Session Start: Wed Mar 16 08:27:34 2005 Session Ident: #FuturesTrades [08:27] * Now talking in #FuturesTrades [08:27] [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab [08:30] . [08:32] morn all [08:33] 0,4 Shorts ES @ 1200.00 -> small size [08:36] 0,4 Shorts ZN @ 108.921875 [08:36] gm just gave the market the excuse to do what it wanted to do anyway. [08:36] late entry sorry was busy [08:36] 0,2 Covered 1/2 ZN Short @ 108.859375 --> + 0.0625 [08:47] Short DAX 4351.00 large size [08:47] DAX trailing stop at breakeven [08:50] 0,6 exit stop moved to breakeven ES @ 1200 [08:50] Cover 1/2 DAX @ 4340 +11.00 [08:52] 0,2 Covered 2/3 ES Short @ 1196.75 --> + 3.25 [08:52] just superb niha well done [08:53] 0,6 exit stop lowered ES @ 1199.75 [08:54] DAX trailing stop lowered to 4350.00 [08:55] nice short niha [08:56] Makes up for the early missed DAX short signal around 0625am est [08:57] Got caught over-analyzing instead of taking action. [08:58] now we can chop since the market has moved [09:00] 0,2 Covered Remainder ZN Short @ 108.921875 --> 0 [09:12] 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. [09:15] I'm crossing my fingers I can catch another drop prior to the 1030am est EIA Petroleum Report. [09:20] gm all [09:31] Some days ya just look at the market and think "Beats the snot outta me". [09:33] thats most days for me fft [09:34] 0,4 Shorts ES @ 1198.75 [09:34] Heh., me too WBAT :) [09:35] not me [09:36] i have consistent high profits and i never make a mistake [09:36] millianire me [09:36] :) [09:36] oh boy... here we go [09:36] u mean ya didnt know, pj? [09:36] dint have a clue [09:37] i'm so pleased to be able to enlighten u on this occasion [09:40] 0,2 Covered all ES Short @ 1199.25 --> - 0.5 [09:43] 0,4 Shorts ES @ 1198.5 [09:45] 0,2 Covered all ES Short @ 1197 --> + 1.5 [09:45] I tried to add at 8.25 but I was too dang slow :( [09:46] 0,3 Long ES @ 1197.25 4,0 ŤŤ paper ťť [09:48] 0,2 Exited all ES Long @ 1197.5 --> + 0.25 4,0 ŤŤ paper ťť [09:49] Thought that was a fine spot for a bottom, but perhaps the market dissagrees. [09:50] 0,3 Long ES @ 1197 4,0 ŤŤ paper ťť [09:51] 0,3 Long YM @ 10721 [09:51] 0,2 Exited all ES Long @ 1197.75 --> + 0.75 4,0 ŤŤ paper ťť [09:53] The market has resolved into chaos once again for me. :P [09:53] u r doing good so far nice scalping [09:54] 0,2 Exited all YM Long @ 10721 --> 0 [09:54] Yeah, there was a nice harmony going. But as usual the various players couldn't agree on the same tune :( [09:54] 0,3 Long ES @ 1197.25 [09:56] 0,2 Exited all ES Long @ 1197.25 --> 0 [09:57] Today it feels like soembody is keeping ES down [09:57] 0,3 Long ES @ 1196.75 4,0 ŤŤ paper ťť [09:58] 3 green Alert3 [09:58] 0,3 Long ES @ 1197.25 [10:00] 0,3 Long YM @ 10721 [10:01] 0,3 Long ES @ 1197.75 4,0 ŤŤ paper ťť [10:01] Looks like everyone confused right now [10:01] 0,2 Exited ES Long @ 98 --> - 1099.25 [10:01] 0,2 Exited ES Long @ 1198 --> + 0.75 [10:02] 0,2 Exited all ES Long @ 1197.75 --> 0 4,0 ŤŤ paper ťť [10:02] 0,2 Exited all ES Long @ 1197.75 --> + 1 4,0 ŤŤ paper ťť [10:02] 0,4 Shorts ES @ 1197.75 [10:06] 0,2 Covered all ES Short @ 1197.5 --> + 0.25 [10:07] SMH keeps charting a path up bu ES just ain't followin [10:08] NQ wants up :( [10:09] the longer the market stays at this level the greater the chance that we won't fill the gap and that we will turn lower. [10:09] * FFT nods [10:09] It feels like the exact opposite of Monday [10:09] 0,2 Exited 1/2 YM Long @ 10725 --> + 4 [10:10] 