 4-1.5 [09:52] 0,2 Exited all NQ Long @ 1429.5 --> - 2 [09:52] DOW might be hunting for 98090 [09:52] 9800 that is :) [09:52] Steep decling after pre-market high ... good chance we're going to get a 10-20 pt trend down today. [09:52] 0,4 Shorts ES @ 1050.25 4,0 ŤŤ paper ťť [09:53] no fill [09:53] 0,3 Buys NQ @ 1030 [09:53] 0,2 Covered all ES Short @ 1050.25 --> 0 4,0 ŤŤ paper ťť [09:53] climb [09:53] I think there is some more down movement [09:53] add = avg [09:53] * TMTrader_away is now known as TMTrader [09:53] 15,00,1514,1515,142,1414,28,2 buys YM @ 9798 14,22,1415,1414,150,1515,0 [09:53] 0,3 Long ES @ 1050 [09:53] Looks like we'll see plenty of movement today :) [09:54] 0,3 Buys NQ @ 1430 [09:54] 0,2 Exited Long NQ at 1431.5 --> + 1.5 [09:54] NQ is rising [09:54] Wow, look it all that money flowing by in T&S [09:54] target 1051.50 [09:55] 52 is resistance, isn't it? [09:55] 0,2 Exited all ES Long @ 1050 --> 0 [09:55] I meant 1050.50 +0.5 [09:55] 51, then 52, that is :) [09:55] 0,2 Exited 1/4 Long NQ at 1433 --> + 3 [09:55] 0,3 Long ES @ 1050.75 [09:56] could be [09:56] tick stuck under 0 [09:56] by I have some small divergence [09:56] es gap filled, nq not [09:56] hopefully price will push through 1051 [09:56] anyone have any ideas on that scenario? [09:56] I'm getting some signs of a change in trend, but TICK just ain't cooperating [09:57] yep agree... [09:57] huge size at 1051 [09:57] FFT...I agree...VIX is fairly flat also... [09:57] Eminis on their own :) [09:57] 0,2 Exited remainder Long NQ at 1433.5 --> + 3.5 [09:57] Just as you typed that, we got a slight pop in VIX. [09:58] Still in kind of an uptrend. [09:58] A weird one, LOL [09:58] I suspect a dow retest of 9800 is on order for this AM. [09:58] -1 on ES and -2 on NQ for me so far [09:59] Although it is kinda bottoming out now. [09:59] 0,2 Exited all ES Long @ 1050.75 --> + 0.75 [09:59] 0,3 Buys ES @ 1050.75 -> small size [09:59] TICK might be showing a change in trend. [09:59] VIX 50eMA line is hugging its 200eMA line too tightly... [09:59] major reason why I say its in a tight range. [10:00] that 1051 area is a monster [10:00] 0,4 Shorts NQ @ 1033.5 [10:00] 0,2 Covered all NQ Short @ 1032 --> + 1.5 [10:01] 0,4 Shorts ES @ 1049.75 4,0 ŤŤ paper ťť [10:01] Dow gonna retest [10:01] lod [10:02] 0,4 exited all Long: 1050.00 --> - 0.75 [10:02] locals are trying to get electronic traders to committ so they can squash us! [10:02] FFT, still thinking a change of trend? [10:03] Gap close on ES, [10:03] Nope Awash [10:03] Wow...this is getting ugly. [10:03] 0,2 exit all ES @ 1047.5 --> + 2.25 4,0 ŤŤ paper ťť [10:03] no longs [10:03] 0,2 Covered 1/2 ES Short @ 1047.5 --> + 2.25 4,0 ŤŤ paper ťť [10:03] We're making a swell dark hammer on the daily :) [10:04] 15,00,1514,1515,145,1414,50,5 sells YM @ 9778 -20 14,55,1415,1414,150,1515,0 [10:04] amt4swa should be very happy... [10:04] both nq and es on globex lows [10:04] 0,3 Long NQ @ 1047 [10:04] blew past my stop and went to market [10:04] we are now less than yesterday's close. [10:04] nq gap filled [10:05] 0,2 Exited all NQ Long @ 1047.25 --> + 0.25 [10:05] i suspect that the nq gap not being