Session Start: Mon May 02 09:29:09 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] 0,4 Shorts ES @ 1161.00 -> small size [09:39] * LesC is now known as les [09:42] 0,6 exit stop set ES @ 1162.00 [09:42] 0,4 Shorts ER2 @ 10232 4,0 ŤŤ paper ťť [09:42] Whoops, YM [09:43] 0,2 Covered ES Short @ 1162.00 --> - 1 [09:43] 0,3 Reverse and Enter Long ES @ 1162.00 [09:44] 0,2 Covered all YM Short @ 10237 --> - 5 4,0 ŤŤ paper ťť [09:45] 0,4 Shorts ES @ 1161.75 [09:45] 0,6 exit stop set ES @ 1161.00 [09:46] hmmmm [09:47] If I'm stopped out again...I won't be reversing the position...will be looking for a short around 1160.00 [09:48] me too [09:48] numbers in 12 minutes [09:48] We have 2 Reports@10 Construction Spending [09:49] Yep...I'm willing to give up a point or two per contract in trying to catch a big mover. [09:50] actually, i am liking the short [09:52] 0,2 Covered all ES Short @ 1162.5 --> - 0.75 [09:52] :P [09:54] 0,6 exit stop raised ES @ 1162.00 [09:55] 0,4 Shorts ES @ 1162.25 [09:55] :( [09:55] 0,2 Trailing Stop Hit ES @ 1162.00 --> 0 [09:56] That was my only chance to get in early via a signal prior to the numbers being released... [09:57] Now I got to wait and HOPE a trade signal appears soon after the key econ report release. [09:59] Hmmm...good push up before the release... [10:02] 0,4 Shorts ES @ 1163.00 -> large size [10:04] 0,4 Shorts YM @ 10246 [10:05] 0,4 Shorts YM @ 10245 [10:05] 0,4 Shorts ER2 @ 584.20 [10:05] :( [10:06] opps whole room is Short im scared now [10:06] 0,2 Covered 1/2 YM Short @ 10239 --> + 7 [10:06] 0,6 exit stop moved to breakeven YM @ 10246 [10:07] this sucks [10:08] 0,2 Covered all ES Short @ 1163.00 --> 0 [10:09] Yep...I just figure that out (it sucks) about 5mins ago. [10:09] lol [10:09] 0,2 Covered all YM Short @ 10246 --> 0 [10:09] yup..it Sucks! [10:09] we are just on the wrong side i guess [10:09] Wanna now u tell us :)) [10:10] didnt know at the time.. [10:13] 0,4 Shorts ES @ 1163.00 -> large size [10:16] Geesh :( [10:18] Must be monday [10:18] 0,3 Buys ER2 @ 584.2 4,0 ŤŤ paper ťť [10:19] first day of the month too szu [10:20] 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. [10:20] 0,2 Exited 1/3 Long ER2 at 584.5 --> + 0.3 4,0 ŤŤ paper ťť [10:21] 0,2 Covered ES Short @ 1163.50 --> - 0.5 [10:21] 0,3 Reverse and Enter Long ES @ 1163.50 [10:22] 0,2 Exited remainder Long ER2 at 584.3 --> + 0.1 4,0 ŤŤ paper ťť [10:22] 0,2 Covered all YM Short @ 10253 --> - 8 [10:28] I see Candle bodies are real small and almost same size on each 5min candle that tells me Volume and momentum are small [10:30] 0,2 Covered all ES Short @ 1162 --> + 0.25 [10:30] I hate upper range days :P [10:33] We at major Resistance from last Week.. that would be 10260 on YM [10:34] 0,2 Exited ES Long @ 1161.50 --> - 2 [10:34] 0,4 Reverse and Enter Short ES @ 1161.50 [10:34] 0,4 Shorts ER2 @ 582.8 4,0 ŤŤ paper ťť [10:34] 0,4 Shorts ES @ 1161.75 -> Add [10:35] 0,4 Shorts YM @ 10240 [10:35] 0,4 Shorts YM @ 101238 [10:35] geez Whole room Short again :) [10:35] im short er2 from 585.2 [10:35] 1,4Red Alert1,0 Lots of 4red1 in #FuturesTrades :( [10:36] trying my patience though [10:36] 0,4 Shorts ES @ 1161.00 -> Add [10:36] 0,2 Covered 1/3 Short ER2 at 582.4 --> + 0.4 4,0 ŤŤ paper ťť [10:37] niha loads up on this one... [10:37] 0,2 Covered remainder Short ER2 at 582.7 --> + 0.1 4,0 ŤŤ paper ťť [10:38] 0,2 Covered 2/3 YM Short @ 10235 --> + 5 [10:42] 0,2 Covered YM Short @ 10238 --> + 2 [10:42] Wanna...I'm not loaded but will need to load up to dig myself out of a hole... [10:43] lol. i feel you [10:43] Something I'm not willing to do based on the lack of volatility so far. [10:43] i just noticed you added 2 times [10:43] I got room to do more ADDS but only if it was profitable...and its not :( [10:44] you may get it here shortly... [10:44] I have a wide stop but will start tightening it up now... [10:44] 0,2 Covered all YM Short @ 10248 --> + 90990 [10:44] 0,2 Covered all YM Short @ 10248 --> + 90990 [10:44] 0,6 exit stop lowered ES @ 1164.00 [10:45] 0,6 exit stop lowered ES @ 1163.50 [10:46] dull day so far [10:46] Dull days cause losses :( [10:47] YES [10:47] 0,4 Shorts YM @ 10246 4,0 ŤŤ paper ťť [10:48] 0,3 Long ES @ 1162.25 [10:49] Today is Newbie Account Killer Day. [10:49] Days like this is where new traders get taken to the slaughter. [10:50] :) [10:53] old ones too [10:55] 0,2 Covered ES Short @ 1162.75 --> - 1.25 [10:55] 0,3 Reverse and Enter Long ES @ 1162.75 [10:56] Now that Nihaba's on board, mebbe we can score a new HOD :) [10:56] wouldnt surprise me a bit [11:01] 0,4 Shorts ER2 @ 583.50 [11:01] I tried using tight stops today and tried tightening up wide stops but the lack of volatility and lack of movement...wasn't a good choice for such today :( [11:01] tight frikin 10 Pt range on YM since opening [11:01] Niha dont those bodies on candles tell u Volatility isnt there? [11:02] Im no Candle expert but i havent seen one WRB Yet [11:03] 0,6 exit stop set ER2 @ 584.70 [11:03] we've had only 2 3-pt moves so far today compared to 8 at this time on Friday [11:04] Being down a good chunk of change in ES on a low volatility trading day is not a good sign for me...especially when it doesn't look like my best signals aren't going to appear unless volatility picks up. [11:05] aahh.. we have FOMC metting tomorrow, that explains it :)) [11:05] 0,2 Covered all YM Short @ 10246 --> 0 4,0 ŤŤ paper ťť [11:05] SCRATCH [11:06] :( [11:07] 0,2 Exited all ES Long @ 1151.5 --> - 10.75 [11:07] 0,2 Exited all ES Long @ 1161.5 --> - 0.75 [11:07] 0,2 Covered 1/3 ER2 Short @ 582.60 --> + 0.9 [11:08] I shoulda just went fishing tody like I wanted :( [11:08] 0,2 Exited ES Long @ 1161.50 --> - 1.25 [11:08] 0,4 Reverse and Enter Short ES @ 1161.50 [11:10] Normal stops on this...lets see if it pays off. [11:11] Looking to ADD at the 1161.00 level. [11:11] 0,2 Covered 2/3 ER2 Short @ 582.70 --> + 0.8 [11:12] Dow put in a higher low :( [11:16] FOMC announcement tomorrow...could be one reason for the lack of volatility today. [11:17] yes. i am done for the day i think. [11:17] I've seen enought trading days (the day prior) before a FOMC announcement to be somewhat listless sort'uv speak. [11:18] 0,4 Shorts ES @ 1161.00 -> Add [11:20] 0,4 Shorts ES @ 1160.75 [11:21] 0,2 Covered all ER2 Short @ 581.40 --> + 2.1 [11:22] nice one jimmy [11:23] thx [11:28] market having a hard time pushing down [11:29] 0,2 Covered all ES Short @ 1160.25 --> + 0.5 [11:32] 0,2 Covered 1/3 ES Short @ 1161.00 --> 0 [11:32] 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. [11:32] 0,2 Covered Remainder ES Short @ 1161.00 --> + 0.5 [11:33] no trades this mrn. was looking for a long at lowere levels. now im just looking [11:33] All my losers today went my way at least 2 ticks before reversing and taking out my stop for a loss. [11:33] Reason why I decided to dump this one and start over again this afternoon if volatility returns. [11:34] Be back later [11:34] Oh oh... [11:35] * NihabaAshi is now known as NihabaAshi_away [11:43] 0,2 Covered all ER2 Short @ 581.20 --> + 3 [11:53] nice one m618 [11:55] 0,6 sell stop to enter short YM @ 10218 4,0 ŤŤ paper ťť [12:00] 0,6 cancelled all open stop orders 4,0 ŤŤ paper ťť [12:07] 0,6 sell stop to enter short YM @ 10224 4,0 ŤŤ paper ťť [12:19] 0,6 cancelled all open stop orders 4,0 ŤŤ paper ťť [12:20] 0,3 Long YM @ 10234 4,0 ŤŤ paper ťť [12:21] 0,6 exit stop set YM @ 10218 4,0 ŤŤ paper ťť [12:30] 0,6 exit stop raised YM @ 10223 4,0 ŤŤ paper ťť [12:44] 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. [12:53] just got back from lunch.. what a Grinder [13:19] 0,2 Trailing Stop Hit YM @ 10223 --> + 65 4,0 ŤŤ paper ťť [13:19] correction : price is right net is - 11 [13:20] 0,6 sell stop to enter short YM @ 10221 4,0 ŤŤ paper ťť [13:21] * WannaBeATrader is now known as WBAT-afk [13:27] 0,4 Short YM @ 10221 4,0 ŤŤ paper ťť [13:27] 0,6 exit stop set YM @ 10237 4,0 ŤŤ paper ťť [13:28] got an errand, 1st PT is 10202 will trail the rest with a 3 bar net line on 5 min bars [13:35] 0,4 Shorts ES @ 1158.75 [13:39] 0,2 Covered all ES Short @ 1158.50 --> + 0.25 [13:39] :( [13:39] LOL, I did esactly the same trade, Square [13:40] I shoulda wenty fishin [13:40] Agreed [13:40] No vol is the story. [13:44] WTF - this is one weird market [13:45] Not weird, just efficient. [13:48] How do you define efficient? [13:48] 0,6 exit stop lowered YM @ 10231 4,0 ŤŤ paper ťť [13:48] As disharmony and discord, perhaps ;) [13:49] Sweet muzak? [13:56] 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. [14:05] * NihabaAshi_away is now known as NihabaAshi [14:05] went to restroom and missed this Short geez [14:06] 0,4 Shorts YM @ 10194 -> small size [14:06] 0,4 Shorts ES @ 1156.00 -> large size [14:08] 0,2 Covered all ES Short @ 1156.00 --> 0 [14:10] szu...I missed it also...I got a little data problem here...everything ok now. [14:10] 0,2 Covered Remainder YM Short @ 10198 --> - 4 [14:11] Niha if i got yur entry i would be Chasing [14:12] Think this is about the entry level [14:12] 0,3 Long ES @ 1157.50 -> large size [14:13] I'm gonna try to hold this one awhile...its my bread-n-butter trade setup. [14:13] 10217 was the entry for me [14:14] Wished it had shown up earlier this morning when I needed it. [14:17] 0,3 Long YM @ 10198 -> small size [14:18] :( [14:18] Data stalls again. [14:19] 