Session Start: Tue May 03 09:26:15 2005 Session Ident: #FuturesTrades [09:26] * Now talking in #FuturesTrades [09:26] [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab [09:37] Money supply is still rolling along. We might even get a pause in interest rate increases (or postive news about the next one( [09:44] 0,3 Long ES @ 1161.5 4,0 ŤŤ paper ťť [09:45] 0,4 Shorts YM @ 10250 4,0 ŤŤ paper ťť [09:46] 0,2 Exited all ES Long @ 1161.5 --> 0 4,0 ŤŤ paper ťť [09:46] 0,4 Shorts ES @ 1161.5 [09:49] 0,2 Covered all YM Short @ 10248 --> + 2 4,0 ŤŤ paper ťť [09:49] scratch [09:50] 0,2 Covered all ES Short @ 1162 --> - 0.5 [09:51] 0,3 Long ES @ 1162.0 4,0 ŤŤ paper ťť [09:54] Similar like low volatility price action like yesterday morning...but worst. [09:55] yep - looks like a real crap one so far [09:55] Keeping it small size only this morning. [09:55] 0,3 Long YM @ 10256 4,0 ŤŤ paper ťť [09:55] 0,6 exit stop set YM @ 10244 4,0 ŤŤ paper ťť [09:57] 0,4 Shorts ES @ 1163.25 [10:00] 0,2 Exited 1/2 YM Long @ 10269 --> + 13 4,0 ŤŤ paper ťť [10:01] 0,6 exit stop raised YM @ 10253 4,0 ŤŤ paper ťť [10:01] 0,3 Long YM @ 10272 [10:02] 0,2 Covered all ES Short @ 1164.25 --> - 1 [10:02] 0,6 exit stop raised YM @ 10263 4,0 ŤŤ paper ťť [10:04] 0,4 Shorts YM @ 10266 4,0 ŤŤ paper ťť [10:05] 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. [10:05] 0,2 Trailing Stop Hit YM @ 10263 --> + 7 4,0 ŤŤ paper ťť [10:05] 0,2 Exited all ES Long @ 1163.0 --> + 1 4,0 ŤŤ paper ťť [10:06] 0,2 Covered 1/2 YM Short @ 10260 --> + 6 4,0 ŤŤ paper ťť [10:06] 0,2 Exited all YM Long @ 10272 --> 0 [10:06] :(( [10:07] 0,4 Shorts ER2 @ 586.90 -> small size [10:09] 0,6 exit stop moved to breakeven ER2 @ 586.90 [10:10] 0,2 Trailing Stop Hit ER2 @ 586.90 --> 0 [10:11] 0,4 Shorts YM @ 10263 [10:12] 0,4 Shorts YM @ 10255.00 -> small size [10:14] so far same crap as yersturday [10:15] I'm gonna use wide stops today in comparison to yesterday when my tight stops were easy pickings in the a.m. [10:16] I'll tighten things up in the afternoon. [10:17] 0,6 exit stop set YM @ 10281.00 [10:20] Yawn! [10:20] My genie is sleeping [10:24] 0,2 Covered 1/2 YM Short @ 10258 --> + 5 [10:24] gonna take meazly 5 points just too chicken [10:25] 0,6 exit stop moved to breakeven YM @ 10263 [10:26] 0,2 Covered all YM Short @ 10263 --> 0 [10:27] Punks. im done trading til after announcment. [10:30] agree szu, its just bollocks out there [10:34] 0,2 Covered Remainder YM Short @ 10266 --> 0 4,0 ŤŤ paper ťť [10:46] 0,2 Covered YM Short @ 10270.00 --> - 15 [10:46] 0,3 Reverse and Enter Long YM @ 10270.00 [10:47] NQ movement spooked me out of my Short. [10:53] 0,2 Exited YM Long @ 10254.00 --> - 16 [10:53] 0,4 Reverse and Enter Short YM @ 10254.00 [11:02] I may get one of my favorite trade signals if YM geets above 10260.00 [11:05] If that happens...I'll post a large size position but in reality its just an increased of a few contracts. [11:12] 0,4 Shorts ES @ 1163 [11:17] 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. [11:19] Geesh...between today