Session Start: Wed Jan 12 08:29:44 2005 Session Ident: #FuturesTrades [08:29] * Now talking in #FuturesTrades [08:29] [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab [08:30] morn all [08:30] morn pat [08:31] Anybody have the trade #? [08:31] -60.3 B [08:32] Thanks - currencies just shot up! [08:42] 0,4 Shorts YM @ 10572 [08:46] Be back around 9am est [08:46] * Disconnected Session Close: Wed Jan 12 08:46:29 2005 Session Start: Wed Jan 12 08:58:26 2005 Session Ident: #FuturesTrades [08:58] * Now talking in #FuturesTrades [08:58] [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab [09:03] 0,4 Shorts ZN @ 111.59375 [09:08] gm [09:12] 0,2 Covered all ZN Short @ 111.5 --> + 0.09375 [09:18] gm all [09:20] 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. [09:27] gm [09:27] gm [09:28] * markethacker_away is now known as markethacker [09:29] 0,4 Shorts EuroFX @ 132.36 [09:35] 0,4 Shorts ES @ 1585 4,0 ŤŤ paper ťť [09:35] 0,4 Shorts ES @ 1185 4,0 ŤŤ paper ťť [09:36] Only thing I have on my calendar is Treas budget @ 2 :( [09:36] petroleum report at 10:30 [09:39] 0,2 Covered all ES Short @ 1185.50 --> - 0.5 4,0 ŤŤ paper ťť [09:39] 0,3 Long ES @ 1185.50 4,0 ŤŤ paper ťť [09:42] 0,3 Long NQ @ 1567.00 -> small size [09:43] Chased this one...tried to get it at 1565.50 [09:43] 0,4 Shorts ES @ 1185.5 [09:44] 0,3 Long ES @ 85.25 -> small size [09:48] 0,2 Exited NQ Long @ 1562.50 --> - 4.5 [09:48] 0,4 Reverse and Enter Short NQ @ 1562.50 [09:48] 0,4 Shorts NQ @ 1562 [09:49] 0,2 Covered all ES Short @ 1184.25 --> + 1.25 [09:49] 0,2 Exited all ES Long @ 1184 --> - 1.5 4,0 ŤŤ paper ťť [09:49] 0,4 Shorts ES @ 1184 4,0 ŤŤ paper ťť [09:49] If I get an ADD signal will be by some size. [09:49] 0,2 Covered all NQ Short @ 1560 --> + 2 [09:49] Dang, bailed just before the gap closed. :( [09:50] But I followed my rules :) [09:51] 0,3 Long ER2 @ 610.20 [09:51] 0,3 Long ES @ 82.5 -> large size [09:51] 0,2 Exited all EuroFX Long @ 132.53 --> - 477.67 [09:52] Doh! [09:52] 0,2 Covered all NQ Short @ 1567.00 --> - 4.5 [09:53] do the trade scripts get confused when you switch default products? [09:53] 0,3 Long NQ @ 1558 [09:53] Got no where on that and missed a great ADD signal via the 2min chart :( [09:53] dont think so markethacker [09:53] markethacker, script can track 1 product at a time unless you modify it [09:54] right [09:54] ok guess my p/l will be messed up for a sec, thx pnoi [09:54] 0,4 Shorts ES @ 1181.25 [09:54] 0,4 Shorts NQ @ 1556.50 -> large size [09:54] 0,3 Long ER2 @ 609.30 -> Add [09:55] Niha was that exit really 67? or maybe 57? [09:56] 0,2 Exited all NQ Long @ 1559.5 --> + 1.5 [09:56] It's a bad post...will worry about it later. [09:56] 57 was the exit. [09:58] 0,2 Exited 1/2 ER2 Long @ 609.80 --> + 0.5 [09:58] 0,2 Exited 3/4 ES Long @ 82 --> - 0.5 [09:58] 0,2 Covered all ES Short @ 1182.25 --> + 1.75 4,0 ŤŤ paper ťť [09:59] Got the downside pressure but NQ not biting on it anymore :( [10:00] 0,3 Long ER2 @ 609.10 -> Add [10:00] 0,2 Exited 1/2 ER2 Long @ 609.90 --> + 0.8 [10:02] 0,2 Covered all NQ Short @ 1561.50 --> - 5 [10:03] 0,2 Covered all Short ES at 1183 --> - 1.75 [10:03] DBLArrow... [10:03] Yes that was 1557.00 for that exit for a +4.5 [10:03] [09:52] Covered all NQ Short @ 1567.00 --> - 4.5 [10:03] 0,3 Long ES @ 1183.75 [10:04] 0,2 Exited 1/4 ES Long @ 84 --> + 1.5 [10:04] 0,4 Shorts YM @ 10554 -> small size [10:07] 0,4 Shorts NQ @ 1564 [10:07] 0,2 Exited Remainder ES Long @ 84.5 --> + 2 [10:07] 0,4 Shorts ES @ 84.5 -> large size [10:08] 0,2 Exited all ES Long @ 1184.25 --> + 0.5 [10:09] 0,4 Shorts ES @ 1184.25 [10:09] 0,2 Covered all NQ Short @ 1562 --> + 2 [10:10] 0,4 Shorts ES @ 