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 Post subject: May 14th Thursday 2009
 Post Posted: Thu May 14, 2009 3:33 pm 
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Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
Note: The chat log below represents the free chat room called #FuturesTrades that's hosted by TheStrategyLab.com and any one can use the chat room to post their trades. Simply, we do not know what trading methods are being used by some members while others are using methods we ourselves don't use.

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------------------------

Session Start: Thu May 14 08:19:06 2009
Session Ident: #futurestrades
[08:19] * Now talking in #futurestrades
[08:19] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[08:25] <pat255> gm all
[08:29] <rickf> gm
[08:29] <+rickf> PPI @ 830
[08:29] <+rickf> and jobless
[08:31] <@NihabaAshi> Shorts ES @ 879.25 -> small size
[08:32] <@NihabaAshi> 2 only
[08:32] <+rickf> PPI Up 0.3%, Core PPI Up 0.1%; Jobless Claims Rise by 32,000 to 637,000, Continuing Claims Hits Record Again (story developing)
[08:33] <@NihabaAshi> Like yesterday, I'm only going to trade 1 - 2 contracts.
[08:33] <@NihabaAshi> Thus, my overall profit/loss result today will be small.
[08:34] <+pat255> y this action calls for that small stakes
[08:34] <@NihabaAshi> However, only different between today and yesterday is that I'm "expecting" today's price action to be much better today than yesterday as in more trade opportunities and better profit targets.
[08:34] <@NihabaAshi> Covered all ES Short @ 880.25 --> - 1
[08:36] <@NihabaAshi> Long ES @ 882.00 -> small size
[08:36] <@NihabaAshi> 2 only
[08:36] <TraderG> http://traderfeed.blogspot.com/2009/05/ ... -what.html
[08:36] <+TraderG> this was interesting 4 me
[08:38] <+rickf> i am expecting downward moves this week
[08:38] <+rickf> prolly get a morning bounce that will set up a nice itraday short
[08:40] <@NihabaAshi> geeesh
[08:41] <@NihabaAshi> Those are the types of pops that smashes through stops leaving traders scratching their heads "what happen".
[08:44] <+rickf> and gets the newbies to go right back in and try to make up the loss
[08:45] <+rickf> most likely flailing around and losing evne more
[08:45] <@NihabaAshi> Exited all ES Long @ 884.25 --> + 2.25
[08:46] <+pat255> vn comeback
[08:47] <@NihabaAshi> I usually get hit with at least one loss of about -1 point or less whenever I trade a 0830am est economic event.
[08:48] <@NihabaAshi> However, after a few trades...I'm usually at a profit prior to the 0930am est opening bell.
[08:48] <+rickf> u doing much early trading yet wrbtrader?
[08:48] <+rickf> iirc you were thinking of dowing the euro sesson
[08:49] <@NihabaAshi> Not...not since the birth of the kids.
[08:49] <+rickf> ;)
[08:49] <+rickf> (even though for the first few years you'd be awake anyway)
[08:49] <+rickf> lol
[08:50] <@NihabaAshi> Just don't have the energy to get up early to trade and then trade all day...reason why I take frequent long trading breaks through out the trading day.
[08:50] <+rickf> fair enough - i also need to take major breaks
[08:50] <@NihabaAshi> Once in awhile is ok...like 1 - 2 times per month.
[08:51] <@NihabaAshi> In the past, I use to always trade whenever there was a 0830am est report or something earlier around 0700 - 0715am est via a ECB report out of Europs
[08:51] <@NihabaAshi> Very good profits
[08:52] <+rickf> indeed - especially on the DAX
[08:53] <@NihabaAshi> DAX, CAC40, FTSE100 and EuroFX are my favorites...
[08:53] <@NihabaAshi> In a few years will be looking forward to trading them again.
[08:54] <+rickf> I did the DAX live twice .... huge profit one trade, modest loss on the second
[08:54] <+rickf> thing is like the titanic on crack the way it moves
[08:54] <+rickf> but oh-so-fun to trade ;)
[08:54] <+rickf> never done the CAC/FTSE though
[08:55] <+rickf> EuroFX and other FX are good as well, I do them via futs and spot
[08:55] <@NihabaAshi> Well...if your in the U.S. or North America and don't mind getting up around 1am est to begin preparing for Eurex trading...that's where a lot of the action is at.
[08:56] <@NihabaAshi> If your in Europe...those trading instruments should be primary trading instruments.
[08:56] <+rickf> problem is when i am awake at 0100 I am trying to get back to sleep, and trading will only wake me up. :) about the most i can muster is surfing wikipedia or Elitetrader
[08:56] <+rickf> got too much to do during the day to shift schedules that much
[08:58] <@NihabaAshi> I know a few guys that's up early like that (1am - 2am est) then trade the DAX or EuroFX and then switch over to the U.S. Eminis after 0930am est then continue trading until 4pm est...
