Session Start: Fri Feb 25 09:34:03 2005 Session Ident: #FuturesTrades [09:34] * Now talking in #FuturesTrades [09:34] [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab [09:35] morn all [09:36] 0,4 Shorts YM @ 10753  [09:36] 0,4 Shorts ZB @ 113.96875  [09:37] 0,6 exit stop set ZB @ 114.0625  [09:39] 0,2 Covered all YM Short @ 10752 --> + 1  [09:39] 0,6 exit stop lowered ZB @ 114.03125  [09:46] 0,4 Shorts ES @ 1202  [09:47] 0,4 Shorts ES @ 1201.25 -> Add  [09:47] 0,2 Covered 1/3 ES Short @ 1201.25 --> + 0.75  [09:48] 0,2 Covered all ZB Short @ 113.84375 --> + 0.125  [09:49] 0,2 Covered 1/3 ES Short @ 1200.50 --> + 1.5  [09:54] . [09:54] WHat the heck is going on? [09:55] Musta been a major net storm someplace [09:56] Weird... [09:56] My data stopped again or has come to a crawl. [09:56] TS froze up on me just when everybody got icked out, and the market stopped moving as well [09:56] same thing yest pm in the detroit area [09:56] Both my FutureSource and QCharts in the twilight zone :( [09:56] Still a few ticks coming through [09:57] Yeah, IB and TWS both sowed up [09:57] slowed even [09:57] no problem here in Western NY [09:57] Broker quotes at a crawl now :( [09:57] JP, what u showen for ER [09:58] ? [09:58] pricewise [09:58] 627.5 [09:58] Same here [09:58] yikes....everything just stopped after I sent the message [09:58] I'm accurate. [09:58] THanks [09:58] same [09:58] Somebody go ahead and take the leap... [09:59] Place a trade and tell us if you got what you wanted :) [09:59] I'm getting T&S marked with current times - market is just moving slow [09:59] http://www.internettrafficreport.com/namerica.htm [10:00] traffic looks ok .. cept for texas [10:00] 0,2 Covered all ES Short @ 1200.25 --> + 1  [10:00] 0,2 Covered 1/3 ES Short @ 1200 --> + 2  [10:01] By the way, in case anybody is wondering, my short yesterday afternoon ended..... [10:01] Badly [10:01] Everything back again in Western NY [10:02] 0,4 Shorts YM @ 10740  [10:02] Must have been some neutrinos [10:02] :) [10:04] Something is odd...its a 10am est key econ release and this is all the volume action I'm seeing :( [10:04] 0,2 Covered all YM Short @ 10750 --> - 10  [10:04] friday ? [10:04] 0,3 Long NQ @ 1518.50 -> small size  [10:05] 0,3 Long NQ @ 1519  [10:05] 0,4 Shorts ER2 @ 627 4,0 «« paper »»  [10:05] 0,6 exit stop set ER2 @ 627.5 4,0 «« paper »»  [10:05] 0,6 exit stop raised ER2 @ 627.6 4,0 «« paper »»  [10:05] if u dont mind where did u exit yest. square64 [10:06] 0,4 Shorts ES @ 1201.25 4,0 «« paper »»  [10:06] 0,3 Long YM @ 10749 4,0 «« paper »»  [10:06] Long ES 1201 10 pt stop can be 2 day trade took 10 pt hit on yest sh [10:07] 0,6 exit stop moved to breakeven NQ @ 1518.50  [10:07] 0,2 Covered all ER2 Short @ 627.4 --> - 0.4 4,0 «« paper »»  [10:08] :( [10:08] 0,2 Trailing Stop Hit NQ @ 1518.50 --> 0  [10:08] This is a weird market. Usually ER is right in synch with TICK, but not over the past few minutes. [10:08] Whoops, maybe it is now [10:09] 0,2 Exited all NQ Long @ 1518 --> - 1  [10:12] 0,2 Covered Remainder ES Short @ 1202 --> 0  [10:12] 0,3 Long NQ @ 1519.00 -> small size  [10:13] 0,3 Long ES @ 1202 4,0 «« paper »»  [10:14] 0,2 Exited all YM Long @ 10758 --> + 9 4,0 «« paper »»  [10:14] 0,3 Long YM @ 10758  [10:17] No volatility...I'm like fish out of water :( [10:18] 0,2 Exited all YM Long @ 10750 --> - 8  [10:18] tell me about it [10:18] 0,2 Exited NQ Long @ 1517.50 --> - 1.5  [10:18] 0,4 Reverse and Enter Short NQ @ 1517.50  [10:19] 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. [10:20] 