Session Start: Thu Feb 10 08:29:46 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 [09:23] gm all [09:24] gm PJ [09:24] gm [09:32] Curious how ER is selling off, while nothing else is [09:32] 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. [09:35] 0,4 Shorts ES @ 1196 4,0 ŤŤ paper ťť [09:35] Not paper [09:38] 0,4 Shorts YM @ 10693 [09:39] 0,4 Shorts YM @ 10692 [09:40] 0,2 Covered all YM Short @ 10693 --> 0 [09:40] 0,2 Covered all ES Short @ 1195.75 --> + 0.25 [09:41] Dang quarter buyers [09:41] 0,4 Shorts ES @ 1195.5 4,0 ŤŤ paper ťť [09:42] 0,4 Shorts YM @ 10690 [09:44] 4 RED ALERT4 [09:48] Looks like plenty of buying on the quarter bid [09:48] on ES [09:51] 0,3 Long ES @ 1195.50 [09:51] 0,2 Covered all YM Short @ 10695 --> - 5 [09:54] 0,2 Covered all ES Short @ 1195.0 --> + 0.5 4,0 ŤŤ paper ťť [09:55] 0,2 Exited all ES Long @ 1195.25 --> - 0.25 [09:55] 0,4 Shorts YM @ 10691 [09:57] 0,2 Covered all YM Short @ 10690 --> + 2 [10:01] 0,2 Covered all YM Short @ 10699 --> - 8 [10:02] 0,3 Long YM @ 10700 [10:02] 0,3 Long ER2 @ 627.00 -> small size [10:02] 0,3 Long YM @ 10705 -> Swing / Position Trade [10:02] holding until close. Stop is current low of day. [10:03] 0,2 Exited 1/2 YM Long @ 10711 --> + 11 [10:03] 0,2 Exited all ER2 Long @ 637.30 --> + 10.3 [10:03] Ooops... [10:03] 0,2 Exited all ER2 Long @ 627.30 --> + 0.3 [10:04] 0,6 exit stop moved to breakeven YM @ 10701 [10:04] I had to dump that via the fact I enter the trade via a signal I thought was there but it wasn't. [10:04] Therefore...that +0.30 gets documented as a lucky trade :) [10:06] 0,4 Shorts ES @ 1197 [10:12] %#@$% quarter buyers [10:12] but i'm sure they're nice people at heart, fft [10:13] I'm not ;) [10:13] no they are... [10:13] 0,3 Long ER2 @ 626.70 -> large size [10:13] they just see u coming and think u doing them a favour [10:14] 0,4 Shorts ES @ 1197 4,0 ŤŤ paper ťť [10:15] 0,3 Long ES @ 95.50 -> small size [10:15] 0,2 Covered all ES Short @ 1195 --> + 2 4,0 ŤŤ paper ťť [10:17] 0,6 exit stop moved to breakeven ER2 @ 626.70 [10:17] 0,2 Exited 1/3 ES Long @ 96.50 --> + 1 [10:19] 0,2 Exited 1/3 ER2 Long @ 627.30 --> + 0.6 [10:19] 0,2 Covered all ES Short @ 1196.75 --> + 0.25 [10:19] :( [10:20] 0,2 Trailing Stop Hit ER2 @ 626.70 --> 0 [10:20] 0,3 Long ES @ 1196.25 4,0 ŤŤ paper ťť [10:21] ES or YM would have been better choices for LONGS today. ER,NQ are weak TODAY. [10:21] big time [10:22] 0,2 Exited Remainder ES Long @ 95.50 --> 0 [10:22] 0,4 Shorts YM @ 10711 [10:22] 0,2 Exited all ES Long @ 1195.50 --> - 0.75 4,0 ŤŤ paper ťť [10:23] 0,4 Shorts YM @ 10712 [10:27] 0,3 Long YM @ 10716.00 -> large size [10:31] 0,6 exit stop set YM @ 10709.00 [10:32] 0,4 Shorts ES @ 1195.25 [10:33] 0,2 Exited YM Long @ 10709.00 --> - 7 [10:33] 0,4 Reverse and Enter Short YM @ 10709.00 [10:33] 0,2 Exited all YM Long @ 10709 --> + 9 [10:33] Niha, is that a Shooting Star 15min YM? [10:34] 10:30 Candle [10:34] k guys need to reboot back in a bit [10:35] 0,4 Shorts YM @ 10715.00 -> Add [10:36] szu, you made Niha add by pointing that out [10:37] :} [10:37] lol! [10:39] 0,2 Covered all YM Short @ 10709 --> + 3 [10:39] 0,4 Shorts ES @ 95 [10:41] 0,2 Covered 1/3 YM Short @ 10708.00 --> + 7 [10:41] :( [10:41] 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. [10:43] back [10:43] break 10705 damn it [10:44] Flash...that's what I want also...that 10705 level to give way with some downward momentum. [10:44] 0,3 Long ES @ 94.75 [10:44] 0,3 Long ES @ 1195 [10:45] I knew I should have stuck with ER2 :( [10:46] 0,3 Long YM @ 10704 [10:47] 0,3 Long ES @ 1194 -> Add [10:47] 0,2 Exited all ES Long @ 93.75 --> - 1 [10:47] 0,2 Covered all YM Short @ 10698 --> + 13 [10:47] 0,2 Covered 1/3 YM Short @ 10698.00 --> + 11 [10:47] Nice Niha [10:48] [10:36] szu, you made Niha add by pointing that out [10:48] Bingo [10:48] lol [10:48] Thanks szu...I didn't even see it until you said saomething. [10:49] Reason why I didn't see it is because my YM is via CBOT info... [10:49] heheh..i feel weird poitning that out to you since you wrote the book on candlesticks :) [10:50] 3min and 15min charts