Session Start: Fri Jun 10 07:53:13 2005 Session Ident: #FuturesTrades [07:53] * Now talking in #FuturesTrades [08:04] Niha u gonna play the 8:30 Report? [08:04] * NihabaAshi: you're not channel operator [08:07] NO. [08:07] Fxcorner...you have access to the Special Free Strategy. [08:08] I didn't have time to send you notification about such. [08:08] Whats is the password again for the Special Strategy? [08:08] * NihabaAshi: you're not channel operator [08:08] Here's the direct link... [08:09] http://p207.ezboard.com/fthestrategylabfrm98 [08:16] -X- NON Matching Mask, Access Denied on channel #SwingTradingTSL [08:17] -X- MASK *!*intradays@66.130.33.* added for NihabaAshi [08:18] -X- Incorrect password! [08:18] -X- MASK *!*intradays@66.130.33.* added for NihabaAshi [08:19] -X- MASK *!*intradays@66.130.33.* added for NihabaAshi [08:19] -X- Authorization Granted on channel #EminiFutures [08:20] -X- Authorization Granted on channel #TheStrategyLab [08:20] -X- Authorization Granted on channel #SwingTradingTSL [08:21] -X- MASK *!*intradays@66.130.33.* added for NihabaAshi [08:21] -X- Authorization Granted on channel #FuturesTrades [08:22] Be back in a few minutes...had to re-configure my wireless connection (couldn't get online last night) [08:22] * Disconnected Session Close: Fri Jun 10 08:22:47 2005 Session Start: Fri Jun 10 08:25:14 2005 Session Ident: #FuturesTrades [08:25] * Now talking in #FuturesTrades [08:25] [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab [08:36] Be back later around 0920am est...I will be trading the first few hours and then will spend the remainder of the trading day re-posting key info at my website and the ezboard forum along with making my own personal backups. Hopefully I'm done by Monday. [08:36] * Disconnected Session Close: Fri Jun 10 08:36:26 2005 Session Start: Fri Jun 10 09:29:53 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 [09:30] wow niha wc :) [09:31] 0,4 Shorts USDCHF @ 1.2588 -> medium size  [09:32] gm all [09:32] gm [09:38] 0,4 Shorts ES @ 1206.25  [09:41] 0,3 Long YM @ 10662  [09:41] 0,3 Long YM @ 10552  [09:44] 0,2 Exited 1/2 YM Long @ 10561 --> + 9  [09:44] 0,6 exit stop moved to breakeven YM @ 10552  [09:46] 0,3 Buys ER2 @ 630.4 4,0 «« paper »»  [09:47] 0,2 Covered USDCHF Short @ 1.2615 --> - 0.0027  [09:47] 0,3 Reverse and Enter Long USDCHF @ 1.2615  [09:50] 0,4 Shorts YM @ 560 4,0 «« paper »»  [09:51] 0,4 Shorts ER2 @ 629.50 -> small size  [09:51] 0,2 Exited all Long ER2 at 629.8 --> - 0.6 4,0 «« paper »»  [09:51] tweezer top and engulfing consecutively appearing on ES 3 min [09:51] Chased by 3 ticks...don [09:52] Don't have much of a wiggle room :( [09:54] . [09:54] 0,2 Covered all ER2 Short @ 629.40 --> + 0.1  [09:54] 0,2 Exited all YM Long @ 10553 --> + 1  [09:54] :(( [09:55] No wiggle room...couldn't properly manage the trade. [09:55] in forex USD is making new highs for this week [09:55] maybe a hint for indexes:) [09:56] 0,2 Covered all YM Short @ 560 --> 0 4,0 «« paper »»  [09:56] can anyone tell me the correlation? [09:57] Between what specifically ??? [09:57] between USD gaining strenght versuss other currencies and US indexes or the overall market strenght [09:57] and direction [09:58] when usd is gaining i think its good for indices isn't it? [09:58] maybe the reverse..anyone? [09:58] 0,4 Shorts ER2 @ 628.80 -> large size  [09:59] 0,4 Shorts YM @ 19546  [09:59] 0,6 exit stop moved to breakeven ER2 @ 628.80  [09:59] 0,4 Shorts YM @ 10550  [09:59] :( [09:59] PUNKS. [09:59] 0,2 Trailing Stop Hit ER2 @ 628.80 --> 0  [10:00] NQ Puking [10:00] new terms for me.. [10:02] noticed a tweezer top and then an bearish engulfing on ES 3 mins..hesitated to execute even on paper.. [10:02] just 