Session Start: Thu Apr 21 09:29:25 2005 Session Ident: #FuturesTrades [09:29] * Now talking in #FuturesTrades [09:29] [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab [09:31] quiet in the room... [09:32] Anybody long overnight? [09:33] gm all [09:34] mkt agaain in rush to move up [09:34] 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. [09:35] 0,4 Shorts ER2 @ 592.30 -> small size [09:36] 0,4 Shorts ER2 @ 592.70 -> Add [09:40] 0,4 Shorts YM @ 10117 [09:40] 0,4 Shorts ER2 @ 593.60 -> Add [09:40] 0,4 Shorts ES @ 1150.0 4,0 ŤŤ paper ťť [09:41] 0,2 Covered Remainder YM Short @ 10123 --> - 6 [09:41] 0,2 Covered 1/3 ER2 Short @ 594.00 --> - 0.4 [09:41] 0,2 Covered 1/3 ER2 Short @ 594.00 --> - 1.7 [09:41] 0,2 Covered 1/3 ER2 Short @ 594.00 --> - 1.7 [09:42] 0,4 Shorts ES @ 1150.50 [09:43] i think a short would have paid off.. [09:44] 0,4 Shorts ER2 @ 593.90 -> large size [09:45] 0,2 Covered all ES Short @ 1150 --> + 0.5 [09:45] I'm obviously bias short and looking for a GAP fill. [09:45] S ym 20 [09:45] 0,4 Shorts YM @ 10119 4,0 ŤŤ paper ťť [09:46] 0,6 exit stop set YM @ 10128 4,0 ŤŤ paper ťť [09:46] huge gap [09:46] 0,6 exit stop lowered YM @ 10121 4,0 ŤŤ paper ťť [09:46] greenspan speaking in 15 min [09:46] :( [09:46] Also very steady buying all the way through the morning in Europe, and still ? continuing [09:47] 0,6 exit stop lowered YM @ 10117 4,0 ŤŤ paper ťť [09:47] cover ym 11 [09:48] 0,4 Shorts YM @ 10110 [09:48] nice one niha [09:48] 0,6 exit stop lowered YM @ 10112 4,0 ŤŤ paper ťť [09:49] 0,2 Covered 1/2 YM Short @ 10100 --> + 19 4,0 ŤŤ paper ťť [09:50] 0,6 exit stop lowered YM @ 10108 4,0 ŤŤ paper ťť [09:50] 0,2 Covered 1/2 YM Short @ 10097 --> + 13 [09:51] 0,3 Long ES @ 1148.25 -> small size [09:52] 0,3 Long YM @ 10100 [09:52] 0,2 Covered Remainder YM Short @ 10105 --> + 14 4,0 ŤŤ paper ťť [09:52] 0,2 Exited all ES Long @ 1148.75 --> + 0.5 [09:52] 0,2 Covered Remainder YM Short @ 10106 --> + 4 [09:54] 0,6 exit stop moved to breakeven ER2 @ 593.90 [09:54] 0,6 exit stop lowered ER2 @ 593.80 [09:56] 0,2 Covered ER2 Short @ 593.70 --> + 0.2 [09:56] 0,3 Reverse and Enter Long ER2 @ 593.70 [09:56] 0,2 Exited 1/2 YM Long @ 10114 --> + 14 [09:57] leading indicators at 10?? [09:57] Philly fed at 12?? [09:57] Suspicious price action...maybe something got leaked a little early. [09:58] 0,2 Exited 1/3 ER2 Long @ 594.80 --> + 1.1 [09:59] I was afraid I might have forgot how to take a long [09:59] 0,6 exit stop moved to breakeven ER2 @ 593.70 [09:59] Now you see why Greenspan makes me more nervous than any econ report :( [09:59] 0,2 Exited Remainder YM Long @ 10123 --> + 23 [10:00] couldnt agree more [10:00] 0,4 Shorts DAX @ 4215 [10:00] i still remember the irrational exuberance comment [10:01] U.S. MARCH LEADING ECONOMIC INDICATORS FALL 0.4% [10:01] :( [10:01] U.S. MARCH LAGGING INDICATORS FALL 0.1% [10:01] 0,4 Shorts ES @ 1149 -> small size [10:01] 0,2 Trailing Stop Hit ER2 @ 593.70 --> 0 [10:02] 0,4 Shorts ES @ 1150.75 -> Add [10:04] 0,4 Shorts YM @ 10116 [10:04] 0,4 Shorts ER2 @ 593.60 -> large size [10:04] 0,2 Covered all ES Short @ 1149.50 --> + 0.75 [10:05] 0,3 Long YM @ 10103 [10:06] 0,2 Covered all YM Short @ 10104 --> + 12 [10:06] 0,3 Long YM @ 10105 -> Add [10:07] Geesh... [10:08] 0,2 Exited Remainder YM Long @ 10100 --> - 8 [10:08] 0,2 Covered 1/3 ER2 Short @ 592.50 --> + 1.1 [10:08] 0,2 Covered all DAX Short @ 4209 --> + 6 [10:09] I'm now profitable for the day and hopefully I can ride these remainders into a GAP fill. [10:10] an idea of the timeschedule for the GAP fill ??? [10:11] Time Schedule: As soon as possible :) [10:12] It' said usually that if not done before 10h30 it won't happen ??? [10:12] So far via this price action...anything is possible. [10:13] Market just seems going up and down at random. [10:13] uncle all is speaking i think [10:13] thats what usually happens when greenie is putting all to sleep...lol [10:14] :( [10:14] That guy can easily mess up any good strategy or TA. [10:15] 0,3 Long YM @ 10105 [10:15] 0,2 Covered 1/3 ER2 Short @ 593.40 --> + 0.2 [10:17] 0,2 Exited Remainder YM Long @ 10093 --> - 12 [10:17] I loss a few contracts due to mismanagement... [10:18] Looking to ADD via any type of signal [10:19] add to short? [10:19] Yes...I missed my chance at 592.80 :( [10:19] gotcha. i missed it as well. [10:22] 0,3 Long YM @ 1427 [10:23] nq [10:23] 0,3 Long YM @ 1427 [10:23] cancel all that will repost [10:24] 0,3 Long NQ @ 1427 [10:24] 0,2 Exited Remainder YM Long @ 1427 --> 0 [10:25] choppy [10:32] :( [10:32] 0,2 Exited 1/3 NQ Long @ 1429.5 --> + 2.5 [10:32] Darn greenspan. [10:32] speak for yourself :) [10:34] 0,2 Exited 1/3 NQ Long @ 1431.5 --> + 4.5 [10:35] 0,2 Covered all ER2 Short @ 593.00 --> + 0.6 [10:38] 0,4 Shorts ER2 @ 592.30 -> small size [10:40] 0,4 Shorts YM @ 10104 [10:40] :( [10:41] 0,2 Covered all YM Short @ 10097 --> + 7 [10:42] 0,2 Exited Remainder NQ Long @ 1428.5 --> + 1.5 [10:43] 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. [10:46] 0,2 Covered 1/3 ER2 Short @ 590.30 --> + 2 [10:47] 0,6 exit stop lowered ER2 @ 592.30 [10:48] 0,6 exit stop lowered ER2 @ 592.20 [10:49] 0,3 Long ES @ 1146.5 [10:49] nice trading niha [10:49] :) [10:50] I'm not out of the woods just yet... [10:50] albtros just went Long :( [10:50] I gots a long feeling [10:50] I guess it could be worse...he could have gotten Long in ER2 :) [10:51] I got me best trade signal of the day...unfortunately I only have a small size position. [10:52] 0,4 Shorts ES @ 1146.50 [10:52] but im keeping it tight [10:52] a little bit of support here [10:54] I think the inatial fall this mrn was stuck longs thanking god for the gap [10:54] lol [10:54] 0,2 Exited 1/3 ES Long @ 1148 --> + 1.5 [10:56] 0,4 Shorts ES @ 1147.75 -> Add [10:56] 0,2 Exited 1/3 ES Long @ 1148.25 --> + 1.75 [11:01] Philly Survey@12 Eastern [11:02] Looks like I'm going to need some help for a possible GAP fill...maybe the Philly Survey can work in my favor. [11:04] 0,2 Covered all ES Short @ 1146.75 --> + 0.75 [11:05] Lets try this again [11:10] 0,2 Exited Remainder ES Long @ 1146 --> - 0.5 [11:13] 0,3 Long YM @ 10079 [11:15] * FFT_Dentist is now known as FFT [11:15] ANybody interested in a free Trader's Monthly subscription? [11:15] won't minf FFT.. [11:15] already there FFT :) but thanks [11:15] mind [11:16] YEah, they signed me up as well, just got an email with a link for anybody they missed: http://www.traderdaily.com/members/signup.html [11:16] funny story [11:17] in the print issue this month, they have a piece on rickey chen [11:17] rickey gets $180,000 for a seminar to teach trading [11:17] rickey is also RC-Trader on ET. [11:18] look it up. i figured up his trade postings. [11:18] he is very accurate. 