0,2 Exited ES Long @ 1202 --> 0 4,0 «« paper »»  [10:20] 0,4 Reverse and Enter Short ES @ 1202 4,0 «« paper »»  [10:20] Strong sellers on the ask @ 02 [10:22] This had better break down soon or I'm bailen [10:22] 0,2 Covered all ES Short @ 1202 --> 0 4,0 «« paper »»  [10:23] 0,4 Shorts ES @ 1202  [10:23] 5 hourly up candles in a row...pretty impressive [10:23] 0,4 Shorts ES @ 1202  [10:23] Remeber, while it can't go up forever, it can certainly go up long enough to bankrupt you ;) [10:24] 0,4 Shorts ES @ 1202 4,0 «« paper »»  [10:25] 0,4 Shorts YM @ 10752  [10:26] Quarter buyers gave up easy :) [10:26] 0,6 exit stop moved to breakeven NQ @ 1517.50  [10:26] 0,2 Covered 1/3 ES Short @ 1201.25 --> + 0.75  [10:26] [10:23] Remeber, while it can't go up forever, it can certainly go up long enough to bankrupt you ;) [10:26] Or so I thought [10:26] :) [10:26] 0,2 Covered all ES Short @ 1201.50 --> + 0.5  [10:26] 0,2 Covered all ES Short @ 1201.75 --> + 0.25 4,0 «« paper »»  [10:27] 0,2 Covered Remainder ES Short @ 1202 --> 0  [10:27] This is one of those openings where you better watch out. [10:27] I was 1 tick away from getting a WRB (profit target 1) [10:28] :( [10:28] 0,2 Trailing Stop Hit NQ @ 1517.50 --> 0  [10:29] atleast niha u don't let the trade run against u.. [10:29] This Opening is worst then lunchtime [10:29] 0,4 Shorts ES @ 1203 -> large size  [10:29] i must do that ... [10:29] 0,2 Covered all YM Short @ 10760 --> - 8  [10:29] pat255...due to the lack of volatility...I'm unwilling to use wide stops. [10:29] 0,3 Long YM @ 10760  [10:30] If there was more volatility...I'm not as afraid to use wide stops because I know its easier to bounce back from a losing trade especially in the morning session. [10:30] 0,3 Long NQ @ 1518  [10:30] 0,2 Covered 1/3 ES Short @ 1202.50 --> + 0.5  [10:30] i c ...kty niha [10:31] 0,4 Shorts ES @ 1202  [10:31] 0,2 Exited all YM Long @ 10750 --> - 10  [10:31] :(( [10:32] 0,2 Covered 1/3 ES Short @ 1202 --> + 1  [10:32] frikin chop [10:32] i'm in scalping mode szu [10:32] 0,4 Shorts ER2 @ 628.30 -> small size  [10:32] 0,2 Covered all ES Short @ 1201.75 --> - 0.5 4,0 «« paper »»  [10:33] 0,2 Exited all NQ Long @ 1516 --> - 2  [10:33] 0,2 Covered ES Short @ 1201.75 --> + 1.25  [10:33] 0,3 Reverse and Enter Long ES @ 1201.75  [10:34] 0,3 Long ES @ 1201.75 4,0 «« paper »»  [10:35] 0,4 Shorts ER2 @ 629.00 -> Add  [10:35] 0,2 Exited all ES Long @ 1201.75 --> 0  [10:36] good luck guys ... i'm done for the week [10:37] That ADD was still within the "residual" price action of the trade signal for the first entry... [10:37] Only time I like to ADD to a loser. [10:37] 0,4 Shorts YM @ 10747  [10:38] 0,6 exit stop set ER2 @ 630.00  [10:40] So is there a free, open bar someplace in CHicago where everybody is? Kinda slow. [10:42] 0,2 Covered ER2 Short @ 630.00 --> - 1.7  [10:42] 0,3 Reverse and Enter Long ER2 @ 630.00  [10:42] 0,2 Exited all ES Long @ 1202.75 --> + 1 4,0 «« paper »»  [10:42] 0,2 Covered all YM Short @ 10757 --> - 10  [10:42] geez [10:44] 0,4 Shorts ES @ 1202.75  [10:44] That was a surprising price action... [10:45] 0,3 Long YM @ 10761  [10:45] Looking to ADD around 630.40 if it can get there. [10:47] Lost a total of -8.10 on that price action :( [10:48] 0,4 Shorts ES @ 1203.25 -> Add  [10:49] 0,2 Exited all YM Long @ 10753 --> - 8  [10:49] 0,2 Covered all ES Short @ 1202.50 --> + 0.25  [10:50] 0,4 Shorts YM @ 10753  [10:51] Slow controlled upmove [10:57] 0,4 Shorts ES @ 1203  [10:57] 0,2 Covered all YM Short @ 10764 --> - 11  [10:57] 0,3 