filled lead to this last drop [10:05] 0,3 Long ES @ 1047.50 -> small size [10:05] 1 contract only [10:06] * FFT shorts @47.5 [10:06] One contract only for me as well :) [10:06] I'm in profit protection mode. [10:06] 0,3 Long YM @ 9780 [10:06] i didn't post this, but: [10:07] 0,2 Exited all ES Long @ 1048.00 --> + 0.5 [10:07] short at 1050.25, exited at 1047.75 +2.5 [10:07] good trade [10:08] Note: My bullish signal for that trade entry was via a Bullish White Hammer on the 1min chart. [10:08] 0,4 Shorts ES @ 1048.00 -> small size [10:08] 0,2 Exited all YM Long @ 9777 --> - 3 [10:09] don't see the hammer, niha - what time? [10:09] * FFT adds @ 47.75 [10:09] tick just cant get over 0 [10:09] It completed at 10:05am est [10:09] 0,4 Shorts NQ @ 1426.5 [10:10] I'm now looking for any bullish divergence signals. [10:10] 0,2 Covered 1/2 Short NQ at 1424 --> + 2.5 [10:11] 0,2 Covered remainder Short NQ at 1423.5 --> + 3 [10:12] 0,3 Buys NQ @ 1423 [10:12] Les...I just changed servers... [10:12] No Bullish White Hammer :( [10:12] 0,3 covered all Short: 1047.25 --> + 0.75 [10:12] i thought i was hallucinating again :) [10:13] * traderant puts niha's trout back in holster [10:13] Instead...via another server...there was a Bullish Harami :( [10:13] Another server...has a Bullish Tweezer Bottom :( [10:14] I'm now closing QCharts and opening FutureSource :) [10:14] 0,3 Long ES @ 1047.25 [10:14] 0,2 Exited 1/2 Long NQ at 1425 --> + 2 [10:14] 0,2 Covered Remainder ES Short @ 1047.75 --> + 2 4,0 ŤŤ paper ťť [10:15] 0,2 Exited 1/4 Long NQ at 1425 --> + 2 [10:16] 0,6 exit stop set NQ @ 1423 [10:16] * FFT covers @ 46.5 [10:16] +2.25 [10:17] And as usual, when I finally get a fill, it tanks. [10:17] 0,3 Long ES @ 1045.75 [10:17] 0,2 Exited all ES Long @ 1046 --> - 1.25 [10:17] 0,2 stop hit NQ @ 1423 --> 0 [10:18] niha bd 1m [10:19] can't see any point in considering a long position yet [10:20] 3,15[B ES3Z to OPEN] 1@ 1046.25 [10:20] * zelareka2 is now known as zelareka [10:21] 0,4 Shorts ES @ 1045.75 -> small size [10:21] 4,15[S ES3Z to EXIT] 1@ 1045.25 4-1 [10:21] 0,3 Long ES @ 1045.25 [10:21] TICK -800 [10:21] Getting my ass handed to me today [10:22] :( [10:22] well FT, what was the signal for that long [10:22] Fast, ES is showing a lot of downside movement [10:22] a lot [10:22] both contracts [10:22] NQ & ES [10:22] 0,3 Long ES @ 1044.25 -> small size [10:23] SOTP method doesnt work long term [10:23] 3 contracts only...still in profit protection mode. [10:23] 0,3 Buys NQ @ 1419.5 -> small size [10:23] 0,3 covered all Short: 1044.25 --> + 1.5 [10:24] 0,2 Exited 1/2 Long NQ at 1421 --> + 1.5 [10:24] That was based of 100 tick only....should have waited for 1 & 3 min to confirm [10:24] 0,2 Exited 2/3 ES Long @ 1045.00 --> + 0.75 [10:24] 0,2 Exited 1/4 Long NQ at 1422.5 --> + 3 [10:24] Niha [10:25] that long looks tempting to me [10:25] Holding 1 contract at breakeven [10:25] 0,6 exit stop set ES @ 1044.25 [10:25] Niha, I noticed that when you are in profit for the day, you become risk averse, but when you are down for the day, you are risk seeking. Do you find that this sort of bias to be helpful in the long run? [10:25] 