Login    Forum    Search    FAQ



Post new topic Reply to topic Bookmark and Share  [ 1 post ] 
Author Message
 Post subject: May 18th Monday 2009
 Post Posted: Mon May 18, 2009 3:23 pm 
Offline
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2522
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.

Our primary job in the chat room is to moderate the room (keep the peace) and to ensure it's a spam free chat room. More information about #FuturesTrades @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm

In contrast, our fee-base clients are discussing market analysis or trade signals via concepts from our strategies in the private chat rooms called #VolatilityTradingTSL or #SwingTradingTSL.


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

Session Start: Mon May 18 08:59:50 2009
Session Ident: #futurestrades
[08:59] * Now talking in #futurestrades
[08:59] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:12] <Nesi> hi all
[09:29] <drt> gm everyone
[09:32] <jbuch> gm all
[09:32] <jigglyhippo> gm all
[09:35] <@NihabaAshi> Shorts ES @ 891.75 -> medium size
[09:36] <@NihabaAshi> 4 only
[09:36] <@NihabaAshi> early entry on that signal before it was confirmed
[09:36] <@NihabaAshi> Thus, intuition trade
[09:36] <@NihabaAshi> confirmed @ 891.50
[09:38] <@NihabaAshi> Covered all ES Short @ 892.75 --> - 1
[09:40] <@NihabaAshi> Shorts ES @ 891.25 -> medium size
[09:40] <@NihabaAshi> 4 only
[09:42] <@NihabaAshi> Shorts ES @ 890.75 -> Add
[09:42] <@NihabaAshi> 2 added
[09:44] <@NihabaAshi> oh oh
[09:45] <@NihabaAshi> Covered ES Short @ 892.50 --> - 1.25
[09:45] <@NihabaAshi> Reverse and Enter Long ES @ 892.50
[09:46] <+jbuch> yo fast and furious to post anything :)
[09:47] <@NihabaAshi> too me it's very slow...too slow and it's encouraging the chop
[09:47] <@NihabaAshi> :(
[09:49] <@NihabaAshi> Exited all ES Long @ 893.00 --> + 2.75 (incorrect)
[09:49] <+jigglyhippo> + 2.75 is that correct wrbtrader?
[09:50] <+jigglyhippo> it says long 892.50 and exited 893.00 isnt that + 0.50?
[09:50] <@NihabaAshi> don't worry about it...it's just the script not being able to tell the difference on the position reversal
[09:50] <+jigglyhippo> ohhh
[09:51] <@NihabaAshi> Long ES @ 893.75 -> medium size
[09:51] <@NihabaAshi> 4 only
[09:52] <@NihabaAshi> The script only does that error after a prior "add" that was at a loss.
[09:53] <+jigglyhippo> oh didnt know that...i thought it was the script miscalculating though
[09:53] <@NihabaAshi> It is a script error = miscalculation
[09:53] <+jbuch> Shorts SPY @ 89.84
[09:53] <@NihabaAshi> It thinks I added to the Long when I didn't
[09:54] <+jigglyhippo> ahh got it, thanks for clearing it up
[09:54] <@NihabaAshi> Exited all ES Long @ 892.75 --> - 1
[09:55] <@NihabaAshi> right back to 891.50
[09:55] <+jbuch> Covered all SPY Short @ 89.64 --> + 0.2
[09:55] <silo> hey sharp
[09:56] <@NihabaAshi> Shorts ES @ 892.00 -> medium size
[09:57] <@NihabaAshi> 4 only
[09:57] <@NihabaAshi> another shallow profit target reached :(
[09:58] <@NihabaAshi> got a loss on an earlier trade when I didn't take the shallow profit
[09:59] <+jbuch> Long SPY @ 89.6
[10:00] <@NihabaAshi> Covered all ES Short @ 891.50 --> + 0.5
[10:00] <@NihabaAshi> Shorts ES @ 891.50 -> medium size
