Session Start: Mon Jan 03 09:34:50 2005 Session Ident: #FuturesTrades [09:34] * Now talking in #FuturesTrades [09:34] [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab [09:39] I'll be trading with normal size today via going back to my normal trading plan after a week of unsuccessful testing of holiday trading strategies :( [09:45] Out of curiosity, what were you trying to do. I know you mentioned you were scaling into your positions and trading the ER2, but I'd love to hear more. Knowing what might not work is as important as knowing what often does. [09:48] I tried some breakout strategies (I prefer to call it chasing a possible continuation pattern), scaling in and some Times & Sales analysis. [09:50] I find Time & Sales very hard to use, FWIW. [09:51] I'm going to move my comments to #EminiFutures. [09:52] 0,4 Shorts YM @ 10861.00 -> small size [09:53] 0,6 exit stop moved to breakeven YM @ 10861.00 [09:54] 0,2 Covered all ES Short @ 1218 --> + 0.75 [09:54] 0,4 Shorts ES @ 1218.25 4,0 ŤŤ paper ťť [09:59] Volatility still feels like holiday trading...hopefully it improves by late today or tomorrow. [10:00] 0,2 Covered all ES Short @ 1218.0 --> + 0.25 4,0 ŤŤ paper ťť [10:00] Construction Spending and ISM Mfg due out any moment. [10:00] i dont think the big boys are back from vacation [10:00] 10am est Key Econ Reports. [10:00] :( [10:00] 0,2 Trailing Stop Hit YM @ 10861.00 --> 0 [10:01] agree progers, this market is moving like retail is pushing it around [10:03] 0,4 Shorts ER2 @ 653.6 4,0 ŤŤ paper ťť [10:03] sorry - bit late [10:03] 0,2 Covered 1/3 Short ER2 at 653.1 --> + 0.5 4,0 ŤŤ paper ťť [10:03] 0,2 Covered 1/3 Short ER2 at 652.6 --> + 1 4,0 ŤŤ paper ťť [10:06] 0,6 exit stop set ER2 @ 652.1 4,0 ŤŤ paper ťť [10:08] 0,6 exit stop lowered ER2 @ 651.5 4,0 ŤŤ paper ťť [10:08] es gap is closed [10:09] 0,2 Covered remainder Short ER2 at 650.9 --> + 2.7 4,0 ŤŤ paper ťť [10:10] wrong [10:10] 0,2 Covered remainder Short ER2 at 650.7 --> + 2.9 4,0 ŤŤ paper ťť [10:10] nice trade les... wtg [10:10] thx [10:10] watta ride [10:10] yeah baby [10:11] i would kill to get a live one like that [10:11] but then so would most folk [10:11] :) [10:11] just switch from sim mode :) [10:11] DOH! [10:11] no way [10:11] Geeesh...talk about bad timing...had to help spouse clean the snow off the car :( [10:11] that was an intuition trade [10:12] looks ike i got out right on the nail [10:12] guess its the festive mood [10:13] 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. [10:14] Be right back :( [10:14] * NihabaAshi is now known as NihabaAshi_away [10:17] 0,4 Shorts ES @ 1213.5 4,0 ŤŤ paper ťť [10:17] also: [10:18] short er2 649.9...paper [10:18] * NihabaAshi_away is now known as NihabaAshi [10:18] :( [10:18] I've missed too much as it is...my trading day could be over before it gets started. [10:19] exit 1/3 er2 649.4 +0.5 [10:19] exit rem er2, 649.9 [10:19] 0.0 [10:23] 0,6 exit stop set ES @ 1217.5 4,0 ŤŤ paper ťť [10:27] 0,4 Shorts YM @ 10804.00 -> large size [10:27] a full 10pt drop in the es since the globex high [10:28] same for er2 [10:29] and worth a bunch more in money i guess [10:30] more value to come out i think [10:30] Geeesh :( [10:32] es on fri low area [10:32] should be interesting :) [10:35] 0,2 Covered 1/3 Short ES at 1212.75 --> + 0.75 4,0 ŤŤ paper ťť [10:35] nope [10:35] I need ES to make new intraday lows... [10:35] 0,2 Covered 1/3 Short ES at 1212 --> + 1.5 4,0 ŤŤ paper ťť [10:35] thats better [10:35] YM not responding enough to the drop in ER2 nor NQ. [10:37] 0,2 Covered 1/2 YM Short @ 10793.00 --> + 11 [10:38] easybeat, I think we have different values for the ES previous day's close. I have 1211.50 [10:38] looks like - i got 1210.75 [10:38] 