1184 4,0 ŤŤ paper ťť [10:11] gm [10:13] EIA Petroleum @ 10:30 EST. [10:13] >:( [10:14] 0,2 Exited Remainder ER2 Long @ 610.30 --> + 0.1 [10:18] itchy finger : for oil report [10:19] 0,4 Shorts ER2 @ 609.20 [10:19] ym still holding ;( [10:19] 0,4 Shorts NQ @ 1560.00 -> large size [10:20] Will reverse if needed. [10:20] 0,6 exit stop moved to breakeven YM @ 10553 [10:20] Looking for an ADD signal. [10:20] 0,2 Covered 1/2 ES Short @ 82.5 --> + 2 [10:21] 0,2 Covered Remainder ER2 Short @ 608.40 --> + 0.8 [10:21] 0,2 Covered all ES Short @ 1182.25 --> + 1.75 4,0 ŤŤ paper ťť [10:22] 0,2 Covered all ES Short @ 1181.50 --> + 2.75 [10:22] nice short mtrx you caught that turn perfect [10:22] broker clock right twice a day :) [10:22] broken :) [10:23] 0,2 Covered all YM Short @ 10533 --> + 21 [10:23] the clock still outperforms me [10:23] 2nd time today I've missed a critical ADD signal... [10:23] Leaving profits on the table and making it hard to get profitable. [10:24] 0,6 exit stop set NQ @ 1559.50 [10:24] Oil Report in about 1.5 mins. [10:25] 5? [10:25] you would think but BB tv said 1.5 mins. [10:26] So maybe it can come out a little early, IDK. [10:26] 0,3 Long ER2 @ 608.10 [10:26] should see by the reaction [10:27] any sid bits on report good or bad... [10:27] no coffee yet...side bets...:) [10:27] good [10:27] missed a short at 1184 level sudden spike from the low to this level made me hesitate on this signal [10:29] I think its bad becuase of the double bottom they were talking about yesterday on cnbc in crude the indiders may know something bout inventories [10:29] 0,2 Exited all ER2 Long @ 608.10 --> 0 [10:30] this is not the first time its happened to me but i guess will wait for the data [10:30] PUNKS. [10:31] 0,2 Trailing Stop Hit NQ @ 1559.50 --> + 0.5 [10:31] Oil what was expected according to CNBC. [10:31] I was loaded to. [10:32] 0,4 Shorts NQ @ 1556.00 -> large size [10:32] 0,3 Long ER2 @ 607.90 [10:32] 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. [10:32] F** I don't know what the CNBC lady was saying the report was not really in line w/ expectations. [10:33] oil fell 3mil barrels [10:33] what was it? [10:33] thats bad i guess [10:33] dunno.. just heard it fell short of expections 3million [10:35] 0,2 Covered 1/4 ES Short @ 82.25 --> + 2.25 [10:35] Crude and gas fell short, and heating was bigger [10:35] crude oil inventories fell 3million barrels vs 1.9 expected. gasoline up 1 million barrels vs 1.4 expectations. distillate fuel up 1.9 million barrels vs 900k expected. [10:35] I still see one more strong push downwards.. [10:36] 0,2 Exited all ER2 Long @ 608.00 --> + 0.1 [10:37] agree w/ niha. not enough of a shakeout yet [10:37] only thing makes me wary of short is the bad number followed by no movement [10:37] 0,4 Shorts NQ @ 1558.50 -> Add [10:38] I'm loaded again. [10:38] Will try and hold on this time...need 1555.00 [10:38] Anything more...I'm profitable for the day. [10:39] :) [10:40] 0,2 Covered 1/2 NQ Short @ 1552.00 --> + 6.5 [10:40] 0,4 Shorts ES @ 1182.25 4,0 ŤŤ paper ťť [10:40] Geesh...that was a lot of work :( [10:40] 0,2 Covered all ES Short @ 1179.0 --> + 3.25 4,0 ŤŤ paper ťť [10:41] 0,6 exit stop set NQ @ 1555.00 [10:41] 0,3 Long ER2 @ 606.50 [10:42] nice pday [10:43] 0,2 Exited all ER2 Long @ 606.00 --> - 0.5 [10:43] 0,4 Shorts ER2 @ 605.30 [10:43] 0,4 Shorts ES @ 1178 [10:44] lame entry [10:44] mine too [10:46] Prior comments was in error...I needed 1552.00 for 1/2 to be back at abaout breakeven. [10:46] These remainders will determine my profits for the day. [10:47] 0,2 Covered ER2 Short @ 606.40 --> - 1.1 [10:47] 0,3 Reverse and Enter Long ER2 @ 606.40 [10:50] 