Session Start: Fri Feb 11 09:31:10 2005 Session Ident: #FuturesTrades [09:31] * Now talking in #FuturesTrades [09:31] [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab [09:31] morn all [09:31] GM all. [09:32] gm [09:36] * lesAway is now known as les [09:38] 0,2 Exited Remainder YM Long @ 10738.00 --> + 42 [09:39] nice niha [09:39] Lookit ER sell off, but no so much ES [09:39] Wow, nice trade Nihaba [09:40] that's the one from around 11:25 yesterday Niha ? [09:40] Well...not really...I picked the worst time to do an overnight hold...should have dumped that remainder up around the 10760 area yesterday knowing what I know about today. [09:41] No key economic reports today :( to encourage a creep up in prices into this morning opening. [09:47] 0,4 Shorts ES @ 1195.50 -> large size [09:48] 0,3 Long ES @ 1195 [09:49] :( [09:50] Normally I would have gone to breakven when it tested 1194.50 [09:50] 0,2 Exited all ES Long @ 1195.25 --> + 0.25 [09:50] But I want to give it a little breathing room. [09:52] 0,2 Covered all ES Short @ 1195.50 --> 0 [09:53] :( [09:53] Dang, got shook [09:53] 0,3 Long ES @ 96.25 [09:53] correction [09:53] 0,3 Long ES @ 95.25 [09:54] 0,3 Long YM @ 10730 [09:56] 0,3 Long YM @ 10735 [09:56] 0,3 Long NQ @ 1504.5 4,0 ŤŤ paper ťť [09:56] 0,4 Shorts ES @ 96.25 [09:56] 0,2 Exited ES Long @ 96.25 --> + 1 [09:59] 0,2 Exited all YM Long @ 10721 --> - 14 [09:59] 0,2 Exited all NQ Long @ 1504 --> - 0.5 4,0 ŤŤ paper ťť [09:59] 0,2 Exited all YM Long @ 10721 --> - 9 [10:00] 0,2 Covered 1/3 ES Short @ 95.25 --> + 1 [10:00] 0,4 Shorts YM @ 10721 [10:00] TOugh day for longs so far, wonder if that is some small bit of evidence for a trend morning [10:00] Very tricky spot here... [10:01] 0,3 Long YM @ 10721 4,0 ŤŤ Scalp ťť [10:02] 0,2 Exited YM Long @ 10725 --> + 4 4,0 ŤŤ Scalp ťť [10:02] 0,3 Long ES @ 95.50 [10:03] 0,2 Exited ES Long @ 95.75 --> + 0.25 [10:04] Today's Market Action brought to you by Mulligan's Stew - "We gotta little of everything!" [10:04] 0,4 Shorts YM @ 10716 -> Swing / Position Trade [10:06] 0,2 Covered 1/3 ES Short @ 94.25 --> + 2 [10:06] nice trader [10:06] thx [10:08] 0,3 Long YM @ 10713.00 -> small size [10:08] 0,2 Covered 1/2 YM Short @ 10713 --> + 8 [10:09] 0,6 exit stop moved to breakeven YM @ 10721 [10:09] 0,2 Exited all YM Long @ 10714.00 --> + 1 [10:12] 0,2 Covered Remainder ES Short @ 94.25 --> + 2 [10:13] 0,3 Long YM @ 10712 [10:13] nice emini [10:13] thx szu [10:14] 0,3 Long ES @ 1194 [10:14] 0,3 Long ES @ 1194.25 4,0 ŤŤ paper ťť [10:14] 0,3 Long ES @ 94.25 [10:14] 0,3 Long YM @ 10712 4,0 ŤŤ paper ťť [10:15] 0,2 Exited ES Long @ 94.50 --> + 0.25 [10:15] 3 GREEN ALERT3 [10:17] 0,2 Exited all YM Long @ 10717 --> + 5 4,0 ŤŤ paper ťť [10:18] COme on Quarter buyers. [10:18] 0,2 Covered all YM Short @ 10720 --> + 1 [10:18] come on any buyers [10:18] 0,4 Shorts ES @ 95.25 [10:20] 0,2 Exited all ES Long @ 1195.0 --> + 0.75 4,0 ŤŤ paper ťť [10:21] 0,6 exit stop set ES @ 97.75 [10:21] 0,4 Shorts NQ @ 1507.00 -> large size [10:21] Looking to ADD [10:22] 0,4 Shorts NQ @ 1505.50 -> small size [10:22] That's an ADD...will correct in a few minutes. [10:24] 0,4 Shorts NQ @ 1507.00 -> large size [10:24] 0,4 Shorts NQ @ 1505.50 -> Add [10:24] Corrections made. [10:25] 0,2 Exited all ES Long @ 1195.25 --> + 1.25 [10:25] Hopefully I can hold this position all day into the close. [10:25] *now* the quarter buyers take a stand :P [10:26] c'mon YM, catch up to your buddies [10:26] Can someone be so kind as to tell at what price ES opened at the 9:30-9:35 bar? [10:26] EST [10:26] 0,4 Shorts ES @ 95.50 [10:26] 96.50 [10:26] Thank JP [10:26] 0,4 Shorts YM @ 10720 [10:27] Yeah, I got 96.5 as well [10:27] 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. [10:27] My Ensign Windows using IB isn't refreshing the ES data correctly today. [10:27] Esignal has 1196.75 [10:27] I wouldn't use IB for charting data. [10:27] me neither [10:28] It does not report all trades to the API [10:28] 0,2 Covered all NQ Short @ 1512.00 --> - 11.5 [10:28] Stop hit :( [10:28] So much for a position trade...back to daytrading :( [10:28] 0,2 Exited all YM Long @ 10728 --> + 16 [10:29] 0,4 Shorts ES @ 96.50 -> Add [10:29] 0,2 Covered all YM Short @ 10730 --> - 10 [10:30] stop on YM Position trade is 10748 [10:30] FFT, yes, true about IB not sending all ticks through. I don't need that much precision, so it works for me. [10:31] I'd like to look at this IB charting, is it available through any version of TWS or is it an add on service ? [10:32] OK M618 - glad we could help ya out with the opening tick. ;) [10:32] I use too Ensign-IB it seems working fine [10:32] flash - it's standard on all the later versions [10:32] it's very basic [10:33] ema & sma and that's it [10:33] thanks [10:34] and no candlestick [10:34] Come on buyers, I'd like to get at least one short in this AM [10:34] 0,3 Long YM @ 10727 [10:35] 0,4 Shorts NQ @ 1513.00 -> large size [10:35] Short DAX @ 4376 Large size [10:38] 0,2 Covered ES Short @ 97.75 --> - 2.5 [10:38] :( [10:38] Reversed all. [10:39] Reversed DAX -1 @ 4377.00 [10:39] 0,4 Shorts ES @ 97.50 -> Add [10:39] 0,2 Covered all NQ Short @ 1515.00 --> - 2 [10:40] 0,3 Long NQ @ 1515.00 -> large size [10:41] TICK did not make higher high on 1m chart with indexes doing so [10:43] 0,4 Shorts ES @ 97 [10:45] 0,2 Covered ES Short @ 97.50 --> - 0.5 [10:47] 0,2 Exited all NQ Long @ 1518.00 --> + 3 [10:47] 0,2 Exited 1/2 YM Long @ 10737 --> + 10 [10:47] Exited all DAX @ 4379 +2 [10:48] Taking a break to see how much damage was done. [10:48] I see. You not even scaling out on this one? [10:48] 0,2 Covered all ES Short @ 98.25 --> - 3.5 [10:48] 0,6 exit stop moved to breakeven YM @ 10727 [10:48] Nope...it's call digging oneself out of a hole. [10:55] Geesh...I lost all my NQ profits for the month in today's trading so far :( [10:56] dang. [10:56] I still see down by the close...tough to find a good entry. [11:00] i smell a short [11:01] 0,3 Long ES @ 1199.00 -> large size [11:03] lol Flash [11:03] I am raising my stop on Position trade short to 10753 just above yesterdays 16:00est closing area [11:04] 0,3 Buys ES @ 1200 -> Swing / Position Trade 4,0 ŤŤ paper ťť [11:04] looks like "they" heard ya flash [11:04] yeah, they always hear me [11:05] 0,2 Exited all ES Long @ 1200.25 --> + 1.25 [11:05] 0,4 Shorts ES @ 1201 [11:06] Position trade closed for the day -38 [11:06] ouch [11:06] what stoploss do u use for that? [11:06] it's all part of the plan believe it or not [11:07] today it was above the days high, but then i moved it to above yesterdays 4pm close since it was so close [11:07] so Position trades month to date is +122 now [11:08] 0,4 Shorts ES @ 1201 [11:10] 0,2 Covered all ES Short @ 1201.5 --> - 0.5 [11:10] 0,3 Long ES @ 1523.50 -> large size [11:10] 0,2 Exited all YM Long @ 10768 --> + 41 [11:10] That's NQ [11:10] nice one szu [11:10] thx. [11:11] very nice szu [11:11] 0,4 Shorts ES @ 1202.50 -> Add [11:11] 0,2 Exited all NQ Long @ 1525.00 --> + 1.5 [11:13] Geez, did NK just announce they were just kidding about Nukes or somethin? [11:13] 0,4 Shorts ES @ 1203.50 -> Add [11:13] Geesh... [11:13] Something is