Session Start: Thu Feb 03 08:25:57 2005 Session Ident: #FuturesTrades [08:25] * Now talking in #FuturesTrades [08:25] [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab [08:26] New password for #FuturesTrades is GRIPP15 [08:26] Thus, if you log out...the password GRIPP15 will be needed to get back in. [08:27] * Retrieving #FuturesTrades modes... [08:28] Password changes around the 1st of each month and is always posted in the password thread at ezboard forum. [08:28] * Disconnected Session Close: Thu Feb 03 08:28:52 2005 Session Start: Thu Feb 03 09:25:18 2005 Session Ident: #FuturesTrades [09:25] * Now talking in #FuturesTrades [09:25] [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab [09:29] http://www.thestreet.com/p/_rms/rmoney/barryritholtz/10206955_4.html [09:32] any expectations for the open? [09:33] 0,3 Long ES @ 1189.5 [09:35] .. [09:36] 0,4 Shorts ES @ 1189 4,0 ŤŤ paper ťť [09:36] 0,2 Covered 1/3 Short ES at 1189.5 --> - 0.5 4,0 ŤŤ paper ťť [09:36] wrong [09:36] 0,2 Covered 1/2 Short ES at 1189.5 --> - 0.5 4,0 ŤŤ paper ťť [09:41] COmne on ES, no double bottom, just climb already [09:43] 1189.25 is the Fair Value price for the past 2 days. So could go either way [09:43] 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. [09:44] It is a bit below its VolumeWeightedMA from overnight trading. Possible long here. [09:44] 0,3 Long ES @ 1190 [09:46] 0,3 Long YM @ 10576 [09:47] 0,2 Exited all ES Long @ 1190.75 --> + 0.75 [09:47] 0,3 Long YM @ 10580 [09:47] Through the VWMA. Still feel there is a bias down. [09:47] 0,2 Exited all YM Long @ 10578 --> + 2 [09:51] 0,4 Shorts ES @ 91.25 [09:52] 0,2 Covered 1/3 ES Short @ 90.25 --> + 1 [09:52] Good one emini [09:52] THX [09:54] want to exit before the 10 am announcements [09:57] 0,2 Covered all ES Short @ 90.50 --> + 0.75 [10:00] 0,4 Shorts ES @ 1190.5 [10:00] 0,4 Shorts ES @ 91 -> large size [10:01] Could be premature, but looks as if it is having trouble at 1191.50 [10:01] 0,2 Exited all YM Long @ 10572 --> - 8 [10:02] heavy resisitance at least short term at 91.50 [10:03] 0,4 Shorts YM @ 10568 [10:03] 0,2 Covered all ES Short @ 1189.75 --> + 0.75 [10:04] 0,2 Covered 1/3 ES Short @ 90 --> + 1 [10:04] Now will have another look for support at LOD [10:07] 0,4 Shorts YM @ 10566 [10:08] 0,2 Covered 1/3 ES Short @ 89.50 --> + 1.5 [10:09] 0,6 exit stop moved to breakeven ES @ 91 [10:10] 0,2 Covered all YM Short @ 10565 --> + 1 [10:12] 0,2 Covered all YM Short @ 10572 --> - 4 [10:12] 0,3 Long YM @ 10573 [10:14] 0,3 Long ES @ 1189.25 [10:14] 0,2 Exited all ES Long @ 1189.25 --> - 0.25 [10:14] Man, I am getting really tired of ES. [10:14] 0,2 Exited all ES Long @ 1189.75 --> + 0.5 [10:15] 0,4 Shorts YM @ 10567.00 -> small size [10:15] 0,2 Covered 1/3 ES Short @ 89 --> + 2 [10:15] 0,2 Exited all YM Long @ 10562 --> - 11 [10:15] 0,4 Shorts YM @ 10562.00 -> Add [10:16] 0,4 Shorts ES @ 88.50 -> Add [10:18] 0,4 Shorts YM @ 10567 [10:19] Too many long lower shadows at this price area :( [10:21] 0,2 Covered all ES Short @ 90 --> - 0.5 [10:22] Anyone using IB feed? [10:22] yes [10:22] not me [10:22] What was your just after open low (9:35 ish) on IB [10:23] 1188.75 [10:23] thanks so much, appreciate it... [10:24] mine only showed a low of 1189.00 [10:24] eSignal showed 1188.75... [10:24] weird... [10:25] 0,2 Covered all YM Short @ 10565 --> + 2 [10:31] Those darn lower shadows again...still providing support :( [10:31] Captn - IB does not report all trades to their API, if that's what you are using. [10:32] 0,6 exit stop moved to breakeven YM @ 10570.00 [10:33] Ooops... [10:33] 0,6 exit