don't line up the same with other data vendor charts. [10:50] 0,3 Long ES @ 1193.50 -> Add [10:50] Thus, I kind'uv have to guess a little :( on what others may see in comparison to the CBOT charts. [10:51] you mean you have the real time chart direct from the CBOT Website [10:53] No...I'm using a data vendor that doesn't ALTER the times on its CBOT data unlike others like eSignal, Sierra and such. [10:53] 0,2 Covered ES Short @ 93.75 --> + 1.25 [10:53] eSignal wants it to correlate so that it lines up with CME data times...reason why they alter the opening and closing times of its CBOT data (like YM). [10:54] 0,6 exit stop set YM @ 10709.00 [10:55] does anyone know if their broker let's you trade futures in a Roth IRA ? [10:56] 0,3 Long ES @ 93.50 [10:56] their = yours [10:56] 0,6 exit stop lowered YM @ 10708.00 [10:58] 0,2 Covered Remainder YM Short @ 10704.00 --> + 5 [10:59] 0,2 Exited all YM Long @ 10705 --> + 1 [10:59] The Chart on IB that's not supposed to alter the times show clearly the shooting star ??? [11:00] exactly at 10h30 [11:01] You can easily tell if your YM CBOT chart times are alter via the following... [11:02] 0,2 Exited 1/3 ES Long @ 94 --> + 0.5 [11:03] Via the 15min chart...the interval that closes at 0815am est... [11:03] Will be followed by the next interval that closes at 0830am est... [11:03] ok [11:03] If you see that...your data vendor is changing CBOT times :( [11:04] CBOT time will show the following via its 15min chart interval... [11:04] that's the case ! [11:04] 0815am then 0820am est [11:04] 0,2 Exited Remainder ES Long @ 93.50 --> 0 [11:04] That 5min difference is the CBOT changing over or Opening. [11:05] ok [11:05] Further in the time...CBOT has 0920am, 0935am, 0950am est as its 15min interval [11:05] connection woes....:( [11:06] Whereas most data vendors will change those interval times to compute different intervals to show 0930am, 0945am and so on. [11:07] it's what I have with my charts ! so I am not CBOT ! [11:08] no one biting at the L? [11:09] mispe...I work around the issue via using intervals like 1min, 2min and 5min chart intervals... [11:09] Then to see that 15min interval like szubaark... [11:10] I have to put on my "thinking cap" and blend together in my head a group of 5min charts to "visualize" that 15min interval he saw that Shooting Star. [11:10] I'm use to doing it so its really not a big deal for me...candlestick blending. [11:11] On my Qcharts they have the CBOT time according to your parameters ! [11:12] ER2 has not gotten up through its 5m 20 period moving average since yesterday [11:12] Yes...one of the reasons why I keep QCharts as a backup. [11:12] 0,3 Long ES @ 93.25 [11:12] Glad to see another believer [11:12] Fine I learn something more ! [11:13] coin toss [11:13] and tight stop [11:13] Reason why I wish there was only ONE data provider in the entire world with cheap fees :) [11:13] Yes, but it seems to have got some traction here, and there looks to be support at around 1192 [11:14] Trading via candlesticks will be much easier. [11:14] not too sure its retesting way too many times [11:14] 0,4 Shorts YM @ 10700 [11:14] 0,2 Covered all ES Short @ 1193 --> + 2.25 [11:14] there we go again [11:14] Man that fill took freaken forever [11:15] 0,2 Exited all ES Long @ 92.75 --> - 0.5 [11:17] 0,3 Long ES @ 92.50 [11:20] 0,2 Covered 1/2 YM Short @ 10691 --> + 9 [11:21] 0,6 exit stop moved to breakeven YM @ 10700 [11:22] 0,2 Covered all YM Short @ 10699 --> + 1 [11:26] 0,3 Long YM @ 10696.00 -> small size [11:28] 0,6 exit stop moved to breakeven YM @ 10696.00 [11:28] 0,3 Long YM @ 10701 [11:28] Going to lunch and leaving this alone... [11:29] Hopefully it can turn into a position trade and last till the close (my goal for this trade). [11:29] Bea back in an hour or so and will post a late trade result if my breakven stop is hit while I'm gone. [11:29] * NihabaAshi is now known as NihabaAshi_lunch [11:31] 0,3 Buys ES @ 1193.5 4,0 ŤŤ paper ťť [11:34] 0,4 Shorts ES @ 93.75 [11:46] 0,2 Exited ES Long @ 94 --> + 1.5 [11:47] test [11:50] 0,2 Exited all YM Long @ 10709 --> + 8 [11:51] 