[08:58] <@NihabaAshi> That's crazy :)
[08:58] <+rickf> ugh
[08:58] <+rickf> could not do that
[08:58] <@NihabaAshi> I couldn't do it and is something only a single guy could do that doesn't have a social life.
[08:58] <+rickf> LOL indeed
[09:03] <+TraderG> tried that but was a Zombie the day after
[09:03] <+TraderG> thought of moving to Europe
[09:04] <+TraderG> but life is too cushey here
[09:04] <@NihabaAshi> :)
[09:04] <+pat255> wheer are u trader?
[09:04] <+TraderG> i don't want to drive an 1100cc engine car
[09:04] <+rickf> heh
[09:05] <+TraderG> or live in a 900sf appartment
[09:06] <+TraderG> actually the appartment I could get used to. Maybe
[09:08] <+TraderG> bbl. take care
[09:08] <+rickf> ccya
[09:16] <kosmipt> test
[09:17] <+rickf> hi
[09:19] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[09:30] <drt> gm everyone
[09:31] <@NihabaAshi> Long ES @ 884.00 -> small size
[09:31] <@NihabaAshi> 2 only
[09:31] <+kosmipt> very small gap down today
[09:32] <+kosmipt> Shorts ES @ 883.25 «« simulator »»
[09:33] <ItalianSharp> gm all
[09:33] <@NihabaAshi> We got great volatility right now...it's going to pop here soon...up or down.
[09:33] <+rickf> hi
[09:33] <+kosmipt> Covered all ES Short @ 884.50 --> - 1.25 «« simulator »»
[09:33] <@NihabaAshi> trailing stop @ profit
[09:34] <@NihabaAshi> Exited all ES Long @ 885.25 --> + 1.25
[09:34] <jbuch> morning all
[09:35] <@NihabaAshi> Long ES @ 886.25 -> small size
[09:35] <@NihabaAshi> 2 only
[09:35] <@NihabaAshi> intuition
Session Close: Thu May 14 09:37:19 2009

Session Start: Thu May 14 09:37:19 2009
Session Ident: #futurestrades
[09:37] * Disconnected
[09:38] * Attempting to rejoin channel #futurestrades
[09:39] * Rejoined channel #futurestrades
[09:39] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:39] <+kosmipt> test
[09:39] <@NihabaAshi> sorry about that...had IRC connection problem
[09:39] <@NihabaAshi> Prior trade trailing stop hit
[09:39] <@NihabaAshi> Exited all ES Long @ 886.50 --> + 0.25
[09:39] <+kosmipt> Shorts ES @ 884 «« simulator »»
[09:39] <rickf> long 100 more SDS @ 61 (late)
[09:40] <+rickf> avg cost 65.50 now
[09:40] <+ItalianSharp> today is shaping up as a range day so far...we could see new lows or be stuck inside yesterday's tight range after 3pm
[09:40] <+ItalianSharp> i wont be taking trades inside that last hr range from yesterday
[09:41] <@NihabaAshi> I'm surprised ES hasn't shaken out of yesterday's last hour range...
[09:41] <+rickf> yep - pretty much flat since the open
[09:41] <+ItalianSharp> where is gap city?
[09:42] <+rickf> flat on the session thus far too
[09:42] <+kosmipt> Covered all ES Short @ 885.25 --> - 1.25 «« simulator »»
[09:42] <+rickf> (flat = +/- 1 point or so)
[09:42] <@NihabaAshi> GAP City will return tomorrow :)
[09:42] <+kosmipt> 885.25 is yesterdays settle
[09:42] <+rickf> expiration day tomorrow
[09:42] <@NihabaAshi> Long ES @ 885.75 -> small size
[09:42] <@NihabaAshi> 1 only
[09:43] <+kosmipt> chopping around yesterdays close
[09:44] <+ItalianSharp> momentum is still bullish...
[09:45] <+jbuch> Shorts SPY @ 88.99
[09:45] <+ItalianSharp> bulls better exploit it soon
[09:45] <+ItalianSharp> or else, it could reverse quickly
[09:46] <@NihabaAshi> Exited all ES Long @ 885.00 --> - 0.75
[09:48] <@NihabaAshi> Shorts ES @ 882.50 -> small size
[09:48] <@NihabaAshi> 2 only
[09:50] <@NihabaAshi> Covered all ES Short @ 882.00 --> + 0.5
[09:51] <@NihabaAshi> lucky trade because the entry was an error...
[09:51] <+rickf> ducky price thus far
[09:51] <@NihabaAshi> Had decided to not go Short and accidentally click the market order
[09:51] <+rickf> either that or my charts are off :(
[09:52] <@NihabaAshi> It's spasm like price action
[09:52] <+jbuch> Covered all SPY Short @ 88.61 --> + 0.38
[09:52] <+TraderG> A lot of people are afraid of heights. Not me, I'm afraid of widths.
