Session Start: Fri Feb 27 06:22:04 2009
Session Ident: #FuturesTrades
[06:22] * Now talking in #FuturesTrades
[06:22] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[07:43] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[08:03] <rickf>
[08:20] <+rickf> whoa
[08:21] <+rickf> vol spike from hell --- news at 0830 i though
[08:25] <+rickf> GDP @ 0830
[08:28] <+rickf> short es 35.25 1 ct
[08:31] <+rickf> out 733 +2.25
[08:33] <+rickf> Fourth-Quarter GDP Revised Lower than Expected. Economy Shrinks 6.2% (story developing)
[08:38] <@NihabaAshi> Good morning all...no trading today for me because I'm leaving right now for appointments at two different doctors for my "annual physical".
[08:38] <@NihabaAshi> Have a good trading day and see all on Monday...bye.
[08:39] * NihabaAshi is now known as NihabaAshi_away
[09:03] * codehead_afk is now known as codehead
[09:05] <+rickf> short es 736.25
[09:08] <pat255>
rick u are brave
[09:08] <+rickf>
-- why?
[09:08] <+pat255> but uare right tho ...thot may get a bounce
[09:09] <+rickf> trend is still down - methinks we got the bounce already
[09:09] <+rickf> out 734.75 +1.5
[09:10] * +rickf traded the gdp too - ran 1 ct got 2.25 on that
[09:10] <+rickf> THAT was being brave
[09:10] <+pat255> vn
[09:11] <+rickf> ty
[09:29] <drt>
all
[09:29] <+rickf> short es 735.50 1 ct
[09:36] <szubaark> Buys ES @ 738 «« paper »»
[09:37] <+rickf> short es 737.50 (add)
[09:37] <+rickf> average now 736.50
[09:37] <+szubaark> Exited all Long ES at 734.50 --> - 3.5 «« paper »»
[09:37] <+szubaark> Shorts ES @ 734.25 «« paper »»
[09:38] <+rickf> exit es 734 +2.59
[09:38] <+rickf> 2.50
[09:39] <+pat255> rick nice again
[09:39] <+szubaark> nice
[09:39] <+rickf> ty
[09:45] <+rickf> grr missed a 737 entry
[09:45] <+szubaark> Covered all Short ES at 738 --> - 3.75 «« paper »»
[09:46] <+szubaark>
[09:46] <+rickf> short es 738.50 1ct
[09:46] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[09:47] <+rickf> exit es 737 +1.50
[09:51] <+szubaark> Shorts ES @ 736 «« paper »»
[09:55] <+szubaark> creeper price action
[09:56] <+szubaark> everythings Bearish yet they keep creeping it up
[10:01] <petrpe> Long ES @ 740.25 «« simulator »»
[10:04] <pdays> Shorts ES @ 741.25
[10:04] <+pdays> Covered all ES Short @ 740.25 --> + 1
[10:21] <+szubaark> Covered all Short ES at 744 --> - 8 «« paper »»
[10:21] <+szubaark> Buys ES @ 744 «« paper »»
[10:21] <+szubaark> the overnight selloff throwing me off
[10:23] <+szubaark> my bearish bias is hurting me bad
[10:30] <+codehead> ES hit a key # szu
[10:30] <+codehead> not necessarily bottom, but...
[10:30] <+rickf> ouch
[10:30] <+codehead> basically anywhere down there, if it gets bought, could signal bottom
[10:30] <+codehead> was planning to buy 730 :-/
[10:31] <+codehead> a bit too early for here on west coast
[10:31] <+codehead> wasn't up, didn't have order in place
[10:31] <+codehead> stuff look ok when i went to bed
[10:46] <+szubaark> Exited all Long ES at 741 --> - 3 «« paper »»
[10:46] <+szubaark> Shorts ES @ 741 «« paper »»
[10:47] <+szubaark> Slime
[10:47] <+szubaark> Covered all Short ES at 745 --> - 4 «« paper »»
[10:47] <+szubaark> Buys ES @ 745 «« paper »»
[10:47] <+rickf> careful szu
[10:47] <+szubaark> slime just did a whipsaw
[10:48] <+szubaark> tricky tricky action since open
[10:51] <+szubaark> damn took some big Stops so far
easy to go RED QUICK
[10:55] <+szubaark> Exited all Long ES at 744 --> - 1 «« paper »»
[10:55] <+szubaark> Shorts ES @ 744 «« paper »»
[10:55] <+rickf> market is going nowhere right now
[10:57] <+pat255> back ...big bars too ...need to be careful
[10:58] <+rickf> indeed
[10:58] <+rickf> in fact time for a workout and lunch - back later
[11:05] <winmax60> Shorts ES @ 742.5 -> small size «« simulator »»
[11:06] <+winmax60> Covered all ES Short @ 740.5 --> + 2 «« simulator »»
[11:10] <+szubaark> Covered all Short ES at 742.25 --> + 1.75 «« paper »»
[11:11] <+winmax60> Long ES @ 742.25 -> small size «« simulator »»
[11:13] <+szubaark> Shorts ES @ 741 «« paper »»
[11:13] <+pat255> vn szu
[11:14] <+winmax60> Exited all ES Long @ 740.25 --> - 2 «« simulator »»
[11:14] <+szubaark> thanx..