0,2 Exited all ER2 Long @ 605.50 --> - 0.9 [10:50] nice [10:50] * markethacker is now known as markethacker_away [10:57] 0,2 Covered 1/4 ES Short @ 77.5 --> + 7 [10:58] nice matrix. you jerk. [10:59] this bounce is from support back in dec 9 at 77 range es [11:01] does anyone here use supp res alot...? [11:02] exclusively [11:02] only as an exit pt [11:02] I get more and more confident with it I had a line across my chart since the beginning of the year at 77 and es raced to it and sopped on a dime....:) [11:05] So your next suppor t level would be 1168.75 from 11/22, right? [11:07] I havnt drawn them yet didnt expect the market to drop like this...wveryone said jans good jans good. soo you know... [11:16] :( [11:16] 0,2 Trailing Stop Hit NQ @ 1555.00 --> + 1 [11:16] I thought for sure I would get a 1545.00 on those remainders. [11:17] I underestimated that Bullish Engulfing pattern via the 2min chart interval. [11:17] 0,4 Shorts ES @ 1180.75 [11:18] Especially since it Engulfed two prior candlesticks instead of just one. [11:18] also was @ 40% from todays range [11:22] 0,4 Shorts ES @ 80 -> small size [11:24] 0,2 Covered 1/2 ES Short @ 1179.75 --> + 1 [11:26] 0,3 Long ES @ 1180 4,0 ŤŤ paper ťť [11:30] 0,3 Buys ES @ 1180.5 4,0 ŤŤ paper ťť [11:31] 0,2 Exited 1/3 Long ES at 1182 --> + 1.5 4,0 ŤŤ paper ťť [11:35] 0,2 Exited 1/3 Long ES at 1182.75 --> + 2.25 4,0 ŤŤ paper ťť [11:36] 0,4 Shorts ES @ 82.5 -> Add [11:37] wow, another V... go figure. [11:39] good morning all [11:39] * Awash_afk is now known as Awash [11:41] 0,2 Exited all Long ES at 1184 --> + 3.5 4,0 ŤŤ paper ťť [11:42] 0,2 Exited all ES Long @ 1183.75 --> + 3.75 4,0 ŤŤ paper ťť [11:44] 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. [11:47] 0,4 Shorts ES @ 85 -> Add [11:48] looks like price wants to retest opening high (pivot) [11:49] anyone who thinks im crazy these are all small sizes cost average 82.5 [11:53] 0,4 Shorts YM @ 10567 [11:58] 0,2 Covered 1/3 Short YM at 10568 --> - 1 [11:58] wring!! [11:58] wrong [11:58] hello.. whos there? [11:58] entry was wrong [11:58] 0,4 Shorts YM @ 10572 [11:59] 0,2 Covered 1/3 Short YM at 10568 --> + 4 [11:59] 0,2 Covered all Short YM at 10572 --> 0 [11:59] :( [12:02] Mr.M we might have to send Vito to the floor to have those guys quit Buying. [12:03] its crude oil I failed to pay attention ive got brave money from earlier :) [12:11] 0,2 Covered 1/3 ES Short @ 83 --> + 2 [12:14] very late post coming up [12:15] 0,2 Covered ES Short @ 1182.25 --> - 4.25 [12:15] 0,3 Reverse and Enter Long ES @ 1182.25 [12:17] Wanna that post is from Wayyy bacckk... :) [12:19] 0,4 Shorts ES @ 85 -> Add [12:20] yeah i know bark [12:20] system being female today [12:22] i.e. temperamental [12:22] MR_M u certainly have big b's to do this kind of a trade mgmt [12:22] lol [12:22] steel ones [12:23] guess so [12:23] steel is so 80's i prefer platinum :) [12:23] i dont recomment what i do to anyone its unsafe [12:24] lol. [12:25] bit of an understatement [12:25] gotta appreciate ur risk levels [12:25] right now my break even point is 82.5 im plus 2 on third leg then reenter third leg [12:25] at 85 [12:26] dont have it in me but am sure learning from u [12:26] astr of es is 2 on 5 minute chart any stops les then 2 like the blackjack dealer said in Christmas vacation ........ [12:27] avereage true range [12:28] the dealer said...why dont I take half your money now...take you out back kick you in the *alls and call it a day...:) [12:28] yep hope u avg out on the +side on this short [12:28] im flat all at 85.5 [12:29] thats good [12:31] 0,4 Shorts ES @ 1185.75 4,0 ŤŤ paper ťť [12:32] net loss -3 on 3 contracts then plus 2 on 1 contact and - .5 on 1 contract so it looked bad but I only gave back 2 pts on 3 contracts:( [12:32] 0,4 Shorts ER2 @ 609.9 [12:36] 0,4 Shorts ES @ 86 -> large size [12:36] 0,2 Covered all Short ER2 at 610.6 --> - 0.7 [12:38] 0,2 Covered 1/3 ES Short @ 85 --> 0 [12:38] +1 on that [12:38] 0,2 Exited all ES Long @ 1185 --> + 2.75 [12:38] 0,4 Shorts ER2 @ 609.8 [12:41] guys look at on balnce volume on a 60 min chart for es incredable divergence crude oil bs is the onlything holding this market up [12:42] and crude is bottomed out showing the same diverigence in the opposite direction [12:43] 0,2 Covered all ES Short @ 1185.25 --> + 0.5 4,0 ŤŤ paper ťť [12:46] 0,4 Shorts ES @ 1185 [12:48] 0,2 Covered 1/3 Short ER2 at 609.2 --> + 0.6 [12:49] 0,6 exit stop moved to breakeven ER2 @ 609.8 [12:50] 0,3 Long ES @ 1184.50 4,0 ŤŤ paper ťť [12:56] 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. [13:00] 0,2 Exited all ES Long @ 1183 --> - 1.5 4,0 ŤŤ paper ťť [13:03] 0,2 Covered 1/3 ES Short @ 83.5 --> + 2.5 [13:04] 0,2 Covered remainder Short ER2 at 609.6 --> + 0.2 [13:04] sorry bout the late post... [13:05] trade platform lost track of the trade, so had to fight with IB platform to cover [13:05] 0,2 Covered 1/2 ES Short @ 1183.50 --> + 1.5 [13:06] 958 lots just went off at 83.5 it should drop [13:13] * les is now known as lesAway [13:15] could be a little diveregence btwn the ER2 and the others. ER2 recent low not as low as the one from ~12:15 EST. [13:15] I'm taking that as potentially bullish. [13:19] head and shoulders on markets? [13:22] I can see one developing. I like to see lower volume on the right shoulder, which we have. [13:22] Treasury budget is due out at 2:00 EST. Apparently it's been moving the bond market at least. [13:24] ER2 looks the weakest [13:24] scratch that YM [13:25] 0,4 Shorts ES @ 1184.00 -> small size [13:26] That's a paper trade...testing something old. [13:26] anceint chinese secret........ [13:26] or japanese sorry...:) [13:26] Something more suitable for these types of market conditions...something I used often prior to 2003. [13:28] No...not a specific type of candlestick pattern... [13:28] More price action stuff...never did have a name for it :) [13:28] do you like the head and shoulder? [13:29] It's very close to that :) [13:29] I'll call it the "Weeping Shoulder" pattern :) [13:30] Niha, I think lower volume on the right shouler is pretty imp. w/ h&s. [13:30] drop ...let all sing the drop song...;) unless your long them your weeping....lol [13:31] MM7, do you exclusively trade the ES? [13:31] [13:30] Niha, I think lower volume on the right shouler is pretty imp. w/ h&s. [13:31] Yes...exactly. [13:31] only es...... and baseball cards but thats for another day...lol [13:31] 0,2 Covered all ES Short @ 1182.00 --> + 2 [13:31] 0,2 Covered Remainder ES Short @ 1182 --> + 3 [13:32] But you follow the other minis for signals, confirmation, divergence, etc.? [13:32] yes i have nq ym er and crude on my screeen as well as Ge C msft [13:33] This trade signal has aspects of the Head & Shoulder pattern but more emphasis on an early entry signal with low risk and the WRB price action within the pattern is also critical... [13:33] These are things I couldn't get from the traditional Head & Shoulder pattern. [13:33] I just readded the SOX index for the NQ but I'm not sure of it's value. See to mirror price, not lead it, imho. [13:34] I remember it took me about 2 1/2 years of working only this pattern before I felt comfortable with the trade management. [13:34] everything I do is based on divergence and sup and res and cost averaging... [13:34] It does not perform well in low