Session Start: Thu May 05 09:36:13 2005 Session Ident: #FuturesTrades [09:36] * Now talking in #FuturesTrades [09:36] [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab [09:36] 0,3 Long ES @ 1174.75 [09:37] Data quote problems :( [09:37] geez not a good start for the day ...:( [09:38] 0,2 Exited all ES Long @ 1175.5 --> + 0.75 [09:38] 0,3 Buys ER2 @ 594.5 4,0 ŤŤ paper ťť [09:38] 0,3 Long ES @ 1175.5 4,0 ŤŤ paper ťť [09:38] Very good chance of a range morning, decent chance of a range day [09:38] yeah, employment # tomorrow [09:39] 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. [09:39] Range AM with some downside consideration - that's my forecast. Worth almost what y'all paid for it. ;) [09:39] SMH is argueing against my "downside consideration" part. [09:40] 0,2 Exited 1/3 Long ER2 at 594.9 --> + 0.4 4,0 ŤŤ paper ťť [09:40] 0,6 exit stop moved to breakeven ER2 @ 594.5 4,0 ŤŤ paper ťť [09:41] 0,2 Exited 1/3 Long ER2 at 595.3 --> + 0.8 4,0 ŤŤ paper ťť [09:41] 0,6 exit stop raised ER2 @ 594.8 4,0 ŤŤ paper ťť [09:42] 0,2 Exited all ES Long @ 1176.25 --> + 0.75 4,0 ŤŤ paper ťť [09:44] AMH AD Line still climbin [09:44] SMH that is [09:44] 0,4 Shorts ES @ 1176.5 [09:45] 0,2 Exited remainder Long ER2 at 596 --> + 1.5 4,0 ŤŤ paper ťť [09:45] damn - shoulda moved that target more quickly [09:46] nice one anyway les [09:46] thx jon [09:46] yw [09:46] i guess i shouldnt complain about +2.7 pts [09:47] 0,4 Shorts ES @ 1177.25 4,0 ŤŤ paper ťť [09:51] 0,2 Covered all ES Short @ 1177.0 --> + 0.25 4,0 ŤŤ paper ťť [09:51] 0,3 Long YM @ 10391 [09:55] 0,4 Shorts ES @ 1177.75 -> Add [09:56] 0,2 Covered 1/3 ES Short @ 1176.785 --> + 0.965 [09:56] 0,2 Exited all YM Long @ 10381 --> - 10 [09:56] That was exit 1/2 at 6.75 +1 [10:00] 0,3 Buys ER2 @ 597.9 4,0 ŤŤ paper ťť [10:01] 0,4 Shorts ES @ 1178.75 [10:01] gm [10:01] 0,3 Long YM @ 10393 [10:02] 0,2 Exited 1/3 Long ER2 at 598.4 --> + 0.5 4,0 ŤŤ paper ťť [10:02] 0,2 Exited 1/2 YM Long @ 10402 --> + 9 [10:03] 0,6 exit stop moved to breakeven YM @ 10393 [10:03] 0,2 Exited 1/3 Long ER2 at 598.8 --> + 0.9 4,0 ŤŤ paper ťť [10:03] 0,6 exit stop raised ER2 @ 598.1 4,0 ŤŤ paper ťť [10:03] Nice les [10:03] thx szu [10:06] Here's why I think yesterday's price action and today's price action is some sort'uv a short squeeze... [10:07] Someone once posted stats of the odds that the price action in the first two days after a rate hike showed that prices were lower than prices before the rate hike. [10:07] However, this time...market has been going up. [10:09] short squeeze would be an understatement [10:10] 0,2 Exited remainder Long ER2 at 598.4 --> + 0.5 4,0 ŤŤ paper ťť [10:11] i also saw divergences in er2 and es with their respective cci's and rsi's [10:11] so this rise may be cooling off [10:11] Yes...I saw someone else comments in another room about CCI divergence. [10:12] taken together with the short squeeze, it looked like a good time to bail [10:18] 0,4 Shorts YM @ 10381 [10:20] 0,4 Shorts YM @ 10380 [10:23] 0,6 exit stop set YM @ 10394 [10:25] TLT if they not testing previous low we are toast [10:25] no argument here szu [10:25] also they holding that uptrendline from yersturday [10:27] niha - do u have any candle patterns that suggest a rise is shoret squeeze, rather than a bull run? [10:28] 0,4 Shorts ER2 @ 597.50 -> small size [10:30] 0,4 Shorts ER2 @ 597.80 -> Add [10:30] 0,2 Covered Remainder ES Short @ 1177 --> - 0.5 [10:30] That freaken order took forever to fill [10:31] IB? [10:31] Yeah - had iot there from when we hit 79 [10:32] 0,2 Covered 1/2 ER2 Short @ 597.20 --> + 0.6 [10:32] Very few folks were interested in selling at 77 even I tracked the sales at that price [10:32] Rest at breakeven. [10:33] 0,6 exit stop moved to breakeven ER2 @ 597.50 [10:33] If this is a typical range day, we'll get both a new RTH HOD and LOD [10:33] We're nearly certain to get one or the other [10:34] 0,2 Covered 1/2 YM Short @ 10379 --> + 1 [10:34] :( [10:34] 0,2 Covered Remainder YM Short @ 10381 --> - 1 [10:34] 0,2 Trailing Stop Hit