stop lowered YM @ 10570.00 [10:34] 0,3 Long ES @ 1189.50 [10:36] 0,2 Trailing Stop Hit YM @ 10570.00 --> - 11 [10:36] 0,3 Reverse and Enter Long YM @ 10570.00 [10:37] 0,2 Exited all ES Long @ 1190 --> + 0.5 [10:39] [10:36] Trailing Stop Hit YM @ 10570.00 --> - 11 [10:39] That's a -3 and -8 to equal -11 via the script :( [10:40] Spoof bid 3644 at 1189.75 [10:41] 0,6 exit stop moved to breakeven YM @ 10570.00 [10:42] 10576.00 makes me profitable...10580.00 is the target for my pt1. [10:43] 0,2 Exited 1/2 YM Long @ 10580.00 --> + 10 [10:43] 0,6 exit stop raised YM @ 10571.00 [10:44] Thinking to short ES again at 1191.50 [10:44] * NihabdaAshi is now known as NihabaAshi [10:45] 0,6 exit stop raised YM @ 10572.00 [10:45] Perhaps will wait see if it fails at 1192 [10:46] 0,6 exit stop raised YM @ 10573.00 [10:50] 0,2 Trailing Stop Hit YM @ 10573.00 --> + 3 [10:50] First YM trade of the month...should be ok with YM for the remainder of the month. [10:51] Meant...2nd. [10:51] 1st ones are always the toughest ones for me. [10:51] :( [10:54] Triple bottom in ES [10:55] 0,3 Long ES @ 1189.25 [10:55] 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. [10:56] ES broke down b4 NQ? Hmmm. [10:57] 0,6 exit stop lowered ES @ 1191.75 4,0 ŤŤ paper ťť [11:00] 0,3 Long ES @ 1188.25 -> Add [11:00] Hey, is kickoff at 6 or 6:30 on Sunday? [11:02] 0,3 Long YM @ 10555.00 -> large size [11:03] 0,3 Long ES @ 1187.75 [11:03] Great, three greens. We're dead. [11:05] 0,4 Shorts YM @ 10556 -> Swing / Position Trade [11:05] * Flash_away is now known as Flashtrade [11:06] :( [11:08] 4 Shorts YM @10557 [11:08] 0,2 Exited all ES Long @ 1188.25 --> + 0.5 [11:08] I gave in and joined the quarter sellers :( [11:09] 0,2 Exited all YM Long @ 10555.00 --> 0 [11:09] Geeesh...that took forever :( [11:09] TICK faked me out with a red bar on the one minute chart, Rats, [11:10] Oh well, I woulda bailed here anyway [11:10] Niha what time is the dax open to? Im watching it looks like US Indexes Tick by Tick [11:11] 0,2 Exited 2/3 YM Long @ 10558.00 --> + 3 [11:11] szu...2pm est [11:12] thanx. [11:13] 0,6 exit stop raised YM @ 10556.00 [11:13] My position trade is a trade that is taken once a day, if it sets up. It looks to catch the "overall" days trend. It closes at 4pm. [11:14] It is not for the faint at heart. January had 20 losses and 8 wins. However, it came out with 170 YM points positive. [11:15] 0,2 Trailing Stop Hit YM @ 10556.00 --> + 1 [11:15] 0,3 Long ES @ 1187.50 -> Add [11:15] Wasn't meant to be. [11:15] oops, that's 20 total trades and 8 of them were wins. [11:15] sounds like a system trade strategy [11:15] it is les [11:16] my es entry is similar... short @ 1189 [11:16] also stays in mkt till 4pm, unless stopped out [11:16] is that the breakout system that you mentioned yesterday ? [11:17] dont rtemeber mention that yesterday [11:17] remember mentioning, even [11:17] its a breakout and reversal system [11:18] gives signals for both conditions [11:18] do you have a signal for today ? [11:19] yes - for b/out on es, short [11:19] @1198 [11:19] 1189 [11:19] great we'll ride this one together [11:19] posted that entry earlier [11:19] i'm working on trying to apply the method to the other eminis [11:20] the entry criteria are very straightforward, mathematically derived... [11:20] its the stoploss level thats the real bitch [11:20] havta backtest for that [11:21] is the stop based on math too ? [11:21] no [11:21] just have to research the best level to place it [11:21] on es its 4 points [11:21] so thats a guide [11:21] its trailed at 4 points, i should say [11:22] I