Session Start: Fri Jan 21 09:36:19 2005 Session Ident: #FuturesTrades [09:36] * Now talking in #FuturesTrades [09:36] [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab [09:37] michigan consumer sentiment at 9:45 [09:38] also it's options expiration day today, fwiw [09:38] 0,4 Shorts NQ @ 1524 [09:39] 0,2 Exited 1/3 ES Long @ 79 --> + 1 [09:40] 0,4 Shorts ES @ 1179.0 4,0 ŤŤ paper ťť [09:40] pot smokers in ~10 minutes [09:41] 0,2 Exited Remainder ES Long @ 78.25 --> + 0.25 [09:41] 0,2 Covered all ES Short @ 1178.0 --> + 1 4,0 ŤŤ paper ťť [09:44] 0,3 Long ES @ 1178.50 -> large size [09:46] 0,3 Long NQ @ 1178.25 4,0 ŤŤ paper ťť [09:48] 0,2 Covered all NQ Short @ 1523 --> + 1 [09:49] 0,2 Exited all NQ Long @ 1178.25 --> 0 4,0 ŤŤ paper ťť [09:50] 0,4 Shorts ES @ 78 -> small size [09:51] 0,3 Long ER2 @ 613.30 -> small size [09:51] Intuition trade. [09:51] 0,4 Shorts ES @ 76.75 [09:52] 0,2 Covered 1/2 ES Short @ 75.75 --> + 1 [09:52] 0,2 Covered 1/2 ES Short @ 76 --> + 2 [09:52] 0,4 Shorts ER2 @ 612.70 -> Add [09:53] 0,2 Covered Remainder ES Short @ 76.25 --> + 0.5 [09:53] 0,2 Covered Remainder ES Short @ 76.5 --> + 1.5 [09:54] That ADD is a LONG not a Short (typo) [09:54] Niha was it a ER2 short before or a long? [09:54] I"m Long at 613.30 and 612.70 [09:54] 0,4 Shorts ER2 @ 613.1 4,0 ŤŤ paper ťť [09:54] Clear ! [09:55] 0,3 Long ES @ 77 -> small size [09:55] 0,2 Covered 1/3 Short ER2 at 612.6 --> + 0.5 4,0 ŤŤ paper ťť [09:55] 0,6 exit stop moved to breakeven ER2 @ 613.1 4,0 ŤŤ paper ťť [09:56] Will correct in a second... [09:56] 0,2 stop hit ER2 @ 613.1 --> 0 4,0 ŤŤ paper ťť [09:56] 0,2 Covered ER2 Short @ 612.70 --> + 0.6 [09:57] I'm just clearing everything out and will re-post. [09:57] 0,3 Long ER2 @ 613.30 -> small size [09:57] 0,3 Long ER2 @ 612.70 -> Add [09:59] 0,2 Exited 1/3 ER2 Long @ 614.50 --> + 1.8 [10:00] 0,2 Exited 1/2 ES Long @ 78 --> + 1 [10:00] 0,3 Long NQ @ 1523.50 4,0 ŤŤ paper ťť [10:01] 0,6 exit stop moved to breakeven ER2 @ 613.30 [10:01] 0,2 Exited 1/3 ES Long @ 78 --> + 1 [10:02] 0,2 Exited 1/3 ER2 Long @ 614.00 --> + 0.7 [10:03] 0,4 Shorts ES @ 1177.5 4,0 ŤŤ paper ťť [10:05] 0,6 exit stop raised ER2 @ 613.40 [10:10] 0,2 Exited all NQ Long @ 1124 --> - 399.5 4,0 ŤŤ paper ťť [10:10] 0,2 Exited all NQ Long @ 1524 --> + 0.5 4,0 ŤŤ paper ťť [10:11] 0,2 Covered all Short ES at 1177.25 --> + 0.25 4,0 ŤŤ paper ťť [10:12] 0,2 Exited Remainder ES Long @ 77 --> 0 [10:12] 0,2 Trailing Stop Hit ER2 @ 613.40 --> + 0.1 [10:13] 0,3 Long ES @ 76.25 -> small size [10:13] 0,4 Shorts ES @ 76 [10:14] this should snap back no real selling on DIA or spy [10:15] 0,2 Covered ES Short @ 75.75 --> + 0.25 [10:16] 0,2 Exited all ES Long @ 76 --> - 0.25 [10:18] 0,3 Long ES @ 75.75 -> small size [10:19] * Awash_afk is now known as Awash [10:19] morning all [10:19] 0,2 Exited 1/2 ES Long @ 77 --> + 1.25 [10:19] 0,4 Shorts ER2 @ 14.3 4,0 ŤŤ paper ťť [10:19] 0,6 exit stop set ER2 @ 14.7 4,0 ŤŤ paper ťť [10:22] 0,2 Covered ER2 Short @ 14.7 --> - 0.4 4,0 ŤŤ paper ťť [10:23] 0,2 Exited 1/3 ES Long @ 78.5 --> + 