Long ER2 @ 630.40 -> Add  [10:57] 0,3 Long YM @ 10764  [10:58] 0,4 Shorts ES @ 1204 -> Add  [10:59] 0,2 Exited 1/2 YM Long @ 10777 --> + 13  [11:00] 0,6 exit stop moved to breakeven YM @ 10764  [11:00] 0,2 Exited 1/2 ER2 Long @ 631.10 --> + 0.7  [11:00] nice niha ...on add .. [11:01] 0,3 Buys ES @ 1206.25 4,0 «« paper »»  [11:01] 0,4 Shorts ES @ 1205.75 -> Add  [11:03] 0,6 exit stop set ER2 @ 630.10  [11:03] 0,2 Exited ER2 Long @ 631.40 --> + 1.4  [11:03] Holding just 1 contract [11:04] By the way...I had an order in on that 1/2 to be out at 631.40 [11:04] When ER2 hit it...it didn't get filled :( [11:05] So I dumped it at market at 631.10 [11:05] Put in another order for 631.40 on most of the remainders...it got filled :) [11:06] 0,2 Covered all ES Short @ 1204 --> - 1.25  [11:06] ER2 can move so fast sometimes...it almost needs to tick through by at least 2 ticks :( [11:10] pat255...that's a good example of what I meant by recovering from a loss of a wide stop in the morning session when there's volatility. [11:11] Tough to do that when there's no volatility or volatility dries up which is more likely as we near 1130am est. [11:11] agree Niha ....u are right on voltality ... [11:15] 0,4 Shorts ES @ 1207  [11:16] 0,4 Shorts ES @ 1206.75 -> Add  [11:20] 0,2 Covered all ES Short @ 1206.5 --> + 0.5  [11:22] [10:51] Slow controlled upmove [11:24] we now have 6 hourly up bars in a row.... [11:24] anyone want to bet on the 7th [11:24] As you knowm, I am betting against... [11:25] jperl...if we get a 7th up hourly bar...that's one heck of an impressive upmove since yesterday. [11:26] 0,4 Shorts ES @ 1207.00  [11:26] What did you say the odds were? [11:26] about 0.8% for 7 in a row [11:27] I think that will do [11:27] Geesh...then it sounds like I should be looking for an exit :) [11:28] 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. [11:29] Look at NQ today...it barely went anywhere :( [11:29] Comparing its open price to current price. [11:30] couln't even get my 3 tick partial fill :( [11:30] 0,2 Exited Remainder ER2 Long @ 632.40 --> + 2.4  [11:30] gj niha [11:31] puts gas in the motorhome [11:31] greate trade niha ... [11:31] gj good job :) [11:31] Thanks...especially after being down a total of -8.10 in ER2 points. [11:32] thats a tough one... [11:32] man that kind of set back will not let me trade well... [11:32] but you came out of it... [11:32] pat255...think in terms of per contract instead of total... [11:33] It's what I do...I also strongly believe that if I can lose like that...I can win like that also... [11:33] Mentality from my days of competing in sports at a top level. [11:33] never works out that way for me - lol [11:33] u have a point there niha ...i need to reflect on this ...but i hand it to u ..u got brass balls... [11:34] one day they'll be gold [11:35] just seeing him trade ...unbelievable [11:35] u bet [11:35] It'll never be gold...since settling down and starting a family...not able to grow account like I was able to when I was single :) [11:38] Someone asked me via pm why did I look for an ADD at 630.40... [11:38] Here's why... [11:39] Look at ER2 3min chart... [11:39] The candlestick that closed at 1045am est is a Dark Shooting Star that occur after a white wide range body (WRB)... [11:40] The high price of the Shooting Star was 630.40 [11:40] More importantly... [11:41] The price action after that Shooting Star needed to pullback (which it did) and not have any candlesticks that complete themselves below the support (open) of the White WRB... [11:41] 