[10:01] <@NihabaAshi> intuition in reaction to the prior trade signal
[10:01] <+jbuch> Exited SPY Long @ 89.62 --> + 0.02
[10:02] <@NihabaAshi> profit target still not reached
[10:02] <@NihabaAshi> at least it's not a shallow target developing
[10:02] <+jbuch> Exited all SPY Long @ 89.51 --> - 0.09
[10:03] <+jbuch> need to get some coffee brb
[10:05] <@NihabaAshi> weak support area
[10:05] <@NihabaAshi> trailing stop @ profit
[10:06] <@NihabaAshi> Covered all ES Short @ 891.00 --> + 0.5
[10:07] <@NihabaAshi> Long ES @ 891.00 -> medium size
[10:07] <@NihabaAshi> 4 only
[10:08] <rickf> ted
[10:08] <+rickf> gm
[10:10] <@NihabaAshi> Exited all ES Long @ 890.75 --> - 0.25
[10:11] <+rickf> fyi am not trading today; have had 4 hrs sleep in 2 days thx to idling train across the street
[10:11] <+rickf> so lurking and tape reading only
[10:11] <+jigglyhippo> wow that sucks
[10:12] <@NihabaAshi> Shorts ES @ 890.50 -> medium size
[10:12] <@NihabaAshi> 4 only
[10:14] <@NihabaAshi> Covered all ES Short @ 890.00 --> + 0.5
[10:15] <@NihabaAshi> chop making it difficult to stay in a trade
[10:16] <@NihabaAshi> Long ES @ 891.00 -> medium size
[10:16] <@NihabaAshi> 4 only
[10:18] <@NihabaAshi> best entry of the day so far but not rewarding as expected...slow in its development
[10:20] <+jbuch> Long SPY @ 89.68
[10:21] <@NihabaAshi> trailing stop @ profit
[10:22] <+jbuch> Exited all SPY Long @ 89.78 --> + 0.1
[10:23] <+jbuch> din't trust it
[10:23] <winmax60> Long ES @ 893.25 -> small size «« simulator »»
[10:24] <@NihabaAshi> Exited all ES Long @ 894.25 --> + 3.25
[10:24] <+jbuch> nice wrbtrader
[10:24] <@NihabaAshi> Yeah...it was a battle so far.
[10:24] <+jbuch> hard to get that much in this chop
[10:24] <@NihabaAshi> 3rd trade of the day where I've reached a profit target
[10:25] <@NihabaAshi> However, one of those 3 trades resulted in a loss via me allowing a profit to turn into a loss :(
[10:25] <@NihabaAshi> target on the loser was 1 point and then I let it retrace to take me out for a loss :(
[10:25] <@NihabaAshi> got greedy and thought I could get more
[10:27] <+jbuch> there might be some short covering above the last 2 days highs if we make it there
[10:27] <@NihabaAshi> be right back...got to end some distractions here at home.
[10:27] * NihabaAshi is now known as NihabaAshi_away
[10:29] <+winmax60> Exited all ES Long @ 894 --> + 0.75 «« simulator »»
[10:40] * codehead_afk is now known as codehead
[10:42] <+jbuch> Long SPY @ 89.79
[10:44] <+jbuch> Exited all SPY Long @ 89.89 --> + 0.1
[10:45] <+jbuch> high of friday
[10:48] <@NihabaAshi_away> Be back after lunch...taking a long break here to go for a walk with the family on the St. Lawrence river (looking for shells with the kids and spouse)
[10:49] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[10:50] <+jbuch> + 1400 on the tick
[10:56] <codehead> short ES 897.00 <paper>
[10:56] <+codehead> stop 898.25 <paper>
[10:58] <+jigglyhippo> Long ES @ 897.00
[11:01] <+jigglyhippo> Exited all ES Long @ 897.50 --> + 0.50
[11:08] <+codehead> cover half ES +1.00 <paper>
[11:09] <+codehead> stop b/e on remainder <paper>
[11:11] <+codehead> exit remainder +1.00 <paper>
[11:16] <+jbuch> Long SPY @ 90.08
[11:19] <+jbuch> Exited all SPY Long @ 90.09 --> + 0.01