ER2 @ 597.50 --> 0 [10:34] Range day=take yer profitsa when ya got em [10:35] At least on ES anyway [10:35] [10:27] niha - do u have any candle patterns that suggest a rise is shoret squeeze, rather than a bull run? [10:37] 0,2 Covered all YM Short @ 10392 --> - 11 [10:37] :(( [10:37] Are you asking are there any candlestick patterns that gives Short Squeeze signals as in the price rise is weak (wont last long) in comparison to strong bull run signals ??? [10:38] yes [10:38] No...I don't know of any such patterns. [10:38] ok thanks [10:39] However, one of the best signals to tell me a Short Squeeze is over are patterns that involve Long Upper shadows such as the Bearish Dark Inverted Hammer strategy that was discussed at last month's seminar/workshop. [10:40] ah, so u can see its been a short sueeze in retrospect, nit during [10:41] not [10:42] Not really in retrospect (hindsight)... [10:42] The Bearish Dark Inverted Hammer is designed to exploit price rises that show signs of exhaustion... [10:42] yep [10:42] Same time of exhaustion that appears at the end of a Short Squeeze. [10:42] ic [10:43] 0,3 Long ES @ 1179 [10:44] Come on ES, new HOD [10:48] 0,4 Shorts ER2 @ 598.90 -> small size [10:48] 0,4 Shorts ER2 @ 598.5 4,0 ŤŤ paper ťť [10:49] sorry - late post [10:49] Mine also :) [10:49] L ym 90 [10:49] :) [10:50] geez is it luck time yet? [10:50] 0,4 Shorts YM @ 10391 [10:50] lunch [10:50] I did an early entry prior to the trade signal and had to right that down in my special notes category. [10:50] buggered if i know [10:50] TLT [10:50] 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. [10:51] 0,6 exit stop moved to breakeven ER2 @ 598.90 [10:52] :( unbelievable [10:53] 2 more ticks (597.90) would have been a profit target 1 (pt1). [10:53] 0,2 Covered 1/3 Short ER2 at 598.1 --> + 0.4 4,0 ŤŤ paper ťť [10:53] yeah same for me Niha..jumpy Candles [10:53] 0,6 exit stop moved to breakeven ER2 @ 598.5 4,0 ŤŤ paper ťť [10:54] May get a dark hammer signal... [10:55] Nope...but almost on ER2 2min chart...almost loaded the boat :) [10:56] 0,2 Trailing Stop Hit ER2 @ 598.90 --> 0 [10:56] Late post again :( [10:58] 0,2 Covered 1/3 Short ER2 at 598.1 --> + 0.4 4,0 ŤŤ paper ťť [10:58] 0,2 Covered 1/2 YM Short @ 10386 --> + 5 [10:58] taken another 1/3 profit early [10:58] chicken taking 5 points.. this Price Action SUCKS [10:59] dont like the way its hesistating [10:59] u and me szu [10:59] but better cautious when this happens [11:00] 0,6 exit stop lowered ER2 @ 598.2 4,0 ŤŤ paper ťť [11:02] 0,2 stop hit ER2 @ 598.2 --> + 0.3 4,0 ŤŤ paper ťť [11:05] 0,2 Covered all YM Short @ 10391 --> 0 [11:05] Bastids keep making higher lows [11:06] . [11:11] May get a chance to test a new strategy... [11:12] 0,4 Shorts ER2 @ 598.30 -> small size [11:12] Oh come on ES, sheesh [11:13] Correction... [11:14] 0,4 Shorts ER2 @ 599.30 -> small size [11:16] 0,6 exit stop moved to breakeven ER2 @ 599.30 [11:17] 0,4 Shorts YM @ 10384 [11:18] 0,2 Covered 1/3 ER2 Short @ 598.40 --> + 0.9 [11:19] 0,6 exit stop lowered ER2 @ 599.20 [11:24] 0,2 Exited all ES Long @ 1178.25 --> - 0.75 [11:26] 0,2 Covered 1/3 ER2 Short @ 597.80 --> + 1.5 [11:26] 0,2 Covered 1/2 YM Short @ 10374 --> + 10 [11:26] 0,6 exit stop moved to breakeven YM @ 10384 [11:42] 0,2 Covered all YM Short @ 10383 --> + 1 [11:52] * Awash is now known as Awash_afk [12:02] 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. [12:03] k guys c u all later ,,,ty [12:22] here comes the new HOD [12:22] ? [12:24] 0,2 Trailing Stop Hit ER2 @ 599.20 --> + 0.1 [12:24] I'm done for the day...I fell asleep in my chair and my price alarm movement woke me up :) [12:24] Gonna take a long nap...see all tomorrow. [12:25] Toddler kepted me up last night :( [12:25] That's their job ;) [12:25] * NihabaAshi is now known as NihabaAshi_sleep [12:40] 0,2 Covered all ES Short @ 1175.25 --> + 3.5 [12:43] 0,4 Shorts YM @ 10370 [12:44] 0,2 Covered 1/2 YM Short @ 10360 --> + 10 [12:44] 0,6 exit stop set YM @ 10372 [12:46] 0,3 Long YM @ 10363 4,0 ŤŤ paper ťť [12:47] 