and yesterday...I sure can pick'em :( [11:21] 0,2 Covered all YM Short @ 10262.00 --> - 8 [11:21] 0,3 Long YM @ 10262.00 -> large size [11:26] 0,2 Covered all ES Short @ 1163.5 --> - 0.5 [11:35] A lot of trading so far today...yesterday was wonderful too :) [11:35] "sarcasm" [11:47] :( [11:47] Not looking good [11:48] Just got a confusing signal...looking to dump this... [11:52] * WannaBeATrader is now known as WBAT-afk [12:10] 0,4 Shorts YM @ 10250 [12:11] 0,6 exit stop set YM @ 10258 [12:16] Tightening up stop... [12:16] 0,6 exit stop raised YM @ 10247.00 [12:17] Going to lunch to get some food in my stomach and take a break... [12:17] Will post late trade result upon return if stop is hit. [12:18] Will also be trading normal size this afternoon and hopefully I can get lucky like yesterday and see my best trade signal 2-3 times in the afternoon session. [12:18] * NihabaAshi is now known as NihabaAshi_away [12:29] 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. [12:57] 0,2 Trailing Stop Hit YM @ 10258 --> - 8 [13:25] OK wake up everybody. Things should start picking up soon. FOMC announce @ 2:15 [13:26] [13:27] hi all [13:27] Howdy Pat [13:32] hi fft [13:36] everyone in the wait mode [13:38] 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. [13:39] OT: http://fun.drno.de/flash/BigRedButton.swf [13:49] * NihabaAshi_away is now known as NihabaAshi [13:49] Late Post... [13:49] 0,2 Trailing Stop Hit YM @ 10247.00 --> - 15 [13:58] 0,3 Long YM @ 10251.00 -> large size [14:01] I'm not going to hold this too long. [14:01] Lets "hope" u can get your 1st target before announcment [14:02] That's what I'm hoping...to get something before the announcement. [14:09] * WBAT-afk is now known as WannaBeATrader [14:09] I almost got a Lower High short signal :( [14:11] x minus 4 min [14:13] 2 min early [14:13] Fire up a giant freaken wipsaw for the 1/4 point raise ;) [14:14] 0,2 Exited 1/4 YM Long @ 10266.00 --> + 15 [14:14] 0,6 exit stop moved to breakeven YM @ 10251.00 [14:15] That 1/4 equaled one of my losses at -15 points...I needed that one :) [14:15] nice ther niha,, [14:16] I had an order in at 10255.00 but changed it to 10266.00 [14:16] 0,2 Trailing Stop Hit YM @ 10251.00 --> 0 [14:17] 0,4 Shorts YM @ 10241 [14:17] 0,4 Shorts YM @ 10245.00 -> large size [14:18] 0,4 Shorts ES @ 1163.25 4,0 ŤŤ paper ťť [14:18] 0,4 Shorts ES @ 1162 [14:18] 0,4 Shorts YM @ 10236.00 -> Add [14:18] 1,4Red Alert1,0 Lots of 4red1 in #FuturesTrades :( [14:19] 0,2 Covered 1/2 YM Short @ 10230 --> + 11 [14:19] 0,6 exit stop moved to breakeven YM @ 10241 [14:19] 0,2 Covered all ES Short @ 1159.5 --> + 2.5 [14:19] 0,2 Covered all ES Short @ 1159.75 --> + 3.5 4,0 ŤŤ paper ťť [14:19] 0,2 Covered 1/2 YM Short @ 10226.00 --> + 10 [14:20] WTG everybody :) [14:20] Geesh...its fast. [14:20] I'm profitable fot the day again :) [14:20] Yeah. Fortunately I went for 62 instead of trying to get 63.75 [14:22] The Federal Reserve raised interest rates by a quarter percentage point as expected Tuesday and left the language in