Session Start: Tue Jan 11 09:27:02 2005 Session Ident: #FuturesTrades [09:27] * Now talking in #FuturesTrades [09:27] [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab [09:30] 0,4 Shorts ES @ 1187.75 [09:31] 0,3 Long ES @ 88 -> small size [09:31] 0,4 Shorts ES @ 1187.00 -> small size [09:31] hiya guys [09:31] High risk trade for me. [09:31] 1 contract only [09:33] 0,2 Covered ES Short @ 1188.00 --> - 1 [09:35] 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. [09:35] 0,4 Shorts ES @ 1187.75 4,0 ŤŤ paper ťť [09:35] Welcome to New News Trend Tuesday? [09:35] No News that is [09:36] :( [09:36] I don't like NO NEWS days. [09:37] 0,4 Shorts ES @ 1186.75 -> large size [09:38] 0,2 Covered all ES Short @ 1186.75 --> + 1 4,0 ŤŤ paper ťť [09:39] 0,4 Shorts ES @ 1187.5 4,0 ŤŤ paper ťť [09:41] hm [09:41] Didn't we do something like this (except up) yesterday? Open and consolidate for a bit? [09:41] Then head in the same idirection [09:42] WHich would be done today. [09:42] down even lol [09:42] I got no ADD signal around the 1188.00 price area :( [09:44] 0,3 Long ES @ 86.25 -> Add [09:44] awful freakin jumpy [09:44] 0,4 Shorts ES @ 1186 4,0 ŤŤ paper ťť [09:44] 0,2 Covered 2/3 ES Short @ 1186 --> + 1.75 [09:45] 0,6 exit stop moved to breakeven ES @ 1186.75 [09:45] Yeah WBAT, feels like everybody is waiting on a leader to follow [09:46] 0,2 Covered Remainder ES Short @ 1185 --> + 2.75 [09:46] 0,2 Covered 1/3 ES Short @ 1185 --> + 2.5 4,0 ŤŤ paper ťť [09:46] i would be glad to lead if everyone would follow [09:47] good job wbat [09:47] 0,2 Covered 2/3 ES Short @ 1185.25 --> + 1.5 [09:47] ty EB [09:47] 0,3 Long ES @ 85 -> Add [09:47] nice Shorts guys. [09:48] I'm officially positive for the month in ES :) [09:48] Although I've only traded it for two days this month (today and yesterday). [09:49] 0,6 exit stop lowered ES @ 1186.50 [09:50] nq strongest today [09:54] 0,2 Covered Remainder ES Short @ 1186.25 --> + 0.5 [09:56] 0,4 Shorts NQ @ 1565 [09:58] 0,2 Covered Remainder ES Short @ 1186 --> + 1.5 4,0 ŤŤ paper ťť [10:02] 0,2 Covered 1/3 Short ES at 1184 --> + 2 4,0 ŤŤ paper ťť [10:02] 0,4 Shorts ES @ 1184.00 -> large size [10:02] 0,6 exit stop set ES @ 1187.5 4,0 ŤŤ paper ťť [10:02] 0,2 Covered all NQ Short @ 1561.5 --> + 3.5 [10:03] fresh air below [10:03] 0,2 Covered all ES Short @ 1183.50 --> + 0.5 [10:03] 0,4 Shorts YM @ 10654 [10:03] A lot of volume here...just wanted something quick. [10:03] TLT late post? LOL [10:04] 0,6 exit stop moved to breakeven YM @ 10564 [10:04] 0,3 Long NQ @ 1562 [10:04] 0,3 Long ES @ 83.5 -> Add [10:04] 0,6 exit stop lowered ES @ 1187 4,0 ŤŤ paper ťť [10:06] 0,2 Exited all NQ Long @ 1563 --> + 1 [10:06] 0,2 Trailing Stop Hit YM @ 10564 --> + 90 [10:07] * Looking up MR_MATRIX7 user info... [10:07] 0,3 Long ES @ 1184.0 4,0 ŤŤ paper ťť [10:08] * Looking up MR_MATRIX7 user info... [10:11] 0,4 Shorts NQ @ 1566 [10:12] 0,2 Exited 1/4 ES Long @ 84.5 --> + 1 [10:12] test [10:13] 0,2 Covered all NQ Short @ 1565.5 --> + 0.5 [10:15] Just noticed I typed wrong price for my YM short entry, it was 10565 [10:16] 0,4 Shorts NQ @ 1563 [10:19] its bounce r break time on es [10:19] again [10:19] 0,2 Covered all NQ Short @ 1563.5 --> - 0.5 [10:22] 0,3 Long ES @ 85.75 [10:22] 0,4 Shorts NQ @ 1566.5 [10:23] 0,4 Shorts YM @ 10582 [10:23] 0,3 Long YM @ 10581 [10:23] 0,2 Exited 1/2 