volatility market conditions...reason why during those times...I rarely use it. [13:35] It's now time for me to use it because I think the increased volatility will either increase or stay the same since the U.S. presidential elections till the end of this year. [13:36] So you essentially want WRB's in the pattern. [13:36] ? [13:36] Yep...special type of WRB's to help exploit the supply/demand or candlestick s/r levels... [13:37] The traditional H&S pattern is simply "too late" in its entry or reaction to get Short. [13:39] It's funny, a H&S on a shorter time period looks very much like a flag on a longer one. [13:39] 0,2 Covered 1/4 ES Short @ 82 --> + 4 [13:40] ES price action right this moment is what I'm trying to "manage" because the original entry rarely gets a pt2 for me. [13:40] Reason why its usually and ALL exit at pt1. [13:41] I'm looking for a re-entry signal to get Short at a better price than my pt1 exit... [13:41] That's the part I'm working on...something I didn't have before. [13:44] Anyways...time for a late lunch. [13:44] * NihabaAshi is now known as NihabaAshi_away [13:50] wow, nice drop here. [13:50] 0,2 Covered 1/4 ES Short @ 81 --> + 5 [13:52] Do you look at the cash indexes for the S&P and Dow? [13:54] no but id like to learn more about fair value.... [13:54] I llok at where the money flow is where big boys are placing their bets [13:55] I've looked into FV, but it got to be too much to look at. [13:55] Are you follwing time and sales then? [13:55] for instance at 82.5 i posted 958 just went off should drop becuase heavy hitters are selling at a bottom just a clue not the holy grail.... [13:56] BTW Treasury Budget report coming out in ~ 4mins. [13:57] how do do that away thing when im not around...? [13:58] Don't know either, lol. [13:59] 0,3 Long ES @ 1182 4,0 ŤŤ paper ťť [13:59] have a buy but psaaing it on will wait for the report [14:01] 3.44 billion US deficit for Dec. Don't know if that's good or bad. [14:04] guess it was a good #. [14:08] 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. [14:11] 0,2 Exited all ES Long @ 1183.25 --> + 1.25 4,0 ŤŤ paper ťť [14:12] MR-M just fig it out click on commands then click on set away as on [14:13] great... how many trades does it take to change a light bulb...:) [14:14] just one but not the other one u know which one i'm talking about [14:14] :) [14:18] Niha, do U still follow the big S&P contract? [14:22] 0,4 Shorts NQ @ 60 [14:22] 0,6 exit stop set NQ @ 62.5 [14:23] 0,4 Shorts YM @ 10571 4,0 ŤŤ paper ťť [14:24] * Awash is now known as Awash_afk [14:25] * lesAway is now known as les [14:26] lots of V's and inverted V's today [14:27] depends on your time scale [14:27] 0,2 Covered NQ Short @ 60 --> 0 [14:27] 3min es [14:28] try using a tick chart....you will see less "V's" [14:30] good midday action today [14:31] meant good spikes all day thru [14:31] 0,2 Covered 1/2 YM Short @ 10565 --> + 6 4,0 ŤŤ paper ťť [14:36] 0,2 Covered all YM Short @ 10571 --> 0 4,0 ŤŤ paper ťť [14:39] * NihabaAshi_away is now known as NihabaAshi [14:39] [14:18] Niha, do U still follow the big S&P contract? [14:39] Sometimes. [14:40] It seems like if you want to know what the big boys are doing, it seems like that would be the place to look, imho. [14:41] It's not the only place but a good place to start. [14:43] Do you think it's worth the feed, or can you generally find the same info on the minis if you know where/how to look? thnx [14:45] I think the same info is in the Eminis. [14:49] anyone find any value to europes open or copper and crude for predictive value? [14:50] I've been playing around w/ looking at Europe and Asia, but the data is