2nd day on sticks though [10:02] [09:58] when usd is gaining i think its good for indices isn't it? [10:02] [09:58] maybe the reverse..anyone? [10:02] It's not a very good correlation. [10:02] U.S. Dollar Index and the Eminis. [10:03] Better correlation (inverse) between U.S. Dollar Index and EurUsd or EuroFX. [10:04] i read a paper on this..they said a broader market direction of USD is the right direction to go for the indices.. [10:04] any divergence here should be exploited [10:04] dont remember where i read it though [10:04] thansk niha [10:05] Whenever "correlation" becomes part of someones strategy...timing a trade is key. [10:06] 0,6 exit stop set YM @ 10563  [10:06] 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. [10:07] understood [10:07] they did not mean intraday though [10:08] ressistance at 1.2635-1.2640 zone for USDCHF [10:09] ER2 trying to hold LOD...imho [10:10] which means if it breaks down, we get a strong movement?? [10:10] 0,4 Shorts ER2 @ 627.2 4,0 «« paper »»  [10:11] 0,6 exit stop lowered YM @ 10551  [10:12] comeone USD u gotta break that lame ressistance on 1.2640 [10:12] afterall its a friday :) [10:12] Good ? Les... I guess I meant it just as an observation [10:12] 0,2 Covered 1/2 YM Short @ 10538 --> + 12  [10:16] 0,6 exit stop moved to breakeven USDCHF @ 1.2615  [10:16] dam broke it :) [10:16] GM holding this Pig [10:16] next usdchf ressistance at 1.2675-1.2680 zone [10:17] may hold things for the tiem being [10:17] so much for my idea about b/f=down :( [10:17] b/down [10:18] * fxtrades moves USDCHF exit stop to 1.2640 [10:19] 0,6 exit stop lowered YM @ 10550  [10:19] come on USD 2678 looks pesky :) test it and close above it :) [10:19] 0,2 Covered 1/2 YM Short @ 10536 --> + 9010  [10:20] HUH?? [10:20] +10 [10:20] 0,6 exit stop lowered YM @ 10548  [10:22] we have already broken the key ressistance for the week at 1.2655 [10:24] a 30 min close above 1.2650 indicates the trade is still very good..holing it if such is the case [10:25] 0,4 Shorts YM @ 11560 4,0 «« paper »»  [10:25] if yes then we will test 1.2675-1.2680 [10:25] 0,2 Covered all YM Short @ 11549 --> + 11 4,0 «« paper »»  [10:26] i wish profit-taker don't get satisfied and start selling :( [10:26] not untill 2680 [10:27] 0,6 buy limit to cover ES short @ 1203.25  [10:28] in euro we need a close below 1.2143 [10:28] could go anywhere [10:29] 0,2 Covered ES Short @ 1203.25 --> + 3  [10:30] close at 2655 [10:30] holding it [10:30] weekly key resistance though [10:30] might get a 30 pip reversal here [10:30] 0,4 Shorts ER2 @ 627.40 -> large size  [10:30] 0,6 exit stop lowered YM @ 10536  [10:31] Geesh... [10:32] niha your short on ER2 was very good [10:32] traded ES though :) [10:32] +2.5 now [10:32] No...I chased it and I'm looking to dump it because of the bad entry. [10:33] i traded ES instead of ER2 that time.. [10:33] I'm on the light side of a Large ER2 position today...5 contracts max. [10:33] short from 1205.75 [10:33] ic [10:33] 0,2 Covered ER2 Short @ 627.10 --> + 0.3  [10:33] Holding 2 contracts [10:34] i am just on paper [10:34] will be watching YM 10510 area, hoping that breaks if not plan to cover [10:34] for futures [10:34] 550, you got a nice entry TLT [10:35] i am taling about ur first ER2 call time [10:35] thnx, I;ve been working on lower risk entries [10:35] 0,6 exit stop moved to breakeven ER2 @ 627.40  [10:36] 0,3 Long ES @ 1202.75 4,0 «« paper »»  [10:36] :( [10:36] 0,2 Trailing Stop Hit ER2 @ 627.40 --> 0  [10:37] My breadths are confirming this latest break thru support [10:37] are not, that is [10:38] Chasing today has cost me a total of +0.90 ER2 points per contract :( [10:38] Seems like chasing hurts he most on low vol days :( [10:38] @niha