Session Start: Fri Apr 15 09:44:12 2005 Session Ident: #FuturesTrades [09:44] * Now talking in #FuturesTrades [09:44] [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab [09:44] 0,4 Shorts ES @ 1158.0 4,0 ŤŤ paper ťť [09:46] Market's expecting 91.5 [09:46] is it out ? [09:47] gm all [09:47] afraid to toch anything here [09:47] Not that I know of, we should get a lot of volatility [09:47] thinking the same [09:47] 0,3 Long YM @ 10227 [09:48] 88.7 [09:48] Pop on bad news and tank :) [09:48] should probably fade any highs [09:49] 0,2 Exited all YM Long @ 10236 --> + 9 [09:49] 0,3 Long YM @ 10240 [09:50] 0,2 Exited 1/2 YM Long @ 10247 --> + 7 [09:50] 0,6 exit stop moved to breakeven YM @ 10240 [09:51] 0,4 Shorts ES @ 1161.75 4,0 ŤŤ paper ťť [09:51] uh oh [09:51] 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. [09:51] 0,2 Covered all ES Short @ 1162 --> - 0.25 4,0 ŤŤ paper ťť [09:53] * FFT rolls the market back to 9:45 so he can go long [09:54] I love it [09:54] 0,4 Shorts ES @ 1161.75 [09:55] 0,4 Shorts ES @ 1162.25 4,0 ŤŤ paper ťť [09:55] 0,4 Shorts ES @ 1162.50 -> Add [09:57] 0,2 Covered all ES Short @ 1161.75 --> + 0.75 [09:57] 0,2 Covered all ES Short @ 1162 --> + 0.25 4,0 ŤŤ paper ťť [09:58] Here's a good example of knowing when its time to STOP TRADING, take a deep breath and develop a WRITTEN TRADING PLAN... [09:58] http://www.elitetrader.com/vb/showthread.php?threadid=48104 [09:58] This guy is lost and will stay lost if he continues trading. [10:00] . [10:00] * Awash is now known as Awash_afk [10:00] Yes, he does not even have a clear idea of what he was doing on paper. [10:01] Well I think we all were there owhen we started trading. [10:01] Yep. [10:01] Yes, but I think we had clearer ideas, analysed how we failed, etc [10:02] Reading his post i would say he even hasnt been trading for 6 Months. [10:02] He could be trying to absorb to much info at the same time along with having paper trading success with something he didn't have an actual trading plan for. [10:03] 0,4 Shorts ES @ 1162.5 4,0 ŤŤ paper ťť [10:03] Simply, I think it can be a huge problem when profiting without a trading plan because eventually the luck will run out and could setup some trading psychological problems. [10:04] 0,4 Shorts YM @ 10267 [10:04] In my journal on my desk...I stamp the word LUCK on any trade that resulted as a profit without me sticking to my trading plan. [10:05] That way whenever I do any hindsight analysis or reviews...I skip over those trades because they are meaningless. [10:05] 0,2 Covered all YM Short @ 10255 --> + 12 [10:05] 0,2 Covered 1/3 ES Short @ 1161 --> + 1.5 4,0 ŤŤ paper ťť [10:05] 0,6 exit stop set ES @ 1162.25 4,0 ŤŤ paper ťť [10:05] BE +.25 [10:07] PFBs at .75 are gonna take me stpo :( [10:07] 0,2 Trailing Stop Hit ES @ 1162.25 --> + 0.25 4,0 ŤŤ paper ťť [10:11] back to the lows ...sigh...was thinking L side ... [10:12] 0,2 Exited all YM Long @ 10243 --> + 3 [10:14] 0,4 Shorts YM @ 10229 [10:16] 0,2 Covered all YM Short @ 10238 --> - 9 [10:17] 0,3 Long YM @ 10236 [10:20] 0,2 Exited all YM Long @ 10241 --> + 5 [10:22] 0,4 Shorts ES @ 1159.25 [10:22] 0,4 Shorts