[11:39] <TraderG> OK, so what's the speed of dark?
[11:43] <+TraderG> Hard work pays off in the future. Laziness pays off now.
[12:07] <+jigglyhippo> anyone trading right now? or just watching?
[12:12] <+jigglyhippo> dolphins in the amazon river are uglyy: http://ngm.nationalgeographic.com/wallp ... 5_1280.jpg
[12:14] <+TraderG> I cannot stop trading . Opportunities all over. I am sweating from the action. :)
[12:18] <+jigglyhippo> wish i could say the same =/
[12:18] <+TraderG> don't feel bad. i was just kidding
[12:19] <+TraderG> there is NOTHING 2 do 2 day.
[12:19] <+TraderG> maybe after lunch or even after 3PM
[12:19] <+jigglyhippo> hahaha okay that makes me feel better
[12:20] <+jigglyhippo> what is "lunch"
[12:20] <+jigglyhippo> 12-1?
[12:20] <+TraderG> about
[12:20] <+TraderG> give or take 15-30 min
[12:21] <+jigglyhippo> so during lunch the volume def. drops?
[12:21] <+TraderG> not always
[12:21] <+TraderG> sometimes lunch time have violent moves on low volume and it can kill your account.
[12:22] <+jigglyhippo> hate big moves on abnormal volume
[12:22] <+TraderG> i am still learning
[12:22] <+TraderG> don't take anyones oppinion
[12:22] <+TraderG> anyone's
[12:22] <+TraderG> form your own
[12:23] <+TraderG> or else you will lose
[12:23] <+TraderG> no one knows what the market will do in the next time frame
[12:23] <+TraderG> if you meet someone who tells you he does - run the other way as fast as you can
[12:24] <+TraderG> when I c people saying that THE MARKET SHOULD DO THIS OR THAT I just close the page for a while untill the nonsense is donr with
[12:25] <+jigglyhippo> yeah i def. learned that when trading equities
[12:25] <+TraderG> donr=done
[12:25] <+jigglyhippo> there were some people that did call the mkt well
[12:25] <+jigglyhippo> but they were right maybe 60% of the time
[12:26] <+TraderG> 60% is good but how many points or ticks could you get out of those 60%?
[12:26] <+TraderG> some traders are right less than 50% but they manage to catch and stay in long runs
[12:27] <+TraderG> the EXPECTANCY is what counts. not the accuracy
[12:27] <+jigglyhippo> good point
[12:28] <+TraderG> E(R) = (PW x AW) - (PL x AL)
[12:28] <+TraderG> where;
[12:28] <+TraderG> E(R): Expectancy/ or Expected Return
[12:28] <+TraderG> PW: Probability of winning
[12:28] <+TraderG> AW: Average win
[12:28] <+TraderG> PL: Probability of losing
[12:28] <+TraderG> AL: Average loss
[12:30] <+jigglyhippo> how do you calculate the probability of winning? or losing? is it just an assumption?
[12:30] <Sidhartha> you backtest
[12:31] <+Sidhartha> or log details of every actual trade you make
[12:31] <+jigglyhippo> ahh
[12:32] <+TraderG> I never did it (2 tell u the trueth). I should have.
[12:32] <+jigglyhippo> i feel like when i backtest my strategies are god sent
[12:32] <+TraderG> I think you have to do it from looking at your trading history
[12:33] <+jigglyhippo> but in real time...not so much
[12:33] <+TraderG> put a day's worth of trades or a week's worth into Excel and mine it for data
[12:33] <+TraderG> anything and everything
[12:33] <+TraderG> MAE, MFE, Position size, time of the trade, ATR at the time of the trade.....
[12:34] <+TraderG> there is lots' 2 look at and some of it will be very useful and some not.
