Session Start: Wed Jan 21 09:24:00 2009
Session Ident: #futurestrades
[09:24] * Now talking in #futurestrades
[09:24] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:24] <jbuch1>
all
[09:27] <kosmipt>
[09:29] <@NihabaAshi> Good morning all
[09:29] <drt>
[09:30] <werner>
[09:30] <+kosmipt> Shorts ES @ 816,25 «« simulator »»
[09:34] <TraderG>
every 1
[09:40] <szubaark> Shorts ES @ 812.75 «« paper »»
[09:41] <@NihabaAshi> Shorts ES @ 813.75 -> small size
[09:41] <@NihabaAshi> 3 only
[09:44] <+szubaark> Covered all Short ES at 811.75 --> + 1 «« paper »»
[09:45] <@NihabaAshi> Covered all ES Short @ 811.50 --> + 2.25
[09:51] <+codehead> YM bounced at .382 fib within a tick, regular session chart
[09:52] <+kosmipt> Covered all ES Short @ 815,50 --> + 816,25 - 815,50 «« simulator »»
[09:52] <+kosmipt> +0.75 sim
[09:53] <+codehead> short YM small 8023 <paper>
[09:54] <+codehead> exit YM 8031 <paper> -8
[09:55] <+kosmipt> Shorts ES @ 818.50 «« simulator »»
[09:55] <+codehead> short YM small 8036 <paper>
[09:55] <+codehead> 15 tick stop
[09:56] <+codehead> lower stop to 8042 <paper>
[09:57] <+codehead> exit YM +8 <paper>
[09:57] <+codehead> short 1c YM 8030 <paper>
[09:57] <+codehead> stop 8042
[09:58] <+codehead> stopped -12 1c <paper>
[10:01] <+jbuch1> Shorts ES @ 817.75 «« simulator »»
[10:06] <+jbuch1> Covered all ES Short @ 820.25 --> - 2.5 «« simulator »»
[10:08] <+jbuch1> Shorts ES @ 817 «« simulator »»
[10:08] <+werner> Long NQ @ 1157.00
[10:09] <+werner> Exited all NQ Long @ 1157.75 --> + 0.75
[10:09] <+kosmipt> Covered all ES Short @ 815.25 --> + 3.25 «« simulator »»
[10:10] <+werner> Long NQ @ 1157.00
[10:10] <+codehead> did a real short 8046 YM, stopped out flat when it did that pop to new high, then it took a pretty decent pb
[10:10] <+werner> Exited all NQ Long @ 1159.00 --> + 2
[10:11] <+codehead> i see just under 8k as a possible long
[10:11] <+werner> Shorts NQ @ 1159.00
[10:11] <+werner> Covered all NQ Short @ 1157.00 --> + 2
[10:11] <+werner> thats a 58
[10:11] <+werner> +1
[10:12] <+werner> to fast to post
[10:12] <+kosmipt> Shorts ES @ 815.50 «« simulator »»
[10:14] <+codehead> long small YM 8001
[10:14] <+codehead> <paper>
[10:14] <+codehead> exit half +12 <paper>
[10:14] <+codehead> raise stop remainder to 8009
[10:14] <+codehead> raise stop remainder to 8014
[10:15] <+codehead> stopped +13 remainder <paper>
[10:16] <+codehead> had wave target 7998 to expect bounce, but YM like the hundreds so buy was at 8001
[10:18] <+jbuch1> Covered all ES Short @ 814 --> + 3 «« simulator »»
[10:23] <@NihabaAshi> Long ES @ 817.50 -> small size
[10:23] <@NihabaAshi> chasing
[10:23] <@NihabaAshi> entry signal @ 815.50
[10:24] <@NihabaAshi> will use it as my initial stop now that I'm 2 points above it
[10:26] <+szubaark> Buys ES @ 819 «« paper »»
[10:26] <+codehead> 822.75 wave target on ES
[10:27] <@NihabaAshi> Exited all ES Long @ 818.50 --> + 1
[10:27] <+codehead> 8090 wave target on YM
[10:28] <+szubaark> Exited all Long ES at 817 --> - 2 «« paper »»
[10:28] <+szubaark> Shorts ES @ 816.75 «« paper »»
[10:28] <+szubaark> Easy reversal
[10:28] <+codehead> i see 7987-7989 pullback target on YM
[10:29] <+szubaark> Covered all Short ES at 814 --> + 2.75 «« paper »»
[10:29] <+szubaark> Volatility still Increasing
[10:31] <+codehead> got within 4 ticks of .382 pb on YM...