up. [11:13] lol FFT [11:13] There's news and right now we are blind to it. [11:13] must be world peace or some such :) [11:14] Since that doesn't last, I am still shorting it [11:14] Bin Laden just mated with Camile Parker [11:14] That may be different.... [11:14] i bet thats not a pretty sight [11:14] 0,2 Exited 1/2 Long ES at 1202 --> + 2 4,0 ŤŤ paper ťť [11:15] Eminis now at the point where I need to let go of my bearish bias :) [11:15] 0,6 exit stop set ES @ 1200.25 4,0 ŤŤ paper ťť [11:15] 4 SHORT SQUEEZE4 [11:15] Looks like it. [11:16] Ym should see some R in the 10800 area i think [11:16] TLT...agree...that was my profit target of that overnight hold that I got "shook out of" :( [11:17] there was some support around that 10800 area back in December so could be good 'ol R now [11:18] * FFT checks to make sure all his short positions are closed [11:19] SMH still climben :( [11:22] SMH not even pausen [11:23] 7 FFT is being very wise, well after the mkts rally [11:24] 0,4 Shorts ES @ 1203.75 [11:25] 0,4 Shorts ES @ 1205 -> Add [11:25] 0,2 Covered ES Short @ 1205.25 --> - 1.5 [11:26] 0,6 exit stop raised ES @ 1201.5 4,0 ŤŤ paper ťť [11:27] amazing move on a Friday [11:27] DURING LUNCH! [11:28] Wow [11:28] Agree. Wow [11:28] H&^$# S)*&%$#!! [11:28] And then some, Szu. [11:28] i love watching time and sales during these periods. [11:28] 0,3 Long NQ @ 1533.50 -> large size [11:29] CBS news coming up at the top of the hour on the radio, maybe they [11:29] 'll have somethin [11:30] 0,4 Shorts ES @ 1208.75 -> Add [11:30] 0,2 Exited all NQ Long @ 1534.50 --> + 1 [11:30] Nothin on the news (Athur Millers - playwrite dead) [11:31] Not hanging around too long when I can get a point at these levels. [11:32] FFT - its Charles and Camilla's fault [11:32] he couldnt stand the shock [11:33] 0,6 exit stop raised ES @ 1206 4,0 ŤŤ paper ťť [11:35] 0,4 Shorts NQ @ 1531.50 -> large size [11:36] 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. [11:36] Will reverse if needed in a heartbeat. [11:38] 0,4 Shorts YM @ 10816 4,0 ŤŤ Scalp ťť [11:39] 0,6 exit stop moved to breakeven NQ @ 1531.50 [11:39] :) [11:39] :( [11:39] 0,2 Covered all NQ Short @ 1531.00 --> + 0.5 [11:40] 0,3 Long NQ @ 1531.00 [11:40] That's a reversal. [11:43] I"m not looking for much on this. [11:44] 0,2 Covered YM Short @ 10815 --> + 1 4,0 ŤŤ Scalp ťť [11:45] 0,2 Exited all NQ Long @ 1532.00 --> + 1 [11:46] That was actually a trailing stop hit (fast) after it tested 1533.00 [11:47] Same with prior trade when it tested 1530.00 [11:49] http://www.elitetrader.com/vb/showthread.php?threadid=45176 [11:49] look at the opening line of this thread [11:50] Me too...I expected a weak day today in comparison to yesterday's close :( [11:57] * les is now known as lesAway [11:57] APPL announced 2:1 split [11:59] Tight pull back so far from the highs. [12:00] Prior to 2000 when there was strong volatility...something like today was just the first wave prior to a bigger 2nd wave on up. [12:00] wow, I sure wish I was trading futures in late 90's [12:01] you don't have any old charts do you Niha [12:01] It was easy money then. [12:01] Flash...yes...I have printed charts since the first day each Emini started. [12:02] All stored away...only keep the past 2 years on a book shelf. [12:02] I thought I remembered that you print charts. Do you have a way to post electronically ? [12:03] Only the past 7 months I started to keep everything electronically. [12:03] Was running out of storage space :) [12:03] Aah. [12:04] Boxes got pretty darn heavy too :) [12:04] Bulk scanning is