ES Long @ 86.5 --> - 1.5 [10:24] 0,2 Covered remainder Short ES at 1186.75 --> - 0.75 4,0 ŤŤ paper ťť [10:24] 0,2 Covered all NQ Short @ 1567 --> - 0.5 [10:25] 0,2 Exited all ES Long @ 1185.75 --> + 1.75 4,0 ŤŤ paper ťť [10:25] good morning all [10:25] 0,2 Covered all YM Short @ 10579 --> + 3 [10:26] just gut, didn't like it [10:26] thats +1.5 from my 85 and 86.25 es 88 still holding [10:29] 0,2 Trailing Stop Hit YM @ 10564 --> - 17 [10:30] That's not right it was BE [10:30] sorry [10:30] 0,2 Exited ES Long @ 86.25 --> + 0.5 [10:32] reverse head and shoulder es 5 min [10:36] Hello All. [10:36] 0,3 Long ES @ 84.25 -> Add [10:38] SO how'd you hear about #FuturesTrades, MR_MATRIX? [10:38] CNBC....NIHAS SMILIN...:) [10:40] j/k search engine for emini chat room.. [10:40] 0,2 Exited 2/3 ES Long @ 85.75 --> + 1.5 [10:47] 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. [10:56] 0,2 Exited 1/3 ES Long @ 86 --> - 2 [10:57] whats up with this thing...thats +1.75 from my 84.25 add [10:58] why'd u exit there MM? [10:58] I think 90 can be hit today an views? [10:59] i think it can go either way, hence i wondered why u came out?? [11:00] top of consolidation snap back possible I entered 4 different places this morning which is dangergerous but it wont severerly drp so im just scaling out and in to get back to 88 90 range [11:00] 0,3 Long YM @ 10577 [11:01] yes, i saw that [11:01] what chart interval u using? [11:02] 15 and 5 with times and sales and a few indis [11:04] HI ALL can one of u help me install the trade post script trying since an hour only channels show up on right click on window and cant find setup menu thxs [11:05] why did everyone short this morning? great job and all but it was a rare thing that it moved so well with no real fear...?? [11:06] 0,3 Long ES @ 86.25 [11:07] to me - 15,5 and 3min es all show a large pennant formation [11:07] theoretically could break either way... [11:07] but usually in direction of the trend [11:07] pennant like a flap? [11:07] yes [11:07] flag...lol [11:07] 0,3 Long ER2 @ 613.80 [11:08] trend direction has been strong downward initially [11:08] the one thing I saw a hour or so age is a reversal head and shoulder 5 and 10 min es [11:08] i didnt agree with u about that h&s [11:08] how about now? [11:08] not clear enough, which is usually the case in fut mkts [11:09] no [11:09] looking at the close line [11:09] shoulders dont seem right to me [11:09] my theary is if its clear and looks like one direction will happen its the kiss of death...:) [11:10] i thought the reverse h&s was very clear, market made a low of 84.25 early on, later made a low of 83.00, then made a higher low of 83.75 (and 84.00) [11:10] they should be equal on o close line chart [11:11] ES 15m looks bear flagish, but kind of rounding at bottom and 3m looks like weak reversal pattern that would want to retest downside [11:12] i avoid using h&s formations in futures markets - never found i could trade em reliably [11:12] les, i don't worry about matching a picture in a t/a chart book, it's more the psychology behind it that forms the low, the lower low, then the higher low, that i'm concerned with [11:13] agree [11:13] bingo [11:14] 0,4 Shorts YM @ 10584.00 -> large size [11:14] 0,4 Shorts ES @ 1186.25 [11:15] Testing an old strategy [11:15] ancient chinese secret...... [11:15] lol [11:15] market still indecisive, didn't take out the previous swing of 87.50, yet still making higher lows [11:16] nother way to see this is an ascending triangle [11:16] 0,6 exit stop set YM @ 10594.00 [11:16] we have been near the b/out point for a while now [11:16] YM at previous day low Resistance, but hugging it. [11:16] any side bets will see 88-90 again? any takers? :) [11:16] lol [11:17] MM - it'll take me at least 1 hour to flip my mental coin on that one [11:18] 0,2 Exited all YM Long @ 10578 --> + 1 [11:19] 0,2 Covered all YM Short @ 10578.00 --> + 6 [11:19] 0,4 Shorts YM @ 10579 [11:19] les... why dont you give ur magic 8 ball a good shake [11:19] 0,2 Covered 1/2 ES Short @ 1185.75 --> + 0.5 [11:19] i lost it [11:19] oh no! [11:20] yeah [11:20] you better call it quits [11:20] but i still got the other 2 [11:20] hehe [11:20] les, you daredevil you :) [11:20] aint i just [11:22] 0,2 Exited all ER2 Long @ 612.80 --> - 1 [11:23] ym and er2 have just made lower lows [11:23] 0,4 Shorts ER2 @ 613.00 [11:23] es daily has formed a perfect bearflag running right along the 50ma with the 20ma coming in from above, if that breaks it's a long drop (50 pts) to the 200ma [11:24] seems to be typical of the uncertainty over the past hour [11:24] yes, eb, its very interesting, and is why i thought a fall more likely [11:24] when everyone thinks or bets one way bet the other.....:) [11:25] i still think that, but may only happen in pm or tomorrow [11:25] we have a contrarian amongst us [11:26] oh no! A contrarian! What are we gonna do? [11:26] hehe [11:26] lol [11:26] kind of...I know that floor traders love good looking chart patterns becuase johnny retail comes in and they hurt him [11:26] argue with him pj [11:27] i'd rather argue with you les [11:27] i jes follow the charts, up, down, sideways, whatever, don't care if the crowd sees UP or the crowd sees DOWN, i'ma slave to me charts :) [11:27] i know pj, and u've not failed me yet [11:27] hehe [11:27] eb, i'm a slave to pj [11:27] lol [11:28] but we try not to talk about it [11:28] as decent people shouldn't :) [11:28] yep [11:28] we just dont want people to think we're strange [11:29] in't that right, pj? [11:29] sure.. what ever you say les [11:29] hehe [11:29] [its his turn to be slave today] [11:30] a little late for that les [11:30] look, i havta let him have a turn now and again [11:30] only fair [11:31] he pines otherwise [11:31] i meant the strange remark [11:31] really? [11:31] good point wbat [11:31] u surprise me [11:31] y'know... [11:31] i'm nearly normal [11:32] not many know that [11:32] hmm...?? [11:32] market tightens up, still making higher lows, but also making lower highs, gonna pop soon [11:32] well its trying again now [11:33] probably need to see it close above 87 [11:33] then might pop [11:35] les, i don't concern myself with where it "closes" so much (as far as intraday trading), because a close on the 1min is different than a close on the 3min (...5min, 10min, 15min, etc etc) i just want to see actual price values, for instance now can it take out 87.25 and then 87.50 [11:36] eb - i meant in respect of viewing it as an ascending triangle break, or break of significant resistance [11:36] gotcha [11:36] seems to be knocking on 87 door a lot [11:37] MrM may well get his 88.00 - 90.00 [11:37] we getting pushes up