Session Start: Thu Oct 30 07:25:37 2003 Session Ident: #FuturesTrades [07:25] * Now talking in #FuturesTrades [07:25] * Topic is '1,4 #FuturesTrades -> 8,2 Active realtime trade posting room for ES, NQ, SPY, QQQ, YM, DIA and Eurex http://www.thestrategylab.com/FuturesTradesChatRoom.htm' [07:25] * Set by X on Wed Oct 29 14:16:43 [07:25] [NihabaAshi] Password changes, trade post script changes and trader profiles are posted ONLY at free discussion board at http://www.thestrategylab.com/Forums.htm [07:25] WhatUp you DAX traders you [07:26] YO [07:26] :D [07:26] Any of you punks banking [07:26] Kalle probably did [07:26] I would have if I just held on to a couple of my trades! [07:26] Kalle is a good trader [07:26] ohhh thats odd [07:26] :D [07:27] Was up 3 pts [07:27] Got stopped out of another trade....so now up 0 pts [07:27] damn [07:27] 4 RT so down on commiss of course :D [07:28] yeah speaking of daown [07:28] our power was out all night [07:28] That sucks but then again, you live in Canada [07:28] :D [07:28] we were at hockey and pow [07:28] 1,4 #FuturesTrades Info -> 8,2 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. LURKING not allowed..strictly enforced. [07:29] %^%& I shorted DAX at 3632.5 now at 3623 [07:29] Got stopped out of that trade [07:29] but I wanna do what we talked about tonight [07:29] What did we talk about? [07:29] you set a stop @ .5 [07:29] When did we talk about that [07:29] going over my trade report [07:30] I will just go to my account report and copy it [07:30] A dude I am losing you [07:31] Oh OK....yea...sure [07:31] I'll get you on Yahoo messenger since this board is for posting [07:31] the .5 thing was in referrence to your trade [07:32] oh yeah tonight [07:32] or something [07:32] You were asking whether I set a stop at 0.5? [07:32] yeah [07:32] No, stop loss was 3 pts away [07:32] looks like it [07:32] not 3 points [07:32] Can you even see DAX? [07:33] This was on DAX [07:33] unless it went up and the trailer caught it [07:33] no I can't see it [07:33] THen how can you say it looks like a 0.5 pt stoploss? [07:33] :D [07:34] It was actually a 3.5 pt stoploss that got hit [07:34] well you posted Cax @ 3632.5 now @ 3623 [07:34] DAX [07:34] I got in at 3631.50 first....stop loss hit at 3635 [07:35] forget it [07:35] back to bed [07:35] :)) [07:35] I'm like $hit...this sucks....so I wait and get in again at 3632.50 but got out at 3632 with only 1/2 a point profit!!! [07:35] nice [07:36] Right after I got out it went down to 3620 [07:36] So I only left 12 pts this time [07:36] well at least you take the profit [07:36] Well, I'm FLAT on DAX right now [07:36] 0 profit 0 loss....unless you count commiss. [07:36] :D [07:36] that is why I lost so bad yesterday [07:37] I wasn't satisfied with a point or two [07:37] with the speed of a sloath [07:37] Well, same here [07:37] I was trying to go for larger profits and lost on ES [07:38] yesterday [07:38] I found out .....you can't wish things to happen.....hummmmm [07:39] Oh yea...and then I was long on DAX at 3614.50 this morning....got out at 3616....it went up to 3637 [07:39] 0,4 Shorts DAX @ 3624.5 -> small size [07:40] Nice entry Kalle....I was wanting to short there as well but wanted to wait....but on DAX I;m finding out you miss a lot if you wait [07:40] it's all gut instint [07:41] instinct [07:41] Well, my gut was telling me to short but I didnt....Kalle's a PRO so he did [07:41] especially my man Kalle [07:41] he's a Banker [07:41] And unlike me, he's still holding....Id be out at 22 for 3 pts [07:41] LOL [07:42] snhlol [07:42] 0,2 Covered 1/2 Short DAX at 3622.5 --> + 2 [07:42] Kalle, I'm thinking DAX might creep back up to the 30s again [07:42] if US opens up [07:43] well, maybe ... [07:43] he Talks [07:43] but i don´t think .. i trade ;) [07:43] ohhhhh [07:43] burnt [07:43] :D [07:43] haha [07:44] 0,2 Covered remainder Short