[09:52] <+rickf> specially on airplanes
[09:52] <+jbuch> :))
[09:53] <+TraderG> I watched the Indy 500, and I was thinking: if they left earlier, they wouldn't have to go so fast.
[09:53] <+rickf> heh
[09:54] <@NihabaAshi> weak support area
[09:56] <+jbuch> low of yesterday
[10:01] <silo> short 8274
[10:03] <+silo> out 8290
[10:04] <+rickf> short es 885.50
[10:09] <+kosmipt> Shorts ES @ 886 «« simulator »»
[10:09] <+rickf> out 885.25 +.25
[10:09] <+rickf> chart problms
[10:10] <+rickf> restarting
[10:11] <+rickf> back
[10:11] <+jbuch> Long SPY @ 89.09
[10:12] <+ItalianSharp> looks like a bullish day so far
[10:12] <+ItalianSharp> a potentially bullish day
[10:14] <+jbuch> Exited all SPY Long @ 89.19 --> + 0.1
[10:14] <+jbuch> dang it touched on my profit target but no fill
[10:16] * codehead_afk is now known as codehead
[10:16] <@NihabaAshi> Yesterday's range is like quicksand for today's price action
[10:17] <pdays> Shorts ES @ 887.5
[10:18] <+pdays> Covered all ES Short @ 886.75 --> + 0.75
[10:20] <@NihabaAshi> Shorts ES @ 886.00 -> small size
[10:20] <@NihabaAshi> 1 only
[10:20] <@NihabaAshi> intuition
[10:22] <@NihabaAshi> Covered ES Short @ 887.25 --> - 1.25
[10:22] <@NihabaAshi> Reverse and Enter Long ES @ 887.25
[10:22] <@NihabaAshi> 2 only
[10:23] <@NihabaAshi> Exited all ES Long @ 886.25 --> - 1
[10:24] <@NihabaAshi> quicksand
[10:26] <@NihabaAshi> Long ES @ 886.25 -> small size
[10:26] <@NihabaAshi> 2 only
[10:27] <@NihabaAshi> volatility drying up...could be ES last chance to breakout of the range.
[10:29] <@NihabaAshi> Exited all ES Long @ 885.75 --> - 0.5
[10:29] <@NihabaAshi> back inside the quicksand
[10:29] <+jbuch> Shorts SPY @ 88.99
[10:30] <+jbuch> Covered all SPY Short @ 89.01 --> - 0.02
[10:31] <@NihabaAshi> Long ES @ 885.75 -> small size
[10:31] <@NihabaAshi> 2 only
[10:33] <+jbuch> Long SPY @ 89.03
[10:35] <+jbuch> Exited all SPY Long @ 89.2 --> + 0.17
[10:38] <@NihabaAshi> Exited all ES Long @ 888.25 --> + 2.5
[10:38] <+jbuch> nice wrbtrader
[10:38] <+jbuch> good patience
[10:39] <@NihabaAshi> I knew a Long position in that upper part of the "quicksand" would work...
[10:40] <@NihabaAshi> I just didn't know how high it most likely could go.
[10:40] <@NihabaAshi> Both prior losses was "shakeouts" (exited early) before my stop got hit
[10:41] <pat255> N what stop are u using? 4pts
[10:41] <+jbuch> that is my biggest nemises
[10:41] <+jbuch> moving my stop loss
[10:42] <+jbuch> bbl
[10:42] <@NihabaAshi> -4 emergency hard stop and -2 point mental stop but my average loser is around -1 point.
[10:42] <+pat255> k thks ...yeah need to keep tight leash on stop
[10:43] <+pat255> dang today low 80 was a buy area ..from yesterday low ...dang did not connect me
[10:43] <@NihabaAshi> Yeah...as soon as it reaches -1 point...I try to determine if I should hang in there or exit early.
[10:44] <+pat255> y
[10:44] <+rickf> wrbtrader - that's my take as well
[10:44] <@NihabaAshi> At -2 point I give in and say uncle.
[10:44] <+pat255> lol
[10:44] <+rickf> tho if i am trading light (2 contracts) and am still confident i might let it run for a bit
[10:45] <+rickf> since i could, if i was so inclined, double up if conditions warranted my remaining sure of my assessment
[10:45] <+rickf> but i dont do that often anymore
[10:45] <+rickf> long es 884.75
[10:45] <@NihabaAshi> ES back inside the quicksand
[10:46] <@NihabaAshi> Any pop back up from this level should be good for a few more ticks to the upside.
[10:47] <@NihabaAshi> weak support area
[10:47] <@NihabaAshi> watching to see if it can hold and pop upwards
[10:47] <+rickf> out 885 +.25
[10:49] <@NihabaAshi> support broke
[10:49] <@NihabaAshi> Shorts ES @ 884.00 -> small size
[10:49] <@NihabaAshi> 2 only
[10:50] <+silo> wrbtrader shorting 884.00
[10:50] <+silo> ?