u shorted ..then covered ..then moving exit stop to breakeven? you didnt say partiallly covered? [10:38] just confused here [10:38] Probably won't be in market shape until mid next week after the major computer problems and forum hacker problems. [10:39] I covered 3 contracts then said I had two remainders...moved stop to breakeven on those remainders...remainders got picked off. [10:39] It was a 5 contract trade. [10:40] [10:33] Covered ER2 Short @ 627.10 --> + 0.3 [10:40] [10:33] Holding 2 contracts [10:40] my mistake [10:40] sorry for that [10:40] 0,2 Exited 1/3 ES Long @ 1204 --> + 1.25 4,0 «« paper »»  [10:40] actually i am trading 4 instruments and watching this screen at the time [10:41] overlooked [10:41] 0,6 exit stop set ES @ 1203 4,0 «« paper »»  [10:41] * FFT sets next 1/3 @ 1204.75 [10:41] Hopefully I can get some good signals next week because I plan on bumping up the size to compensate for all the mixed trading days these past 2 weeks. [10:42] 0,2 Exited 1/3 ES Long @ 1203.75 --> + 1 4,0 «« paper »»  [10:44] on ES 10 min there's a doji at a good support level [10:44] long from 1203.50 [10:44] 0,2 Trailing Stop Hit ES @ 1203 --> + 0.25 4,0 «« paper »»  [10:46] support is at 1202.75 - 1203 according to my calculation [10:47] usd breaking up again :) [10:47] will test 1.2680 this time :) [10:48] on ES target is the days high till now..that is 1208.00 [10:49] 0,2 Trailing Stop Hit YM @ 10536 --> + 14  [10:49] stop at 1199.50 [10:49] sorry 1201.50 [10:50] USDCHF testing 1.2680 area as predicted :) [10:52] 0,6 exit stop raised USDCHF @ 1.2655  [10:52] USDCHF testing 1.2680 area as predicted :)... [10:52] What platform do you use for Forex ? [10:53] oanda [10:53] and fxdd [10:53] is it good ? [10:53] oanda lets me scale in and out out positions without a unit size [10:53] money management is possible [10:53] Man, we've been in this stupid range for a month, it seems like. [10:54] i find it very good :) [10:54] thks [10:54] wc [10:55] comeon break the damn ressistance at 1.2680 :) u can do it [10:56] 2 hours to timestop on my usdchf trade [10:56] gonna hold it till then unless a strong revesal shows up [10:57] 2680 looks tough to break though :( [10:58] a close above 1.2665 is required for the trade to stay "excellent" [10:59] 1 minute to go [11:00] closed at 1.2672 [11:00] trade is still good for another 15-20 pips [11:00] i think :( [11:01] euro shud test 1.2110 gbp 1.8110 and usdchf 1.2680 [11:03] 0,4 Shorts YM @ 10535  [11:05] 0,3 Long ES @ 1203  [11:05] testing 2680 [11:06] @niha am i cluttering the screen? [11:06] actually i find it better to comment coz it makes me more disciplined .. [11:06] makes me follow my own rules [11:07] Welcome [11:07] i want to close on or above 1.2678 in this 30 minute bar [11:07] thanx :) [11:08] 0,3 Buys ER2 @ 628.5 4,0 «« paper »»  [11:09] all currencies tested the designated support and ressistance levels mentioned above [11:09] i should exit all here [11:10] but i'll light my positions and target another 10-15 pips on rest [11:10] i am greedy on fridays :) [11:12] 0,2 Covered all YM Short @ 10535 --> 0  [11:14] on ES the designated support at 1202.75-1203 is holding [11:14] 0,2 Exited 2/3 Long ER2 at 628.8 --> + 0.3 4,0 «« paper »»  [11:16] on USDCHF we have a 15 min close at 1.2685 [11:16] well above ressistance [11:16] 1.2680 is now support [11:16] shall test 1.2710 next :) [11:16] Perhaps an ES retrace up to VWAP @ 5.25 [11:16] greed pays off sometimes :) [11:17] 0,2 Exited remainder Long ER2 at 628.5 --> 0 4,0 «« paper »»  [11:17] 0,2 Exited all ES Long @ 1203.5 --> + 0.5  [11:17] Dang [11:17] ER2 SPT: 27.6 spt: 27.9 res: 28.9 RES: 29.0 ... for what it's worth. [11:18] 0,6 exit stop raised