0,6 exit stop moved to breakeven YM @ 10721 [10:10] A lot of bearish stuff this morning and the market hasn't sold off further...something is keeping this thing up. [10:11] NQ Blasting UP [10:14] NQ is obviously the leader of the pack so far... [10:14] Hope it sells off :) [10:15] 0,3 Long ES @ 1199 4,0 ŤŤ paper ťť [10:16] 0,3 Long ES @ 98.75 [10:16] 0,3 Buys ER2 @ 628.8 4,0 ŤŤ paper ťť [10:16] We shoulda went long ER, JP :( [10:16] we'll see [10:17] 0,2 Exited all ES Long @ 1199 --> 0 4,0 ŤŤ paper ťť [10:17] 0,4 Shorts ES @ 1199 [10:18] 0,2 Exited all Long ER2 at 628.5 --> - 0.3 4,0 ŤŤ paper ťť [10:19] 0,4 Shorts NQ @ 1515.5 [10:19] oil report 10 minuites [10:20] 0,2 Exited all YM Long @ 10722 --> + 1 [10:22] 0,2 Covered all ES Short @ 1198.25 --> + 0.75 [10:22] Dang quarter buyers [10:22] 0,4 Shorts YM @ 10720 [10:23] Dang [10:24] 0,2 Covered 1/2 YM Short @ 10714 --> + 6 [10:24] 0,2 Covered all NQ Short @ 1514 --> + 1.5 [10:24] 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. [10:26] 0,2 Covered all YM Short @ 10719 --> + 1 [10:26] :(( [10:26] 0,4 Shorts ES @ 1198 [10:26] 0,4 Shorts YM @ 10720 [10:26] Just a few more minutes...I'll no if my Short remainders will be profitable (chump change) or profitable (big time). [10:28] 0,2 Covered all YM Short @ 10717 --> + 3 [10:28] having connection problems thot it best [10:29] President Bush live on TV talking about his energy concerns (crude oil and natural gas). [10:29] time for oil report [10:30] I like when CNBC shows the realtime light crude oil charts...beats paying $65 per month for NYMEX quotes :) [10:31] agree :)) [10:31] Especially when I only need to see it on Wednesdays [10:32] 0,4 Shorts ES @ 1198 [10:32] 0,2 Exited ES Long @ 97.50 --> - 1.25 [10:32] :( [10:34] 0,2 Covered 1/3 ES Short @ 1197.25 --> + 0.75 [10:35] 0,4 Shorts YM @ 10711 [10:36] 0,2 Covered all ES Short @ 1196.25 --> + 1.75 [10:36] 1,4 Cover DAX @ 4320.00 8,2 +31 points and holding 2 contract remainders [10:37] 0,2 Covered 1/2 YM Short @ 10700 --> + 11 [10:37] 0,2 Covered 1/3 ES Short @ 1196 --> + 2 [10:37] 0,6 exit stop moved to breakeven YM @ 10711 [10:37] NICE NIHA [10:37] Been trading good this AM - my ego's so swelled I had to open my office door for more room ;) [10:37] hehe [10:37] 0,4 Shorts ZF @ 107-035 [10:40] We got some very good volatility now :) [10:40] 0,2 Covered Remainder ES Short @ 1196 --> + 2 [10:44] I think whole room is SHort also. Good job everyone. [10:45] 0,3 Long ES @ 1194 4,0 ŤŤ paper ťť [10:46] 0,2 Covered Remainder ES Short @ 1194.00 --> + 6 [10:46] 0,3 Long ES @ 94.25 [10:46] 0,3 Long ES @ 1194.25 [10:47] real neat niha :) [10:47] 0,2 Exited all ES Long @ 1194.5 --> + 0.5 4,0 ŤŤ paper ťť [10:47] 0,3 Long ER2 @ 627.10 [10:47] Catching the sell off in the 0830am est key economic reports was the key... [10:48] 0,4 Shorts ES @ 1195 [10:48] Had my ES stop at 1200 then 1199.75 [10:48] 0,2 Exited ES Long @ 95 --> + 0.75 [10:48] Came very close to having that remainder ES contract being hit for either breakeven or 1 tick profit. [10:49] i'm missing the pre mrkt session..going to make time for it [10:50] emini it doesnt always move pre-market report.. it did TODAY [10:50] 0,2 Exited all ER2 Long @ 627 --> - 0.1 [10:50] 1 tick vs 6 pts ...nice trade [10:50] Agree...huge difference between +0.25 and +6 points :) [10:51] understand szu ..but i at least want to start monitoring thr movement [10:56] 0,2 Exited all ES Long @ 1195.75 --> + 1.5 [10:56] 0,2 Covered all YM