[10:51] <@NihabaAshi> Covered all ES Short @ 885.00 --> - 1
[10:51] <+silo> what timeframe are you using these days
[10:51] <@NihabaAshi> 10sec, 15sec, 30sec, 1min, 2min and 3min
[10:52] <@NihabaAshi> The more trades I trade and faster trades...I'm obviously using intervals LESS than 1min.
[10:53] <@NihabaAshi> Usually when I concentrate on 1min, 2min and 3min charts...I have no more than 5 trades total for the day.
[10:54] <+silo> if accuracy is the same isn't it the same though
[10:55] <+silo> taking less trades... but having greater rewards as well
[10:55] <+silo> vs. taking more trades
[10:55] <@NihabaAshi> No...that's only if your consistent with your trading hours.
[10:55] <@NihabaAshi> I don't have consistent trading hours.
[10:56] <@NihabaAshi> Also, I don't trade the exact same setup :)
[10:56] <@NihabaAshi> Simply, I agree with what you said if my trading hours were consistent and I was using the exact same trade setup.
[10:59] <@NihabaAshi> Throw in some changing volatility from one trading day to the next...
[11:00] <@NihabaAshi> time to ignore the stats and concentrate on trade management :(
[11:00] <@NihabaAshi> Position size management then starts to have its most impact.
[11:01] <codehead> short 2c ES 887.50 <paper>
[11:02] <@NihabaAshi> We got a creeper price action right now...will be tough to get Long into
[11:04] <@NihabaAshi> Gold doing it's part but not Oil...one of the reason we're stuck in this quicksand...other key markets not in sync
[11:04] <+codehead> stop 889.25 <paper>
[11:04] <+jbuch> man i can't believe we are still in this range
[11:05] <+codehead> exit flat <paper>
[11:05] <+TraderG> Why to ballerinas always stand on their tip-toes? Why don't the producers just hire taller dancers?
[11:06] <+jbuch> I live on a one-way street that's also a dead end. I'm not sure how I got there.
[11:06] <+codehead> short 1c 887.75 ES <paper> stop 889.25
[11:07] <@NihabaAshi> first consistent contraction of the day
[11:07] <@NihabaAshi> Hopefully it setups up a flurry of price action
[11:09] <+jbuch> Long SPY @ 89.18
[11:09] <@NihabaAshi> Long ES @ 887.50 -> small size
[11:09] <@NihabaAshi> 2 only
[11:12] <+codehead> stopped -1.5 ES 1c <paper>
[11:12] <+jbuch> Exited all SPY Long @ 89.39 --> + 0.21
[11:12] <@NihabaAshi> Exited all ES Long @ 889.00 --> + 1.5
[11:18] <@NihabaAshi> creeper price movement = less trade opportunities
[11:18] <@NihabaAshi> That's what we've had for the past 20 mins :(
[11:19] <+pat255> y
[11:20] <@NihabaAshi> You heavy hitters in here doing 50 - 100 contracts per trade need to be more active...
[11:20] <@NihabaAshi> This creeper price action is tough to trade :)
[11:20] <+jbuch> I do 100 to 1000 :))
[11:21] <+jbuch> pulling my weight
[11:21] <+pat255> geez once broke that sand area moved well
[11:21] <+jbuch> oh shares not contracts
[11:22] <+jbuch> this level was rejected a couple of times yesterday
[11:23] <+jbuch> but the tick was hitting a positive extreme so maybe just gathering steam below it
[11:24] <@NihabaAshi> be back later...gotta help spouse to clean up the patio and plant some new bushes
[11:24] * NihabaAshi is now known as NihabaAshi_away
[11:25] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[11:29] <+jbuch> going back to stop loss management plans. Isn't the best place to put ur stop below the last swing.
[11:30] <+ItalianSharp> ridiculous poor attempt by bulls
[11:30] <+ItalianSharp> pussing out as soon as HOD is made
[11:30] <+jbuch> instead of using an arbitrary #
[11:31] <+rickf> doing the es i find that hving a catastrophic sl is the best approach for me -- if you worry about 1 being stopped out too soon, you will get fearful and make bad trades
[11:31] <+rickf> as i often do/did
[11:31] <+ItalianSharp> i had a target for YM to hit 315...the pussy couldnt rise above 13
[11:31] <+rickf> so if it hits a catastrophic stop, i know i'm out and done and can re-evaluate
[11:31] <+ItalianSharp> rick...what do you mean by catastrophic?
[11:31] <+rickf> but i no longer panic if a trade goes against me by a point or so anymore, nor do i keep a REEAL tight stop loss
[11:31] <+rickf> wrbtrader's 4 point
[11:32] <+rickf> catastrophic - if my network goes down, and the market reverses while i am rebooting, at last i'll be out
[11:32] <+rickf> kind of like a final safety line for my trade
[11:32] <+ItalianSharp> what is it? in terms of #s?