ES @ 1159.75 [10:24] 0,2 Covered all ES Short @ 1160.5 --> - 1.25 [10:26] 0,3 Long YM @ 10249 [10:26] 0,2 Exited all YM Long @ 10251 --> + 2 [10:30] 0,4 Shorts ES @ 1161.50 -> Add [10:33] 0,4 Shorts ES @ 63.25 [10:33] 0,4 Shorts ES @ 1162.25 -> Add [10:33] 0,4 Shorts YM @ 10259 [10:34] 0,2 Covered 1/2 ES Short @ 62.0 --> + 1.25 [10:35] 0,4 Shorts YM @ 10251 [10:35] Had YM not pushed down so deeply in the current 3min interval...it would have set me up for a nice Short entry around 10255. [10:35] 0,2 Covered all YM Short @ 10247 --> + 12 [10:35] Via the Bearish Dark Inverted Hammer pattern [10:36] 0,2 Covered Remainder ES Short @ 61.5 --> + 1.75 [10:37] Bearish dark In Ham at 10h02 ?? is that it?? [10:38] 0,2 Covered 1/2 YM Short @ 10246 --> + 5 [10:38] 0,6 exit stop moved to breakeven YM @ 10251 [10:40] 0,2 Covered all ES Short @ 1160.75 --> + 0.5 [10:41] Actually, +1. [10:41] mispe...no... [10:42] I was talking about the 1035am est pattern that DIDN'T form. [10:42] I pushed down too deep. [10:42] In other words...the body of the dark candlestick was too long. [10:46] ok [10:46] 15min charts forming a wedge. [10:48] so you will try to trade the break out ?? [10:50] No way... [10:51] not your style ? [10:51] Meant...its just a wedge...when price does move...it should move hard...above or below the wedge. [10:51] If I get a trade signal while its in a wedge...I won't ignore it. [10:52] oh yes [10:52] Hopefully I do because I know when it does break hard...I'm on the right side of the trade...if not...I'll gladly reverse. [10:52] No signals so far. [10:52] :( [10:53] do you look after the signal in the 15min charts ? [10:53] No...now that I know there's a wedge on the 15min chart...I trade normal via my lower chart intervals... [10:53] ok [10:53] I strongly doubt I will get a trade signal out of the wedge via the 15min chart. [10:54] If I do...price would have moved hard already. [10:55] what kind of signal is the more likely ? [10:55] 0,2 Covered all YM Short @ 10251 --> 0 [10:56] :( [10:58] 0,4 Shorts ES @ 1163.5 4,0 ŤŤ paper ťť [10:58] That's more like it. If it hasn't moved in my favor by a tick when I post, seems like I usually take a loss [11:00] 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. [11:02] 0,4 Shorts ES @ 1161.75 [11:03] 0,2 Covered 1/3 ES Short @ 1162 --> + 1.5 4,0 ŤŤ paper ťť [11:03] Boy this wedge geting tighter and tighter.. should be explosive move either way [11:04] 0,4 Shorts YM @ 10242 [11:04] 0,2 Covered all ES Short @ 1161.25 --> + 0.5 [11:05] 0,2 Covered 1/3 ES Short @ 1160.75 --> + 2.75 4,0 ŤŤ paper ťť [11:06] 0,6 exit stop set ES @ 1163.25 4,0 ŤŤ paper ťť [11:06] BE+.25 [11:06] * FFT sets a three point trailer on his last contract with a target of 1157 [11:06] 0,2 Covered 1/2 YM Short @ 10237 --> + 5 [11:07] Breaktime :) [11:07] Im Keeping Stops tight [11:07] 0,6 exit stop moved to breakeven YM @ 10242 [11:07] This could go EITHER WAY [11:08] 0,2 Covered all YM Short @ 10241 --> + 1 [11:08] 0,3 Buys ER2 @ 591.5 4,0 ŤŤ paper ťť [11:09] 0,2 Exited 1/3 Long ER2 at 591.8 --> + 0.3 4,0 ŤŤ paper ťť [11:10] 0,2 Exited remainder Long ER2 at 591.5 --> 