its statement largely unchanged [14:22] 0,2 Covered 1/4 YM Short @ 10235.00 --> + 10 [14:22] Oil dropping hard. [14:22] 0,2 Covered all YM Short @ 10241 --> 0 [14:22] Here's that giant wipsaw I warned about ;) [14:22] 0,2 Covered YM Short @ 10245.00 --> 0 [14:22] 0,3 Reverse and Enter Long YM @ 10245.00 [14:24] 0,4 Shorts ES @ 62.75 [14:26] 0,3 Long YM @ 10246 [14:27] 0,2 Covered all ES Short @ 1161.75 --> - 1099 [14:27] 0,2 Exited Remainder YM Long @ 10245.00 --> 0 [14:27] 0,2 Covered all ES Short @ 61.75 --> + 1 [14:27] I can smell a new intraday high and couldn't hold it :( [14:27] Dis is way more fun that this AM ;) [14:28] And now that I'm back in black for the day, I'm done :) [14:28] I'm profitable also...but not done. [14:28] 0,2 Exited 1/2 YM Long @ 10256 --> + 10 [14:30] 0,4 Shorts YM @ 10245.00 -> large size [14:30] 0,2 Exited Remainder YM Long @ 10240 --> - 6 [14:31] :( [14:31] 0,4 Shorts YM @ 10240 [14:31] I had a pt1 but no fill. [14:31] FWIW i am long [14:32] 0,2 Covered all YM Short @ 10255 --> - 15 [14:32] 0,3 Long YM @ 10255 [14:33] 0,2 Covered YM Short @ 10260.00 --> - 15 [14:33] 0,3 Reverse and Enter Long YM @ 10260.00 [14:33] 0,2 Exited 1/2 YM Long @ 10264 --> + 9 [14:33] Looking to ADD to get to a normal size. [14:33] 0,3 Long NQ @ 1434.50 -> large size [14:33] 0,6 exit stop moved to breakeven YM @ 10255 [14:33] 0,3 Long YM @ 10267.00 -> Add [14:34] 0,2 Exited 1/3 YM Long @ 10285.00 --> + 18 [14:35] Finally caught a move :) [14:35] 0,2 Exited 1/4 NQ Long @ 1438 --> + 3.5 [14:35] yeah! VOLATILITY [14:35] [13:27] I can smell a new intraday high [14:35] :) [14:36] Niha said the same thing yersturday and they made new high :) [14:36] 0,2 Exited 1/3 YM Long @ 10300 --> + 40 [14:36] 0,2 Exited Remainder NQ Long @ 1440 --> + 5.5 [14:37] 0,6 exit stop moved to breakeven YM @ 10255.00 [14:39] niha, i will forward you a commission for that comment :) [14:41] Im gonna Hold my second see if i can get more points before 3:30 [14:42] Be careful szu...there's enough volatility for this to reverse all the way back down... [14:42] However, when there's a spike down than a spike upwards to new intraday highs...it will most likely hold this level going into the close. [14:43] If it can retest the highs...great...I'll consider it "lucky" bonus points. [14:46] 0,4 Shorts YM @ 10297 -> small size [14:46] 0,3 Buys ER2 @ 589.2 4,0 ŤŤ paper ťť [14:46] les u missed the fireworks [14:46] i cn see [14:47] Talk about luck...my data provider quotes just now stalled...glad it didn't do it for the last 30 mins of trading. [14:47] 0,2 Covered 1/2 YM Short @ 10290 --> + 7 [14:47] 0,2 Exited 1/3 Long ER2 at 589.5 --> + 0.3 4,0 ŤŤ paper ťť [14:47] 0,2 Exited remainder Long ER2 at 589.2 --> 0 4,0 ŤŤ paper ťť [14:48] wicked pullback... [14:48] well its been a miserable day... [14:49] so now the fun's over its gonna go back to miserable [14:50] i knew i'd miss the FOMC announcement, but was hoping i'd get a si on the tailend [14:50] sig [14:50] 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. [14:50] no