[11:32] <+rickf> usually a 4 point automatic exit
[11:33] <+rickf> but if it goes 2 points against me i'll prolly exit myself
[11:33] <+rickf> that's jut there in case of computer or network problems
[11:33] <+ItalianSharp> right
[11:34] <+jbuch> I feel the same way about having a tight stop if it fails then I reevaluate what the market is doing to see if I was wrong.
[11:34] <+TraderG> All those who believe in psychokinesis raise my hand.
[11:34] <+jbuch> lol
[11:35] <Nesi> hi all
[11:35] <+jbuch> hey nesi
[11:35] <+rickf> for me the fear of getting stopped out due to market noise is more annoying than anything else and contributed to my bad trading
[11:35] <+TraderG> nesi as in the monster?
[11:35] <+Nesi> ;)
[11:35] <+rickf> i dont mind being stopped out for 'catastrophic' reasons though -- that's just good risk management
[11:36] <+rickf> and once i'm profitable i tend to manage my stops manually, drag it up as profits increase
[11:38] <+jbuch> I like to take trades wihtin the 5 cents of the last swing and then use a 10 cent stop.
[11:39] <+jbuch> If I am right this almost always works.
[11:39] <+jbuch> but like u said rick whatever makes u comfertable while in the trade is all that matters
[11:39] <+pat255> spy 5c too tight it can move fast
[11:39] <+jbuch> I do it all day everyday
[11:40] <+rickf> indeed
[11:40] <+rickf> is why i gave up auto-trading ... there's too much context each day to effectively autotrade a strategy i think
[11:40] <+jbuch> I don't use a 5 cent stop i use approxiametly a 10 cent stop.
[11:40] <+rickf> you need to have the human element to pick up nuances and context and recognize things
[11:41] <+pat255> k
[11:42] <+jbuch> although I will often place my stops just a few cents above my entry once I am in it
[12:01] <+jbuch> gonna post some jokes hope no one minds.
[12:01] <+jbuch> Do Lipton employees take coffee breaks?
[12:01] <+jbuch> Curiosity killed the cat, but for a while I was a suspect.
[12:02] <+jbuch> For my birthday I got a humidifier and a de-humidifier... I put them in the same room and let them fight it out.
[12:03] <+jbuch> I have an existential map. It has 'You are here' written all over it.
[12:04] <+rickf> hehe
[12:04] <+rickf> and for some trading diversions -- may i present:
[12:04] <+rickf> http://www.youtube.com/watch?v=LiE1VgWdcQM
[12:04] <+jbuch> I like to reminisce with people I don't know.
[12:04] <+rickf> (a classic)
[12:06] <+jbuch> one good trend pays for em all
[12:06] <+rickf> love it
[12:06] <+jbuch> lol
[12:07] <+rickf> catchy and very good lessons
[12:07] <+TraderG> I almost had a psychic girlfriend but she left me before we met.
[12:08] <+jbuch> ya on both
[12:09] <+jbuch> I might make listening to this my pre market ritual. :))
[12:09] <+rickf> hehe
[12:09] <+rickf> i do during the chop times
[12:09] <+rickf> sing it aloud while watching the candles, staying safe ;)
[12:11] <+TraderG> .
[12:11] <+TraderG> If everything seems to be going well, you have obviously overlooked
[12:11] <+TraderG> something.
[12:11] <+TraderG> .
[12:11] <+jbuch> i like
[12:12] <+TraderG> Support bacteria - they're the only culture some people have.
[12:13] <+jbuch> I intend to live forever. So far, so good.
[12:13] <+TraderG> hahahahahahahaha]
[12:14] <+jbuch> :))
[12:14] <+TraderG> no lunch $ 2day :(
[12:14] <+TraderG> but no need 4 a 2nd mtg either :)
[12:15] <+jbuch> what about those mcdonald ketchup packets that u stole
[12:15] <+TraderG> need a bun to put them on
[12:16] <+TraderG> i think i c 1 walking in the street :)
[12:16] <+jbuch> ur just not hungry enough yet
[12:16] <+TraderG> eating nuts and almonds
[12:17] <+jbuch> in america we think that almonds are also nuts.
[12:17] <+TraderG> is Canada in America?
[12:17] <+jbuch> pretty much
[12:18] <+TraderG> who is pretty?
[12:18] <+jbuch> ur like the red headed step child.
[12:18] <+TraderG> we r mostly white.......
[12:18] <+TraderG> SNOW WHITE
[12:19] <+TraderG> r we the only silly people in the room?