DAX at 3623.5 --> + 1 [07:44] don´t like it atm [07:44] Ok Fast [07:44] Bank it buddy [07:44] triangle on DAX [07:44] what time frame [07:44] Don't think...just trade [07:45] :)) [07:45] lol [07:46] 3min, 1min [07:46] Kalle...can I borrow your trading SKILLZ ? :D [07:46] lol [07:46] OK back to bed [07:46] Apostle, you going back to bed? [07:46] good luck fellas [07:46] yup [07:47] ok, cya later [07:47] see ya Apostle [07:47] I would answer you guys but I am already sleping K :)) [07:48] :D [08:07] 0,4 Shorts ES @ 1047 [08:08] 0,6 exit stop set ES @ 1048 [08:11] Short DAX 3627.5 [08:11] Stop @ 3631 [08:14] Kalle, you still around? [08:16] Exit DAX 27 +0.5 [08:17] Bad exit....bad!! [08:17] I forgot I was watching T&S on ES...thought it was DAX and got out when I saw the sudden buying [08:21] 0,2 Covered all ES Short @ 1048 --> - 1 [08:24] * Kalle is now known as Kalle_|_away [08:25] 0,4 Shorts DAX @ 3635.5 [08:25] 0,6 exit stop set DAX @ 3638.8 [08:26] 0,2 Covered all DAX Short @ 3635 --> + 0.5 [08:27] 0,4 Shorts DAX @ 3640 [08:29] 0,2 Covered all DAX Short @ 3636 --> + 4 [08:30] Holy $hit [08:30] Kalle...you watching this! [08:30] 0,4 Shorts ES @ 1051.50 -> small size [08:31] This is amazing [08:31] GDP was better than expected: 7.2% instead of 5.8% [08:31] 0,6 exit stop set ES @ 1054.50 [08:31] good numbers [08:31] yep [08:31] OMG....you guys should've seen the DAX [08:32] Went up 15 pts in less than a few seconds [08:32] wow [08:32] And I was short!! Good thing I kept lowering my stop so got out with 4 pts [08:32] :o [08:32] yes! [08:32] good exit [08:33] Now up 20+ [08:33] damn! And I thought the ES moved [08:33] ES is nothing compared to this [08:38] hello everyone [08:38] Hi [08:40] 1,4 #FuturesTrades Info -> 8,2 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. LURKING not allowed..strictly enforced. [08:43] 0,2 stop hit ES @ 1054.50 --> - 3 [08:44] 0,4 Shorts ES @ 1045 [08:44] 0,4 Shorts ES @ 1054 [08:45] 0,4 Shorts ES @ 1054 -> medium size [08:45] for 10 ES...now at 80 [08:45] will see if we get some drop from a new S&P high [08:45] 0,2 Covered all ES Short @ 1053.5 --> + 0.5 [08:46] Hey..FAST..GM [08:46] Hey [08:46] Great #'s for our economy! [08:46] Yea...but not for your acct [08:46] Now hopefully we can get some job growth [08:46] That'd be nice [08:47] I am actually doing real good withall the gains I made over the last two weeks [08:47] Lets see if ES can hold...Europe is slowly coming down [08:47] :)) [08:47] [06:47] :D [08:47] and I can plant some SHORTS up at these levels [08:48] amt...if you thought the ES moved, you should look at Europe! [08:48] Insane moves [08:48] we could end up with some sort of double top play over the next day or two also [08:49] for the S&P [08:49] yes...I will stick to the ES [08:49] I was expecting ES to go down [08:49] Shorted it at 1047 this AM [08:49] stopped out at 1048 [08:50] ok guys...in the past govt expenditures has played a big part in GDP growth, but now its only .27 of the 7.2%....where are the #'s being fudged now? [08:50] Right now, overall....down 0.5 on ES.....up 5 on DAX and up 1 on ESTX [08:50] Geeesh...you guys came swinging out of the gate...before the opening bell :) [08:50] I've been messing around since early AM [08:50] LOL [08:50] Then again...some trading days...the real action is prior to 0930am est :) [08:51] Was up 3 DAX then down 0.5 DAX...now up 5 DAX [08:51] * rocciya` glad i came in late [08:51] LOL [08:51] Could've been up a lot more....left A LOT of cash on the table [08:53] 11 R/T trades so far and the day hasn't even started....IB must be proud :D [08:53] Statistically...strong pops like this do not sell-off more than ES 3 points from the peak...prior to 0915am est. [08:54] niha....have you backtested that or where did you get that info? [08:54] Simply, your Shorts need to be accurate and don't expect a big sell-off... [08:54] not