Session Start: Mon Mar 28 09:39:25 2005 Session Ident: #FuturesTrades [09:39] * Now talking in #FuturesTrades [09:39] [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab [09:40] 0,4 Shorts ES @ 1179.75 [09:42] 0,4 Shorts ES @ 1179.50 -> small size [09:42] 0,4 Shorts ES @ 79.5 -> Add [09:45] 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. [09:45] 1,4Red Alert1,0 Lots of 4red1 in #FuturesTrades :( [09:46] Keep contracts on the low side today... [09:47] European markets are closed and that doesn't mean they will be "more" busy trading the U.S. markets. [09:47] Means they are at home taking it easy :) [09:49] No wonder i coudnt get a quote on Dax this morning. [09:49] 0,4 Shorts ES @ 1180.25 [09:50] 4 RED ALERT4 [09:51] 0,2 Covered ES Short @ 1180.50 --> - 1 [09:51] 0,3 Reverse and Enter Long ES @ 1180.50 [09:51] 0,2 Covered all ES Short @ 1180.75 --> - 0.5 [09:52] I got short too early but im stayin in as soon as it hits 81.5 it should swing back too 78.5 all these buyers are already long and no real movement [09:53] 0,4 Shorts ES @ 80.50 [09:53] 0,4 Shorts ES @ 81 -> Add [09:56] 0,4 Shorts YM @ 10507 [10:03] 0,2 Covered ES Short @ 81.50 --> - 1 [10:03] 0,2 Covered all YM Short @ 10517 --> - 10 [10:04] heres the 81.5 no more longs left should drop [10:06] 0,4 Shorts YM @ 10512 [10:06] there gos nas [10:09] Pretty strong buyers at 80.25 :( [10:10] Or was. :) [10:10] unconfirmed reports of Al Zarquari being sorrounded in iraq [10:10] 0,3 Long YM @ 10506 4,0 ŤŤ Scalp ťť [10:12] Some nice juicy rumor like LaGuardia being evaced could send us into a nice tailspin ;) [10:15] 0,2 Covered 1/2 YM Short @ 10506 --> + 6 [10:15] 0,6 exit stop moved to breakeven YM @ 10512 [10:16] 0,2 Covered all YM Short @ 10512 --> 0 [10:16] 0,2 Exited YM Long @ 10513 --> + 7 4,0 ŤŤ Scalp ťť [10:20] 0,4 Shorts ES @ 1179.75 -> Add [10:23] Darn bidders at 80.25 again. [10:26] i think the big boys are still on vacation [10:28] [10:10] unconfirmed reports of Al Zarquari being sorrounded in iraq [10:28] What news source ??? [10:28] cnbc [10:28] Thanks [10:29] urw [10:29] but denied in Irak (Irak government) [10:31] amex spy fading top here shorts coming in heavy [10:32] 0,3 Long ES @ 1182.00 -> Add [10:32] 0,4 Shorts ES @ 82 -> Add [10:36] 0,2 Exited 1/2 ES Long @ 1182.00 --> 0 [10:37] Thought I could get at least a point out of that 2nd contract :( [10:37] 0,6 exit stop moved to breakeven ES @ 1180.50 [10:37] Still long @ 1180.50 on that first contract. [10:40] 0,6 exit stop raised ES @ 1181.50 [10:44] 0,3 Long CAD @ 0.8177 [10:44] 0,4 Shorts YM @ 10521 [10:44] 0,2 Trailing Stop Hit ES @ 1181.50 --> + 1 [10:45] nice read niha ...geez everyone S .... [10:51] 0,2 Covered all YM Short @ 10533 --> - 12 [10:51] 0,3 Long YM @ 10533 [10:52] 0,2 Exited all YM Long @ 10524 --> - 9 [10:52] :(( [10:54] 0,4 Shorts YM @ 10524 [10:55] 0,4 Shorts YM @ 10522 [10:56] 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. [10:56] 0,2 Covered all YM Short @ 1519 --> + 9005 [10:57] 10519 ie +5 [11:01] next stop is 80 sellers at bottom 81.5 [11:07] 0,4 Shorts YM @ 10516 [11:08] 0,4 Shorts YM @ 10515 [11:09] 0,2 Covered all YM Short @ 10516 --> 0 [11:11] 0,2 Covered 1/2 YM Short @ 10514 --> + 8 [11:11] 0,6 exit stop moved to breakeven YM @ 10522 [11:19] 0,2 Covered 1/4 ES Short @ 81 --> + 1 [11:19] 0,2 Covered all YM Short @ 10522 --> 0 [11:20] 0,2 Trailing Stop Hit YM @ 10496 --> + 19 [11:20] correction [11:20] 0,2 Covered all YM Short @ 10522 --> - 7 [11:21] 0,2 Covered 1/4 ES Short @ 81 --> - 2.75 [11:21] thats +0 from 3rd entry at 81 [11:24] this is boring market [11:25] very boring & low vol no confidence in any setup... [11:26] 0,2 Covered Remainder ES Short @ 81 --> - 2.75 [11:26] oil is down [11:26] 0,3 Long ES @ 81.25 -> large size [11:26] 0,3 Long YM @ 10522 [11:29] 0,2 Exited all YM Long @ 10524 --> + 2 [11:32] 0,4 Shorts ES @ 1181.25 -> small size [11:34] bye [11:37] 0,6 exit stop moved to breakeven ES @ 1181.25 [11:38] Niha,,,in general what stop u keep on es? [11:40] You mean [11:40] 1-2 pts? [11:40] Do