93% hit rate [11:18] but they are all losers. [11:19] 93% sounds like a very fadable guy :) [11:19] seriously [11:19] I thought he sucked in the readers by losing for a month, and then winning ever increasing amounts... [11:22] 0,2 Exited 1/3 YM Long @ 10083 --> + 4 [11:23] 0,2 Exited 1/3 YM Long @ 10082 --> + 3 [11:25] 0,4 Shorts YM @ 10080 4,0 ŤŤ paper ťť [11:30] 0,3 Long ES @ 1146.75 -> small size [11:30] 0,3 Long YM @ 10081 -> Add [11:32] 0,2 Exited all ES Long @ 1147 --> + 0.25 [11:33] 0,2 Exited 1/2 YM Long @ 10091 --> + 10 [11:34] 0,4 Shorts ES @ 1146.50 -> small size [11:34] S nq 28.5 [11:39] 0,4 Shorts ES @ 1147.25 -> Add [11:40] 0,4 Shorts YM @ 10099 [11:42] 0,2 Covered all YM Short @ 10102 --> - 3 [11:43] Suddenly riding tiger [11:43] 0,2 Exited Remainder YM Long @ 10105 --> + 26 [11:44] 0,2 Covered all YM Short @ 10105 --> - 25 4,0 ŤŤ paper ťť [11:44] PUNKS [11:44] 0,2 Trailing Stop Hit ER2 @ 592.20 --> + 0.1 [11:44] ;) [11:46] 0,4 Shorts ES @ 1148.75 -> Add [11:47] I thought I would be able to ride that one for the rest of the day...wasn't meant to be. [11:49] Still think gap will close, although my current short did not assume that [11:53] 0,4 Shorts YM @ 10108 4,0 ŤŤ paper ťť [11:55] 0,4 Shorts YM @ 10106 4,0 ŤŤ paper ťť [11:55] 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. [11:56] 0,6 exit stop set YM @ 10121 4,0 ŤŤ paper ťť [11:57] Phily fed in 3 [12:01] 0,4 Shorts ES @ 1150.50 -> Add [12:01] Old saying...if it ain't dropping...it must be going up. [12:01] U.S. APRIL PHILLY FED 25.3 VS. 11.4 MARCH [12:01] 0,3 Long ER2 @ 594.60 -> small size [12:02] 0,6 exit stop moved to breakeven ER2 @ 594.60 [12:02] 0,2 Covered all YM Short @ 10134 --> - 28 4,0 ŤŤ paper ťť [12:03] U.S. APRIL PHILLY FED SHIPMENTS 29.4 VS. 14.6 [12:03] EURO FALLS TO $1.3068 VS $1.3088 BEFORE PHILLY FED [12:04] 0,2 Exited 1/3 ER2 Long @ 595.60 --> + 1 [12:15] :( [12:15] One lousy tick and I would have dumped it :( [12:16] Same thing happen on that Short but I would have kepted 1 contract :( [12:16] Just in case it was going for a GAP fill. [12:16] 596.80 is my target for a contract. [12:18] 0,6 exit stop raised ER2 @ 594.70 [12:21] 0,2 Exited 1/3 ER2 Long @ 596.80 --> + 2.2 [12:23] I got no target for this remaining contract... [12:24] Therefore...will just let it ride just in case it keeps going up. [12:24] nice one [12:24] Be back later...will post late trade result if stop is hit while I'm gone. [12:24] nice entry Niha ...geez missed it :( [12:26] thk goodness I got out my S on ym.... [12:28] k guys back to the office ...c u all later ..ty [12:29] cu [12:51] 0,4 Shorts ES @ 1153 4,0 ŤŤ paper ťť [12:52] Man, I *just* got that one in before it moved. [12:52] Prolly wouldn't have a fill in real life [12:53] Now I'd have a fill tho :) [12:54] 0,2 Covered 1/3 ES Short @ 1152.25 --> + 0.75 4,0 ŤŤ paper ťť [12:54] Now keep going, ES [12:56] 0,6 exit stop set ES @ 1152.75 4,0 ŤŤ paper ťť [12:56] be +.25 [13:01] TOugh to get accurate quotes in this fast paced environment ;) [13:01] 0,2 Covered 1/3 ES Short @ 1151.25 --> + 1.75 4,0 ŤŤ paper ťť [13:03] * FFT pipes Molly Hatchet's Flirten' With Disaster onto the trading floor. [13:04] Droll [13:04] * WannaBeATrader is now known as WBAT-afk [13:06] Bleah, I prolly get stopped out on