[10:32] <+codehead> hit
[10:32] <+szubaark> Shorts ES @ 812.50 «« paper »»
[10:32] <+codehead> long small YM 7989 <paper>
[10:33] <+szubaark> Covered all Short ES at 811.50 --> + 1 «« paper »»
[10:33] <+codehead> actually tried ot exit +8 but couldn't type fast enough--lol
[10:34] <+codehead> exit +2 <paper> YM
[10:35] <+codehead> 7956 a possible target
[10:35] <+codehead> 7967 first
[10:35] <+kosmipt> Covered all ES Short @ 812 --> + 3.5 «« simulator »»
[10:35] <+codehead> 7944 last
[10:37] <+codehead> 7967 is .500, got within 2 ticks
[10:38] <@NihabaAshi> Shorts ES @ 810.00 -> small size
[10:38] <@NihabaAshi> intuition
[10:39] <@NihabaAshi> rising volatility near this support area
[10:42] <@NihabaAshi> Covered all ES Short @ 808.75 --> + 1.25
[10:42] <+codehead> long 1c 7956 YM <paper>
[10:42] <@NihabaAshi> Be back later around 2pm est
[10:42] * NihabaAshi is now known as NihabaAshi_away
[10:46] <+codehead> exit YM +15 <paper>
[10:46] <+codehead> was +16
[10:46] <+codehead> 7975 was my target, and it was touched
[10:46] <+codehead> previous bar high, conservative
[10:55] <+jbuch1> man three shorts and I didn't catch the on that worked
[10:56] <+kosmipt> c
[11:12] <+codehead> i shorted 8046 and 8043 :-/
[11:12] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[11:12] <+codehead> 8046 was right before the hod spike, i got 0 ticks
[11:13] <+codehead> other i got 7 ticks as it did that last push to 8049 , then dumped 8 straight 5 min bars
[11:14] <+codehead> i intended to go long at dow gap close, but @#$%@ jumped the gun and got out with by butt and a couple of ticks
[11:15] <+codehead> that one was lack of patience, typing to friend i don't want to enter till 7900, then clicking in at 7923
[11:15] <+codehead> long 1c 7904 <paper>
[11:18] <+codehead> exit YM +15 <paper>
[12:29] <+szubaark> we in that 11-3 pm Tight Range Zone again..tough to even scalp for Ticks without getting Burned Fast.