0,2 Exited 1/3 Long ES at 1194.75 --> + 1.25 4,0 ŤŤ paper ťť [11:51] 0,4 Shorts ES @ 94.75 -> Add [11:52] 0,6 exit stop moved to breakeven ES @ 1193.5 4,0 ŤŤ paper ťť [11:52] 0,2 Exited all ES Long @ 1194.75 --> + 1 [11:53] 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. [12:08] 0,2 Exited remainder Long ES at 1194 --> + 0.5 4,0 ŤŤ paper ťť [12:09] * les is now known as lesAway [12:12] 0,2 Covered 1/2 ES Short @ 93.75 --> + 1 [12:23] 0,2 Covered all ES Short @ 94.75 --> - 1 [12:25] square64 u holding any or clean ? [12:26] ok see ur earlier post [12:57] going to lunch [12:58] * Flashtrade is now known as Flash_lunch [13:05] 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. [13:27] wow, are the 2 pm'ers clock 1/2 hour off [13:30] should have reset my time for today [13:33] 0,4 Shorts ES @ 1197 [13:35] lot's of stops taken out to feed that upside surge. [13:35] was there news ? [13:36] treasury budget @ 2 [13:37] hi all [13:40] Niha's position is sitting nicely, currently. [13:40] yes. [13:48] 0,4 Shorts YM @ 10735 [13:48] * NihabaAshi_lunch is now known as NihabaAshi [13:49] I needed some help from the 2pm Treasury Budget "anticipation" and got it...not sure if it will hold. [13:53] 0,2 Covered all YM Short @ 10734 --> + 1 [13:54] I hate holding trades during afternoons... they just dont go anywhere [13:55] 0,4 Shorts YM @ 10739 [13:56] I'm trying to get better at exploiting certain key economic reports so that I can at least hold something the duration of the trading day at least 1 to 3x per month for nice profits. [13:57] Treasury Budget is released only once per month I think...I figure its something to pay attention to it especially with the market having a consistent strong reaction to it. [13:58] 0,2 Exited 2/3 YM Long @ 10747.00 --> + 51 [13:58] Frikin really nice Niha! [13:58] way to go niha........ [13:59] Holding 1 contract as an overnighter...converting it from a day trade to a position trade and now to a swing trade. [13:59] 0,4 Shorts YM @ 10748 [14:00] 0,6 exit stop raised YM @ 10712.00 [14:01] 0,4 Shorts ES @ 98.50 [14:01] 0,4 Shorts ES @ 1198.25 -> Add [14:05] 0,2 Covered 1/3 ES Short @ 98 --> + 0.5 [14:07] * Flash_lunch is now known as Flashtrade [14:08] 0,2 Covered 1/3 ES Short @ 97.25 --> + 1.25 [14:08] 0,2 Covered 1/2 YM Short @ 10741 --> + 7 [14:09] 0,6 exit stop moved to breakeven YM @ 10748 [14:15] 0,2 Covered all YM Short @ 10748 --> 0 [14:17] 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. [14:19] 0,2 Covered Remainder ES Short @ 97.50 --> + 1 [14:20] 0,4 Shorts ER2 @ 627.9 [14:22] I do believe these bastids might have another wave up in em still :( I'm done for the day. [14:22] i,m looking for a test of the high [14:23] Looking pretty possible to me [14:23] never know [14:25] but yes looking possible [14:27] 0,2 Covered all ER2 Short @ 627.9 --> 0 [14:28] anythings possible :) [14:33] 0,2 Covered all ES Short @ 1197.50 --> + 0.25 [14:34] Practically on VWMA, and an hour is a long time to make 1 tick. Didn't feel good. [14:35] u dont have to justfify ur call square64 :) [14:35] VWMA ? [14:35] volume weighted moving average. [14:36] I use it for exits [14:36] k thx [14:36] Particularly when there appears to be no momentum [14:38] Spoke too soon [14:39] 0,3 Long ES @ 96.25 [14:42] Done for the day! [14:43] they're a fickle bunch aren't they [14:47] 0,3 Long ES @ 95.50 -> Add [14:47] late post had to go to the loo [14:49] 0,2 Exited 1/3 ES Long @ 96.75 --> + 1.25 [14:52] 0,2 Exited 1/3 ES Long @ 98 --> + 1.75 [14:56] nice emini.. u tough guy for taking that Long here. [14:57] still holding long YM from 10705 and will once again hold until close. be back in a bit. [14:57] was a good set up @ 50% and 40 % retracement i still think its going to teast the high [14:57] * Flashtrade is now known as Flash_pickkids [14:58] 0,3 Long ES @ 97.50 -> Add [15:08] 0,2 Exited 1/2 ES Long @ 98.25 --> + 0.75 [15:10] 0,2 Exited Remainder ES Long @ 97.50 --> + 1.25 [15:11] done for the day [15:13] lot's of toppy tails on 5m chart of ES and YM [15:13] * Flash_pickkids is now known as Flashtrade [15:22] patienc