Session Start: Fri Mar 04 08:25:17 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 [08:29] morn folks [08:31] 0,4 Shorts ES @ 1215.50 -> large size [08:33] :( [08:33] 0,2 Covered all ES Short @ 1515.50 --> - 300 [08:33] waiting for a snapback? [08:33] Yes. [08:33] 0,2 Covered all ES Short @ 1215.50 --> 0 [08:34] U.S. FEB NONFARM PAYROLLS UP 262,000 VS 221K EXPECTED [08:34] Tried to catch it...had a great entry but it didn't retrace far enough. [08:35] Missed a big time bullish signal at the bottom prior to lift off... [08:35] Was still setting up my workstation when the numbers got released :( [08:35] YM 75high busted,,too [08:36] es has been brutal to you hasnt it? [08:37] Shorts YM 10874 [08:37] Stop 10890 [08:39] Wanna...yes...after 0930am est... [08:39] 0830am reports...I still own it :) [08:40] i feel you [08:40] As long as my profits in the other Eminis and Eurex offset it...not a big deal. [08:41] However, I don't want to close this month or any month in the RED in any trading instrument that I trade for the month. [08:41] I'll catch a big trade in ES this month... [08:41] Hopefully I have some size on it when it happens. [08:43] yep [08:44] 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. [08:50] Well...the volatility has dried up...shouldn't see any big movements until around 0915am est... [08:50] Be back later around that time. [08:50] * NihabaAshi is now known as NihabaAshi_away [08:56] stopped YM -16 [09:02] * NihabaAshi_away is now known as NihabaAshi [09:02] Geesh...my audio price alerts went off again... [09:02] Another pop to the upside...very unusual. [09:08] lots of momentum to the upside [09:13] Usually after an initial pop...if it stabilizes... [09:14] It will either trickle upwards just a little or trade sideways... [09:14] Gold at high...Oil at high...market at high...strange [09:14] Until around 0915am est. [09:14] Reason why I was a little surprise to see another big pop to the upside. [09:22] gm all [09:23] sheesh... hecka move this morn on the Employment Situation report eh? [09:24] Niha.. i assume you caught the ride? [09:24] Just missed it by a few minutes... [09:25] bummer [09:25] I sure you see the same bullish signal as I did. [09:25] not yet.. just noticed the big move.. looking now [09:27] what time frame? [09:31] 0,4 Shorts YM @ 10884.00 -> large size [09:33] GM [09:33] 0,4 Shorts YM @ 10888.00 -> Add [09:39] 0,4 Shorts ES @ 1216.75 [09:41] 0,2 Covered 1/3 YM Short @ 10872.00 --> + 16 [09:42] 0,2 Covered all ES Short @ 1216 --> + 0.75 [09:42] Michigan #'s in two minutes. [09:42] 0,6 exit stop moved to breakeven YM @ 10884.00 [09:42] we been filling the gaps will we do it again? [09:42] Yep...needed to dump some before those numbers. [09:43] 0,6 exit stop lowered YM @ 10883.00 [09:45] 0,4 Shorts ES @ 1216 [09:47] VIX acting kinda curious [09:50] 0,2 Covered ES Short @ 12115.50 --> - 10899.5 [09:50] 0,2 Covered ES Short @ 1215.50 --> + 0.5 [09:54] ER2 doing that supper man thing again...trying to be a leader or the one that makes the first big move. [09:54] Russell wants to close gap bad [09:56] 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. [09:56] 0,2 Covered Remainder YM Short @ 10881.00 --> + 3 [09:57] 0,3 Long YM @ 10884.00 -> large size [09:58] 0,6 exit stop moved to breakeven YM @ 10884.00 [09:58] 0,4 Shorts ES @ 1218.75 [09:59] :( [09:59] 0,2 Trailing Stop Hit YM @ 10884.00 --> 0 [09:59] 0,2 Covered 1/3 ES Short @ 1218 --> + 0.75 [10:00] 0,3 Long YM @ 10889.00 -> large size [10:00] 0,2 Covered Remainder ES Short @ 1218.75 --> 0 [10:01] Geeesh :( [10:01] Square's not shorting these higher highs? [10:01] Lucky for him, methinks [10:02] 0,2 Exited 1/2 YM Long @ 10902.00 --> + 13 [10:02] 0,3 Long ES @ 1220.25 [10:02] looks like es leading bullish advance [10:02] 0,2 Exited all ES Long @ 1220.25 --> 0 [10:02] 0,4 Shorts ES @ 1220.25 [10:02] short, not long [10:03] 4 SHORT SQUEEZE4 [10:03] 0,6 exit stop moved to breakeven YM @ 10889.00 [10:04] 0,4 Shorts YM @ 10898 [10:05] 0,2 Covered all YM Short @ 10913 --> - 15 [10:05] 0,2 Exited YM Long @ 10912.00 --> + 23 [10:05] Holding only 2 contracts. [10:07] 0,4 Shorts YM @ 10916 [10:07] 0,4 Shorts ES @ 1221 [10:10] 0,2 Covered all ES Short @ 1220.25 --> + 0.75 [10:11] 0,6 exit stop raised YM @ 10902.00 [10:13] 0,2 Covered all ES Short @ 1220 --> + 0.25 [10:13] computer problem...need to reboot. [10:14] 0,2 Covered 1/2 YM Short @ 10909 --> + 7 [10:14] 0,6 exit stop moved to breakeven YM @ 10916 [10:16] 0,2 Covered all YM Short @ 10916 --> 0 [10:20] 0,3 Long ES @ 1221 [10:21] 0,2 Exited all ES Long @ 1222.5 --> + 1.5 [10:21] 0,2 Exited YM Long @ 10925.00 --> + 36 [10:21] Nice Niha [10:21] Holding just 1 contract. [10:22] 0,3 Buys ES @ 1222.75 [10:24] 0,4 Shorts ES @ 1222.50 -> small size [10:24] Geesh...I've almost got 2/3 of last months YM profits all in one day of trading today :) [10:24] :) [10:24] We'll see a new RTH HOD or LOD yet today (according to the statisitics, anyway) [10:25] see ya in maui then ? [10:25] Will go into profit protection mode of my YM trades for the remainder of the month after today (small size only for YM). [10:25] You know what they say. Here today, gone to Maui. ;) [10:26] 0,2 Exited 1/2 Long ES at 1222 --> - 0.75 [10:27] See vacation comments in other room. [10:27] 0,4 Shorts YM @ 10920 [10:28] 0,2 Covered 1/2 ES Short @ 1221 --> + 1.5 [10:28] 0,3 Long ES @ 1221.25 4,0 ŤŤ paper ťť [10:31] missed the long entry ..went against the trend wrong move [10:31] 0,4 Shorts YM @ 10914 [10:31] 0,4 Shorts ES @ 21 [10:33] 0,2 Covered 1/2 ES Short @ 1220.75 --> + 1.75 [10:34] thats it fir now guys see ya all later gotto get reset my mind to go with the flow [10:36] 0,2 Covered 1/2 YM Short @ 10911 --> + 9 [10:36] 0,6 exit stop moved to breakeven YM @ 10920 [10:38] 0,2 Covered ES Short @ 20 --> + 1 [10:40] 0,3 Long ES @ 1220.25 -> Add 4,0 ŤŤ paper ťť [10:43] 0,6 exit stop set ES @ 1219.5 [10:46] 0,3 Long ES @ 1220.5 4,0 ŤŤ paper ťť [10:48] . [10:52] 0,2 stop hit ES @ 1219.5 --> - 3.25 [10:52] 0,2 Exited Remainder YM Long @ 10904.00 --> + 15 [10:52] 0,2 Exited all ES Long @ 1219.25 --> - 3 4,0 ŤŤ paper ťť [10:53] 0,2 Exited all ES Long @ 1220.25 --> - 0.25 4,0 ŤŤ paper ťť [10:53] 0,2 Covered all YM Short @ 10901 --> + 13 [11:01] Square woulda made out like a bandit today [11:08] 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. [11:08] 0,4 Shorts YM @ 10900.00 -> small size [11:09] Just caught a very nice Bearish Continuation pattern. [11:09] 0,6 exit stop moved to breakeven YM @ 10900 [11:10] :( [11:10] No follow-through [11:11] Looking for a pt1 unless I made a trade error and missed it. [11:11] 0,2 Covered all YM Short @ 10898.00 --> + 2 [11:15] 0,2 Covered all YM Short @ 10902 --> + 18 [11:17] Anybody see the crasy price action in the Eurex BUND, BOBL or Schatz earlier today ??? [11:17] yes [11:17] very crasy [11:17] Forgot to ask DblArrow because I know he trades T-Notes ZN. [11:17] Thus, I'm assuming he's also watchin BUND and others. [11:18] jimmy...do you trade the BUND ??? [11:18] i dont like it [11:18] trade more the ftse100 [11:18] I've traded it a few times...got bored out of my mind :) [11:19] FTSE-100...you should then be comfortable with trading ER2...they both can give a wild ride and do their superman thing once in awhile. [11:19] yes [11:22] 0,3 Long ES @ 1219 [11:41] 0,2 Exited all ES Long @ 1220 --> + 1 [11:48] Just on Monday I had a STRONG Bearish Bias :( [11:50] :) [11:59] Shorts ES 1220.25 1 or 2 day trade 10 pt initial stop [12:03] * Awash_afk is now known as Awash [12:08] k guys c u all later ...back to office.. [12:13] yawn! [12:17] 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. [12:30] 0,4 Shorts ES @ 20.75 [12:44] * Awash is now known as Awash_afk [12:52] 0,2 Covered ES Short @ 22.75 --> - 2 [12:53] YM is just a big BULL today. [12:59] 0,4 Shorts ES @ 1222.25 -> small size [13:03] 0,2 Covered ES Short @ 1223.00 --> - 0.75 [13:03] 0,3 Reverse and Enter Long ES @ 1223.00 [13:05] :( [13:10] 0,2 Exited ES Long @ 1221.75 --> - 1.25 [13:10] 0,4 Reverse and Enter Short ES @ 1221.75 [13:11] Paid the price on that first reversal into a Long...thought I had a signal and it wasn't :( [13:11] Added 1 contract to this reversal to see if I can make up some ground. [13:16] 0,4 Shorts YM @ 10926 [13:21] a quickie or longer hold Szu ? [13:22] Dont really like it. Entry