not expensive [12:05] I wonder if intraday reversal trades would have worked back then or if all the pull backs were shallow like right now in the market. [12:05] Which would have killed reversal trades. (at least mine) [12:05] square64...what scanner or printer/scanner does BULK scanning... [12:06] I'm assuming you meant I put in a stack of 200 papers and let it scan it one by one on its own ??? [12:06] Its best to send them to a copy shop. They'll put it on a CD for you [12:06] Ah...thanks for the tip. [12:06] Didn't know that was possible. [12:07] Yes. Huge filing cabinets can be crushed down to a couple disks. And you can index it too. [12:07] I tried scanning them with my scanner...one by one...gave up after scanning a week's worth of info (25 pages). [12:08] My scanner scan about 3mins per page :( [12:08] Agree that's hopeless. It is OK for keeping up to date, but no good for backlog [12:09] I'll definetly check into that...would love to free up a huge area in my storage room. [12:11] Flash...the most powerful moves I remember in the Eminis was the year or two after the internet bubble burst. [12:12] There was some strong DOWN trend days...some down right scary a little. [12:13] did there seem to be more trend days 98 - 2000 ? [12:13] I remember once getting Short in NQ soon after a Fed Announcement...exited for a +18 points about 3mins later. [12:13] I remember seeing a lot of days were we'd hit trading curbs. Haven't seen one of those days in a while [12:13] Yep. [12:14] Flash...yes. [12:14] They came in waves... [12:15] In fact, that elliott wave stuff became very popular during those multiple waves on most trading days. [12:15] Interesting. I was curious as to whether trend days were just stronger or more frequent. I'll assume that the reversals simply reversed 'more' too. [12:15] Oh yeah [12:15] Reversals were stronger as in more V-Thrust like reversals. [12:16] Mess up in the morning...you can easily recover in the afternoon. [12:17] These days...mess up in the morning...very difficult to recover in the afternoon :( [12:18] was the 2pm rush as apparent too ? [12:18] I'm lucky today...was able to wipe out about 2/3 of my NQ losses prior to 1140am est just when the volatility died. [12:18] Ah man...I think there was books written about the 2pm rush :) [12:19] wow [12:19] I remember all those day trading commercials...day trade and buy your own island. [12:20] My dentist even quit to become a day trader, girlfriend thought she was a better day trader than me after making about 10k in one week on 2 trades. [12:20] I think my favorite example of how nuts it was, was there was a stock that had volume (like several k per day) that had no business at all. [12:20] Those were the days :) [12:20] They stated they had a plan to maybe someday buy another business - that was it. No prifts, no income, no nothin [12:21] But it traded, every day lol [12:21] South Sea Bubble there was a compay that raised capital for "a project to be disclosed later" [12:21] Oh yeah...all those non-profitable companies that barely had a secretary were going IPO and making millions. [12:21] That's exactly what this was - traded .otc [12:21] and wasn't it AMZN 3000 or something like that [12:21] Successful IPO (18th century style) and worthless in due course [12:22] It musta cost them 50k to get listed, because that was the sole expense. [12:23] E*trade had some good commercials. The one where the guy jumped out of the window and landed 2 feet below in his yard. [12:30] 0,4 Shorts NQ @ 1531.00 -> large size [12:31] Also short ES 1207.25 