until after 0915am est. [08:55] Europe [08:55] Europe's creeping back up [08:55] rocciya...a stats guy that follows weird stuff like that from #IndexFutures on the FinancialChat server (not Othernet server)...trades the pre-market heavily. [08:55] His numbers were based on 5 years of data. [08:55] ok...thx...good to know [08:55] I only researched it myself back a few months. [08:56] He's right...it doesn't sell off much... [08:56] :) [08:56] If it does...it starts usually after 0915am est. [08:56] Europes pretty strong right now.....not touching any of this for now [08:57] I guess US does lead....DAX just dropped 5 pts [08:57] I have been doing some research over the last month or so and I feel the overnight session is a gold mine!!! [08:57] Reason why Shorting this you need to be patient if looking for a lot of points past 0915am est or taking quick profits like +0.25 to +2.00 [08:57] Prior to 0930am est. [08:57] amt4swa...I agree. [08:57] AMT....tell us about it! I'd like to do some mining overnight :D [08:58] Some in here already know I've be trading the pre-market lately more than usual. [08:58] In the future I think I will play a lot with overnight action [08:58] Only when there's key Economic Reports schedule for release. [08:58] Niha...yesterdays shorts turned up some $$$...right? with the drop? [08:59] amt4swa...yes...I got profitable on those 20 contracts. [08:59] Also the Asian markets play [08:59] Finish the day profitable with commissions included. [08:59] I figured you came out good...that is GREAT! [09:00] Although I missed that big drop soon after :( [09:00] OH...damn! [09:00] It fell down to like 1044.00 or something like that. [09:00] I was thinking you caught that! [09:01] hit 1044 for about 15 min [09:02] the reason the GDP jumped was pretty much all from a 20% jump in exports [09:03] indexed off of export #'s that were way down and in decline previous [09:03] Time to get ready for work....will check back in half an hour [09:04] so the drop in exports for business has probably actually flatened out now...the downtrend has stopped [09:04] CYU! [09:05] Now we just need to start getting some solid job growth to help the economy...should be starting now [09:05] how about real profits and revenue growth? [09:06] that is also needed...you are right [09:06] imo economy is going no where [09:06] things will get worse before they get better...imo of course [09:06] :) [09:06] it is slowly creeping up...but all from productivity increases [09:07] from layoffs and streamlining operations [09:07] that is always the final action prior to the start of job increases [09:07] and share buybacks...where is the top line growth? [09:07] that is what i want to see [09:07] you are right [09:08] P/E's are WAAAAAAYYYYYYY out of line still IMO for the actual profits realities [09:08] agree...bubble days are here again and ma and pa will get hurt again [09:09] I hope not....we shall see [09:10] * amt4swa is off for tea [09:10] those crooks on the street did it before and got only a slap on the wrist... [09:10] they will do it again [09:12] yes that could very well happen again...when humans are involved there is always coruption....Govt/Business/Sports/Ma and Pa store/Schools and Univ. everywhere you go it is and alway will be there...sad but true [09:14] those are the people I love to defeat in life..."Forgive me God, for I love it so!" [09:14] General Patton said that about war... [09:16] G'morning everybody [09:16] GM [09:16] good morning [09:16] gm! [09:16] Holy moly, good thing we covered yesterday right after the first break, Nihaba :) [09:17] * traderant salutes amt! [09:17] I've got Help Wanted @ 10 EST, and FOMC minutes @ 2 today. [09:17] yep [09:18] Hello traderant! [09:18] did oyu join any facist organizations overnite? [09:19] HecK No! Dreamed of desroying some overnight...great dream [09:19] haha [09:19] j/k [09:19] destroying that is...with some terrorists too [09:20] My first night of sleep in 5 days...felt great [09:20] 4,15[S ES3Z to OPEN] 1@ 1053.5 [09:20] we are getting set-up at work to install winglets on all of are 737-700's [09:21] well we got the high at 55.75, who swz we take it out/ [09:21] Apparently I missed the US Treasury dude's testimony: [09:21] http://story.news.yahoo.com/news?tmpl=story&u=/ft/20031030/bs_ft/1066565493183 [09:21] "If Snow takes the markets by surprise and does point the finger at either China or Japan, the immediate market reaction may be the wrong one," said Adam Cole, strategist at Credit Agricole Indosuez. "The knee-jerk reaction would - as post-G7 - probably be to take the dollar lower across the board." [09:22] this administration seems to be using the dollar as a stick to influence Europe with their interest rates governing [09:23] this is the first time really in recent decades where the Euro central banks are not in line with the FED [09:24] for the lowering of interest rates over the last two years [09:24] actually Japan also [09:24] Dollar Lower Ahead of Snow Testimony: [09:24] http://story.news.yahoo.com/news?tmpl=story&u=/nm/20031030/bs_nm/markets_forex_dc_16 [09:24] FFT...thanx [09:24] 10:00 EST [09:25] Yer welcome, AMT. [09:26] the geopolitics of the U.S. and Europe have not been this sticky in a long time IMO [09:26] Instead of military war, we now have economic war :) [09:27] I actually like it...a new appretiation is ahead IMO for the U.S. [09:27] over the next 1 to 5 years [09:27] Perhaps more appreciation for the fact that socialism has economic costs. [09:27] appretiation? [09:28] I have not yet drunken me's tea [09:28] If you have a good Gap Strategy...be prepared... [09:28] appreciation is the correct answer [09:28] don't hesitate when you get a trade signal confirmation. [09:28] If you get a signal to Short...bombs away. [09:28] very true [09:28] Pivot down @ 1050, would not be surprised one bit to see a retest of that level. [09:29] this could just as well take-off too! [09:29] did congress vote last night that money spent on rebuilding iraq is not a loan [09:29] taxpayers to take on burden [09:29] 0,4 Shorts ES @ 1052.75 4,0 «« paper »» [09:29] was that right? [09:29] ? not sure [09:30] 3,15[B ES3Z to EXIT] 1@ 1052.5 3+1 [09:30] gm [09:30] 0,4 Shorts ES @ 1052.25 -> Add [09:30] now at 90 ES [09:31] All DOW 30 not open yet! [09:31] 0,4 Shorts ES @ 1051.50 -> large size [09:31] keep in mind [09:31] * FFT shorts @ 51.5 [09:31] 21 contracts only [09:31] Large size for me too - 2 contracts :) [09:32] 0,6 exit stop set ES @ 1053.50 [09:32] 0,4 Shorts ES @ 1051.75 -> Add [09:33] Stop set at 1/2 my profits I've accumlated this month. [09:33] for 10 ES...now at 100 ES [09:33] 0,4 Shorts YM @ 1051.75 [09:33] no tgt here, playing by ear [09:33] 0,6 exit stop raised ES @ 1054.00 [09:34] More accurate stop. [09:34] * szubaark_Away is now known as szubaark [09:34] same buy stop as niha [09:35] buy limit at 1049.50 [09:35] TICK not to strong here [09:35] TICK is at 664 [09:35] with most DOW reporting now [09:36] I would have thought we would be around 800 or higher...now it is building [09:36] 8,4 Trading Tip -> 8,2 Don't ignore breaking economic or world news...they act like pivot points or key s/r levels. [09:36] 0,4 Shorts ES @ 1051.25 4,0 «« paper »» [09:37] ok...now down to 1020 [09:37] 0,2 Covered 1/3 ES Short @ 1051.00 --> + 0.5 [09:37] JK :-) [09:37] Still holding 14 contracts [09:38] now the TICK is building up [09:39] 1,4 Lurkers -> 8,2 All lurkers are the only ones that receive these auto-generated advertising messages although the info at the links are helpful to any active trader. [09:40] Tickbuilding up is ES going down ??? [09:40] Tick build up does not hold yet [09:40] watch the open here at 52.25 [09:41] First 10-15 minutes aren't TICK's most accurate. [09:41] true [09:41] all reporting now for NYSE [09:41] ylds green trin 0.74 [09:42] no conviction yet [09:42] Snow testimony starts at 10am [09:42] yes [09:42] watch the dollar [09:43] should be a blizzard of information at the testimony [09:43] rejection of the open is good for shorty [09:44] 0,2 Covered 1/3 ES Short @ 1050.75 --> + 0.75 [09:44] gap open at highs are tough to hold most of the time [09:44] Still holding 7 contracts...true goal of the trade :) [09:44] * FFT covered @ 50.25 +1.25 [09:45] 0,2 Covered all ES Short @ 1049.50 --> + 1.75 4,0 «« paper »» [09:45] going for the gap [09:45] Snow Blizzard good one Amt....stick to trading.... 8-)) [09:45] this is one of those days every month or two when floor traders say the money is almost free [09:45] Will dump 4 contracts and keep 3 [09:45] lil support here [09:46] 0,2 Covered 1/3 ES Short @ 1049.50 --> + 2.25 [09:46] 0,2 Covered ES Short @ 1049.50 --> + 2 [09:46] Wow, my original target was 48.75 - never woulda got a fill. [09:46] for 10 ES...now at 90 [09:46] Still holding 3 contracts [09:46] 1048 was yest sell pivot [09:46] 0,6 exit stop moved to breakeven ES @ 1051.50 [09:46] I moved it up to just above the pivot after getting lots of range signals. Good thing :) [09:47] 0,3 Buys DAX @ 3668.5 [09:47] 0,4 Shorts ES @ 1050.25 -> Add [09:47] for 10 ES...now back at 100 ES [09:48] tgt 47.75 [09:48] we all shoppin at the "GAP" today :-) [09:48] just above the the value area [09:48] 0,2 Exited 1/2 Long DAX at 3671 --> + 2.5 [09:48] good one [09:48] thx [09:49] Pivot here @ 50 providing some support [09:49] :D [09:49] what is the address agian of those pivots [09:49] please & thanx [09:49] My pivots are different than Awash's, I think. [09:49] 0,2 Exited remainder Long DAX at 3669.5 --> + 1 [09:50] late morning [09:50] 3,15[B ES3Z to OPEN] 1@ 1050.25 [09:50] 8,4 Seminar/Workshop Info -> 8,2 Free seminar/workshop on Intraday Bearish Engulfing Candlestick patterns in #TheStrategyLab room is scheduled for Friday from 9:30am - 3:30pm est. [09:51] The Halloween Seminar? :D [09:51] :) Trick or Treat [09:51] how about smell my feet ;} [09:51] 4,15[S ES3Z to EXIT] 1@ 1049.25 4-1 [09:52] * traderant takes shoes off [09:52] next support [09:52] 1,4 #FuturesTrades Info -> 8,2 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. LURKING not allowed..strictly enforced. [09:53] 0,4 Shorts ES @ 1048.50 -> small size [09:53] * FFT shorts @ 48.5 for a quickie [09:53] * FFT covers @ 48 +.5 [09:53] 8,4 Profit-Targets -> 8,2 For Short position...initial contracts were to take quick profits while protecting the remainders...profit-target 1047.50". [09:53] like I said...."Free Money" [09:53] 0,2 Covered all ES Short @ 1047.75 --> + 5 4,0 «« paper »» [09:53] Still holding...I have momentum on my side. [09:54] Great Trades All!!!!!!!!!!!!!!!!!!!!!! [09:54] AMT, you gotta be loving this opening :) [09:54] 0,2 Covered 1/3 ES Short @ 1047.75 --> + 2.5 [09:54] 0,6 exit stop lowered ES @ 1049.50 [09:54] for 10 ES... [09:55] 0,2 exit all YM @ 1047.5 --> + 4.25 [09:55] ES [09:55] 0,4 Shorts ES @ 1047.75 -> Add [09:55] ES trying hard to find support at its 200eMA line via 3min all session chart. [09:55] i need to bag 5 point everyday before 10am, so i can have a real life :) [09:55] for 10 ES..back in [09:56] * FFT shorts @ 47.25 for another quick one [09:56] Gap closed [09:56] thanx you guys are bust I guess bbblllllaaaaahhhhhhhhhh [09:56] 0,2 Covered Remainder ES Short @ 1046.75 --> + 4.75 [09:57] 0,3 Long ES @ 1047.25 4,0 «« paper »» [09:57] GREAT TRADE!!!! [09:57] 0,6 exit stop set ES @ 1045.25 4,0 «« paper »» [09:57] 0,3 covered all Short: 1047.00 --> + 1.5 [09:57] 0,3 Buys DAX @ 3656 -> small size [09:57] 0,2 Covered 1/3 ES Short @ 1047.25 --> + 0.5 [09:57] for 10 ES... [09:57] no divergence signal [09:58] 0,2 Exited 1/2 Long DAX at 3658.5 --> + 2.5 [09:58] Support and oversold [09:58]