0,3 Long ES @ 1045.25 4,0 ŤŤ paper ťť [10:26] 0,6 exit stop set NQ @ 1420 [10:26] 0,6 exit stop lowered ES @ 1052 [10:27] I'm using an 8 pt trailing stop now ... I'm going to let this baby ride and see what happens. [10:27] VIX not allowing this to push higher. [10:27] Profit target for remainder is 1048.00 [10:28] Yeah, breadth indi's are in agreement, TIRN climbing, TICK sinking, VIX climbing, Naz AD line in a downtrend [10:28] 0,3 Long ES @ 1045 4,0 ŤŤ paper ťť [10:28] Kinda give you that "Short at will" feeling. :) [10:28] Unless you are Dave, that is. [10:29] TICK and TRIN, and AD looking for a bottom. [10:29] m618...that's my trading style... [10:29] Dow hit that 9800 level :) [10:29] patience....running out [10:29] My max for a small size is 9 contracts... [10:29] If I'm down on 3 contracts... [10:30] I got no problem in using a bigger size via a "BETTER" trade signal. [10:30] If I don't get a "BETTER" trade signal...I keep using the same size. [10:31] Simply...I try hard to use "position size management" to control my risk. [10:31] You missed a lot of fun, ME. [10:31] :) [10:31] I'm not too much interested in any risk:reward ratios although I know it's popular with most traders. [10:32] Niha, OK, thanks. [10:32] m618...you probably also notice I start increasing my position size as the month progresses... [10:32] I find the risk-reward ratios to be completely useless without factoring the probability of winning to losing trades. [10:32] TICK up to 212 [10:32] Nice drop in VIX to help the longs [10:33] I do this via using profits from the early part of the month to "cushion" being wrong on a large position the latter part of the month. [10:33] Niha, I had not noticed that yet. Position sizing is something I have not put into my trading plan yet, as I'm only trading one contract. [10:33] i hope we are going back to 1050 :-) [10:33] m618...one day when you start trading 3 contracts or more... [10:33] m618, one thing i am looking forward to when I start trading more than one, is scaling out. Jazz does an awesome job with that. [10:33] Good idea increasing size when you have profits ... lets you go for the jugular as Soros would say. [10:33] You'll start seeing a huge advantage... [10:34] 0,2 Exited all ES Long @ 1045.50 --> + 0.25 [10:34] However...its only an advantage if your methodology was good with 1 contract. [10:34] 15,00,1514,1515,142,1414,28,2 buys YM @ 9758 14,22,1415,1414,150,1515,0 [10:34] VIX recovered from that drop [10:34] m618...exactly. [10:35] My worst trading day was a day last October... [10:35] 0,2 Exited all ES Long @ 1045.50 --> + 0.5 4,0 ŤŤ paper ťť [10:35] I lost 180 ES points...but I was already up 225 ES points prior to that loss. [10:35] 0,2 stop hit NQ @ 1420 --> + 0.5 [10:36] PUNKS [10:36] 0,2 Trailing Stop Hit ES @ 1044.25 --> 0 [10:36] 0,3 Buys ES @ 1044.50 -> small size [10:36] 0,3 Long ES @ 44.75 [10:36] 3,15[B ES3Z to OPEN] 1@ 1045 [10:37] I have a support zone at 1044.25 to 1045. [10:37] If it busts through to the downside, next support zone at 1041-1042.50 [10:37] VIX testing resistance [10:38] 0,3 Long NQ @ 1419.5 [10:38] Howdy Jazz [10:38] good morning [10:38] I'm thinking about adding another short if it breaks 1044. [10:38] morning Jazz [10:38] gm jazz [10:38] 0,3 Buys ES @ 1045 [10:39] 0,2 Exited all NQ Long @ 1420.5 --> + 1 [10:39] I thought for sure that stop wouldn't get picked off :( [10:39] Nice dorp in VIX, go longs :) [10:39] drop even [10:39] YEA! [10:39] :D [10:39] Down 0.5 ES pt overall [10:40] Profit target has now been lowered to 1047.00 if I hadn't rudely been captured. [10:40] TICK giving us a weak uptrend [10:41] 0,2 Exited all ES Long @ 45.75 --> + 1 [10:41] Nice exit lenola. :) [10:41] 0,4 exited all Long: 1045.50 --> + 1 [10:41] 0,3 Long ES @ 1045.50 -> Add 4,0 ŤŤ paper ťť [10:41] 0,4 Shorts NQ @ 1421.5 [10:41] thx [10:41] 2 total [10:42] VIX now testing support @ 17.47 [10:42] A fine exit point, perhaps [10:43] Still there [10:44] is the vix trading yet? [10:44] Yeah, it gets reported to me starting @ 930 [10:44] Yes...its trading. [10:44] Unless the CBOE guy is hung over and late. [10:44] :) [10:45] Not breaking support yet [10:45] 0,4 Shorts ERU @ 1.1620 [10:45] fft i meant actually being able to trade it [10:45] 4,15[S ES3Z to EXIT] 1@ 1045.25 3+0.25 [10:45] Ooo, I don't think that is out yet. Not sure though. [10:46] 0,2 Covered all NQ Short @ 1421 --> + 0.5 [10:46] On the other hand it sure finds support and resistance well, so maybe somebody is trading it. [10:46] 4,15[S ES3Z to OPEN] 1@ 1044.75 [10:47] 0,2 exit all ERU @ 1.1619 --> + 0.0001 [10:47] yeah it's funny, trin is similar in that way [10:48] bull piercing pattern on 15 minute. [10:48] IMO, VIX is even more responsive to S&R. But I've only been watching it for a few months. [10:48] 3,15[B ES3Z to EXIT] 1@ 1045.5 4-0.75 [10:48] But it's really funny how TRIN will bounce off of round numbers. Sheesh. [10:48] bullish harami (not perfect)on 60 min. [10:49] VIX getting close to another retest of that 17.47 support. [10:49] Gonna break thru I think [10:49] Bingo :) [10:50] 0,4 Shorts ES @ 1046.00 -> small size [10:50] hmmm, broke thru for 3 hundreths only. [10:50] 15,00,1514,1515,145,1414,50,5 sells YM @ 9768 +10 14,55,1415,1414,150,1515,0 [10:51] Big spike up in VIX [10:51] 0,3 covered short ES @ 1046.50 --> - 0.5 [10:51] 0,3 reverse and enter long ES @ 1046.50 [10:53] Breadths showing our "normal" mix of confusion, with a bias to the upside, IMO. [10:53] 0,3 Long ES @ 1047 [10:54] 0,2 Exited 1/3 Long ES at 1047 --> + 2 [10:54] Tiem for work [10:54] See you in the PM [10:55] Cya FT [10:56] 8,4 >>>>> 8,2 Beige Book @ 2pm EST 8,4 <<<<< 1,0 [10:57] nq gap area [10:57] 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. [10:58] Juts got a weak long signal, but I'mm too scared :) [10:58] 0,2 Exited all ES Long @ 1046.5 --> + 0.75 [10:59] VIX new recent low [11:01] Man, everything says breakout, except the T&S [11:02] 0,4 exited all Long: 1047.00 --> + 0.5 [11:02] * FFT buys ES @ 47.25 - paper [11:02] 0,2 Exited 1/2 ES Long @ 1047.25 --> + 1.75 4,0 ŤŤ paper ťť [11:04] 0,4 Shorts ES @ 1047.25 -> small size [11:05] 0,4 Shorts ES @ 1047.25 [11:08] * FFT covers @ 47.5, +.25 [11:08] Took too dang long. [11:08] 0,6 buy limit to enter long ES @ 1044 [11:08] PT 1046 area [11:09]