2.75 [10:24] i hate you matrix [10:24] :-) [10:24] wanna make money just trade were I trade I guess... [10:25] 0,4 Shorts YM @ 10487 4,0 ŤŤ paper ťť [10:25] lol [10:25] good point [10:25] maybe you should start a website or something [10:26] thier runnin the market now should hit 83-85 by end of day [10:26] agree [10:27] and reveal the receipt to my secret sauce...:) [10:27] yeah [10:27] bottle it and sell it [10:27] 0,4 Shorts EC @ 1.3018 4,0 ŤŤ paper ťť [10:28] 0,6 exit stop set EC @ 1.3021 4,0 ŤŤ paper ťť [10:28] 0,4 Shorts YM @ 10500 -> Add 4,0 ŤŤ paper ťť [10:28] 0,2 Exited 1/3 ES Long @ 80 --> + 4.25 [10:29] keep it for yourself MM7. [10:29] 0,2 Covered EC Short @ 1.3021 --> - 0.0003 4,0 ŤŤ paper ťť [10:29] I'm sure you've earned it. [10:30] Im ussally post here what im thinkin anyway same thing I say entrys and exits and why ussally :) [10:31] true. [10:32] heavy buying on SPY 300,000 shares is 1 minute [10:33] 0,3 Long ES @ 79.50 [10:34] 0,3 Buys ES @ 1179.25 4,0 ŤŤ paper ťť [10:34] 0,2 Exited 1/3 Long ES at 1180.5 --> + 1.25 4,0 ŤŤ paper ťť [10:34] 0,2 Exited 1/2 ES Long @ 80.50 --> + 1 [10:35] 0,2 Exited Remainder ES Long @ 79.75 --> + 0.25 [10:39] 0,2 Exited remainder Long ES at 1179.5 --> + 0.25 4,0 ŤŤ paper ťť [10:39] 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. [10:40] 0,3 Long ES @ 79 -> Add [10:42] 0,3 Buys ES @ 1179 4,0 ŤŤ paper ťť [10:44] 0,2 Exited 1/3 Long ES at 1180.25 --> + 1.25 4,0 ŤŤ paper ťť [10:45] freaking runaway [10:45] 0,2 Exited 1/4 ES Long @ 1180.25 --> + 1.75 [10:45] 0,4 Shorts ES @ 1180.25 4,0 ŤŤ paper ťť [10:45] 0,4 Shorts YM @ 507 4,0 ŤŤ paper ťť [10:46] 0,6 exit stop set YM @ 507 4,0 ŤŤ paper ťť [10:48] 0,2 Exited remainder Long ES at 1178.75 --> - 0.25 4,0 ŤŤ paper ťť [10:53] 0,4 Shorts ES @ 1179 4,0 ŤŤ paper ťť [10:54] 0,6 exit stop lowered YM @ 504 4,0 ŤŤ paper ťť [10:55] 0,2 Covered 1/2 YM Short @ 10588 --> - 88 4,0 ŤŤ paper ťť [10:55] 0,2 Covered 1/2 YM Short @ 10488 --> - 1 4,0 ŤŤ paper ťť [10:55] ^messed it up [10:56] Long Squeeze [10:57] 0,4 Shorts YM @ 10487 4,0 ŤŤ paper ťť [10:57] 0,4 Shorts YM @ 10500 -> Add 4,0 ŤŤ paper ťť [10:57] 0,2 Covered 1/2 YM Short @ 10488 --> + 12 4,0 ŤŤ paper ťť [10:57] :-) [10:59] 0,2 Covered all Short ES at 1179.25 --> - 0.25 4,0 ŤŤ paper ťť [10:59] wrong [10:59] 0,2 Covered all Short ES at 1178.25 --> + 0.75 4,0 ŤŤ paper ťť [11:00] * les is now known as LesAway [11:03] 0,2 Covered YM Short @ 484 --> + 23 4,0 ŤŤ paper ťť [11:05] NICE joop. [11:06] Go JOOOP! [11:08] 0,4 Shorts YM @ 10491 [11:10] 0,2 Covered all ES Short @ 1178.50 --> + 1.75 4,0 ŤŤ paper ťť [11:12] hehe [11:12] cheers :P [11:15] 0,2 Covered all YM Short @ 10490 --> + 1 [11:15] sucka wouldn't go down [11:19] one crude retracts back we should see new highs market wants up but crude realaity as usual [11:23] 0,2 Exited 1/2 ES Long @ 79.5 --> + 0.5 [11:25] also we may have a lot of short covering from this weeks losses cuase traders will go flat over the weekend for exposure risk [11:29] * m618-away slaps NihabaAshi around a bit with a large trout [11:29] sorry, wrong click [11:29] 0,4 Shorts CAD @ 0.8167 [11:30] 0,4 Shorts YM @ 10499.00 -> large size [11:32] 0,6 exit stop moved to breakeven YM @ 10499.00 [11:33] 0,2 Covered 1/2 YM Short @ 10492.00 --> + 7 [11:34] [11:29] * m618-away slaps NihabaAshi around a bit with a large trout [11:34] Early bird gets the worm :) [11:34] m618...did you wanted those contracts ? [11:35] The canadian dollar contracts? In hindsight, being down $100 bucks in it, no. [11:35] 0,3 Long ER2 @ 17.3 4,0 ŤŤ paper ťť [11:35] The U.S. dollar performance to the Canadian dollar is causing me some major problems... [11:36] The trout slapping thing was an accident ... and inadvertent mouse click. [11:36] haha [11:36] I trade via a U.S. broker...I spend my profits here in Canada :( [11:36] I'm losing a lot on the U.S. dollar in comparison to when I first arrived in 2000. [11:37] 0,2 Exited ER2 Long @ 16.8 --> - 0.5 4,0 ŤŤ paper ťť [11:37] Now its like 1.22 and when I arrived it was 1.57 [11:37] Lost about .35 cents for each dollar :( [11:37] Go to your Canadian pharmacist, load up on Lipitor, and then sell to the US folks for a profit. [11:38] 0,6 exit stop lowered YM @ 10498.00 [11:38] Well if it makes you feel any better, the canadians are getting a nuclear shield for free. [11:39] 0,2 Covered YM Short @ 10484.00 --> + 15 [11:39] Holding 2 contracts. [11:41] 0,4 Shorts ER2 @ 17.6 4,0 ŤŤ paper ťť [11:42] 0,6 exit stop set ER2 @ 18 4,0 ŤŤ paper ťť [11:42] 0,2 Exited Remainder ES Long @ 79 --> + 3.25 [11:44] To compensate...for the poor dollar performance...I'm spending very little money as possible here in Canada (especially on big purchases) and will just wait till the dollar bounces back upwards prior to making any big purchases. [11:44] I'm glad I made some large deposits over the last few years because I knew getting an extra .50 cents on the dollar wouldn't last long. [11:46] where in canada are you? [11:49] French side :) [11:49] Oh oh...something happen on the Othernet. [11:49] We just lost most of the members in here. [11:50] :( [11:50] I thinkin of moving to Vancouver [11:53] must have lost the west coast. [11:56] Yep...depends on what server your on... [11:56] If that server goes down or gets temporarily disconnected... [11:56] You can get dropped from the room if on that server. [11:56] Reason why I always set my server to RANDOM... [11:57] That way if I'm disconnected...when it tries to log me back in...it will automatically pick the server that's available instead of one that's not available. [12:02] :) [12:03] 0,2 Covered YM Short @ 10476.00 --> + 23 [12:03] Holding just 1 contract [12:04] It's like people saying the Chineese own all the US debt and how bad it is. Well for them it's great: they lend us money and we buy DVD players from them w/ it. They'll neve cut us off, imho. They'd kill their best market. Sorry no more politics. [12:08] 0,6 exit stop lowered YM @ 10492.00 [12:23] test............... [12:29] 0,2 Covered Remainder YM Short @ 10476 --> + 11 4,0 ŤŤ paper ťť [12:40] 0,4 Shorts DAX @ 16.5 4,0 