0,6 exit stop moved to breakeven YM @ 10804.00 [10:39] but its gone past both anyhow :) [10:39] lol [10:40] 0,2 Trailing Stop Hit YM @ 10804.00 --> 0 [10:41] :( [10:41] BMF, there was a weird spike right at the close (almost to the second), and the cme lists the settlement value at that 1213.75 even tho the official "last value" was 1211.50, it was an odd one [10:42] I usually don't trade a "continuation pattern" via a large size... [10:42] But there another part of the CME website that lists the last @ 1211.50. Two different prices from CME. [10:43] However, today's drop with momentum eventhough I wish there was more volatility...was good enough for the risk. [10:43] yes, the cme lists the last price as 1211.50 but the settlement value at 1213.75, go figure, i remember watching right at the close and saw this odd spike and thought wtf... :) [10:47] 0,6 exit stop moved to breakeven ES @ 1213.5 4,0 ŤŤ paper ťť [10:47] I just wonder what to do w/ my charts in a case like this. [10:47] Use the last or use the settlement? [10:48] Probably flip a coin or average the two, lol. [10:48] it's an odd one, the spike shows on all my tick charts, don't like it when the official last price and the settlement value are more than 1 tick apart, in this case they were 2.25 pts apart, throws off computations of various values :\ [10:49] Right, b/c when you said the gap closed, I was thinking "Not yet... is my data wrong?" [10:50] gm [10:51] gm [10:51] I think TS just called it a bad tick, b/c it's not even on my intraday ES chart. [10:52] 0,3 Long ES @ 1211 4,0 ŤŤ paper ťť [10:54] BMF, doesn't show on my time charts, shows on my tick charts, isn't that special :\ [10:54] almost a 12pt drop from the globex high, guess retail ran it up overnight and the big boyz showed up at the 10a reports and said whoa, not so fast, wait a minute :) [10:56] Who's your data provder? BTW, do you think the overnight is mostly retail traders? [10:56] esig, yes [10:56] Do you ever tade the O/N? [10:57] sometimes up to an hour before the open, but not before that [11:04] 0,6 exit stop lowered ES @ 1212 4,0 ŤŤ paper ťť [11:04] hmmm, just reread what i wrote and it could be confusing, meant sometimes between 8:30a-9:30a EST, but not before that :) [11:04] Now YM catches up :( [11:05] bigtime [11:05] 0,6 exit stop lowered ES @ 1211.5 4,0 ŤŤ paper ťť [11:06] I knew what you meant ;). [11:06] :) [11:07] Anbody getting any FTSE 100 Futures quotes ??? [11:07] Nope. TS doesn't have them. [11:07] My are dead in the water. Maybe its a holiday still for them. [11:07] Right, I believ it is. [11:25] 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. [11:34] YM just filled a dark WRB Hidden GAP on the 3min chart. [11:34] ES and NQ. [11:35] 0,3 Long YM @ 10799.00 -> small size [11:35] Intuition trade. [11:36] 0,2 Exited all ES Long @ 1211 --> 0 4,0 ŤŤ paper ťť [11:36] glad I got back to 0 trade. [11:41] 0,6 exit stop set YM @ 10789.00 [11:41] * NihabaAshi is now known as NihabaAshi_away [11:41] :( [11:44] 0,2 stop hit ES @ 1211.5 --> + 2 4,0 ŤŤ paper ťť [11:54] * NihabaAshi_away is now known as NihabaAshi [11:54] This is my last trade of the day...too many distractions here at home. [11:55] 0,6 exit stop moved to breakeven YM @ 10799.00 [11:56] 0,2 Exited all YM Long @ 10801.00 --> + 2 [12:19] * les is now known as lesAway [12:34] 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. [12:35] 0,3 Long ES @ 1209 4,0 ŤŤ paper ťť [13:30] . [13:30] 0,3 Long YM @ 10749 4,0 ŤŤ paper ťť [13:39] 0,2 Exited 1/2 YM Long @ 10755 --> + 6 4,0 ŤŤ paper ťť [13:45] 0,2 Exited Remainder YM Long @ 10749 --> 0 4,0 ŤŤ paper ťť [13:46] 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. [14:15] futures quotes stopped with IB [14:46] Yeppers :( [14:47] working now tho [14:49] * lesAway is now known as les [14:58] 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. [15:00] 0,4 Shorts ES @ 1205.25 4,0 ŤŤ paper ťť [15:11] les, since you take profits so quickly i'm surprised you would let that trade run 1.5pts against [15:12] diferent kinda trade [15:12] ahhh... good luck :) [15:12] sim [15:12] i can do anything i like in sim :)) [15:12] hehe [15:13] also i'm +$900 for the day (sim) [15:13] so who cares [15:17] 0,2 Covered 1/3 Short ES at 1204.5 --> + 0.75 4,0 ŤŤ paper ťť [15:18] u happy now, eb? [15:18] hehe [15:20] my guess is it reaches about 1202 [15:20] round about [15:36] good call les, mr. market is jes teasin' ya now [15:36] hehe, yep [15:38] helluva way for the market to start out the year, trend day down, WR 18.5pt day (so far) [15:39] bout time we had some volatility [15:40] yes.. isnt it beautiful [15:42] 0,2 Covered 1/3 Short ES at 1203.75 --> + 1.5 4,0 ŤŤ paper ťť [15:44] still holding 1 contract in hope of another push down [15:45] easybeat... see PM [15:51] 0,2 Covered remainder Short ES at 1203.5 --> + 1.75 4,0 ŤŤ paper ťť [16:01] again, nice call les, it was just waiting for you to get out so it could run down to 1202 [16:04] but of course [16:04] :) [16:04] actually i think that 1202-ish was a good target to have [16:05] difficult to hang in when it hesistates such a lot down there [16:05] why did you select it? the only thing i can really see in the general vicinity is the daily 20ma [16:05] nope - was based on 3min chart anaysis [16:05] ahhh [16:06] that first fall from the high was 10+ points, as you pointed out earlier [16:06] then it paused a long while [16:07] nudged down to 105 ish [16:07] 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. [16:07] 1205ish [16:07] at that time it retested back to 1212 [16:08] so i figured that if it broke down from this area... [16:08] we'd see another 10pt fall from 1212 [16:08] interesting [16:08] based on the was mkts pause at wedes, pennants and flags [16:09] to me they're pauses, whatever the formation looks like [16:09] what surprises me is that the 3rd push (from swing high to swing low) was about 6 pts, same as the 2nd push, that's unusual as normally the 3rd is considerably weaker [16:10] u mean like elliot stuff? [16:10] thought 3rd wave was strongest [16:12] oh, ic what u mean [16:12] no, not elliot (which i don't follow), but if i miss the 1st push i like to position myself to make sure i get a piece of the 2nd, and i'm much more wary of the 3rd [16:12] yep [16:12] i look at things very differently if ic a trend day develop [16:13] i think that pauses, fib analysis etc are better tools [16:13] quite possibly so [16:13] pity i'm a bit crap at spotting trend days early on :) [16:14] wow thats a huge bounce [16:15] well done les, i hear u all say... [16:15] called the bottom near as dammit [16:15] hehe [16:15] :D [16:15] actually i use a mixture of tarot and a my trusty crystal ball [16:15] ::les patting himself on the back for calling that bottom:: [16:16] u bet [16:16] i also say take yer accolades wherever you can get 'em :) [16:16] also=always [16:17] ok, go time for me [16:17] cu all tomorrow [16:17] cya les, nice job today [16:17] thx [17:19] 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. [17:27] no trades today. cya tomorrow. [18:31] 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. [19:43] 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. [20:55] 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. [20:59] anyone around [22:07] 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. [23:19] 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. Session Close: Tue Jan 04 00:00:00 2005