[12:19] <+rickf> sorry - i am watching jeff dunham skits on youtube
[12:19] <jigglyhippo> lol
[12:20] <+jigglyhippo> im watching http://www.hulu.com/watch/72434/saturda ... otherlover
[12:20] <+rickf> i hate these creeper days :(
[12:20] <+TraderG> he is funny
[12:21] <+rickf> indeed
[12:22] <+rickf> quite talented
[12:25] <+jbuch> COUPLE OF JERSEY BOYS
[12:29] <+jbuch> Long SPY @ 89.61
[12:32] <+jigglyhippo> Shorts ES @ 893.50
[12:34] <+TraderG> http://www.youtube.com/watch?v=cMNCloWk ... re=related
[12:34] <+TraderG> hahahaha huhuhuhuhuhu hihihihihihihi
[12:34] <+rickf> as i said, he's great
[12:35] <+jbuch> Exited all SPY Long @ 89.79 --> + 0.18
[12:36] <+TraderG> Steven Wright is funny 2
[12:37] <+TraderG> When everything is coming your way, you're in the wrong lane.
[12:38] <+rickf> that's a good trading saying actually
[12:38] <+rickf> when everyone....EVERYONE is doing the same thing, it's time to exit the trade
[12:38] <+rickf> hehe
[12:41] <+jigglyhippo> Covered ES @ 892.50 --> + 1.00
[12:41] <+jbuch> NICE SHORT JIGGLY HIPPO
[12:41] <+jbuch> oops on the caps
[12:42] <+jigglyhippo> thanks
[12:42] <+jigglyhippo> i think it still drops a bit but i got scared and got out
[12:42] <+rickf> prolyl smart - trend is still upwards
[12:43] <+jigglyhippo> yup
[12:45] <+jbuch> a lot of people dumped on that move down
[12:45] <+jigglyhippo> would have loved to drop at 891.75
[12:45] <+TraderG> they must have eaten something bad
[12:46] <+jbuch> :)))
[12:46] <+TraderG> Everyone has a photographic memory. Some just don't have film.
[12:47] <+codehead> nice vegas went off szu
[12:47] <+codehead> on 3 min
[12:47] <+codehead> hm, no szu today
[12:47] <+jbuch> szu has left the house
[12:48] <+TraderG> Dancing is a perpendicular expression of a horizontal desire.
[12:52] <+codehead> lol
[12:53] <+codehead> so... top in? 895.5, possibly 898.25 if not
[12:54] <+jbuch> Long SPY @ 89.69
[12:56] <+codehead> short 2c ES 893.00 <paper>
[12:56] <+jbuch> Exited all SPY Long @ 89.78 --> + 0.09
[12:56] <+jbuch> lucky lucky
[12:56] <+jbuch> actually got in at 89.68
[12:59] <+codehead> exit 1c ES +1.25 <paper>
[13:01] <+TraderG> Boycott shampoo! Demand the REAL poo!
[13:02] <+codehead> exit remainder +1.50 <paper>
[13:02] <+codehead> lol
[13:02] <+codehead> shamwow
[13:02] <+TraderG> thank u thank u thank u
[13:06] * NihabaAshi_away is now known as NihabaAshi
[13:07] <@NihabaAshi> Another contracting volatility...well...at least it's above the prior quicksand price action.
[13:08] <@NihabaAshi> Also, looks like the price pullbacks that's contracting in volatility is also HIGHER LOWS via comparing one pullback to the prior pullback
[13:09] <MK> Long ES @ 891.75 «« paper »»
[13:18] <+jigglyhippo> damn cant get scared next time
[13:19] <+jigglyhippo> pretty good swing
[13:19] <+jbuch> man I say that to myself at least 20 times a day.
[13:19] <+jbuch> :))
[13:20] <+jigglyhippo> it takes such strict discipline its crazy
[13:20] <+jigglyhippo> i feel like i say that to myself all the time too
[13:20] <+jbuch> ya it really does
[13:21] <+MK> Long ES @ 889.5 -> Add «« paper »»
[13:21] <+jbuch> picking em is fairly easy it is the manging once in that is hard IMHO
[13:21] <@NihabaAshi> weak support area
[13:24] <+jbuch> Long SPY @ 89.41
[13:24] <+jbuch> Exited all SPY Long @ 89.39 --> - 0.02
[13:26] <@NihabaAshi> If it's going to counter-thrust back up...it needs to do it here.
[13:26] <@NihabaAshi> If not...it's going further south by a few more points.
[13:28] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[13:41] <+jbuch> Shorts SPY @ 89.58
[13:41] <@NihabaAshi> got a storm outside coming in...be back later...gotta tie down some stuff.