you mean my Initial Stop ? [11:40] yes... [11:40] I don't use fix stops because they are in comflict with price action... [11:40] Instead... [11:41] I based my stops on either candlestick s/r levels, non-logical areas for stop placement et cetera. [11:41] For example of the current Short... [11:42] I enter the trade via the 2min chart interval... [11:42] The length (High - Low) of the 2min interval I got short in...was .75 [11:43] I added .75 to the height (1181.75) to have an initial stop of 1182.50 [11:43] i c..so keep that as stop high of the interval.. [11:43] kty niha [11:44] With stops like that I'm obviously not looking for ticks as profits... [11:45] I'm looking for points. [11:46] 0,6 exit stop lowered ES @ 1181.00 [11:49] 0,4 Shorts YM @ 10513 [11:50] 0,3 Long ES @ 79.75 [11:51] 0,2 Exited ES Long @ 79 --> - 0.75 [11:54] geez looking at the chart ...nice entry Niha [11:55] 0,2 Exited all CAD Long @ 0.8178 --> + 0.0001 [11:55] scratched it out [11:56] 0,2 Covered all YM Short @ 10512 --> + 1 [11:58] Big fish must be still on vacation. [12:05] 0,3 Long ES @ 79.25 -> Add [12:08] 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. [12:13] 0,2 Covered ES Short @ 1178.25 --> + 3 [12:13] 0,3 Long ES @ 78 -> Add [12:14] It's a very boring trading day so it was easy to be patient with that trade. [12:31] 0,2 Exited 1/3 ES Long @ 80 --> + 2 [12:31] 0,3 Long ES @ 1180.25 -> small size [12:43] This thing is not moving. [12:44] its moving faster than me rite now [12:51] 0,4 Shorts YM @ 10512 [12:55] OK.. Prices hasnt moved last 3 minutes, i shoudnt be trading this [12:55] Magnitude 8.2 Quake Off Sumatra Coast [12:56] 0,2 Covered all YM Short @ 10511 --> + 1 [12:57] 0,4 Shorts YM @ 10511 [12:59] [12:55] Magnitude 8.2 Quake Off Sumatra Coast [12:59] Hmmm... [12:59] k guys c u all later ...back to the office ..ty [12:59] Take care [12:59] later Niha [13:02] 0,4 Shorts YM @ 10517 [13:11] 0,2 Covered all YM Short @ 10520 --> - 3 [13:12] 0,2 Exited 1/3 ES Long @ 81.25 --> 0 [13:12] 0,4 Shorts ES @ 81 -> large size [13:13] 0,4 Shorts YM @ 10519 [13:13] try it again sam [13:17] 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. [13:17] 0,2 Covered 1/3 ES Short @ 80.5 --> + 0.5 [13:23] 0,2 Covered 1/3 ES Short @ 80 --> + 1 [13:25] 0,2 Covered all YM Short @ 10519 --> 0 [13:27] . [13:27] * Awash is now known as Awash_afk [13:38] 0,6 exit stop moved to breakeven ES @ 1180.25 [13:40] 0,2 Trailing Stop Hit ES @ 1180.25 --> 0 [13:41] I thought for sure it would test 1182 before hitting my trailing stop :( [13:41] 0,2 Covered all ES Short @ 1180.75 --> - 2 [13:42] That trade was via the 15min chart interval...tested my patience. [13:44] mine was off 60min and i lost my patience within 15 min lol [13:50] 0,3 Long YM @ 10526 [13:56] 0,2 Exited all YM Long @ 10527 --> + 1 [13:57] i've got no patience [13:57] 0,4 Shorts YM @ 10526 [14:03] 0,2 Covered 1/2 YM Short @ 10519 --> + 7 [14:04] 0,6 exit stop moved to breakeven YM @ 10526 [14:10] because of this tight range im cutting my Profit targets on 1st contract [14:18] 0,2 Covered all YM Short @ 10526 --> 0 [14:18] Tough when u cant get any runners going :( [14:22] 0,4 Shorts YM @ 10519 [14:29] 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. [14:29] 0,2 Covered all YM Short @ 10529 --> - 10 [14:50] 0,3 Long YM @ 10540 [15:00] 0,4 Shorts YM @ 10543 [15:08] 0,2 Covered 1/2 YM Short @ 10537 --> + 6 [15:09] 0,6 exit stop moved to breakeven YM @ 10543 [15:29] 0,2 Exited all YM Long @ 10527 --> - 13 [15:30] TLT you were patient with that one. [15:30] [13:56] i've got no patience [15:30] lot a freak'n good it did me [15:31] i think thats one reason im so quick to take profits, when i don't i wish i had [15:33] i think patience is everyone problem [15:41] 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. [15:51] 0,2 Covered all YM Short @ 10527 --> + 16 [16:00] Come on ES nbew LOD [16:00] * FFT_Lunch is now known as FFT [16:01] Dang [17:06] See all tomorrow... [17:06] * Disconnected Session Close: Mon Mar 28 17:08:11 2005