hard to get historically. The Europe open does move the overnight ES @ 3:00 am EST. [14:58] Asia closes then Europe Opens...but i cant follow the whole world.. need sleep [15:00] with supply concerns in crude and the divergence in long term charts I think at 3 we should start heading lower with the bond market closes and all the trade defi hype goes away [15:04] or not...:) [15:06] I'm all done for today. No trades. Cya tomorrow. [15:10] im still short a few from 86 stops at 86 [15:12] u had a good day so far [15:14] except that brain fart cost averaging up 5 points small it was a great day could get better :) [15:14] u got it [15:17] 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. [15:21] 0,2 Covered 1/4 ES Short @ 84 --> + 2 [15:24] 0,3 Buys YM @ 10576 4,0 ŤŤ paper ťť [15:25] 0,2 Exited 1/3 Long YM at 10581 --> + 5 4,0 ŤŤ paper ťť [15:25] 0,3 Long YM @ 10581 [15:26] Mr. M so much for going Lower after 3 PM [15:26] Squeeze the Shorts! [15:27] its not over yet but I washed my foot for mouth insersion....lol :) [15:27] 0,2 Exited all Long YM at 10576 --> 0 4,0 ŤŤ paper ťť [15:32] 0,4 Short ES @ 86 [15:33] 0,4 Short ES @ 86 [15:33] no trade there my stops were hit [15:34] 4SHORT SQUEEZE4 [15:34] 0,2 Exited all YM Long @ 10608 --> + 27 [15:34] 0,2 Trailing Stop Hit ES @ 84 --> + 2 [15:34] ignore that too [15:38] 0,4 Shorts ES @ 88.5 -> small size [15:38] MM7 do you always use an attached stop w/ your orders? [15:38] no rarely [15:39] I've been going back and forth on the subject myself. [15:39] stop for safety [15:40] if your system crashes [15:40] if you think how many times you sere stopped out then the trade goes your way verses that one time when it moved thrught the roof agaisnt you and you were thankfull for the stop its probably distorted... [15:43] [15:34] Exited all YM Long @ 10608 --> + 27 [15:43] Nice :) [15:43] Thanx [15:44] Of course now I wish I still had it... [15:45] This is a good example why I don't like to use WIDE stops in the late afternoon trading session. [15:46] If hit...very little time remaining in the trading day to recover. [15:46] guess u just cant predict the mrkt flow the last 30 min or so [15:47] oh [15:47] Simply, if I have a WIDE stop hit...I prefer it to occur in the first hour...more time to recover during the remainder of the trading day. [15:48] gotta [15:49] 0,2 Covered all ES Short @ 88.25 --> + 0.25 [15:52] 0,3 Long ES @ 88.25 -> small size [15:57] 0,2 Exited all ES Long @ 89.50 --> + 1.25 [15:59] That was a pretty bold trade b/c you were buying when there was an end of the day reversal going on. [16:00] my last trade? [16:00] guess momemtum called for a retest [16:00] yeah [16:01] a lot of trades Mr.M. your broker must like you. [16:01] yes, i was talking about your last trade. [16:01] ever since i stopped making alot of trades my broker quit calling me and i didnt even get Birthday card this year! [16:01] there were no sellers below 88.5 if you look at on balnce volume on any time frame its throught the roof and 90 is hit all the time in the last three days plus it was small size and my exit was planed at 89.5 [16:03] So you look at depth of market? [16:03] the more risky trade was the short which I have to get out of my head [16:04] I am so liniar minded I discussed this with les my mind always thinks that if it maved 5 pints fast I think it will snap back... [16:04] which is very dangerous [16:05] no I dont look at depth of market most of those bids and asked are placed there falsely and will be pulled [16:07] [16:01] ever since i stopped making alot of trades my broker quit calling me and i didnt even get Birthday card this year! [16:07] :) [16:08]