beyond 87, but then it rapidly falls back each time [11:38] but each time it falls back it makes higher lows [11:38] yes [11:38] suggests a b/out [11:38] not that I beleive in all that fib stuff but yesterday high to todays low buts 88-90 at the 38-50 % retracement levels [11:38] yepper [11:38] something is going to happen here on YM. the bid/ask fly everytime we get to 10587 [11:38] but if it fails, its whammo to the botttom [11:40] in fact it close once on the 1min @ 87.25, so we'll see [11:40] c'mon "whammo" [11:40] maybe i should go back to being strange [11:41] as wbat would say, go back?? [11:41] also keep in mide the average true range of the maket is well exceeded with a 12 point move in less then 5 hours of tradeing there is nothing in the news to warrent more move [11:42] on YM 5m, a nice top tail has formed but the 20sma is really holding this up [11:42] The two day Volume Weighted Average Price( VWAP) is now... [11:42] 1190 [11:42] http://www.carlin.karoo.net/es.png [11:42] trying to b/out again [11:43] We haven't touched that yet today [11:43] too many failures and then it may challenge the trendline [11:43] where can I get that vwap [11:44] what's your charting program Mr M [11:44] this trinagle bearish signal is way to pretty to work...:) [11:44] qcharts [11:44] Don't know if qcharts has it.... [11:44] Available in QuoteTracker [11:45] k thanks [11:45] we seeing a clear triangle now [11:45] you mean bullish triangle, and yes it is pretty, don't play them myself but they do often pay off [11:45] biggie [11:45] at least a head fake to 88.25 before it works [11:46] eb - they only useful to predict profit targets, IMO [11:46] too many of the big guys will use them to run stops [11:46] interesting les, so if this pops what target do you project [11:47] lessee [11:47] its a 4 pointer on the 3min chart [11:47] tx [11:47] so 1191 target [11:48] but i rewally would not trade the b/out [11:48] too many rotweilers waiting out there to run the stops [11:49] key will be what kinda volume comes in around 88.00 - 88.25 (assuming it pops) [11:49] I read that like 89% of breakouts arent real and will hit the price where they started [11:49] I also trade that way too:) [11:50] the only reliable formations i still trust in fut markets are the pauses during a trend... [11:50] wedges, pennants, flags [11:50] it could head south [11:50] rest of the time i concentrate on being strange [11:50] ascending triangles in a downtrend are probably 50/50 [11:50] hehe [11:51] well let me call my buddy greenspan and get the answer...hold on :) [11:51] trendline break?? [11:51] i told alan not to take personal calls today [11:52] 0,4 Shorts ES @ 1186 -> Add [11:52] this isnt real [11:52] if he was my buddy, i sure wouldnt admit it [11:52] the price drop [11:52] i meant [11:54] well its buggered up my nice clean trendline [11:54] nothing like an ascending triangle in a downtrend... heading into lunch... to be clear as mud :) [11:54] hehe [11:54] what kinda mud eb? [11:54] lol [11:54] mississippi? [11:55] kind u and i wrestle in pj [11:55] geez [11:55] one track mind [11:55] guess thats what happens when there is only one brain cell [11:56] u promised not to mention that [11:56] 0,3 Long ES @ 85.75 -> small size [11:56] ha [11:56] 0,2 Covered all ER2 Short @ 613.00 --> 0 [11:59] 