[13:41] * NihabaAshi is now known as NihabaAshi_away
[13:45] <+rickf> ok i need to head out for a while .... back in a bit
[13:48] <+jbuch> Covered all SPY Short @ 89.51 --> + 0.07
[13:52] <+jbuch> shoulda reversed
[13:52] <+jbuch> shoulda woulda coulda
[14:03] <+jbuch> Long SPY @ 89.6
[14:06] <+jbuch> trade error but will try and hang with a breakeven stop
[14:08] <+MK> Exited all ES Long @ 892 --> + 2.75 «« paper »»
[14:10] <+jbuch> Exited all SPY Long @ 89.69 --> + 0.09
[14:13] <+codehead> 894.50 is 2.00 extension of opening range
[14:14] <+codehead> 895.50 is a significant .500 fib retracement
[14:14] <+codehead> see if we dbl top in that area
[14:16] * NihabaAshi_away is now known as NihabaAshi
[14:18] <+codehead> short 2c ES 893.25 <paper>
[14:20] <+codehead> 1 pt stop
[14:20] <+codehead> looks like a stop run try
[14:22] <+codehead> stop hit
[14:22] <+codehead> loks suspicious tho
[14:22] <+jbuch> high oy yesterdayjust a little bit higher on spy and es
[14:22] <+codehead> short 1c ES 894.25 <paper>
[14:22] <@NihabaAshi> ES needs to get above 895.50 or else it's in trouble
[14:22] <+codehead> 895.50 is .500, significant
[14:24] <+codehead> add 1c ES short 894.5 <paper>
[14:31] <+codehead> exit +1.00 on 1c from 894.25 <paper>
[14:31] <+codehead> holding remainder from 894.50 <paper>
[14:34] <+codehead> add 1c 894.25 short <paper>
[14:34] <@NihabaAshi> Long ES @ 894.00 -> small size
[14:34] <@NihabaAshi> 3 only
[14:35] <+codehead> ossible this runs till top of hour
[14:37] <+codehead> stop 896
[14:38] <@NihabaAshi> Exited 2/3 ES Long @ 895.25 --> + 1.25
[14:39] <@NihabaAshi> trailing stop @ profit for remainder
[14:39] <+MK> Long ES @ 896 «« paper »»
[14:40] <+codehead> hard stop at 896.25, but looked for exit
[14:40] <+codehead> hit
[14:40] <@NihabaAshi> Exited Remainder ES Long @ 896.00 --> + 2
[14:40] <+codehead> -1.75, -2
[14:41] <+codehead> short 2c ES 896.25 <paper>
[14:42] <+codehead> last try
[14:44] <+jbuch> Shorts SPY @ 90.1
[14:46] <+jbuch> Covered all SPY Short @ 90 --> + 0.1
[14:47] <+jbuch> wimped out
[14:48] <+codehead> exit 1c +1.50 <paper>
[14:49] <@NihabaAshi> ES needs to drop a little more to setup a nice support level for counter-thrusting back upwards to new intraday highs
[14:53] <+jbuch> lots of vol at these reversals
[14:56] <+codehead> exit remainder +2.50 ES <paper>
[15:00] <@NihabaAshi> Long ES @ 895.25 -> small size
[15:00] <@NihabaAshi> 1 only
[15:00] <+codehead> short 1c 895.25 <paper>
[15:01] <@NihabaAshi> I got everything on my side for a few ticks on this trade...so far...nothing :(
[15:02] <+jbuch> getting intermitant data from trade station ;((
[15:06] <@NihabaAshi> Exited ES Long @ 894.00 --> - 1.25
[15:06] <@NihabaAshi> Reverse and Enter Short ES @ 894.00
[15:06] <+codehead> exit 1c ES +2.00 <paper>
[15:06] <+codehead> top likely in
[15:07] <@NihabaAshi> should'uv added a contracted because there was increasing volatility
[15:07] <+jbuch> ya lots of folk holding the bag up there
[15:07] <@NihabaAshi> support trying to develop
[15:08] <+jbuch> but the bulls do seem tenacious
[15:08] <@NihabaAshi> Covered ES Short @ 893.75 --> + 0.25
[15:09] <+jbuch> Long SPY @ 89.82
[15:10] <+jbuch> Exited all SPY Long @ 89.81 --> - 0.01
[15:10] <@NihabaAshi> Shorts ES @ 893.00 -> small size
[15:11] <@NihabaAshi> 2 only
[15:11] <@NihabaAshi> intuition
[15:12] <+jbuch> yesterdays open
[15:13] <@NihabaAshi> volatility declining :(
[15:13] <+Nesi> i see picking up a bit now..imho
[15:13] <@NihabaAshi> Covered all ES Short @ 893.00 --> 0
[15:14] <+jbuch> Long SPY @ 89.77
[15:15] <+Nesi> 885 888 probably next area..IMHO
[15:16] <+jbuch> Exited all SPY Long @ 89.73 --> - 0.04
[15:17] <+jigglyhippo> Long ES @ 892.25
[15:18] <+jigglyhippo> Exited ES Long @ 893.50 --> +1.25
[15:19] <+jigglyhippo> ugh should have held again
[15:19] <+jigglyhippo> jbuch - cant get scared lol
[15:20] <@NihabaAshi> be back later
[15:20] <+jbuch> ya easier said than done :))
[15:22] <+rickf> back
[15:22] <+rickf> and missed nothing
[15:22] <+rickf> lol
[15:22] <+jigglyhippo> lol
[15:26] <+codehead> financials at highs
[15:26] <+codehead> still strong
[15:27] <+MK> Long ES @ 894.5 -> Add «« paper »»
[15:32] <+jigglyhippo> Long ES @ 891.25
[15:33] <+MK> Long ES @ 890.75 -> Add «« paper »»
[15:34] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[15:35] <+jigglyhippo> Exited ES Long @ 890.50 --> - 0.75
[15:36] <+Nesi> more pressure in the making..imo
[15:37] <+Nesi> 880 885 next area...IMHO
[15:41] <+MK> Long ES @ 889.75 -> Add «« paper »»
[15:42] <+jigglyhippo> mk whats your cost avg now?