[13:00] <+jbuch1> pivoting on yesterdays close
[13:08] <+codehead> Ym got within 2 ticks of 1.272 extension
[13:09] <+codehead> which is a first target for bulls on the short term charts
[13:15] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[13:31] <+werner> Shorts NQ @ 1147.50
[13:33] <+szubaark> its just coiling up tighter and tighter and like a spring... no real breakout after some brutal fakeouts most likely
[13:34] * szubaark is now known as szubaark_Away
[13:34] <+werner> Shorts NQ @ 1151.25 -> Add
[13:35] <+werner> Covered all NQ Short @ 1152.00 --> - 5.25
[13:35] <+werner> aiai
[13:36] <+szubaark_Away> sneaky bugger
[13:36] <+werner>
[13:53] <+werner> Shorts NQ @ 1155.00
[13:59] <+werner> Covered all NQ Short @ 1156.00 --> - 1
[14:00] <+werner> Shorts NQ @ 1157.50
[14:02] <+werner> Covered all NQ Short @ 1156.50 --> + 1
[14:02] <+werner> Shorts NQ @ 1156.00
[14:03] <+werner> Covered all NQ Short @ 1155.00 --> + 1
[14:05] <+werner> Shorts NQ @ 1154.75
[14:05] <+werner> Covered all NQ Short @ 1153.75 --> + 1
[14:06] <+jbuch1> Long ES @ 816 «« simulator »»
[14:08] <+werner> Shorts NQ @ 1153.00
[14:09] <+werner> Covered all NQ Short @ 1152.25 --> + 0.75
[14:09] <+jbuch1> Long ES @ 815.25 -> Add «« simulator »»
[14:11] <+werner> Shorts NQ @ 1155.25
[14:11] * NihabaAshi_away is now known as NihabaAshi
[14:12] <+jbuch1> Exited 1/2 ES Long @ 816.75 --> + 1.5 «« simulator »»
[14:13] <+jbuch1> Exited 1/4 ES Long @ 818 --> + 2 «« simulator »»
[14:17] <winmax60> Shorts NQ @ 1155.25 -> small size «« simulator »»
[14:19] <+winmax60> Covered all NQ Short @ 1156. --> - 0.75 «« simulator »»
[14:19] <+werner> Covered all NQ Short @ 1157.50 --> - 2.25
[14:20] <+werner> Shorts NQ @ 1157.50
[14:20] <+winmax60> Long NQ @ 1157.50 -> small size «« simulator »»
[14:20] <+jbuch1> Exited Remainder ES Long @ 819 --> + 3 «« simulator »»
[14:21] <+werner> Covered all NQ Short @ 1158.50 --> - 1
[14:21] <+werner> pffff
[14:21] <+jbuch1> and there she goes
[14:22] <+winmax60> Exited all NQ Long @ 1157.5 --> 0 «« simulator »»
[14:22] <+werner> Shorts NQ @ 1157.50
[14:25] <+werner> Covered all NQ Short @ 1155.50 --> + 2
[14:26] <+werner> Shorts NQ @ 1157.50
[14:27] <+werner> Covered all NQ Short @ 1155.75 --> + 1.75
[14:28] <+winmax60> Long NQ @ 1157.5 -> small size «« simulator »»
[14:29] <+werner> Shorts NQ @ 1157.75
[14:30] <+werner> Covered all NQ Short @ 1157.00 --> + 0.75
[14:32] <+winmax60> Exited all NQ Long @ 1159.75 --> + 2.25 «« simulator »»
[14:41] <+werner> Shorts NQ @ 1163.00
[14:42] <+werner> Covered all NQ Short @ 1162.00 --> + 1
[14:45] <+codehead> ES hit a major wave symmetry target on the button at hod
[14:45] <+codehead> 824.50
[14:45] <+codehead> Ym got within 3 ticks of its correspdonding target
[14:46] <+werner> Shorts NQ @ 1161.00
[14:46] <+werner> Shorts NQ @ 1162.50 -> Add
[14:48] <+codehead> broke the wave symmetry targets by 1 tick, YM and ES
[14:48] <+codehead> and quick pb
[14:50] <+werner> exit stop set NQ @ 1165.00
[14:56] <@NihabaAshi> Long ES @ 824.25 -> small size
[14:56] <@NihabaAshi> 3 only
[14:57] <+werner> Covered all NQ Short @ 1165.00 --> - 6.5
[14:57] <+werner> done here
(
[14:58] <+werner> stupit to fight
[14:58] <@NihabaAshi> Exited all ES Long @ 825.25 --> + 1
[15:00] <+jbuch1> ya I keep telling meyself the same thing werner
[15:01] <+werner>
[15:01] <+werner> emotion
[15:02] <+jbuch1> for some reason if I am not in a trade that is going well I want to do the opposite.