Should have been 5-6 Points better, was talking on phone then chased it. [13:26] 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. [13:38] 0,2 Covered all YM Short @ 10925 --> + 1 [13:38] not worth trading this right now [13:39] i moved my stop to break even. [13:44] 0,2 Covered all YM Short @ 10928 --> 0 [13:45] :( [13:45] 0,2 Trailing Stop Hit ES @ 10900 --> - 9678.25 [13:45] Ooops... [13:46] 0,2 Covered all ES Short @ 1221.75 --> 0 [13:46] That's a breakeven trailing stop hit. [13:47] Will keep plugging away at it...I can smell something big coming soon :) [13:47] Clearing out YM stops... [13:48] 0,2 Trailing Stop Hit ES @ 1221.75 --> 0 [13:49] Down a whooping 2 points today in ES :) [13:52] 0,3 Long ES @ 1223.00 -> small size [13:54] At least it tested 1224 to get me at worst a breakeven trade. [14:00] 0,2 Exited all ES Long @ 1225.50 --> + 2.5 [14:01] Geesh...that was hard work trading ES to get profitable for the day in it. [14:01] The good thing is that I saw a particular price action in one of my key trade signals that needs researching... [14:02] Could be a signal to reverse a Short into a Long position prior to the stop for the Short position is hit. [14:07] hi [14:09] unbeilevbable ...good lord [14:10] oil up, bonds up, stock market up, eur up .. [14:15] 0,4 Shorts YM @ 10950 [14:20] pat255...I saw that discussion on TV... [14:20] Many are very curious that everything is up at the same time. [14:21] usually that is not the case...strange mkt [14:21] yup heard on TV...:) [14:21] Yep...its doing things this entire week that many haven't seen before. [14:21] Gotta adapt or get run over :) [14:22] this mkt if u lean on the wrong side a bit it kills u.. [14:22] 0,2 Covered all YM Short @ 10949 --> + 1 [14:22] i dont like it when Price just sits at my frikin entry for minutes [14:22] right... [14:23] Most likely Im done trading for today. Already reached my MAX 5 trades. [14:24] wise thing to do szu.. [14:25] They just not giving any good entries for Longs. And Shorts are kept to a minimum. Tough frikin Day. [14:27] szubaark...I've been trading for a little over 15 years and I've seen this type of changing market environment a few times before... [14:28] This type of volatility requires having some early warnings (hints) to either dump a loser at a small loss prior to stop being hit or reversing the losing trade position prior to stop being hit via some trade signal. [14:29] My best trades...biggest winners have occurred via trade position reversals. [14:29] My biggest losers have occurred because I stuck to the plan of letting the initial stop do its job :( [14:30] Ill keep that in mind. [14:30] good point niha...a losing trade just feezes my brain.. [14:31] May not be a big issue now but if this type of trading environment continues for many more months or longer... [14:31] It's very damaging especially for those that use wide stops and is discipline enough not to do anything until the stop is hit. [14:31] It's almost like being PUNISH for sticking to the trading plan :( [14:32] yup [14:32] hahah.. u got that right. I guess u cant do ANTHING RIGHT in this market [14:32] :) [14:34] Reason why I smelling (based on past market action)...its a time to ADAPT whatever we are currently using. [14:38] 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. [14:48] keep getting disconnectedf from mirc today [14:52] 0,2 Exited all YM Long @ 10957 --> + 8 [15:01] last hour...time for range [15:03] k guys back in a bit [15:08] wow, just looked at a weekly chart of the DOW; don't see much resistance for a while [15:11] yup not til 2001 [15:11] yep [15:14] on ES [15:15] we are at a 3.5 year high [15:24] YM looks like it wants more new intraday highs. [15:26] hmmm, intersting. TRIN is actually above 1.0. Normally on uptrend days like this it is below .70 or even below .50 [15:31] YM new high by 1 tick [15:31] lower volume though and ES did not confirm [15:50] 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. [15:50] I'm done. Have a good weekend everyone. [16:44] bye all. [16:44] cya monday [17:01] See all next Monday and have a good weekend. [17:01] * Disconnected Session Close: Fri Mar 04 17:01:15 2005