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. [12:00] easy problem is every Dick and Harry sees that triangle also so expect lots of fakeouts. [12:00] 0,2 Covered all YM Short @ 10579 --> 0 [12:03] with that trendline break, we may just see chop for a while, thro lunchtime [12:03] i'll have mine grilled thx [12:03] * markethacker is now known as markethacker_lunch [12:04] so at the risk of missing more excitement... [12:04] its breaktime for me [12:04] * les is now known as lesAway [12:05] * Flashtrade is now known as Flash_away [12:08] no follow thru [12:10] 0,2 Exited ES Long @ 84.50 --> - 1.75 [12:11] 0,2 Covered 1/2 ES Short @ 1185 --> + 1 [12:16] 0,3 Long ES @ 84.50 -> Add [12:17] 0,2 Covered Remainder ES Short @ 1184 --> + 2.25 [12:18] nice one wbat, i got out of a long at 87.00 but didn't have the courage of my convictions to reverse there, good job [12:18] that's not like you eb to not have the courage to reverse [12:19] actually Awash i had a clear reversal signal at about 12:03 but was making a sandwich and missed it :\ [12:19] oh [12:20] expensive Sandwich [12:20] but i did exit much before that and thought we may well run up a bit, didn't want to hang around in it during lunch, in fact i'm very surprised they didn't pop to the upside to trigger all the buy-stops sitting up there [12:20] heh, yeah :\ [12:22] thanks EB [12:30] LOD retest on deck [12:31] 0,3 Long ES @ 83.5 -> Add [12:31] 0,3 Long YM @ 10560 [12:32] what's your break even point on those ADDS Mr M [12:33] not my best day today:( but looks like adam and eve double bottom with divergence in volume [12:35] 0,2 Exited 1/2 ES Long @ 84.5 --> + 1 [12:38] was there some news that I missed maket i though was healthy...?? [12:39] soory jperl..didnt see your qiuestion.... [12:40] cost average 84.5 entrys at 85.75 84.5 and 83.5 took half off at 84.5 [12:40] k [12:41] I used to use stops not anymore [12:41] no stops in the market? [12:41] for safety [12:41] only big protective stop in case my platform crashes [12:41] k [12:44] big boys are throughing the bids around [12:47] Ill be suprised if they dont go for Stops lower BEFORE we go UUUPPPP [12:47] what percent to guys think are range days verse trend days in the market? [12:48] lower high slowly forming [12:48] short ZF @ 109'005 [12:49] 0,2 Exited all YM Long @ 10550 --> - 10 [12:49] Mr.Matrix when u gonna throw in the White Towel? [12:49] will be interesting to see if any volume takes us lower [12:50] im up on the day....see it just looks bad..... [12:50] 0,3 Long ES @ 83.5 -> Add [12:51] so far ES holding above 83 [12:51] 82 is bad news so i Guess then the white flag comes out foot goes in move tail between the legs your choice...:) [12:56] 0,2 Exited 1/2 ES Long @ 83.75 --> + 0.25 [13:01] 0,4 Shorts ES @ 1182.75 4,0 ŤŤ paper ťť [13:01] there goes that volume pushing us lower, watching to see the outcome [13:05] * NihabaAshi is now known as NihabaAshi_away [13:09] 0,2 Exited Remainder ES Long @ 82.75 --> - 3 [13:11] 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. [13:11] still holding a few that was -.75 for the rest of my 83.5 add [13:31] 0,2 Exited 1/4 ES Long @ 84.75 --> - 1 [13:37] 0,4 Shorts ZF @ 109-005 [13:37] got my macros fixed....posting my current open trade. [13:53] man that was tough.... [13:54] :) [13:55] tryin to get out of my 88s earlier [13:55] let's see how