such luck [14:51] looks like the emini's heading straight back to their original range before FOMC [14:52] I want new highs :) [14:52] try pot, cos u got no chance here [14:53] hehe [14:53] I want new lows [14:54] hmm.. difficult [14:54] les make it easy :) [14:54] probably alcohol then [14:54] OTOH, heroin would do [14:55] 0,2 Covered Remainder YM Short @ 10289 --> + 8 [14:55] ok, have your high ( : [14:55] I got a message from someone in another room (#IndexFutures on FinancialChat) and didn't understand why on earth would I use a wide stop soon after an FOMC annoucement :) [14:56] ok, we gotta bounce off the older range [14:56] I replied...I don't think a 5 point stop would last 1 second. [14:56] 0,2 Exited 3/4 NQ Long @ 1438 --> + 3.5 [14:57] 0,6 exit stop set NQ @ 1434 [15:00] 0,2 Exited YM Long @ 10280.00 --> + 20 [15:00] 0,4 Reverse and Enter Short YM @ 10280.00 [15:01] 0,4 Shorts ER2 @ 587.1 4,0 ŤŤ paper ťť [15:01] 0,2 Exited Remainder NQ Long @ 1436.50 --> + 2 [15:01] 0,2 Covered Remainder YM Short @ 10279.00 --> + 1 [15:01] :( [15:02] Got shook out. [15:02] me too [15:02] Taking a breather... [15:02] 0,2 Covered all Short ER2 at 587.6 --> - 0.5 4,0 ŤŤ paper ťť [15:02] * NihabaAshi is now known as NihabaAshi_away [15:04] * NihabaAshi_away is now known as NihabaAshi [15:04] Geesh...by the way...that reversal from the Long to the Short I got shook out of... [15:05] Was via a Bearish Dark Inverted Hammer on YM 1min chart interval...an interval I only use in the afternoon on FOMC announcement days. [15:05] 0,4 Shorts YM @ 10256 [15:05] 0,2 Exited all YM Long @ 10255 --> 0 [15:05] :(( [15:05] It was a picture perfect entry but couldn't stay with it. [15:06] 0,2 Covered 1/2 YM Short @ 10238 --> + 18 [15:06] Actaully...I chased it a few points...maybe that's why I got shook so easily :( [15:07] 0,6 exit stop set YM @ 10266 [15:07] 0,4 Shorts YM @ 10230.00 -> large size [15:08] 0,4 Shorts YM @ 10220 [15:08] A lot of down pressure...short anywhere is good. [15:08] someone drop a bomb? [15:08] 0,2 Covered 1/2 YM Short @ 10211 --> + 9 [15:08] 0,6 exit stop moved to breakeven YM @ 10220 [15:09] 0,2 Covered 1/2 YM Short @ 10210.00 --> + 20 [15:09] Yup.. if you Chase NO PROBLEM [15:09] Wow... [15:09] 0,4 Shorts ER2 @ 583 4,0 ŤŤ paper ťť [15:09] wow [15:09] Now you know why I trade volatility :) [15:09] 0,2 Covered all YM Short @ 10220 --> 0 [15:09] 0,2 Covered 1/3 Short ER2 at 582.5 --> + 0.5 4,0 ŤŤ paper ťť [15:10] When your wrong...its easy to reverse and still get something back because there's usually follow-through because of the volatility. [15:10] 0,6 exit stop lowered YM @ 10255 [15:10] 0,2 Covered remainder Short ER2 at 582.9 --> + 0.1 4,0 ŤŤ paper ťť [15:11] 0,2 Covered Remainder YM Short @ 10225.00 --> + 5 [15:12] 0,4 Shorts YM @ 10213 [15:13] time for the PPT [15:13] 0,2 Covered all YM Short @ 10225 --> - 12 [15:13] 0,3 Long YM @ 10230 [15:14] 0,4 Shorts YM @ 10231 [15:15] 0,6 exit stop lowered YM @ 10234 [15:15] 0,2 Exited all YM Long @ 10218 --> - 12 [15:15] crap Im