[12:34] <+TraderG> just DON'T listen 2 other people.
[12:34] <+jigglyhippo> yeah I should keep better logs of my trades
[12:35] <+TraderG> understand their method but draw your own conclusion
[12:35] <+jigglyhippo> yeah for sure
[12:36] <+TraderG> think about it. If you would be making K's and K's of $ would you waist your time explaining and chating?
[12:36] <+TraderG> Mark is unique in this sense because he does.
[12:36] <+TraderG> I don't know how he has the time and the ability to concentrade on the trades and do a million other things.
[12:37] <+TraderG> waste
[12:37] <+TraderG> not waist
[12:37] <+TraderG> :)
[12:38] <+TraderG> imagine how much your time would be worth per hour......
[12:38] <+jigglyhippo> yeah he also has waay more experience than me
[12:38] <+jigglyhippo> yeah exactly
[12:38] <+TraderG> like I said. he is unique.
[12:38] <+jigglyhippo> i mean its great that he even offers "tutorial" reports and this chatroom
[12:38] <+jigglyhippo> when he doesnt need/have to
[12:41] <+jigglyhippo> hope ES breaks 900
[12:45] <+TraderG> hope will get u in2 trouble
[12:45] <+TraderG> this is a good example of a big move during lunch.
[12:45] <+TraderG> it is not as rare as you might think
[12:46] <+TraderG> but it happened on low volume
[12:46] <+jigglyhippo> yeah
[12:47] <+jigglyhippo> couldnt post the trade in time but got out +1.25
[12:47] <+jigglyhippo> 900 - 901.25
[12:47] <MK> Exited all ES Long @ 898.25 --> + 10.75 «« paper »»
[12:48] <+codehead> nice
[12:48] <+jigglyhippo> MK that was a huge gain, nice!
[12:48] <+MK> held for a while
[12:49] <+MK> trying to sim on higher time frame
[12:52] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[12:53] <+jigglyhippo> which time frame are you using?
[12:54] <+MK> 15, 60, 240 min
[12:54] <+jigglyhippo> cool
[12:54] <+silo> anyone care to recommend a good movie to download?
[12:55] <+jigglyhippo> star trek
[12:58] <+silo> ones i can download :)
[13:02] <+MK> Shorts ES @ 900.25 «« paper »»
[13:04] <+jbuch> silo 'taken 'is pretty good
[13:05] <+silo> yeah i've seen it :)
[13:06] <+jbuch> have u ever seen the proposition
[13:06] <+jbuch> not a porno :))
[13:06] <+jbuch> it is an australian western from a few years back
[13:07] <+silo> think i've heard of the name before
[13:07] <+silo> let me google it
[13:07] <+jbuch> good flick
[13:07] <+silo> A lawman apprehends a notorious outlaw and gives him 9 days to kill his older brother, or else they'll execute his younger brother
[13:07] <+silo> hehe
[13:08] <+jbuch> :))
[13:08] <+jbuch> it is cool breeze
[13:13] <+silo> brb
[13:35] <+jbuch> Long SPY @ 90.39
[13:41] <+jbuch> Exited all SPY Long @ 90.36 --> - 0.03
[13:49] <+jbuch> Shorts SPY @ 90.33
[13:50] <+MK> Covered all ES Short @ 899 --> + 1.25 «« paper »»
[13:52] <+jbuch> Covered all SPY Short @ 90.41 --> - 0.08
[13:55] <+jbuch> it is like watching paint dry
[14:08] <+jbuch> Shorts SPY @ 90.41
[14:14] <+jbuch> opps that was a long
[14:16] <+jbuch> Covered SPY Short @ 90.40 --> + 0.01
[14:16] <+jbuch> Reverse and Enter Long SPY @ 90.40
[14:17] <+jbuch> Exited all SPY Long @ 90.44 --> + 0.04
[14:20] <+jbuch> it is getting crazy
[14:21] <+jbuch> gotta go bbl
[14:44] * NihabaAshi_away is now known as NihabaAshi