this 87 Resistance area acts [14:07] buyers pushing us higher [14:08] hey anyone take me up on that side bet? [14:09] what bet MrM? [14:09] 0,2 Covered all ZF Short @ 109=01 --> + 109-005 - 109=01 [14:09] 88-90 range being hit....Ill have to get Vito to collect...:) [14:09] * lesAway is now known as les [14:10] hahah.. I like that one. [14:10] luco brazzi? [14:10] with current price action, 88-90 area is attainable, we haven't pulled back much [14:10] 0,2 Covered all Short ES at 1183.75 --> - 1 4,0 ŤŤ paper ťť [14:11] Mr.matrix i got the Brinks truck on its way. [14:11] what a head fake ill bet that hurt even the biggest traders [14:11] :) [14:11] one V bottom/Top after another [14:12] what head fake MrM? [14:12] this game is all about pain [14:12] broke 93 then 92 tnow 88.5 with all the classic patterns to boot... [14:13] 83 and 82 i meant [14:13] we broke 82 by 1 tick [14:13] and price was climatic there [14:13] true [14:14] looks as if last weeks low continued to provide critical support [14:14] 0,4 Shorts ER2 @ 615.6 4,0 ŤŤ paper ťť [14:15] 83-82 I consider a support zone [14:16] 0,2 Covered all Short ER2 at 615.6 --> 0 4,0 ŤŤ paper ťť [14:17] 0,3 Long ES @ 1187.75 [14:18] 4 GO BULLS 4 [14:18] * Awash is now known as Awash_afk [14:19] exited 88s at b/e totally flat [14:20] 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. [14:20] only squeezed 1.5 points today [14:21] I traded bad today becuase I did what I think the market should do instead of what it was telling me....I gotoff easy..:) [14:25] 0,4 Shorts ES @ 1187.75 4,0 ŤŤ paper ťť [14:25] 0,3 Long ER2 @ 614.80 [14:26] 0,3 Buys ER2 @ 614.9 4,0 ŤŤ paper ťť [14:27] * markethacker_lunch is now known as markethacker [14:33] 0,2 Exited all Long ER2 at 614.5 --> - 0.4 4,0 ŤŤ paper ťť [14:34] 0,2 Covered all ES Short @ 1186.75 --> + 1 4,0 ŤŤ paper ťť [14:35] 0,3 Long ES @ 86.75 -> small size [14:43] 0,4 Shorts ER2 @ 614.2 4,0 ŤŤ paper ťť [14:44] Mr.matrix i find these pullbacks tough to time. [14:44] * NihabaAshi_away is now known as NihabaAshi [14:45] most of them take time to materialize baark [14:45] risk reward ratio is what I look at right now im long becuase logiclly it would take a lot it through at taht congestion again plus my indis look good [14:45] to get throught the congestion [14:46] 0,2 Covered 1/3 Short ER2 at 613.8 --> + 0.4 4,0 ŤŤ paper ťť [14:48] 0,2 Exited all ER2 Long @ 613.80 --> - 1 [14:48] 0,4 Shorts ER2 @ 613.80 [14:50] 0,2 Covered all Short ER2 at 614.6 --> - 0.4 4,0 ŤŤ paper ťť [14:50] 0,2 Exited ER2 Long @ 614.90 --> + 1.1 [14:50] 0,4 Reverse and Enter Short ER2 @ 614.90 [14:50] oops [14:51] sorry thats backwards. i lost a point and reversed to long at 614.90 [14:51] u can repost it again just like that [14:51] script will deal with it [14:52] 0,2 Covered all ER2 Short @ 614.90 --> 0 [14:52] 0,3 Long ER2 @ 614.90 [14:52] maybe i'll just type "whipsaw -10 ticks" repeatedly [14:54] this sucks [14:56] wannabe i jumped the gun on that long [14:56] [14:46] most of them take time to materialize baark [14:56] 0,4 Shorts ER2 @ 614.2 4,0 ŤŤ paper ťť [14:57] so did i [14:57] 0,2 Exited all ER2 Long @ 614.10 --> - 0.8 [14:57] rub it in dude [14:59] 0,4 Shorts ER2 @ 614.20 [14:59] trying to bounce off yesterday's lod (85.25) which the market has been dancing around all day [15:02] 0,3 Long ES @ 85.75 -> Add [15:02]