Short @ 10690 --> + 21 [10:58] nice trading szu [11:00] 0,4 Shorts ES @ 1194.50 [11:01] See if it will retest the low [11:01] if u dont mind whats ur stop on this one [11:02] Notional (rather than hard wired) 1196.25 [11:02] k thx [11:03] 0,3 Buys ER2 @ 627.4 4,0 ŤŤ paper ťť [11:03] On ES we have had 4 3pt moves so far today.... [11:03] typical day has at least 12 of them [11:04] 0,2 Exited 1/3 Long ER2 at 627.8 --> + 0.4 4,0 ŤŤ paper ťť [11:04] thanks emini [11:04] President Bush no longer on TV and Light Crude Oil at a all-time high [11:05] do these stats help in ur trading jper1 [11:05] yes [11:05] k [11:06] In Ensign software you can plot range bars as a chart [11:06] EAch bar same hight of 3 points [11:06] just wondering how it helps ? [11:07] I look at the volume histogram of each 3 point bar... [11:07] see where fair value is for that move [11:07] base trade on that [11:08] so for instance... [11:09] k thx .. but does it also indicate the side ( buy/sell ) [11:09] we are near Fair Value for the present 3 point bar [11:09] 1194.75 [11:09] Will wait for price action to move away from FV before initiating a trade [11:10] move away ..either way ? [11:10] yes [11:10] AT FV you don't know which way price will move [11:11] understand thx very much [11:12] jperl has explained why I should not be in my current trade... [11:12] :) [11:13] we live and learn [11:13] sometimes only the latter [11:13] I had learnt the lesson before, but did it anyway. [11:13] Must do better [11:18] 0,2 Exited remainder Long ER2 at 626.5 --> - 0.9 4,0 ŤŤ paper ťť [11:18] ouch [11:18] 1,4 Cover DAX @ 4311.00 8,2 +40 points and holding 1 contract remainder [11:18] nice Niha .... [11:18] nt [11:19] 0,2 Covered all ES Short @ 1194 --> + 1 [11:19] 0,2 Covered all ES Short @ 1194 --> + 0.5 [11:19] Nice exit, Square :) [11:19] It was a bad speculative play (at least small). Thx [11:20] Geesh...I feel like an Armed Robber today...somebody call the swat team :) [11:21] Green with envy... [11:22] GM disappointment, President Bush on TV, Light Crude Oil at record highs and Quadruple Witching week...was very easy to develop a Bearish bias and then trade it. [11:22] I can see that, but I wasn't at my desk. Other duties. [11:24] 0,4 Shorts ER2 @ 625.2 4,0 ŤŤ paper ťť [11:26] ok...FV now at 1195...lets see if we move back to it [11:27] What period are u using for FV=1195? [11:27] 0,4 Shorts ES @ 1193.245 4,0 ŤŤ paper ťť [11:28] 0,4 Shorts ES @ 1193.25 4,0 ŤŤ paper ťť [11:28] 3 point range bars [11:28] I overlay the volume histogram one ach 3 point range [11:28] on each 3 point range [11:29] Must have a look at that. Thanks [11:29] 0,2 Covered all ES Short @ 1193.75 --> - 0.5 4,0 ŤŤ paper ťť [11:29] We just completed the last 3 point range...so overlayed the volume histogram on that [11:30] 0,4 Shorts ES @ 1193.75 4,0 ŤŤ paper ťť [11:31] 0,4 Shorts ES @ 1194.5 -> Add 4,0 ŤŤ paper ťť [11:32] We've moved back to FV....see how easy it is? LOL [11:33] * les is now known as lesAway [11:34] so now we are at FV....every body happy trading here [11:35] price will stick around here for a bit...until some maverick comes along and decides he wants to move FV elsewhere [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. [11:38] Using 15 minute bars, also v close to fair value. And you can v clearly see that the day has two ranges [11:38] The bottom of the first hour is just about 1196.25 [11:38] I would guess it makes it hard to shift back into the earlier range [11:41] 0,4 Shorts ES @ 1194.25 [12:05] * Awash is now known as Awash_afk [12:10] 0,3 Long ES @ 1194.75 4,0 ŤŤ paper ťť [12:15] 0,2 Exited all ES Long @ 1195.5 --> + 0.75 4,0 ŤŤ paper ťť [12:17] 0,2 Covered ES Short @ 1195.5 --> - 1.75 4,0 ŤŤ paper ťť [12:17] 0,3 Reverse and Enter Long ES @ 1195.5 4,0 ŤŤ paper ťť [12:18] 0,4 Shorts ES @ 1195.75 [12:19] Stop hunting coming up, perhaps [12:20] i woud'nt go long till the hod is broken [12:21] 0,2 Covered all ES Short @ 1194.25 --> 0 [12:21] Late report..... [12:21] 0,4 Shorts ES @ 1194.50 [12:22] 0,2 Covered 1/3 ES Short @ 1194.75 --> + 1 [12:22] 0,2 Covered all ES Short @ 1194.75 --> - 0.25 [12:22] Correction entry was 1195.50 [12:24] 0,4 Shorts YM @ 10687 [12:25] * NihabaAshi is now known as NihabaAshi_lunch [12:31] 0,2 Covered 1/3 ES Short @ 1194 --> + 1.75 [12:32] 0,2 Covered all YM Short @ 10686 --> + 1 [12:32] got a conflicting signal after the entry [12:34] DAX trailing stop on remainder is lowered to 4326.50 [12:35] Be back later. [12:35] k [12:44] 0,4 Shorts ES @ 1195.50 -> Add [12:44] trend is down Short is the way to go [12:45] yep [12:48] 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. [12:57] 0,3 Long YM @ 10698 [12:58] i dont like the way it looks but... [12:59] 0,2 Exited all YM Long @ 10709 --> + 11 [12:59] 0,4 Shorts ES @ 1196.75 -> Add [13:08] 0,4 Shorts ES @ 1196.75 [13:08] FV for last 3 point move at 1194.50 [13:08] let's see if we move back there [13:30] 0,2 Covered all ES Short @ 1195.50 --> + 1.25 [13:31] Have got back to FV, more or less [13:33] 0,2 Covered 1/3 ES Short @ 1195 --> + 1.75 [13:33] * NihabaAshi_lunch is now known as NihabaAshi [13:33] 0,2 Covered 1/3 ES Short @ 1195 --> + 0.75 [13:34] moved back to FV [13:34] 1194.50 [13:34] 0,3 Long ES @ 1195 4,0 ŤŤ paper ťť [13:37] Starting new 3 point range bar [13:38] 0,2 Covered 1/3 ES Short @ 1194.50 --> + 1.25 [13:45] 0,2 Covered Remainder ES Short @ 1195.50 --> + 0.25 [13:45] 0,4 Shorts YM @ 10700 4,0 ŤŤ Scalp ťť [13:47] 0,2 Covered YM Short @ 10694 --> + 6 4,0 ŤŤ Scalp ťť [13:52] 0,4 Shorts ES @ 1193.75 [13:55] hello everyone [13:56] hey ur back :)))))))))))))))) [13:56] like bobby fisher im back i was in hiding....lol [13:56] was wondering [13:57] 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. [13:57] I moved to Viva Las vegas and now I will be trading again [13:57] great welcome back [13:58] thxs everyone been pullin lots of points out? [13:58] nah not me [13:58] 1,4 Cover DAX @ 4313.00 8,2 +38 points on last remaining contract [13:59] i think u r done for the day right niha :) [13:59] Yep. [14:00] hey niha I see your trading dax more...thats great Ill be doin the same it opens around midnight for me here on the west coast [14:01] 0,2 Covered 1/3 ES Short @ 1192.75 --> + 1 [14:03] 0,2 Covered 1/3 ES Short @ 1191.50 --> + 2.25 [14:03] Ok...I normally trade it between 3am - 930am est when I have a sleepless night because of the toddler... [14:03] Nice short emini [14:03] thx squre [14:04] Other than that...most my DAX trades occurs after 0930am est...which isn't a good time for me to trade it. [14:04] 0,4 Shorts YM @ 10678 4,0 ŤŤ Scalp ťť [14:04] could you tell me whats a quick way to load the script in mirc? [14:04] 0,3 Long ES @ 1162.50 -> small size [14:04] Correction [14:05] 0,3 Long ES @ 1192.50 -> small size [14:05] No quick way...the instructions in the same thread where you got the password is the best way to go about it. [14:05] 0,2 Exited all ES Long @ 1192.75 --> + 