small size [12:31] Still short ES, several contracts [12:32] 0,4 Shorts ES @ 1207.25 [12:33] That little run up to 1209 seemed to be looking for stops, but not finding any [12:33] 0,3 Long YM @ 10803 4,0 ŤŤ Scalp ťť [12:34] I got a stop up there now. [12:34] Profit protection mode in my ES trades. [12:34] 0,2 Exited YM Long @ 10806 --> + 3 4,0 ŤŤ Scalp ťť [12:35] Niha ... Tweezer top on NQ 3min? [12:35] I don't have either on NQ nor ES 3min. [12:37] ADDing [12:39] 0,4 Shorts YM @ 10814 4,0 ŤŤ Scalp ťť [12:39] Short ADD ES @ 1208.75 stop adjusted/raised to 1210.00 [12:39] 0,4 Shorts NQ @ 1534.00 -> Add [12:40] 0,2 Covered YM Short @ 10809 --> + 5 4,0 ŤŤ Scalp ťť [12:40] Large size ADD and I'm now maxed...will sit now and wait to see if my strategy worked. [12:43] 0,3 Long DAX @ 4401 [12:45] 0,2 Exited all DAX Long @ 4402.5 --> + 1.5 [12:47] 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. [12:50] IIRC in the old days, they'd bust down to 1206 to take out long stops, then climb. [12:50] I'm looking for a retest of the pullback lows... [12:50] Me too, I might go long as well [12:51] After that...I don't care if it climbs up +100 points more. [12:54] But it would be better if it retested the lows first! [12:58] unbelievable this run [12:58] 0,6 exit stop set NQ @ 1537.00 [12:59] ES stop @ 1210.25 [13:03] Will dump either prior to those stops being hit. [13:05] There ya go, Nihaba, tagged 06 [13:06] Exited all ES @ 1206.25 [13:06] +1.75 average [13:07] 0,2 Covered 1/2 NQ Short @ 1531.00 --> + 3 [13:09] Mismanaged my remainder...wasn't paying attention :( [13:24] what caused all this up move ..not that mkt needs any reason to do it? [13:29] 0,2 Exited remainder Long ES at 1206 --> + 6 4,0 ŤŤ paper ťť [13:29] bout 1/2 hour ago :) [13:30] 0,3 Long YM @ 10802 [13:30] Strength in the chips and an AAPL split, or so folks are sayin [13:32] 0,2 Exited all YM Long @ 10806 --> + 4 [13:32] crap, i thot that one mught run [13:36] thot with dell news the mkt tank but ... [13:37] Insiders probably expected worse, and were short.... [13:39] ER2 doing its superman thing. [13:52] :( [13:53] 0,2 Covered Remainder NQ Short @ 1536.00 --> - 5 [13:55] Even with that big NQ loss...still a lot less than earlier this morning... [13:55] Overall profitable today with my other trades. [13:56] 1538.00 stop would have wiped out my other profits and couldn't let it go that high. [13:56] Didn't want to reverse into a long like I did the others...overtraded enough as it is. [13:57] 14 round trips and I'm not suppose to do more than 5 rt [13:58] Niha i never see you trade after 3 PM Eastern, you dont trust it? [13:59] 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. [14:04] That's part of it...mainly because I'm just too mentally exhausted and I have a ton of journal work to do, small amount of printing, quick editing of my live-recordins and need time to completely unwind so that I'm do with everything by 5pm est. [14:10] If i trade beyond 3pm or 3:30pm est...my market wrap up would push me into dinner time. [14:29] szubaark...also there tends to be a lot of position adjustments in the last hour of trading... [14:29] Making trading just a little more difficult. [14:30] Niha u absolutely do,'t trade after 3 pm at all? [14:30] My largest losses occurs during that time span and was another reason why I rarely trade it since 1992 or sometime around that time. [14:31] pat255...I don't OPEN new positions. [14:31] i c...k an imp consideration ... [14:31] kty niha [14:31] Except...if I missed the morning session for whatever reasons (dental