[15:44] <+MK> 13 lots at -2
[15:44] <+jigglyhippo> nice
[15:47] <+TraderG> A conclusion is the place where you got tired of thinking.
[15:49] <+TraderG> Experience is something you don't get until just after you need it.
[15:52] <+rickf> yeah wonder what's up with that
[15:52] <+rickf> done that a few times this week
[15:52] <+jbuch> any idea what that means
[15:53] <+TraderG> i can explain if he wants :)
[15:54] <+jbuch> ahh gotcha rick
[15:56] <+rickf> but there's tons of action all over the boards
[[15:57] <+TraderG> The severity of the itch is proportional to the reach.
[15:58] <+TraderG> the following is applicable to trading (4 a change)
[15:58] <+TraderG> To steal ideas from one person is plagiarism; to steal from many is
[15:58] <+TraderG> research.
[15:58] <+rickf> or whatever they call, we collectively take the opposite side of the grade
[15:58] <+rickf> trade
[15:59] * Retrieving #futurestrades modes...
[15:59] <+rickf> short es 890.50
[16:00] <@NihabaAshi> Long ES @ 889.25 -> small size
[16:00] <+rickf> out 88.75 +.75
[16:00] <@NihabaAshi> 1 only
[16:00] <+rickf> sheesh forgot it was 4 pm already
[16:00] <+rickf> busy day
[16:00] <@NihabaAshi> intuition
[16:01] <+jbuch> thought u were getting a little crazy there rick :))
[16:01] <+rickf> it was an unplanned trade - sort of like yeah that looks right
[16:01] <+rickf> stupid on my part
[16:02] <+jbuch> Long SPY @ 89.46
[16:02] <@NihabaAshi> Exited ES Long @ 890.50 --> + 1.25
[16:03] <+TraderG> Change is inevitable....except from vending machines.
[16:03] <+TraderG> if someone does not want me 2 post the funnies, just let me know...I will not b offended
[16:04] <+jigglyhippo> did anyone check out the hulu link i posted earlier?
[16:04] <+TraderG> i missed that
[16:05] <+jigglyhippo> http://www.hulu.com/watch/72434/saturda ... otherlover
[16:05] <+jbuch> Exited all SPY Long @ 89.44 --> - 0.02
[16:05] <+jigglyhippo> for people in canada, i dont think canadians have access to hulu...
[16:05] <+TraderG> u r right
[16:06] <+TraderG> WHY DO YOU HATE US SO MUCH
[16:06] <+jigglyhippo> are you in canada?
[16:06] <+jigglyhippo> lol
[16:06] <+jbuch> man
[16:06] <+TraderG> :)
[16:06] <+TraderG> yes
[16:06] <+TraderG> can't get in
[16:06] <+TraderG> that reminds me something else :)
[16:07] <+jbuch> i was gonna write something witty but to tired
[16:07] <+TraderG> Just in case someone is wondering the quotes are of Steven Wright. Not mine
[16:07] <+jbuch> went to erase and hit send instead
[16:08] <+TraderG> Canadians are not that funny
[16:08] <+TraderG> just peaceful people
[16:08] <+TraderG> frogot the bear drinking but i don't drink
[16:09] <+jbuch> as in bear piss???
[16:09] <+jigglyhippo> lol
[16:09] <+jigglyhippo> thats what you guys do up there??
[16:09] <+TraderG> BEER BEER BEER BEER BEER BEER BEER BEER BEER BEER BEER
[16:10] <+jbuch> ohhhh
[16:10] <+TraderG> i am drunk just looking at the word
[16:10] <+TraderG> jbuch i will send a flock of Penguines after you.....
[16:11] <+TraderG> If you think nobody cares about you, try missing a couple of payments.
[16:22] <@NihabaAshi> I'm expecting a big GAP day tomorrow.
[16:22] <@NihabaAshi> Take care every body and see all tomorrow
[16:23] <+jigglyhippo> take care wrbtrader
[16:24] <+jigglyhippo> later guys
[16:27] * NihabaAshi is now known as NihabaAshi_away

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