patience patience ... w/o this i wonder if i can make it ???? [15:23] Flash, u would think since sellers are coming in we could retrace but no [15:23] emini..i have the same problem. Feel like i have to trade every frikin candle! [15:23] 0,4 Shorts YM @ 10750 [15:24] and this was had a high probability of hitting my target i bailed out too soon [15:24] hey szu want in on some pysh classes :) [15:25] meant pysche [15:25] 0,4 Shorts ER2 @ 10748 [15:25] hope we do retrace Szu. [15:26] oops need to change that contract [15:26] 0,2 Covered all ER2 Short @ 10748 --> 0 [15:27] 0,4 Shorts YM @ 10749 [15:29] 0,2 Covered all YM Short @ 10764 --> - 15 [15:29] that's great [15:29] 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. [15:31] Flash u walked right into it :( [15:31] sure did. I ran. [15:32] Cant believe Niha still long from 10696!! [15:35] I may walk into it once again. [15:36] Flashtrade...you still have your position trade on from this morning? [15:36] yes [15:36] nice move [15:36] so far so good [15:39] 0,4 Shorts YM @ 10754 [15:40] Flashtrade...I presume you have more than 1 account to do the shorter term YM trades? [15:40] yes, the daily position trades are in an IRA account. [15:41] I see [15:42] I like that big RED 5m candle on YM. but I also like those top tails earlier. We'll see. [15:44] 0,2 Covered all YM Short @ 10749 --> + 1 [15:44] 1 tick and another ulcer [15:44] lol [15:45] my ulcers are adding up faster than the tics [15:46] cuz it's so late in the day I'm going to play this short real close with a stop [15:46] Dell after the close? [15:46] target is 10744 [15:47] if we could do a quick dip [15:50] you've got to be kidding [15:51] 0,2 Covered all YM Short @ 10752 --> + 2 [15:51] 1 tick from target [16:00] Position trade closed @ 10751 +46 [16:00] nicely done flash [16:00] thanks.... [16:01] this brings monthly to +160 and YTD +330 [16:01] good work Flash [16:02] the best thing about this system is that there are only about 20 trades a month so low commission [16:06] Flash i feel money to be made in Position trading anyway. [16:06] what's that szu ? [16:06] you like position trading ? [16:07] You have a good position trading system thats good because thats where really the money is being made, not daytrading, fighting for every tick with the frikin floor [16:08] Oh I see. [16:09] the position system that I trade is not profitable every month though. [16:10] if ya have a lot of money it can make a lot of money yearly. [16:11] you need about 4k per YM contract [16:12] it will make 1000 to 3000 YM points per year [16:12] not asking for any secrets but i think u said it was mathematical somehow or another? [16:13] it just identifies certain congestion areas and then if price goes above this area your long for the day....... [16:13] below this area your short for the day [16:14] relatively simple then, i think most of the better systems are.... [16:14] its funny because it just kind of came to me one day.......... [16:14] and....... [16:15] i am a reversal trader but have wanted something that goes with the trend and....... [16:15] i started backtesting with the system as it is now...... [16:15] then tried adding trailing stops... [16:15] two entries a day........ [16:16] etc, ect. [16:16] but came back to the original basic idea........ [16:16] and it is the best one. [16:17] ur first gut feeling or instinct often is.... [16:17] i got a 45 min commute waiting on me, better get started [16:17] people who are over analytical usually have problems with trading unless they can overcome this. [16:17] see ya TLT [16:18] cya guys [16:41] 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. [16:59] 0,2 Covered all YM Short @ 10473 --> + 266 [16:59] sorry ... wrong number [16:59] lost 5 ticks on that trade. [17:50] 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. [19:02] 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. [20:11] 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. [21:23] 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. [21:44] * Disconnected Session Close: Thu Feb 10 21:44:45 2005