0 4,0 ŤŤ paper ťť [11:18] this wedge won't be resolved before lunch ?? [11:22] 0,3 Long YM @ 10245.00 -> small size [11:26] 0,4 Shorts YM @ 10230 [11:26] 0,2 Exited YM Long @ 10230.00 --> - 15 [11:26] 0,4 Reverse and Enter Short YM @ 10230.00 [11:27] 0,4 Shorts ES @ 1159.75 [11:30] 0,2 Covered YM Short @ 10228.00 --> + 2 [11:31] 0,3 Long YM @ 10228 [11:33] 0,2 Exited all YM Long @ 10230 --> + 2 [11:34] Dang... [11:34] 0,2 Covered all ES Short @ 1159.50 --> + 0.25 [11:35] 0,2 Covered 1/2 YM Short @ 10223 --> + 7 [11:35] 0,6 exit stop moved to breakeven YM @ 10230 [11:36] nice szu ..not trading today ....missed the am action ...this is dangerous here [11:36] thnx Pat.. yes this wedge is tough [11:37] 0,4 Shorts YM @ 10220.00 -> large size [11:38] nice ther niha ... [11:39] 0,2 Covered 1/2 YM Short @ 10210.00 --> + 10 [11:40] 0,6 exit stop moved to breakeven YM @ 10220.00 [11:40] I caught a nice pt1 (WRB) but my remainders are in trouble. [11:41] ES need to break this low for any further downside [11:42] 0,2 Trailing Stop Hit YM @ 10220.00 --> 0 [11:42] 0,3 Long YM @ 10219 [11:42] 0,3 Long ES @ 1158.75 [11:44] 0,2 Exited all YM Long @ 10224 --> + 5 [11:44] Double Bottom Buyas on ES [11:48] 0,3 Long YM @ 10219.00 -> large size [11:53] 0,2 Covered Remainder ES Short @ 1157 --> + 6.5 4,0 ŤŤ paper ťť [11:53] :) [11:53] 0,2 Exited YM Long @ 10204.00 --> - 15 [11:53] 0,4 Reverse and Enter Short YM @ 10204.00 [11:54] 0,4 Shorts ES @ 1157 [11:54] 0,4 Shorts ES @ 1157.25 -> Add [11:55] 0,4 Shorts YM @ 10206 [11:55] 0,4 Shorts YM @ 10200.00 -> Add [11:56] Good Patience on that Short FFT [11:56] 4 RED ALERT4 [11:56] 0,2 Covered all ES Short @ 1156.75 --> + 0.75 [11:56] 0,2 Covered all YM Short @ 10200 --> + 6 [11:58] Thanks Szu [11:58] 0,3 Long ER2 @ 587.30 [11:59] Yep...red alert especially when it wasn't a lower high (failed counter-thrust)... [11:59] :( [11:59] Looks like I'm going to eat this trade mistake. [12:00] 0,2 Covered all YM Short @ 10216 --> + 14 [12:01] 0,2 Exited all ER2 Long @ 587 --> - 0.3 [12:04] 0,4 Shorts ES @ 1157.50 [12:07] 0,4 Shorts ES @ 1158.50 -> Add [12:09] bye bye, have a good week end everybody. [12:09] 0,2 Exited all ES Long @ 1159.75 --> + 1 [12:09] 0,2 Covered all YM Short @ 10225.00 --> - 46 [12:09] That's a stop hit :( [12:12] 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. [12:12] 0,4 Shorts ES @ 1158.50 -> Add [12:13] reminds me of the good old days :) [12:13] 0,2 Covered all ES Short @ 1157.75 --> + 0.5 [12:13] back ...K guys c u all later ...back to office ...ty all [12:13] 0,4 Shorts YM @ 10215.00 -> large size [12:18] Crazy...at least I caught a lower high in comparison to the prior trade. [12:22] Prior trade was a bearish continuation pattern near exhaustion and not a bearish reversal signal. [12:23] 0,2 Covered all YM Short @ 10198.00 --> + 17 [12:24] 0,3 Long ES @ 1156.75 [12:24] That dug me half way out of the red. [12:31] 0,2 Exited all ES Long @ 1157.75 --> + 1 [12:35] 0,3 Long ES @ 1156.5 [12:35] 0,3 Long ES @ 1157 [12:37] 0,2 Exited all ES Long @ 1157.5 --> + 1 [12:38] 0,2 Exited all ES Long @ 1157 --> 0 [12:38] Correction: 1157.50, +0.5 [12:47] 0,3 Long ES @ 1156.25 [12:47] Whomever is tagging the range between 10200 and 10210 is doing well today. [12:48] lol [12:48] Anything outside that range is high risk trading...so far :) [12:49] Get short below 10200...it bounces right back up all the way up to 10210... [12:49] Get Long about 10210...it retraces all the way back down to 10200 :( [12:49] about = above [12:50] 0,4 Shorts YM @ 10885.00 -> large size [12:51] 0,4 Shorts YM @ 10185.00 -> large size [12:51] That's a correction. [12:53] recent range height in YM suggests/projects to 10150 [12:53] Wow [12:53] 0,2 Covered all YM Short @ 10170.00 --> + 15 [12:54] Well...guess that range from 10200 - 10210 got blasted out of the water :) [12:55] That's what happens when I take a break..... [12:55] Anybody recognize those types of drops... [12:55] Looks like stop runners or programs trades...YM drops a few points through support... [12:56] Pauses a little then for a second or two...there are large sizes and YM only moves a 1-3 points... [12:56] Then it drops another 10 points. [12:57] I see this happen no more then 3x in a roll in those parabolic drops. [12:57] After that...it bounces upwards about 10-15 points and possibly sets up another Lower High. [12:58] When it test 10160...lets see if it stalls a little. [13:00] It tested...that's that second type of drop...it has one more left and I'll be looking for a long position after that. [13:10] 0,4 Shorts YM @ 10182 4,0 ŤŤ paper ťť [13:12] 0,4 Shorts YM @ 10192 -> Add 4,0 ŤŤ paper ťť [13:12] 0,2 Covered all ES Short @ 1154.75 --> + 3.25 4,0 ŤŤ paper ťť [13:14] Right back again to 10200 :( [13:14] I think YM has finally found some legs to stand up on. [13:24] 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. [13:46] 0,4 Shorts ES @ 1155.50 -> small size [13:55] 0,2 Covered all ES Short @ 1154.75 --> + 0.75 [13:58] 0,2 Covered 1/2 YM Short @ 10179 --> + 13 4,0 ŤŤ paper ťť [14:01] 0,2 Covered Remainder YM Short @ 10187 --> - 5 4,0 ŤŤ paper ťť [14:02] 0,4 Shorts ES @ 1154.50 [14:06] 0,3 Long YM @ 10185 [14:11] 0,4 Shorts ES @ 1154.50 -> Add [14:12] 0,2 Exited all YM Long @ 10184 --> - 1 [14:14] 0,4 Shorts YM @ 10185 [14:14] 0,4 Shorts ES @ 1155.25 -> Add [14:15] 0,2 Covered all YM Short @ 10195 --> - 10 [14:15] 0,3 Long YM @ 10199 [14:25] 0,2 Exited all YM Long @ 10190 --> - 9 [14:25] 0,4 Shorts YM @ 10190 [14:29] 0,2 Covered all ES Short @ 1155.50 --> - 1.25 [14:31] No!!!! small profit +0.5 [14:31] 0,2 Covered 1/2 YM Short @ 10181 --> + 9 [14:31] 0,6 exit stop moved to breakeven YM @ 10190 [14:31] Im frikin Overtrading.. should have taken my Profits and called it a week [14:33] I am calling it a week, here! See you Monday. [14:36] 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. [14:46] 0,2 Covered all YM Short @ 10180 --> + 10 [14:47] 0,3 Long YM @ 10175 [14:52] We waiting for 3pm [14:53] 0,2 Exited all YM Long @ 10165 --> - 10 [14:59] 0,3 Long YM @ 10172 [15:03] 0,2 Exited all YM Long @ 10162 --> - 10 [15:03] :( [15:04] Now im down for day [15:05] wow look at that bastids [15:05] no trades today. cya all next week. [15:06] 0,3 Long YM @ 10160 [15:06] thought u