0,2 Exited all ES Long @ 1157.50 --> 0 [14:19] :( [14:20] Be back in a few minutes...rebooting. [14:20] 0,4 Shorts ES @ 1157.50 -> small size [14:20] * Disconnected Session Close: Mon May 02 14:20:26 2005 Session Start: Mon May 02 14:25:28 2005 Session Ident: #FuturesTrades [14:25] * Now talking in #FuturesTrades [14:25] [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab [14:25] 0,2 Exited Remainder YM Long @ 10208 --> + 10 [14:29] 0,4 Shorts YM @ 10203 -> small size [14:30] 0,4 Shorts YM @ 10200 [14:30] 0,4 Shorts ES @ 57.25 [14:37] 0,4 Shorts ES @ 11557.75 -> Add [14:37] ? [14:38] 0,2 Covered ES Short @ 58.25 --> - 1 [14:38] 0,2 Covered all YM Short @ 10210 --> - 10 [14:38] bastids [14:38] 0,2 Covered Remainder YM Short @ 10213 --> - 10 [14:39] 0,3 Long ES @ 1159.75 -> large size [14:40] 0,3 Long YM @ 10228 [14:40] getting trapped shorts to cover [14:40] 0,3 Long ES @ 1160 [14:40] :( [14:40] Geesh... [14:41] 0,2 Exited all ES Long @ 1159.75 --> 0 [14:42] May just call it a day...waiting all day for my trade signal...it shows up...I get a decent entry but then my data dies...I exit because I can't see what's going on other than just broker quotes (that are also stalling)... [14:43] Reboot...problem is fixed and market moves to my first profit target of 1159.75 :( [14:44] The odds of me seeing that signal again this late in the day is remote. [14:46] 0,2 Exited all YM Long @ 10219 --> - 9 [14:46] :(( [14:47] 0,4 Shorts YM @ 10220 -> small size [14:48] 0,2 Covered Remainder YM Short @ 10230 --> - 10 [14:49] 0,2 Exited all ES Long @ 1160.5 --> + 0.5 [14:49] 0,4 Shorts ES @ 1160.25 -> large size [14:49] Got it :) [14:49] 0,4 Shorts YM @ 10225 [14:50] 0,4 Shorts ES @ 1159.75 [14:50] 0,4 Shorts YM @ 10223 [14:52] 0,6 exit stop moved to breakeven ES @ 1160.25 [14:53] 0,2 Covered all ES Short @ 1159.25 --> + 0.5 [14:53] I got my name on 1158.00 [14:54] 0,2 Covered 1/2 YM Short @ 10216 --> + 9 [14:54] 0,6 exit stop moved to breakeven YM @ 10225 [14:55] 0,2 Covered Remainder YM Short @ 10215 --> + 8 [14:55] TICK ain't helping ya out Nihaba :( [14:56] working to hard for to little [14:56] It better. [14:56] If not...another breakeven trade :( [14:58] I would hate to see a picture perfect entry go to waste. [14:58] Today is a picture perfect day. . . for fishing :( [14:59] 0,4 Shorts ES @ 1159.25 [15:01] 0,2 Covered all ES Short @ 1158.75 --> + 0.5 [15:03] If it can push hard down to 1158.00 I'll just dump 1/3 instead of all. [15:04] However, if it just creeps down...I'll dump it all. [15:05] 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. [15:06] 0,2 Covered all YM Short @ 10225 --> 0 [15:06] 0,3 Long YM @ 10225 [15:06] 0,2 Covered all ES Short @ 1160.25 --> 0 [15:06] It really feels like the big fuys in the pits are just laughing at us today :( [15:06] :( [15:07] I was loaded on that one...got nothing out of it. [15:08] Brutal Chop. [15:08] Reaching for a point today is like trying for a grand slam :( [15:10] 0,3 Long ES @ 1160.00 -> large size [15:11] TICK's fighting you again :( [15:13] 0,3 Long YM @ 10224 -> small size [15:14] I just can't