ŤŤ paper ťť [12:42] 0,2 Covered Remainder YM Short @ 10483.00 --> + 16 [12:44] 0,2 Covered all CAD Short @ 0.8167 --> 0 [12:44] - 34 ticks ... ouch [12:49] ew [12:49] $340? [12:54] 0,2 Covered DAX Short @ 16.5 --> 0 4,0 ŤŤ paper ťť [12:55] 0,3 Long EC @ 63 4,0 ŤŤ paper ťť [12:56] 0,4 Shorts ES @ 1177.75 4,0 ŤŤ paper ťť [12:56] * LesAway is now known as les [12:59] 0,2 Exited EC Long @ 61 --> - 2 4,0 ŤŤ paper ťť [13:00] 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. [13:05] 0,2 Covered 1/3 Short ES at 1176.75 --> + 1 4,0 ŤŤ paper ťť [13:10] 0,4 Shorts ES @ 1177.25 4,0 ŤŤ paper ťť [13:13] 0,2 Covered all Short ES at 1177.75 --> 0 4,0 ŤŤ paper ťť [13:14] 0,2 Covered all ES Short @ 1177.25 --> 0 4,0 ŤŤ paper ťť [13:14] * les is now known as lesAway [13:25] 0,4 Shorts ES @ 1176.25 4,0 ŤŤ paper ťť [13:25] Geesh...I really underestimated YM having the ability to get a pt4 or pt5. [13:26] Would still like to be Short. [13:29] 0,3 Long YM @ 10463 [13:29] tight stop [13:30] For what its worth...if the current YM price action holds... [13:30] Via the Daily chart analysis...I'll no longer have a STRONG bias to the short side. [13:31] Here's why via an old attachment posted at EliteTrader.com [13:31] http://www.elitetrader.com/vb/attachment.php?s=&postid=661420 [13:32] YM is now firmly within that key candlestick s/r level ZONE... [13:32] Anything crazy can now happen. [13:32] Until it leaves that ZONE...I'll only be small size on both Short and Long positions. [13:33] 0,2 Exited all YM Long @ 10454 --> - 9 [13:42] 0,2 Exited Remainder ES Long @ 1174 --> - 4.5 [13:43] 0,6 exit stop set ES @ 1175 4,0 ŤŤ paper ťť [13:44] wannabe thats a WIDE Stop [13:47] YM low of that daily chart key candlestick s/r level ZONE is 10423.00 and the high of the ZONE is 10483.00 [13:48] That's a 60 point range to tell me "watch out"...weird stuff happens here. [13:51] Weird stuff as in frustrating or stressful trading...reason why I'm reducing my size in this ZONE to control my risk exposure. [13:59] 0,2 Covered all ES Short @ 1174 --> + 2.25 4,0 ŤŤ paper ťť [14:01] 0,3 Long YM @ 10440 [14:04] 0,2 Exited all YM Long @ 10441 --> + 1 [14:11] 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. [14:13] 0,4 Shorts YM @ 10439 [14:15] 0,6 exit stop moved to breakeven YM @ 10438 [14:15] if we make a new LOD I'm looking for 10400 [14:17] yeah not til we chop around for a while :)) [14:17] 0,2 Covered all YM Short @ 10439 --> 0 [14:18] [14:15] if we make a new LOD I'm looking for 10400 [14:19] I hope your right...it'll put us below that key zone I mentioned earlier...shake things up very nicely and could setup very good trading on Monday if it drops to that level today. [14:26] * Awash is now known as Awash_afk [14:31] 0,4 Shorts ES @ 1174 4,0 ŤŤ paper ťť [14:37] 0,3 Long ER2 @ 14.1 4,0 ŤŤ paper ťť [14:37] 0,6 exit stop set ER2 @ 13.9 4,0 ŤŤ paper ťť [14:38] * lesAway is now known as les [14:40] 0,2 Exited ER2 Long @ 14.1 --> 0 4,0 ŤŤ paper ťť [14:42] 0,4 Shorts ES @ 614.1 4,0 ŤŤ paper ťť [14:47] 0,2 Covered 1/3 Short ES at 613.6 --> + 0.5 4,0 ŤŤ paper ťť [14:48] 0,2 Covered 1/3 Short ES at 613.1 --> + 1 4,0 ŤŤ paper ťť [14:49] 0,6 exit stop set ES @ 1173 4,0 ŤŤ paper ťť [14:49] 0,2 Covered remainder Short ES at 612.6 --> + 1.5 4,0 ŤŤ paper ťť [14:51] didnt think the er2 triangle break would take us this far down [14:51] yes..test of low is next then its Timbeerrr [14:52] 0,4 Shorts ES @ 612.3 4,0 ŤŤ paper ťť [14:52] 0,2 Covered 1/3 Short ES at 611.3 --> + 1 4,0 ŤŤ paper ťť [14:53] wrong exit [14:53] happened so fast.. hehe [14:53] profit is profit [14:54] 0,2 Covered 1/3 Short ES at 611.8 --> + 0.5 4,0 ŤŤ paper ťť [14:54] 0,2 Covered 1/3 Short ES at 611.3 --> + 1 4,0 ŤŤ paper ťť [14:54] 0,2 Covered remainder Short ES at 611.1 --> + 1.2 4,0 ŤŤ paper ťť [14:56] the above is correct [15:03] 0,2 Covered all ES Short @ 1171 --> + 3 4,0 ŤŤ paper ťť [15:04] 0,3 Buys ES @ 611.8 4,0 ŤŤ paper ťť [15:04] 0,2 Covered all ES Short @ 1171 --> + 3 4,0 ŤŤ paper ťť [15:07] 0,2 Exited all Long ES at 611.8 --> 0 4,0 ŤŤ paper ťť [15:07] trying for lowere entry here [15:09] hell, not that low :) [15:09] have a good weekend. Cya monday. [15:10] 0,4 Shorts ES @ 610.5 4,0 ŤŤ paper ťť [15:11] 0,2 Covered 1/3 Short ES at 610 --> + 0.5 4,0 ŤŤ paper ťť [15:12] 0,2 Covered remainder Short ES at 610.5 --> 0 4,0 ŤŤ paper ťť [15:12] was hoping that would be another down leg [15:12] that sharp bounce might create a hammer [15:16] wow [15:16] just when ya think it cant go down any more ... [15:19] its a creeper [15:20] bloody fast creeper [15:20] 8.1 points from er2 this pm session [15:20] it went so quick i couldnt get it toigether to post em all [15:21] thing with er2 is it moves so fast u need fairly wide stops a lot of the time... [15:21] but that gets expensive when the trade fails [15:22] so i have preset targets and stops [15:22] when it moves very quickly i dont get a chance to adjust them, so havta keep re-entering [15:22] I stay away from ER.. learned a few painful lessons. [15:23] 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. [15:23] I used to trade ER2 but found it too nerve racking [15:23] i cn see why [15:23] but nerve-racking quick stuff suits my tremperament a lot... [15:24] ER is just like Forex, no repeatable patterns and gamble all the way [15:24] i seem to do better in fast moving trends [15:52] 0,3 Long ES @ 1169.75 4,0 ŤŤ paper ťť [15:55] This has been a very strong trend down day. [15:55] Hope all made money today and hope there's more day's like today...up or down. [15:56] Thanks Niha. [16:00] yes. I had a great day today. [16:02] 0,2 Exited all ES Long @ 1167.5 --> - 2.25 4,0 ŤŤ paper ťť [16:02] Guess that end of day strategy I've been testing needs some more work, lol. [16:03] Market is always right. [16:04] c u gentlemen next week [16:04] Yup, you can't slap some new paint on a trade and try to sell it to some unsuspecng sole.ti [16:04] Take are TLT. [16:36] 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. [16:47] Take care all and have a nice weekend. [16:47] * Disconnected Session Close: Fri Jan 21 16:47:45 2005