down for day AGAIN [15:15] 0,2 Covered 1/2 YM Short @ 10216 --> + 15 [15:16] 0,4 Shorts YM @ 10214 [15:16] 0,2 Covered Remainder YM Short @ 10220 --> + 11 [15:16] if YM doesn't make a new LOD I may reverse when stop is hit [15:17] 0,2 Covered all YM Short @ 10226 --> - 12 [15:17] PUNKS! [15:18] 0,3 Buys ER2 @ 583.8 4,0 ŤŤ paper ťť [15:19] 0,3 Long YM @ 10226 [15:19] 0,2 Exited 1/3 Long ER2 at 584.3 --> + 0.5 4,0 ŤŤ paper ťť [15:20] 0,6 exit stop moved to breakeven ER2 @ 583.8 4,0 ŤŤ paper ťť [15:20] I shoudnt be playing this,getting killed now [15:20] 0,2 stop hit ER2 @ 583.8 --> 0 4,0 ŤŤ paper ťť [15:20] :( [15:23] 0,2 Trailing Stop Hit YM @ 10234 --> + 22 [15:23] 0,3 Long YM @ 10234 [15:23] 0,2 Exited 1/2 YM Long @ 10238 --> + 12 [15:23] 0,6 exit stop moved to breakeven YM @ 10226 [15:23] Talk about a rodeo ride. [15:24] I hope we make new high, Ill need it to save my ass from a huge loss [15:24] 0,6 exit stop set YM @ 10209 [15:25] 0,4 Shorts ER2 @ 585.50 [15:25] rodeo ride is an understatement [15:25] first PT YM 10255 [15:28] That's back to back FOMC announcements that the parabolic trend with the most momentum...occurred via a Bearish Dark Inverted Hammer. [15:29] I caught the prior FOMC move downward but just missed this one by a few ticks (trailing stop got hit). [15:30] 0,2 Covered all ER2 Short @ 585.60 --> - 0.1 [15:31] 0,2 Exited all YM Long @ 10226 --> 0 [15:31] geez Runners keep getting hit, i cant make money [15:32] it all looks sotempting, but really not many sigs appearing for me [15:33] so i guess i've had enough for today [15:33] 0,4 Shorts YM @ 10216 [15:35] 0,6 exit stop raised YM @ 10215 [15:35] will reverse if hit [15:36] 0,2 Trailing Stop Hit YM @ 10215 --> - 19 [15:37] 0,2 Covered all YM Short @ 10229 --> - 13 [15:37] 0,4 Shorts YM @ 10223 [15:37] 0,3 Long YM @ 10229 [15:39] 0,6 exit stop set YM @ 10247 [15:40] This will be my last FOMC day im trading. The RISK outweights the Reward [15:40] too much emotional playing,not for me [15:43] 0,2 Exited all YM Long @ 10217 --> - 12 [15:44] i kinda had fun szu [15:44] :) [15:46] My charts are down again :( [15:48] gn [15:49] FOMC announcement days is one day you don't want to swing trade the DAX. [15:49] DAX closes at 2pm est and its opening the next trading day is DEPENDENT upon how the Eminis perform after 2pm est. [15:50] Simply, if the Eminis decline after 2pm est...DAX will gap down tomorrow at its open. [15:50] If the Eminis rise after 2pm est...DAX will gap up tomorrow at its open. [15:55] 0,2 Covered 1/2 YM Short @ 10211 --> + 12 [15:56] 0,6 exit stop lowered YM @ 10223 [15:57] 0,2 Trailing Stop Hit YM @ 10223 --> 0 [16:00] im going to go home and take a nap after all that [16:02] 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. [16:02] Wow, what a trading day. [16:05] I thought for sure we'll ge one good knee jerk reaction and then the market would reverse and continue that direction almost til the close. [16:33] Bye all...see all tomorrow. [16:33] * Disconnected Session Close: Tue May 03 16:33:53 2005