this last one :( [13:06] Upper Range days are tuff on my trading plan [13:07] 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. [13:07] They are, but the uptrend is looking fragile (at last) [13:08] on my 5-min chart, we just made the second lower hi [13:08] I think [13:09] 0,2 Trailing Stop Hit ES @ 1152.75 --> + 0.25 4,0 ŤŤ paper ťť [13:09] Not bad, a bit below 1 point/contract average [13:10] 0,3 Long YM @ 10145 4,0 ŤŤ paper ťť [13:11] Hmmm, tempting to try again [13:12] If it stops here, yes. [13:13] 0,4 Shorts ES @ 1153.5 4,0 ŤŤ paper ťť [13:13] I might have jumped the gun a tad [13:14] Hmmmm, it's nto coming down like I thunk it would :( [13:14] I've still got quite a large short running [13:15] it may not come down until it has tried 55 [13:16] 0,2 Covered all ES Short @ 1153.25 --> + 0.25 4,0 ŤŤ paper ťť [13:19] 0,4 Shorts ES @ 1154.25 4,0 ŤŤ paper ťť [13:27] 0,2 Exited all YM Long @ 10146 --> + 1 4,0 ŤŤ paper ťť [13:28] 0,2 Covered 1/3 ES Short @ 1153.25 --> + 1 4,0 ŤŤ paper ťť [13:28] 0,6 exit stop set ES @ 1154 4,0 ŤŤ paper ťť [13:28] BE+.25 [13:30] 0,2 Covered 1/3 ES Short @ 1153.25 --> + 1 4,0 ŤŤ paper ťť [13:31] This lastr one I'll save for a huge, massive runner or stopped out [13:32] 0,2 Trailing Stop Hit ES @ 1154 --> + 0.25 4,0 ŤŤ paper ťť [13:35] Dang, I can't short this one [13:36] Why not? [13:36] Which means, we'll prolly go straight down and close the gap, lol [13:39] Hard to believe we could trend up this afternoon (with a 17point range already), but the breadths are all looking bullish. [13:39] 17.5 now [13:40] Very near my final loss of faith point!! [13:41] 0,4 Shorts ES @ 1155 4,0 ŤŤ paper ťť [13:41] I'm with ya in spirit, Square :) [13:42] 0,6 exit stop set ES @ 1156 4,0 ŤŤ paper ťť [13:42] This last leg up is the problem. [13:42] Big ticket buying has come in too [13:42] 0,2 Trailing Stop Hit ES @ 1156 --> - 1 4,0 ŤŤ paper ťť [14:10] This is the decisive moment [14:11] One mor pop on some volume...ER2 whould test 600.00 [14:11] 0,2 Covered ES Short @ 1157.75 --> - 11.25 [14:11] 0,3 Reverse and Enter Long ES @ 1157.75 [14:11] Man Square. I looked at your entries. There isn't enough whiskey in this whole world to let me trade like you do. [14:12] Now thats a Stop [14:12] don't drink. [14:12] :) [14:12] Also, I am running two books. A very successful scalping book, and a much riskier martingale book. [14:13] ER2 is just creeping upwards...I'm still waiting for a decisive pop on some good volume... [14:14] Nice that was a nice Long entry. I had NO signal to enter when u did. [14:14] A day like today will retire you from martingale forever [14:15] Maybe. The absolute size of the loss is fortunately not too great. [14:16] 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. [14:16] But it does eat up an awful lot of scalps. [14:17] martingale = happy for 10 days...suicidal for 1 [14:17] 0,4 Shorts ES @ 1158.25 4,0 ŤŤ paper ťť [14:17] Shoulda shorted at .75 :( [14:18] That was a strong move by ES and YM...wish there was more volume in it or a bigger WRB. [14:18] Reference to the 5min interval. [14:19] FFT are you shorting bacause of yesterday's high?? [14:20] That's part of it [14:20] Not much tho [14:21] ES likes to swing up and just miss some even number (like 60) by a tick, then turn around for a while, for some reason. [14:21] 0,2 Covered