0,3 Long ES @ 1207.25 4,0 «« paper »»  [11:42] This allows me a two possible Long strategies if such occurs... [11:43] The white candlestick that closed at 1057am est for a price of 629.90 is an ADD signal had I gotten a prior Long entry below that price... [11:44] Since I didn't enter my Long below that price...I had to wait for the next signal... [11:44] * LesC is now known as les [11:44] A breakout signal based on the price action of that Dark Shooting Star 630.40 [11:45] However, because of the volume distribution in the upper shadow of the shooting star... [11:45] Not a good entry plan to enter above that 630.40 [11:46] 630.40 is the worst case entry so I put an ADD order at that price. [11:46] Shooting Stars are one of the most difficult candlestick patterns to Short... [11:46] Not very reliable if you don't understand that the price action after them is critical. [11:47] Most try to trade (enter immediately) as soon as they see any kind of a Shooting Star for those that trade candlestick patterns. [11:48] In addition, ER2 had a nice strong pivot off that dark candlestick line that closed at 1054am est via the 3min chart... [11:48] niha so never S the shoting stra candle? [11:49] That told me there will be follow-through beyond the 630.40 high price of the Dark Shooting Star. [11:49] Sometimes I load up on the contracts in situations like this... [11:49] However, today I wanted to keep things light today and protect the months profits. [11:50] pat255...there's one particular type of Shooting Star that I do Short immediately. [11:50] Niha : Strong pivot ? can you explain [11:51] Yes but I won't go into the specifics of the strategy... [11:51] I need two dark candlestick lines making lower lows... [11:51] The next candlestick needs to be a white line with a higher low or PIVOT LOW. [11:52] i'm reposting my entry... had a system crash [11:52] 0,3 Buys ES @ 1206.25  [11:52] 0,6 exit stop set ES @ 1204.25  [11:52] 0,2 Covered all ES Short @ 1208 --> - 1  [11:52] If volume is key to you...that PIVOT LOW of the white candlestick needs to occur on lower volume in comparison to the prior dark candlestick... [11:53] If volume isn't important or not needed such as in trading FOREX... [11:53] 0,2 Exited all ES Long @ 1209 --> + 1.75 4,0 «« paper »»  [11:53] nice call FFT [11:53] The white candlestick that made the PIVOT LOW needs to close above the Open of the prior dark candlestick. [11:53] Here's the key... [11:53] Thanks. Not part of my plan, I still need a good one for all these darn trend days. [11:54] The PIVOT LOW must occur within the body range of a prior white WRB. [11:54] Simply, a PIVOT LOW off the support of the increasing demand that was revealed in the white WRB. [11:55] If you want to know how to enter Long positions on strong uptrend days... [11:55] 0,6 exit stop moved to breakeven ES @ 1206.25  [11:55] That's what I like to look for. [11:56] For those that are into backtesting...I'll say this without going into any details... [11:57] It'll be worth your time to backtest it for trading days that have a higher low. [11:57] Once again...the prior white WRB is the key factor. [11:57] Without it...poor results. [12:00] niha u trade eur? [12:00] 0,4 Shorts ER2 @ 633.7  [12:00] pat255...I trade EuroFX and Forex EurUsd but I don't post these trade for private reasons. [12:01] kty niha [12:01] 0,6 exit stop raised ES @ 1207  [12:01] They are my better trades. [12:01] i c...hmmm consider posting some..? [12:04] pat255...their mainly position trades and I only do a few