USDCHF @ 1.2675  [11:18] are we gonna tank more :) usd doing it today :) [11:18] 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. [11:20] 0,2 Exited 1/2 USDCHF Long @ 1.2688 --> + 0.0138  [11:21] 420+ pips so far today ..capitalwise up 10% ;) [11:22] nice!! [11:22] if 1.2678 doesnt hold by this 30 min candle i am going to close the remainder .. [11:23] did had much of a hiccup today..pretty much one way move .anybody would make money today :) [11:23] did not* [11:25] i need more patience thoug..exiting very early once a direction develops..any good books on psychology anyone? [11:26] 0,3 Long YM @ 10536  [11:26] fxtrades [11:26] yep? [11:26] read Douglas's stuff [11:26] full name please [11:26] Trading in the Zone...and [11:26] yep i have that one [11:26] The Disciplined Trader [11:26] any other [11:26] ok thanx :) [11:27] my opnion is most poeople dont really need much else [11:27] and i should know... [11:27] i do! [11:27] i'm a psychologist [11:27] :) [11:27] wow [11:27] nope.. justy a psychologist [11:28] u already won half the battle then :) [11:28] most of it was won within 6 months of strating to trade [11:28] looks like we'll close much higher than 1.2678 [11:28] and i'm still not happy with my trading, but thats not due to psychology stuff [11:29] do you have @niha's strategies? [11:29] aka manual? [11:29] yes [11:29] still struggling? [11:29] fx... he's a psycologist... ok.. now.. you understand right? [11:29] not the Trading Manual...will get that when he finishes revising [11:30] ic [11:30] 0,4 Shorts ER2 @ 629.2 4,0 «« paper »»  [11:30] usdchf closed at 1.2685 holding it :) [11:32] next target 1.2710 [11:32] 0,2 Covered 2/3 Short ER2 at 628.9 --> + 0.3 4,0 «« paper »»  [11:33] 0,2 Covered remainder Short ER2 at 628.8 --> + 0.4 4,0 «« paper »»  [11:34] i think eurofx futures moves in sync with eurousd in forex right? [11:35] high correlation? [11:35] btw, Mark Douglas will be speaking in woodie's cci room on... i think it's the 25th [11:35] my hotcomm expired.. [11:35] (Trading in the Zone author, someone mentioned above) [11:35] will renew before that [11:36] i bought the book last weekend, haven't had time to read [11:37] another great read is: The Psychology of Trading by Brett N. Steenbarger [11:38] good info [11:38] is much easier read than Douglass...whom i felt was very good too.... just a bit repetitive [11:40] anyone has a clue about the correlation question above! [11:40] thanx jon:) [11:40] yw.. np [11:41] usdchf at 1.2690 [11:41] i need 15 more [11:41] i need about 1mil more [11:41] ;) [11:41] :) [11:43] a doji on usdchf 15min..trade has lost momentum to some extent but still holding it [11:44] 0,2 Exited Remainder USDCHF Long @ 1.2285 --> - 0.033  [11:44] sorry i meant 1.2685 [11:45] 0,2 Exited Remainder USDCHF Long @ 1.2685 --> + 0.007  [11:45] About psychology you have Zen and the art of Poker (Larry w. Phillips) very good for a trader ! [11:45] wow more info thanx:) [11:46] dunno how much i will be able to read [11:46] will start with duglass [11:47] Zen...is a very small book [11:47] ok then i'll read in inside out [11:48] ES long not developing and still testing support [11:49] have a tweezer bottom on 10 mins confirming my long [11:49] 0,3 Long ES @ 1202.75  [11:50] i don't know how long it will take for me to get used to this futures thing..migrated my forex strategy here..let us see [11:50] Take it slow... [11:50] hmm ok niha [11:51] i'll be testing for 3 months before jumping onboard [11:51] good enough? [11:51] Took me about 2 years to convert (re-design) some of my stock strategies for use on the Eminiks. [11:51] oops [11:51] okay then [11:51] i'll take your experience [11:52] 0,2 Exited all ES Long @ 1203.5 --> + 0.75  [11:52] I think (personal opinion) to go from Forex to Eminis if your more into price action only and less interested in indicators. [11:52] we'll se a small 15-25 pips reversal here on all currencies beforre the market closes:) [11:53] Meant "easier" to go from Forex to Futures than the other way around. [11:53] yeap i mostly trade on time price patterns simple S/R s and some fib and emas [11:53] should work on any instrument..but only time will tell [11:54] first trend direction and then timing [12:00] stopped out on ES paper trade at 1201.50 for -2.00 :( [12:01] 1199.75 is square of 9's [12:01] 0,3 Long ES @ 1201.5  [12:02] (on ES) [12:02] 0,3 Long ES @ 1201.75 4,0 «« Scalp »»  [12:04] r you using wave59 codehead? [12:04] no, got that # from someone else [12:05] INTC tryign bounce [12:12] 0,2 Exited all ES Long @ 1200.5 --> - 1  [12:13] hm, tried to post long ES 1200.50 << paper >>, having problems with script [12:13] strange [12:15] Going to lunch... [12:15] * NihabaAshi is now known as NihabaAshi_away [12:15] bon apetit [12:17] * Disconnected [12:19] * Attempting to rejoin channel #FuturesTrades [12:19] * Rejoined channel #FuturesTrades [12:19] [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab [12:19] HUH? 2 Niha's? [12:27] 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. [12:29] [12:19] Food sounds good BUT im in a trade - order a pizza :) [12:30] hehe.. pizza again? had it yersturday [12:33] 0,3 Long YM @ 10497  [12:33] 0,6 exit stop set YM @ 10487  [12:34] actually, it's just gettign good, but it's paper [12:34] need to look for real trades [12:37] 0,2 Exited ES Long @ 1199.50 --> - 2.25 4,0 «« Scalp »»  [12:37] 0,4 Reverse and Enter Short ES @ 1199.50 4,0 «« Scalp »»  [12:48] dealing with software issues [12:50] if stop is hit will probably reverse [12:58] 0,3 Long ES @ 1199.5  [12:58] * FFT_Lunchtime is now known as FFT [13:02] 0,2 Exited all ES Long @ 1199 --> - 0.5  [13:02] Dasrn you TICK [13:03] 0,3 Long ES @ 1199.5  [13:24] * Disconnected Session Close: Fri Jun 10 14:46:49 2005 Session Start: Fri Jun 10 14:54:16 2005 Session Ident: #FuturesTrades [14:54] * Now talking in #FuturesTrades [14:54] [NihabaAshi] Password, trade post script, trader profiles and trade journals are posted ONLY at the discussion forum at http://p207.ezboard.com/bthestrategylab [14:55] 0,2 Exited 1/2 YM Long @ 10487 --> + 2  [14:56] 0,2 Exited all Long ER2 at 626.3 --> - 0.6 4,0 «« paper »»  [14:56] oops [14:57] ignore that..for got to post the entry... +.30 anyway [14:59] bond signal looking like long and strong [15:01] 0,6 exit stop set YM @ 10484  [15:02] 0,6 exit stop raised YM @ 10490  [15:09] 0,6 exit stop raised YM @ 10496  [15:10] 0,3 Buys ER2 @ 626.8 4,0 «« paper »»  [15:11] 0,2 Exited 2/3 Long ER2 at 627.3 --> + 0.5 4,0 «« paper »»  [15:12] 0,2 Exited remainder Long ER2 at 627.4 --> + 0.6 4,0 «« paper »»  [15:12] 0,6 exit stop raised YM @ 10507  [15:13] if this 5 min bar does not close above 10523 i'll close out [15:15] 0,2 Exited Remainder YM Long @ 10522 --> + 37  [15:16] 0,4 Shorts ER2 @ 627.5 4,0 «« paper »»  [15:16] Nice TLT! [15:16] thnx szu [15:16] 0,2 Covered 2/3 Short ER2 at 627.2 --> + 0.3 4,0 «« paper »»  [15:20] 0,2 Covered remainder Short ER2 at 627.4 --> + 0.1 4,0 «« paper »»  [15:28] whew dow got thru [15:41] goingt to leave office early to beat some traffic c u guys next week [16:00] 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. [16:46] Take care all and have a nice weekend...mine weekend will be very busy re-posting the fee-based strategies at the new Yahoo! Group after the Hacker Attack on the ezboard network that host our discussion forum :( [16:47] * Disconnected Session Close: Fri Jun 10 16:47:10 2005