[15:03] <+jbuch1> I've recognized it and am working hard not to act upon it but I don't understand it
[15:03] <+werner> maybe wrbtrader can explane this?
[15:05] <@NihabaAshi> [15:02] <+jbuch1> for some reason if I am not in a trade that is going well I want to do the opposite.
[15:05] <@NihabaAshi> Psychology of Trading stuff...
[15:05] <@NihabaAshi> Many reasons depending upon the trader's personal trading experience.
[15:07] <@NihabaAshi> Someone I recently talked said his reason was that he feels "ashamed" he missed a good price movement and then assumes (guesses) that if he jumps on the trade in the same direction that it will suddenly reverse and cause a loss...
[15:07] <@NihabaAshi> That sets him up into guessing that it's going to "reverse soon".
[15:07] <@NihabaAshi> Therefore, he trades it but in the opposite direction.
[15:08] <@NihabaAshi> Simply, a discipline problems not a trade strategy problem.
[15:08] <@NihabaAshi> I have "discipline problems" every trading day...
[15:09] <+werner> yes indd wrbtrader
[15:09] <@NihabaAshi> I'm lucky that I have enough experience to quickly notice it and get rid of it in time for a few good trades.
[15:10] <@NihabaAshi> Currently, I have a discipline problme in the mid-day trading session...
[15:10] <@NihabaAshi> I've now gotten rid of trading in the mid-day until I get my discipline back.
[15:11] <@NihabaAshi> Not having the opportunity to trade in the mid-day forces me to be more focus on my first hour of trading because I now I won't get another chance to get it right until around 2pm est when I return to trading.
[15:11] <+szubaark_Away> Good Stuff.
[15:12] <@NihabaAshi> In the past, many years ago, when I had that mid-day discipline problem...
[15:12] <@NihabaAshi> I would simulator trade only in the mid-day.
[15:12] <@NihabaAshi> However, I quickly notice it didn't help much.
[15:13] <@NihabaAshi> Thus, I found out just leaving the computer (go do something else personal like cut the grass) during the mid-day was much better for my overall trading of the day.
[15:13] <@NihabaAshi> During the summer, I do a lot of landscape work with the spouse
[15:13] <@NihabaAshi> Mostly during the mid-day trading session.
[15:14] <@NihabaAshi> Play with the kids too.
[15:14] <@NihabaAshi>
[15:14] <@NihabaAshi> Trading days when I ignore that problem...it's a tough trading day for me.
[15:15] <+drt> l ym 20
[15:15] <+werner> thnx wrbtrader
[15:18] <+drt> stp 10
[15:18] <+jbuch1> you get to relax hang out with the family and it improves your trading thats what I call a WIN WIN:)
[15:18] <@NihabaAshi> Yep
[15:18] <+werner> but its winter here and its a littel bit weird to ride the mower in this season... lol
[15:19] <@NihabaAshi> Snow removal
[15:19] <+werner>
[15:20] <@NihabaAshi> winter's here are big
[15:20] <+werner> not here
[15:21] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[15:23] <+jbuch1> whens the sun go down up in the northlands
[15:23] <+werner> Shorts NQ @ 1171.00
[15:24] <+werner> Covered all NQ Short @ 1170.00 --> + 1
[15:44] <+werner> Shorts NQ @ 1173.75
[15:45] <+werner> Covered all NQ Short @ 1175.75 --> - 2
[15:49] <+werner> Shorts NQ @ 1177.50
[15:50] <+werner> last one
[15:51] <+werner> Covered all NQ Short @ 1180.50 --> - 3
[15:52] <+werner> gn all
(
[17:24] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[18:00] <@NihabaAshi> Take care and see all tomorrow
[18:00] * NihabaAshi is now known as NihabaAshi_away
Session Close: Wed Jan 21 18:05:13 2009