per week. [12:04] i c.. [12:05] k guys back to office ...thks all [12:05] jperl...we're going to know in about 55 mins if this will hold and produce that rare 7th up bar. [12:09] Indeed....looks like its going to be 7 [12:13] 0,2 Exited all YM Long @ 10812 --> + 48  [12:19] Boy if this turns, it's gonna go down like a Greenpeace demonstrator on the CBOT floor. ;) [12:20] now thats funny FFT [12:20] :) [12:21] nice trade szu [12:21] 0,3 Long ES @ 1209.75 4,0 «« paper »»  [12:22] Looks like the long shot is going to win in the 7th race [12:22] 0,2 Exited all ES Long @ 1209.25 --> - 0.5 4,0 «« paper »»  [12:23] Darn SMH anyways [12:25] thanks. I had bad start this morning so this trade helps. [12:26] i missed all that, i was disconnected for over an hour and didn't no it, i thot it was awful quiet [12:26] 8th race about to start in 2 minutes [12:27] whats the odds of an eighth? [12:27] 0.39% on the long shot [12:27] place your bets [12:28] window closes in 30 seconds [12:28] And they're off [12:30] long shot in the lead at the gun [12:35] * FFT enters order to short ES at a billion [12:35] Remember the big drop on 22nd... [12:35] As they come around the 8th pole it's long shot in the lead by 3 ticks [12:36] Yesterdays late afternoon uptrend and today's uptrend is almost (not there yet) as impressive. [12:36] Blame it on Volatility :) [12:40] 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. [12:43] As we come into the 1/4 pole it's still long shot in the lead by 3 ticks [12:43] what stamina [12:50] Flagging, a little? [12:50] At the 3/8ths pole long shot is beginning to breath hard...is now neck and neck [12:51] I begin to think by the mile post it may be four or five ticks behind the field [12:51] Wishful thinking, of course [12:56] 0,4 Shorts ES @ 1209  [12:58] At the 1/2 short shot beginning to pull ahead by 3 ticks [13:02] 0,2 Covered all ES Short @ 1209 --> 0  [13:04] 0,4 Shorts YM @ 10813  [13:05] At the 5/8 ths pole short shot losing ground and only ahead by 2 ticks [13:06] This is a close race folks...hold on to your tickets [13:13] At the 3/4 turn short shot still holding on to lead by 3 ticks [13:20] As the horses come around the 7/8 pole and into the stretch... [13:20] The crowd is on there feet... [13:20] The din is incredible [13:20] Short shot leading by 3 [13:24] Long shot fans are now screaming wildly for their favorit [13:25] short shot fans are gripping their tickets tightly [13:25] 0,2 Covered 1/2 ER2 Short @ 632.5 --> + 1.2  [13:26] 0,2 Covered all YM Short @ 10802 --> + 11  [13:26] It short shot now by 4, now by 5 pulling ahead [13:27] It's short shot at the tape by 7 [13:28] 0,2 Covered Remainder ER2 Short @ 632.0 --> + 1.7  [13:28] what a race [13:28] Short shot has reached b/e [13:29] 0,3 Long ER2 @ 632.0  [13:29] 0,3 Long YM @ 10799  [13:30] 0,2 Exited 1/2 ER2 Long @ 632.5 --> + 0.5  [13:34] 0,2 Exited 1/2 YM Long @ 10810 --> + 11  [13:35] 0,4 Shorts YM @ 10809 4,0 «« Scalp »»  [13:35] 0,6 exit stop moved to breakeven YM @ 10799  [13:44] 0,2 Covered YM Short @ 10808 --> + 1 4,0 «« Scalp »»  [13:51] 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. [13:51] 0,2 Exited Remainder ER2 Long @ 634.1 --> + 2.1  [13:51] 0,2 Covered all ES Short @ 1208.75 --> - 7.75  [13:52] Result not as bad as that, as I had more contracts at higher prices, not recorded, during the excitement about the horse race [13:53] This market has been brutal all week if on the wrong side of the coin... [13:53] Entire trade touched b/e and it went into reverse as I held on for more [13:54] When it moves strongly...it smashes through many stop levels...pauses slightly trick us and then puts in another power move :( [13:54] I've not seen a week with as many vertical moves in both directions. [13:55] No real pull backs, either. [13:55] Market is always brutal when your on the wrong side of the coin... [13:55] Yep...would be a tough week of swing trading if positions were open on Monday. [13:57] havn't had a loosing trade today, keeping fingures crossed... [13:58] posted couple on here so Niha doesn't kick me - lol [14:02] this is defenently one of the best trading forums on mirc - imho [14:02] :) [14:03] It definetly helps my own trading. [14:03] yes, here too, good job guys [14:04] Have gotten a few "heads up" comments by others in here over the past few years that has saved me several points on many contracts...that in itself makes it worthwhile. [14:05] I remember on time...soon after 911...someone said a small plane had just crashed into a building in Italy or something like that... [14:06] In Flodida wasn't it? [14:06] Florida [14:06] Some young student, market went nuts [14:06] Actually both Captn [14:06] I had a large size Long position when I saw the comment and immediately dumped it for breakeven and got small size Short position that resulted in several ES points profits. [14:06] Yes...Florida. [14:07] yes, i think i remember that, wasn't trading that week [14:07] Both? [14:07] Yes [14:07] Ah...that's right...several days apart :) [14:07] I'm not sure which occured first [14:07] Or maybe weeks. [14:08] Was for the Florida incident, fingure on button, was going to go the wrong way :( [14:08] I had was using a 4 point wide stop on that Long position... [14:08] It would have easily got picked off had I not dumped it at breakeven. [14:09] Saved me several thousand dollars. [14:09] Think the door bell or something, wasn't skill... lol [14:10] finger.... [14:11] Living in Montreal for 18 years and married french girl, right Niha... [14:11] Good ol' bill 101.... lol [14:11] :) [14:18] 0,4 Shorts ER2 @ 635.0  [14:18] ER2...wow...impressive bounce out of that price pullback that started looking like it was going to go lower. [14:19] shoulda held my long bit longer... [14:21] had a limit sell order above the 12:40 high, we will see... [14:24] 0,6 exit stop set YM @ 10810  [14:25] There is some MAJOR Resistance in here. [14:27] 0,2 Covered all ER2 Short @ 634.7 --> + 0.3  [14:36] NQ still has some catching up to do...it hasn't made an intraday high during the same price action the others were making a new intraday high. [14:39] 0,2 Exited 1/2 YM Long @ 10826 --> + 27  [14:59] 0,6 exit stop raised ES @ 1208.5  [15:00] 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. [15:16] 0,4 Shorts YM @ 10834  [15:31] 0,2 Covered all YM Short @ 10846 --> - 12  [15:32] on that note im done. [15:34] 0,6 exit stop raised ES @ 1211  [15:36] 0,2 Exited remainder Long ES at 1212 --> + 5.75  [15:36] Exits 1/2 of long EX from this am +11 hold 1/2 over weekend [15:37] ES i mean [15:37] * les is now known as lesAway [16:12] 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. [16:23] Wow...nice trading dougers1...very nice. [16:23] Les too. [16:23] Geesh...I'm going to need to start trading a little longer to keep up with the big swingers in here :) [16:38] Take care all...it was a hard fought week but in the end...it was worth it. [16:46] * lesAway is now known as les [16:49] no trades today [16:49] cya Monday [16:49] * Disconnected Session Close: Fri Feb 25 16:49:50 2005