were done :) [15:07] its in the blood yeh [15:07] mini Vegas [15:07] 0,2 Exited all YM Long @ 10150 --> - 10 [15:07] 0,4 Shorts YM @ 10150 [15:08] frikin 3 Stops in a row [15:08] looks like the full size [15:08] 0,2 Covered all YM Short @ 10160 --> - 10 [15:08] 0,3 Long YM @ 10160 [15:09] 10156 [15:09] 0,3 Long YM @ 10156 4,0 ŤŤ paper ťť [15:11] 0,2 Exited all YM Long @ 10150 --> - 10 [15:12] im down HUGE now on those 5 Stop outs in a row [15:13] 0,3 Long YM @ 10161 [15:14] know the feeling szu specially after u think u r done for the day and then a signal pops up ..and things star going hayware [15:14] 0,2 Exited all YM Long @ 10156 --> 0 4,0 ŤŤ paper ťť [15:14] yes im getting emotional now also which is a bad thing [15:15] 0,2 Exited all YM Long @ 10150 --> - 11 [15:15] yep ..consider this ur last trade and have a good wkend [15:16] wow.. i gave 3 profiftible trading days this week in last Hour.. [15:17] I dont remember Stunt like the one they pulled just now in a long time [15:18] lesson learnt but a costly one ..anyways not to bother as long as u promise urself not to repeat . have a good one [15:19] well with the dow 125 down and the naz 30 down there really was no long trade! [15:22] i guess sometimes you just have to ignore your signals [15:23] yep makes sense to stay with the trend specially given the last few days [15:24] or take a really quick small profit [15:24] exactly [15:24] but again is it worth the risk [15:25] probably not [15:25] tha call is what its all about [15:25] Ill swollow this HUGE losing day and move on. I lost my DISCIPLINE on those last trades. [15:27] not to worry szu u have the wkend to.relax and come mon its a whole new day [15:27] concentrate on finding short signals or don't trade , use inactivity as a weapon , advice i need to follow [15:28] so do we [15:29] see ya all gotta close shop [15:47] Wow...just got back from taking down all my winter stuff that was protecting the trees and bushes. [15:48] Hope someone made a lot of money on the Lower High rollover. [15:48] 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. [15:49] 0,4 Shorts YM @ 10094.00 -> small size [15:51] 0,2 Covered YM Short @ 10084.00 --> + 10 [15:51] :) [15:52] When the market is down like that...nothing wrong in hitting it some more :) [15:54] can't wait to hear what the talking heads are going to attribute this one to [15:58] Exactly...there was lots of talk about a "guarantee" support bounce early April. [15:58] Yesterday there was lots of talk that the market has come too far down and today will start to squeeze the shorts. [15:58] Hope they were trading their opinion...whenever I do...I get burnt. [16:02] We had 27 3-point moves today in ES [16:07] Wow...that's abnormal that many point moves like that in ES. [16:08] average is more like 10 to 12 [16:08] a bad day would be 5 [16:38] It was a great week of trading and the drop was 10x more impressive than that strong late afternoon uptrend day we had on the 12th. [16:41] Good night all...enjoy the weekend...I got a lot of spring cleaning to do this weekend :( [16:41] * Disconnected Session Close: Fri Apr 15 16:41:51 2005