appt whatever)... [14:32] I'll monitor the afternoon session and test some new strategies with a small size even if the trade signal occurred at 3:45pm est. [14:33] Yet...under normal conditions...its OPENING new positions time. [14:33] Meant...its NO opening new positions. [14:34] i thibk u are right ...geez if am trades are good why give back in the pm... [14:34] overtrading is sure way to lose ... [14:36] pat255...took me about 3 years early into my trading career to figure out that no brainer. [14:37] I had this mentality that if I was profitable in the morning...continue trading in the afternoon and try to milk that cow. [14:38] I usually ended up giving back my morning gains. [14:38] <--- Sounds like [14:39] So basically...I watch the market all day but I only trade part-time :) [14:39] right niha sometimes greed overpowers the discpline ... [14:39] me learned the hardway too... [14:39] right [14:40] Yep...everyday is a learning experience. [14:40] :) [14:40] TRIN is real low. Could suggest more buying to come [14:41] Bond boys'll be heere soon. If this is near the HOD, they'll be mighty tempted to take that out [14:43] fft what does that mean...? [14:43] u mean run it up? [14:46] pat255...Chicago Bond market closes at 3pm est... [14:46] Sometimes there's a price reaction to that closure. [14:47] i c...thks niha [14:47] It was common place to see a price reaction prior to 2004. [14:47] i c [14:47] However, for some reason last year's low volatility...made it not worthwhile looking for any trade signals via the Bond market closure [14:48] Yet...market volatility is very nice this year... [14:48] Will be interesting to see if 3pm est becomes an important market time to watch again. [14:49] What is the linkage? [14:49] Niha i would say volatility is nice at the open then it dries up. [14:49] yep voltality it has been great so far .. [14:49] szubaark...your right. [14:50] if the TRIN has spent all day trading under .50 [14:50] [18:34] in most cases you will see extremely strong buying into the close [14:50] [18:34] probably 4 out of 5 times [14:50] oops, didn't mean to post that, sorry [14:50] Yet its been much stronger in the morning in comparison to last year and trends that appear in the afternoon...tend to hold their weight more often in comparison to last year. [14:51] Flash...that's true when there's some sort'uv key econ report schedule the following day. [14:51] Big boys taking positions or making adjustments. [14:53] flash u are right ...futs shooting for the high agagin [14:58] 0,4 Shorts YM @ 10815 [15:00] i have a short signal here too Szu, but it's not a real strong one. [15:00] I'm passing. [15:01] Flah im looking to bail out of 1st contract as soon as I can [15:01] Flah=Flash [15:01] :} [15:03] that 20ema has been keeping YM up all afternoon. [15:03] on a 5m chart [15:04] flash u pay close attention to TRIN for trades or just as confirming signal [15:04] actually I do not watch it at all. I mentioned it before just for conversation. [15:04] k thks [15:10] 0,2 Covered all YM Short @ 10820 --> - 5 [15:10] 0,3 Long YM @ 10820 [15:11] 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. [15:24] Have a nice weekend all. [15:24] * NihabaAshi is now known as NihabaAshi_away [15:24] bye [15:25] szu what's your target ? [15:27] 830 on 1st contract and 2nd let market tell me target [15:27] bye niha [15:30] looks like thre may be a bit if selling here ahread of the weekend & the big gains today out of nowhere [15:30] 0,2 Exited all YM Long @ 10814 --> - 6 [15:30] :( [15:30] yes, it may be that pat [15:31]