[14:55] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[15:07] <@NihabaAshi> Long ES @ 903.25 -> small size
[15:07] <@NihabaAshi> 2 only
[15:13] <@NihabaAshi> Exited ES Long @ 902.25 --> - 1
[15:13] <@NihabaAshi> Reverse and Enter Short ES @ 902.25
[15:16] <@NihabaAshi> Covered all ES Short @ 903.25 --> - 1
[15:17] <@NihabaAshi> a very nice 1 point range I'm stuck in :(
[15:19] <+codehead> 903.75 is a resistance, next is 906.50
[15:29] <@NihabaAshi> volatility increasing
[15:29] <tomosyn57> Shorts SSO @ 25.36
[15:30] <+tomosyn57> exit stop set SSO @ 25.32
[15:31] <@NihabaAshi> Long ES @ 901.50 -> small size
[15:31] <@NihabaAshi> 2 only
[15:31] <+tomosyn57> Trailing Stop Hit SSO @ 25.32 --> + 0.04
[15:33] <@NihabaAshi> trailing stop @ profit
[15:34] <@NihabaAshi> Exited all ES Long @ 902.50 --> + 1
[15:34] <@NihabaAshi> not a profit target exit...a fear exit
[15:36] <@NihabaAshi> 903.35 again
[15:39] <@NihabaAshi> Long ES @ 903.00 -> small size
[15:39] <@NihabaAshi> volatility rising
[15:40] <@NihabaAshi> geeesh
[15:40] <@NihabaAshi> Exited all ES Long @ 903.25 --> + 0.25
[15:41] <@NihabaAshi> volatility flatlined as soon as it hit 904.25
[15:42] <@NihabaAshi> bullish price action still intact as long as it doesn't retrace below 902.50
[15:42] <+jigglyhippo> uh oh just dropped below
[15:44] <@NihabaAshi> Long ES @ 903.25 -> small size
[15:44] <@NihabaAshi> 2 only
[15:45] <@NihabaAshi> intuition
[15:51] <@NihabaAshi> profit target reached @ 905.50
[15:52] <+jigglyhippo> nice trade wrbtrader
[15:52] <+codehead> 12:19 codehead: 903.75 is a resistance, next is 906.50
[15:53] <@NihabaAshi> Exited all ES Long @ 906.25 --> + 3
[15:53] <+jigglyhippo> good call :)
[15:53] <+codehead> 906.50hit, res 906.50-907.25
[15:53] <+codehead> and finally 908.25
[15:53] <+codehead> but this is just a target, scalpable short
[15:54] <@NihabaAshi> When it went below 902.50 (bearish) then hit 901.75 than back up above 902.50...
[15:54] <@NihabaAshi> I went from bearish back to bullish.
[15:55] <+codehead> closed friday gap here
[15:55] <@NihabaAshi> It dropped so fast from 902.50 to 901.75 that I couldn't exploit it via trade signal nor intuition.
[15:55] <@NihabaAshi> Had to cross my finger that it would go back up and signal a Long position re-entry.
[15:55] <+codehead> 908.25 is .618 retracement from ES top to friday low (reg session)
[16:00] <@NihabaAshi> Ding Ding Ding!
[16:00] <@NihabaAshi> regular session close...now for the 15mins of low volatility (fast declining volatility) trading.
[16:01] <+codehead> short 2c ES 908.50 <paper>
[16:02] <+codehead> on touch of 909.25, look for scratch exit
[16:05] <+codehead> exit half ES +.75 <paper>
[16:05] <+codehead> stop on remainder 909.00 <paper>
[16:06] <+codehead> lower stop to 908.25 <paper>
[16:07] <+codehead> stopped remainder +.25 <paper>
[16:21] <@NihabaAshi> Take care all and see all tomorrow
[16:21] * NihabaAshi is now known as NihabaAshi_away

Go Back To TheStrategyLab.com Homepage


Top 
 Profile E-mail  
 
Display posts from previous:  Sort by  
 
Post new topic Reply to topic Bookmark and Share  [ 1 post ] 


Who is online

Users browsing this forum: No registered users and 1 guest

 
 

 
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
cron
Translated by Xaphos © 2007, 2008, 2009 phpBB.fr