break that vicious pattern...the first few trading days of each month I have problems with my entries, patience and anything else under the moon :( [15:15] I also have an unusual number of breakevens...hopefully this one will keep going upwards and not become another breakeven trade... [15:15] 0,2 Exited 1/2 YM Long @ 10234 --> + 9 [15:15] getting my trade signal 3 times in a roll and late in the afternoon is RARE. [15:15] 0,2 Exited Remainder YM Long @ 10233 --> + 9 [15:17] 0,2 Exited all YM Long @ 10225 --> 0 [15:17] this is frkin ridiculous, they keep taking out my runners [15:17] No wonder everyones losing money today :)) [15:17] im taking my marbles and going home, see ya [15:18] :( [15:19] FWIW YM is at VWAP [15:20] what the hack is a VWAP?? [15:20] volume weighted average price [15:21] ES has been lagging YM all day...I tried a few times to exploit that and got burnt. [15:23] Just in case we get the same type of volatility tomorrow morning...small size only until after the FOMC announcement. [15:24] 0,4 Shorts ES @ 1161.25 4,0 ŤŤ paper ťť [15:26] 0,2 Covered all ES Short @ 1160.75 --> + 0.5 4,0 ŤŤ paper ťť [15:28] late post, filled while out [15:28] 0,3 Long ES @ 61 [15:28] 0,2 Covered 1/2 YM Short @ 10202 --> + 19 4,0 ŤŤ paper ťť [15:28] 0,2 Trailing Stop Hit YM @ 10231 --> - 10 4,0 ŤŤ paper ťť [15:31] First time all day I can move my stop into a 1 tick better than breakeven :( [15:31] 0,2 Trailing Stop Hit ES @ 1160.25 --> + 0.25 [15:31] Oopps... [15:32] That's a stop being moved :) [15:32] 0,6 exit stop raised ES @ 1160.25 [15:34] 0,4 Shorts ES @ 1162 [15:35] Come on eminis...show some backbone...its late in the day and its time for a rally back up to the intraday highs after !!! [15:35] 0,4 Shorts YM @ 10229 [15:35] 0,2 Covered all ES Short @ 1161.75 --> + 0.25 [15:36] I give up [15:37] 0,2 Exited ES Long @ 61.50 --> + 0.5 [15:41] 0,6 exit stop set YM @ 10239 [15:41] They hit my Stop and im glad this day is done. [15:42] They've been hitting me all day...I got the right size and the right trade signal... [15:42] Now I want to hit back :) [15:43] 0,2 Covered all YM Short @ 10239 --> - 10 [15:43] Bastids. [15:44] At 1163.00 I'll be profitable fore the day. [15:45] Without commissions. [15:47] [15:35] Come on eminis...show some backbone...its late in the day and its time for a rally back up to the intraday highs after !!! [15:47] Good read Niha [15:49] 0,2 Exited all ES Long @ 1163.25 --> + 3.25 [15:50] Geeesh...what a day :( [15:50] T O U G H [15:50] Feel like i went 12 rounds with bernard hopkins [15:51] :) [15:51] I finally got a chance to hit back :) [15:52] My stats aren't pretty today but I'm profitable. [15:53] I expect tomorrow to be a little tougher than today...reason why I'm scaling down my size dramatically (just a few contracts). [15:57] Here comes that 101260 Level..they waited til end of day, bastids [16:16] * WBAT-afk is now known as WannaBeATrader [16:17] 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. [17:26] 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. [17:44] * Disconnected Session Close: Mon May 02 17:44:50 2005