0,4 Shorts ER2 @ 596.6 4,0 ŤŤ paper ťť [12:48] 0,2 Exited all YM Long @ 10352 --> - 11 4,0 ŤŤ paper ťť [12:48] This caused by the GM bond downgrade?? [12:48] 0,2 Covered 1/3 Short ER2 at 596.2 --> + 0.4 4,0 ŤŤ paper ťť [12:48] 0,2 Covered Remainder YM Short @ 10343 --> + 27 [12:49] 0,2 Covered 1/3 Short ER2 at 595.1 --> + 1.5 4,0 ŤŤ paper ťť [12:49] shit, i was predisposed to take a profit after such a NR so far [12:49] 0,2 Covered remainder Short ER2 at 595.2 --> + 1.4 4,0 ŤŤ paper ťť [12:57] i gotta take break now [12:57] this was a wild ride [12:57] so i'm gonna go calm down with my head in a bucket of water [12:58] cold water? [12:58] hehe [12:58] yep [12:58] mind u... [12:58] more like water mixed with hops [12:58] its never worked before, but u must admit it sounds courageous [12:58] Hmmmmm Beeeeer [12:59] now look here.. [12:59] i only belive in good kleen fun [12:59] ah.. so you bathe in it eh? [13:00] filtered beer? [13:00] anyway it does my street cred a lotta good to say i stuck my head in the water [13:00] and if u guys dont wanna appreciate my efforst, i'm to have a sulk [13:00] of to have [13:00] off [13:00] hehe [13:01] :) [13:01] thats sulk, not soak [13:01] cu later [13:11] so much for dat rally [13:14] 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. [13:30] Woah - Blaiur is losing in exit polling. [13:30] Blair even [13:31] He was widely expected to win [13:31] ur in the UK right? [13:32] If he loses, that's bad news for Bush and the war in Iraq [13:32] Me, no [13:32] i thought someone here was [13:32] Could be, we get folks from all over. [13:33] les is from UK [13:34] thats prolly who I was thinking of [13:34] You confused me with Les? Gee, thanks. ;) [13:35] roflol [13:35] WTF? [13:36] 0,4 Shorts ES @ 1173 [13:36] whats wrong with les ? :) [13:36] nothing.. good guy imho [13:38] 0,2 Covered all ES Short @ 1172.5 --> + 0.5 [13:38] Nothin, just making a joke [13:39] I guess we're gonna get another pop? [13:39] i thought so [13:39] Weird action [13:51] . [13:55] 0,4 Shorts YM @ 10320 [13:57] 0,2 Covered 1/2 YM Short @ 10312 --> + 8 [13:57] 0,2 Covered all YM Short @ 10323 --> - 3 [13:57] geez popped that sucker [14:04] 0,3 Long YM @ 10329 [14:11] 0,2 Exited all YM Long @ 10320 --> - 9 [14:12] 0,4 Shorts YM @ 10320 [14:12] frikin consolidation chop [14:12] 0,2 Covered all YM Short @ 10330 --> - 10 [14:12] :(( [14:26] 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. [14:29] 0,4 Shorts YM @ 10317 [14:30] 0,4 Shorts YM @ 10319 [14:34] 0,2 Covered all YM Short @ 10327 --> - 10 [14:34] Punks! [14:35] 0,4 Shorts YM @ 10316 [14:36] 0,2 Covered 1/2 YM Short @ 10312 --> + 7 [14:45] cmon get those stops below 300 [14:46] they are fighting it hard here [14:47] geez im exhausted already [14:47] * WannaBeATrader is now known as WBAT-away [14:49] higher low and im toast and down for day [14:54] 0,2 Covered 1/2 YM Short @ 10304 --> + 12 [14:54] 0,2 Covered Remainder YM Short @ 10305 --> + 14 [14:55] couldnt take it anymore [14:55] i need them to break this 300 so i can get a runner and make up my losses [14:56] lower hign and lower low by 2-3 ticks on every 5min candle=torture [15:09] 0,3 Long YM @ 10318 [15:11] c u guys tomorrow [15:12] 0,2 Exited 1/2 YM Long @ 10333 --> + 15 [15:12] 0,6 exit stop moved to breakeven YM @ 10318 [15:12] good catch szu [15:17] alb im DOWN for day got caught in that consolidation [15:17] cya tomorrow [15:18] still a good catch [15:20] yeah everyone waiting for Long at Double Bottom so i jumped in [15:21] i kwew if it didnt break it might explode. but i still like it short [15:22] cya later, good luck [15:38] 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. [15:41] * NihabaAshi_sleep is now known as NihabaAshi [15:43] * WBAT-away is now known as WannaBeATrader [15:52] 0,2 Exited all YM Long @ 10349 --> + 31 [15:53] too many trades. got caught in consolidation, because didnt follow P L A N [16:47] 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. [17:16] * Disconnected Session Close: Thu May 05 17:16:02 2005