all ES Short @ 1158.75 --> - 0.5 4,0 ŤŤ paper ťť [14:21] Takin too long [14:22] I had a bounce programmed at Yesterday's HOD fro YM...but Ym went right through [14:23] 0,4 Shorts YM @ 10199 -> small size [14:24] 0,4 Shorts ES @ 1160 4,0 ŤŤ paper ťť [14:24] 0,4 Shorts YM @ 10205 -> Add [14:28] Uh oh, PFGBs at .75? [14:28] PFBs that is [14:28] Not no more :) [14:30] If we see a range day tomorrow...on Monday we'll probably see a few posts about how low volatility is or about how small the range is :) [14:30] 0,2 Covered all ES Short @ 1159.25 --> + 0.75 4,0 ŤŤ paper ťť [14:31] I've seen more trend days this year I think in comparison to all of last year. [14:31] 0,2 Covered 1/2 YM Short @ 10196 --> + 9 [14:31] At least that's what it feels like. [14:31] not much give here [14:31] And wide ranging days lately. ADR is 16.75 on ES [14:33] 0,2 Covered Remainder YM Short @ 10198 --> + 1 [14:33] * WBAT-afk is now known as WannaBeATrader [14:34] Darn, got shook out. [14:34] A clear indication that I should wrap it up for the day [14:35] looking back, these pullbacks were so tiny i coudnt even grab +10 unless yur entries are frikin PERFECT [14:44] 0,4 Shorts YM @ 10195 [14:45] 0,2 Covered 1/2 YM Short @ 10190 --> + 5 [14:50] bastids keeping this tight [14:52] I'm goin for a walk, cya all later. [15:02] Weird price action right now. [15:03] Must be my data provider :) [15:04] :) [15:05] ER2 losing it...can't keep up with the others. [15:05] rotation [15:06] Ahh. [15:06] i just guessed the wrong rotation :) [15:08] ES, YM and NQ in good position for new intraday highs... [15:08] ER2 has too much ground to catch up with the others if that happens :( [15:10] I think folks will be positioning for goog earnings. er might trade funky [15:10] I thought GOOG already posted earnings this morning ??? [15:10] Its after the bell ? [15:10] i think after [15:12] yeah, goog hasnt reported yet [15:16] no trades today. cya all tomorrow. [15:23] Im gonna call this my "Lucille Ball trade" I put together a lot of dumb reasons why it should work [15:28] 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. [15:31] 0,3 Long YM @ 10205 4,0 ŤŤ paper ťť [15:31] 0,2 Covered Remainder YM Short @ 10209 --> - 14 [15:31] Shorts not working today, trend must be UP :) [15:33] I was thinking that when I got short. [15:36] ITs just that Nihi took all the long points. didnt think was much left [15:36] Niha [15:36] Yes...I'm still holding. [15:36] yeah Niha cleaned it up. [15:38] I know, you going to leave some for the rest of us. Beutifull trading [15:38] Had ER2 not gone into that deep price pullback in comparison to ES, NQ and YM...I would have exited this position. [15:39] If it can go up to 600.70 without the others moving up much...ER2 would have caught up in my opinion. [15:44] 0,2 Exited Remainder ER2 Long @ 600.70 --> + 6.1 [15:47] nice one [15:48] Nice read on this trend Niha. [16:00] 0,2 Exited all YM Long @ 10225 --> + 20 4,0 ŤŤ paper ťť [16:40] 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. [16:43] See all later...I won't be trading tomorrow due to more house painting and touch ups of the paint when we first moved into the new house. [16:43] I'll be done with all of it by Sunday :) [16:44] I may log in tomorrow...not sure. [16:44] Bye. [16:44] * Disconnected Session Close: Thu Apr 21 16:44:22 2005