see [11:22] which reminds me... [11:22] 0,6 exit stop lowered ES @ 1191.5 4,0 ŤŤ paper ťť [11:22] a 4 point trailing stop would definately catch a STRONG trend day [11:23] oh yes :) [11:23] which is why u have to figure the validity of this method over quite a long period [11:23] 0,2 Exited all ES Long @ 1188.50 --> + 0.25 [11:24] right now i'm sim trading it after a long break of not using it at all [11:24] yes, les I know what you mean. my position system with YM is good for yearly returns. Not daily or even monthly at times. [11:24] for example....... [11:25] A lot of effort today and very little points to show for it...not efficient trading :( [11:25] usually like that with non-discretionary methods [11:25] Something wrong with the script arithmetic. That is 4 contracts, at 3/8ths of a point. [11:25] I've also missed one strong trade signal... [11:26] September 04 was -93 and August 04 was +427 [11:26] On that note...I'm taking a mental break...be back in about an hour. [11:26] * NihabaAshi is now known as NihabaAshi_away [11:27] i've backtested and sim traded this for december and Jan so far... [11:27] Dec yielded +.50 [11:27] Jan gave +49.5 points [11:27] wow [11:28] the 2 weeks before xmas killed the profits made before that in december - bout 17 points [11:29] i just looked at my YM for comparison and December was weak and January was moderate. [11:29] how bout 1st half of Dec? [11:29] i think xmas sees a slowdown, so doesnt give a proper reflection [11:29] -121 through Dec 15 [11:30] my +17 was up to dec 12th [11:30] +137 Dec 16 to end [11:30] failed from 13th onwards [11:30] how bout that :) [11:30] :} [11:31] this is why trading systems can be so difficult for some traders. what if you start trading with minimal capital and your first month is net negative. [11:32] answer: [11:32] dont trade [11:32] unless you totally believe in the system and trade with total discipline, you know the rest [11:32] 0,2 Exited all YM Long @ 10563 --> - 10 [11:32] huh? [11:33] 0,3 Long YM @ 10563 [11:34] 0,4 Shorts ES @ 1187.75 4,0 ŤŤ paper ťť [11:34] les, what do you have for the first 2 days of Feb. ? [11:37] 0,3 Long YM @ 10563 4,0 ŤŤ Scalp ťť [11:37] system crashed [11:38] les you're lesC now ? I still see les here too. [11:38] thats cos of the crash [11:39] mirc has an alternative nick to use when that happens [11:39] in a few minutes it''l remover the "les" nick [11:39] then i'll change LesC back to les [11:40] did the first two days of Feb give you signals for the system ? [11:40] 1st feb, yes, yesterday, no signal [11:41] u? [11:41] 0,2 Exited YM Long @ 10565 --> + 2 4,0 ŤŤ Scalp ťť [11:41] k guys c u all later....thks [11:41] yesterday a long that produced 32 points and.... [11:42] * LesC is now known as les [11:42] on the first I missed the entire uptrend because one point, one tick stopped me out before reversing and trending for the day. [11:42] oh well, that's system trading [11:43] i took that ride when ym started trending yesterday... but was not a system trade [11:43] early around 10 ? [11:43] my system requires entry before 12:30 est, esle no trade [11:44] no... my ym trade entry was later [11:44] round 2:30pm [11:45] my main weapon is reversal trades so together with the breakout system it makes a nice balance [11:52] plan to be back later [11:58] 0,2 Exited all YM Long @ 10563 --> 0 [11:58] 0,4 Shorts YM @ 10561 [12:04] 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. [12:05] 0,2 Covered all YM Short @ 10566 --> - 5 [12:05] 0,3 Long YM @ 10566 [12:11] hello everyone [12:13] 0,2 Exited all YM Long @ 10559 --> - 7 [12:13] * les is now known as lesAway [12:13] 0,4 Shorts YM @ 10559 [12:51] * NihabaAshi_away is now known as NihabaAshi [12:59] 0,3 Long ES @ 87 [13:01] 0,3 Long ES @ 1186.75 [13:13] 0,2 Exited all ES Long @ 1187 --> + 0.25 [13:16] 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. [13:30] 0,2 Covered all YM Short @ 10561 --> - 2 [13:30] 0,3 Long YM @ 10564 [13:32] 0,4 Shorts ES @ 88.25 [13:32] 0,6 exit stop lowered YM @ 1189.75 4,0 ŤŤ paper ťť [13:33] 0,4 Shorts YM @ 10566 4,0 ŤŤ Scalp ťť [13:33] wrong [13:33] that systme crash of mine screwed things up, so will repost this entry [13:33] 0,6 exit stop set YM @ 10585 [13:33] 0,4 Shorts ES @ 1189 4,0 ŤŤ paper ťť [13:34] * Flashtrade is now known as flash_away [13:34] 0,6 exit stop lowered ES @ 1189.75 4,0 ŤŤ paper ťť [13:35] hey les, is that a paper fill? [13:35] 0,2 Covered YM Short @ 10563 --> + 3 4,0 ŤŤ Scalp ťť [13:35] post lunch warm up [13:36] paid for lunch... [13:36] yep [13:38] scalp those ticks TLT [13:38] 0,2 Exited ES Long @ 88.75 --> + 1.75 [13:39] 0,4 Shorts ES @ 88.75 -> Add [13:40] 0,4 Shorts ES @ 88.75 [13:45] 0,2 Covered 1/2 ES Short @ 88.0 --> + 0.75 [13:49] 89 needs to blow for Longs [13:49] yep thats the resistence now [13:55] emini has to be lots of Stops above that 89 [13:55] mine is 2 ticks [13:56] could be a fade too [13:58] well..i dont see much selling either. could easily go UP [13:58] we never know lets wait it out [13:59] 89.25 could start a frenzy [14:00] FRENZY ! [14:00] There she Blows [14:00] 0,2 Covered all ES Short @ 89.50 --> - 2 [14:02] thats incorrect average -1 [14:04] I had same problem earlier. Averaging not working [14:06] as long as our trading a/c are fine :) [14:06] Yes, but don't want to mislead everyone else [14:07] well ur trading for urself dont bother too much about us us not important [14:08] 1 TICK from being stopped out on my position trade on YM. [14:08] :) [14:09] [11:05] Shorts YM @ 10556 -> Swing / Position Trade [14:09] For a while your Swing looked good. [14:10] yep, my stop is at 10585 [14:10] 0,2 stop hit ES @ 1189.75 --> - 0.75 4,0 ŤŤ paper ťť [14:11] * flash_away is now known as Flashtrade [14:11] 0,2 Exited all YM Long @ 10576 --> + 12 [14:15] 0,4 Shorts YM @ 10573 [14:16] 0,4 Shorts YM @ 10573 [14:16] 0,4 Shorts ES @ 89.50 [14:16] szu think its a fade:) [14:17] 4 RED ALERT4 [14:17] 0,6 buy limit to enter long YM @ 10567 [14:17] me think we hit Stops above 89, some Buers jumped in, cant take higher, we go back down [14:18] TLT, how about 66, that's where my current target is ? [14:20] im jumpn in front of ya :) [14:20] 0,3 Long ES @ 89 -> small size [14:24] 0,6 cancelled all open limit orders [14:24] if it goes down now i'll get a sell signal [14:25] good [14:26] funny thing though, sometimes the market ignors my signals...go figure [14:26] yeah, I don't know why the market is moody like that [14:28] 0,2 Exited all ES Long @ 89 --> 0 [14:28] 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. [14:30] 0,2 Covered ES Short @ 88.75 --> + 0.75 [14:32] 0,4 Shorts YM @ 10567.00 -> large size [14:32] 0,2 Covered all YM Short @ 10566 --> + 7 [14:33] * Flashtrade is now known as Flash_away [14:40] Lucky trade for me...very lucky. [14:41] 0,2 Covered all YM Short @ 10565.00 --> + 2 [14:41] I'm done for the day...last trade was a big time trade error and I'm just not mentally in the game today. [14:41] * NihabaAshi is now known as NihabaAshi_away [14:44] 0,2 Covered all YM Short @ 10568 --> + 5 [14:45] 0,3 Long YM @ 10571 [14:45] this one doesn't feel good, but a signal is there. [14:47] * Flash_away is now known as Flashtrade [14:47] Flah im leaving this market alone right now. This is No Mans Land [14:48] yep [14:48] 0,2 Exited all YM Long @ 10576 --> + 5 [14:50] any TRIN users here ? [14:53] No trades today for me. Cya all tomorrow. [15:00] * WannaBeATrader is now known as WBAT-afk [15:01] * Flashtrade is now known as Flash_pickkids [15:02] 0,4 Shorts YM @ 10563 [15:09] any big name earnings after the close today? [15:14] i dont monitor that stuff, sorry [15:14] i don't either, thought maybe someone else might [15:26] * Flash_pickkids is now known as Flashtrade [15:29] 0,2 Covered all YM Short @ 10578 --> - 15 [15:30] is this thing going to pick off my YM stop at 10585 [15:31] 0,3 Long YM @ 10578 [15:31] Oh you're going to pick me off szu ? [15:31] Im a Tiny micro-organism in this market, i dont count [15:32] lol [15:33] above 10580 i think it cud do 10600 [15:33] 0,2 Exited all YM Long @ 10585 --> + 14 [15:34] hmmm, that's not right [15:35] how do you tell the script that the exit is from the posistion trade ? [15:35] should be -29 [15:38] Position system for February is -23. Year to date is +147 [15:40] 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. [15:48] Did an ER trade today - seems to be better for me than ES (base don a huge, super-signifcant sample of 1 afternoon). [15:50] 0,4 Shorts ER2 @ 629.5 4,0 ŤŤ paper ťť [15:51] 0,2 Covered all ER2 Short @ 629.2 --> + 0.3 4,0 ŤŤ paper ťť [15:51] Moves tooo fast to post real trads. [15:52] FFT hope you not scalping ER for 2-3 ticks like ES. Sooner or later ER will make you pay the Piper. [15:53] Naw, that was a missed exit cuz it was so fast [15:53] ER volume has really increased over the past year. [15:53] If you a newbie, i would stay away from it. Look at this weeks Spikes [15:54] Been watcing it since fall, but lately ES has really petered out for me. [15:55] I tested a breakout system on ER and the trend days were awesome, but there were too many days that it poked through stops. [15:55] :) [15:55] Seems liek ES has dampers on it, too many traders waiting at the ends, gotta fight fer ticks. [15:56] Now watch ES run for 20 points, lol [15:58] AD lines are going up nicely [15:59] Again, Russell leading other indexes [16:00] 0,4 Shorts ER2 @ 630.1 4,0 ŤŤ paper ťť [16:02] 0,2 Exited all YM Long @ 10588 --> + 10 [16:03] 0,2 Covered all ER2 Short @ 6310.1 --> - 5680 4,0 ŤŤ paper ťť [16:03] 0,2 Covered all ER2 Short @ 630.1 --> 0 4,0 ŤŤ paper ťť [16:03] :) [16:05] LOL IB says " Private Sub ConnectYM_Click(ByVal sender As System.Object, ByVal e As System.EventArgs) Handles ConnectYM.Click [16:05] AxTws1.connect("", 7496, 320) [16:05] Symbol = "YM" [16:05] ticks = 1 [16:05] Disconnect.Enabled = True [16:05] ConnectES.Enabled = False [16:05] ConnectNQ.Enabled = False [16:05] ConnectYM.Enabled = False [16:05] ConnectER2.Enabled = False [16:05] Exchange = "ECBOT" [16:05] NeedsInit = True [16:05] End Sub [16:05] Private Sub ConnectER2_Click(ByVal sender As System.Object, ByVal e As System.EventArgs) Handles ConnectER2.Click [16:05] AxTws1.connect("", 7496, 420) [16:05] Symbol = "ER2" [16:05] ticks = 0.1 [16:05] Disconnect.Enabled = True [16:05] ConnectES.Enabled = False [16:05] ConnectNQ.Enabled = False [16:06] ConnectYM.Enabled = False [16:06] ConnectER2.Enabled = False [16:06] Exchange = "GLOBEX" [16:06] NeedsInit = True [16:06] End Sub [16:06] Whoops [16:06] IB says "The Amex has halted equity trading due to problems at the exchange" [16:06] That previous thing was code from my program that I adapted to trade ER2 today. [16:15] Cya all tomorrow [16:27] * Disconnected Session Close: Thu Feb 03 16:27:47 2005