0.25 [14:15] sorry guys it wont show my name [14:19] 0,2 Covered Remainder ES Short @ 1193.75 --> 0 [14:19] By the way...DAX contract changeover occurred today from the H to M. [14:19] 0,2 Covered YM Short @ 10690 --> - 12 4,0 ŤŤ Scalp ťť [14:20] I think the volume in the M contract picked up soon after 0930am est. [14:20] 0,3 Long ES @ test [14:22] Meant...changover schedule for the 18th but the volume for the M contract picked up today. [14:27] 0,3 Long ES @ 93.25 -> small size [14:28] Welcome back matrix. [14:31] thx szu you been doin good [14:32] yeah not bad. still screw up here and there [14:32] who does'nt :) [14:35] 0,4 Shorts YM @ 10675 [14:39] This reminds me of the position on Monday afternoon, when market had died. [14:39] Short covering produced big rally into the close. [14:39] Would not be surprised if it happened today. [14:40] Nonetheless, I'm done. [14:40] G'night all. [14:41] see ya [14:43] 0,2 Covered all YM Short @ 10670 --> + 5 [14:43] was hoping we wud make another low [14:43] i think their goin run it up into the close shorts will cover and intitutions will buy...but im just gettin warmed up :) [14:45] 0,3 Long ES @ 1191.75 [14:47] 0,2 Exited all ES Long @ 1191.75 --> 0 [14:47] 0,3 Long ES @ 91.50 -> Add [14:48] 0,3 Long ES @ 1191.50 [14:48] mine is a coin toss ..tight stop [14:53] im getting Long signals also but passing on them. [14:54] something is holdin it up if it was goin to drop should have done by now [14:55] will probably test low once more [14:55] also nice hammer on 5 min spx [14:56] today im at a disadvanage cuase I dont have my charting up yet just trading off a cheap free chart... [14:58] 0,2 Exited all ES Long @ 1190.50 --> - 1 [15:02] 0,3 Long ES @ 1191 [15:05] 0,2 Covered all ZF Short @ 107'030 --> + 107-035 - 107'030 [15:05] I hate days like this, where they move it slowly and controlled. [15:05] way late report ... forgot to post it. [15:05] Tell me about it. Had an order to cover my short at 90.5, and it kept bouncing with no fill. :P [15:06] I hung on tho. But now I'm plumb wore out lol [15:09] 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. [15:09] 0,3 Long YM @ 10662 [15:09] 0,2 Exited 1/2 ES Long @ 1192.50 --> + 1.5 [15:09] 0,2 Exited 1/2 ES Long @ 92.5 --> + 1 [15:11] any small pullback should see Shorts start covering slowly [15:11] i think intitutions are fading the support on daily chart back in feb 22 23 [15:11] thats why its grinding down as soon as little guys give up on the shorts we should see a pop up [15:18] hi all ...back [15:19] 0,2 Exited Remainder ES Long @ 1191 --> 0 [15:20] 0,3 Long ES @ 91.25 -> Add [15:20] 0,2 Exited all YM Long @ 10652 --> - 10 [15:21] 0,4 Shorts YM @ 10649 [15:22] I guess its you Long you WRONG [15:27] 0,2 Covered 1/2 YM Short @ 10646 --> + 3 [15:27] 0,6 exit stop moved to breakeven YM @ 10649 [15:33] 0,2 Covered all YM Short @ 10648 --> + 1 [15:33] 0,3 Long YM @ 10650 [15:36] man any Longs are TOUGH [15:38] 0,2 Exited 1/2 YM Long @ 10660 --> + 10 [15:38] 0,6 exit stop moved to breakeven YM @ 10650 [15:41] 0,2 Exited 1/2 ES Long @ 92.25 --> + 1 [15:41] :) [15:57] 0,2 Exited all YM Long @ 10666 --> + 16 [15:57] have to take care of a racoon [16:02] 0,2 Exited Remainder ES Long @ 92.75 at close --> + 92.75 at close - 93.25 [16:03] see ya later guys and gals:) [16:11] cya tomorrow [16:16] goodnight all [16:21] 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. [16:54] * Disconnected Session Close: Wed Mar 16 16:54:57 2005