[11:21] <+szubaark> Covered all Short ES at 740.25 --> + 0.75 «« paper »»
[11:22] <+codehead> ES bounced a tick above .500 retracement
[11:25] <+winmax60> Long ES @ 741 -> small size «« simulator »»
[11:27] <+codehead> long ES 739.50 2c <paper>
[11:28] <+codehead> exit 1c +2.25<paper>
[11:29] <+szubaark> nice
[11:30] <+codehead> was getting a bit oversold, and .500 test was in, was going to look for exit under .500
[11:30] <+codehead> iffy day, could retest low, but likely get big bounces
[11:30] <+codehead> possible for bottom to be made (even if we see lower)
[11:31] <+codehead> stop 737.75 <paper>
[11:34] <+codehead> exit remainder +2.00 <paper>
[11:34] <+codehead> was going to gamble on bottom, but likely more ops either way
[11:37] <+codehead> momo hooking up a bit here
[11:37] <+szubaark> Shorts ES @ 740.75 «« paper »»
[11:40] <+codehead> k, now pretty clear--it's a lower high, so if we get under 738.50 head for retest try, or above 743.25
[11:40] <+codehead> potntial for a h&s if we get more down
[11:40] <+codehead> momo is up tho, for the moment
[11:40] <+szubaark> Covered all Short ES at 742.25 --> - 1.5 «« paper »»
[11:41] <+szubaark> Buys ES @ 743 «« paper »»
[11:41] <+szubaark> its choppin good for friday already
[11:41] <+codehead> we have upside gap, so at some point we see higher, whether today or whatever
[11:42] <+codehead> end of month too szu
[11:42] <+codehead> looking like up...
[11:42] <+szubaark> i paid price for being careless today.. got whacked for some big Stops at open
[11:42] <+codehead> here we go
[11:42] <+winmax60> Exited all ES Long @ 743.5 --> + 2.5 «« simulator »»
[11:43] <+szubaark> nice
[11:43] <+szubaark> 747 first brick Wall
[11:47] <+szubaark> Exited all Long ES at 745.75 --> + 2.75 «« paper »»
[11:52] <+codehead> that high... arg
[11:52] <+codehead> for some time today, i had sell order at 748.25
[11:52] <+codehead> the only short order i've had in today
[11:52] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[11:52] <+codehead> prolly would have filled, cuz it was form early
[11:52] <+codehead> the 760.25 low of the other night, to yesterday high, to today's low, bounce high leg same size at 748.25
[11:52] <+codehead> wave symmetry target
[11:53] <+codehead> wednesday lod (made just after cash close, before ES close
[11:53] <+codehead> thruday hod
[11:53] <+codehead> firday lod
[11:53] <+codehead> ab=cd at 748.25
[11:53] <+codehead> magic huh
[12:00] <+szubaark> Buys ES @ 747.25 «« paper »»
[12:10] <+szubaark> exit stop set ES @ 746 «« paper »»
[12:10] <+szubaark> Exited all Long ES at 746 --> - 1.25 «« paper »»
[12:11] <+szubaark> Shorts ES @ 746 «« paper »»
[12:13] <+szubaark> taking break after this trade as im taking every signal trying to make up my prior losses
[12:14] <+rickf> revenge trades?
[12:15] <+szubaark> yes..even my good signals i still have to pick em because of so many fakeouts in ES
[12:15] <+rickf>
[12:16] <+szubaark> i got carelss at Open (had a Bearish bias because of bearish Overnight) well of course they frikin creep it up
[12:17] <+rickf> dont force it ... if you're down and get downer, you'll get angrier and downer still
[12:17] <+rickf> remember i've quit trading down BIG some days
[12:17] <+szubaark> Friday are just tough because floor plays games due to lower volume, bastids
[12:18] <+szubaark> i heard the floor monkeys make all their money for the week on Fridays
[12:19] <+rickf> perhaps
[12:19] <+rickf> key is to avoid getting angry and emotional
[12:19] <+rickf> even when down
[12:19] <+rickf> or up
[12:20] <+szubaark> when im up im fine, i just dont like when im Down
[12:20] <+rickf> i'm the other way
[12:20] <+rickf> when i'm up i worry about when to exit if i am flying manual
[12:20] <+rickf> when i'm down i can exit and feel okay to be out of abad trade
[12:20] <+szubaark> some days market is just Textbook, its the days with Chop and whipsaw where i get killed
[12:21] <+szubaark> actually, Gap days are my worst trading days.. i need to Stop trading them or wait for 3-4 hours IF something develops
[12:22] <+rickf> i dont even look @ gaps fwiw saying
[12:22] <+szubaark> because u dont know if the Gap is Right or its gonna get faded
[12:23] <+szubaark> i just feel like i need to trade those gap days..I DONT HAVE TO
[12:24] <+rickf> why do u feel that? and don't say "because it's there..."
[12:24] <+szubaark> guess its a challange to see if i can trade as well on those days
[12:25] <+szubaark> but i need to think about the bottom line
[12:25] <+szubaark> Covered all Short ES at 747.25 --> - 1.25 «« paper »»
[12:25] <+rickf> might want to forgo the challenge until you work on the emotional side first? otherwise ya take the challenge, get zonked, get peeved, get zonked again, and it never ends??
[12:26] <+rickf> just thinkin aloud - take it as you will, buddy
[12:26] <+rickf> i sure dont have all the answers and make my own share of mistakes
[12:26] <+szubaark> yes i agree...
[12:27] <+szubaark> time for a break...this day is a TRAP and i walked right into it
)
[12:27] * szubaark is now known as szubaark_away
[12:32] <+rickf> back in a bit - lunch
[12:50] <+winmax60> Long ES @ 744.25 -> small size «« simulator »»
[12:56] <+winmax60> Exited all ES Long @ 744.5 --> + 0.25 «« simulator »»
[12:56] <+winmax60> Shorts ES @ 744 -> small size «« simulator »»
[12:59] <+winmax60> Covered all ES Short @ 745 --> - 1 «« simulator »»
[13:01] <+winmax60> Long ES @ 747.25 -> small size «« simulator »»
[13:02] <+winmax60> Exited all ES Long @ 748.75 --> + 1.5 «« simulator »»
[13:15] <+rickf> bak
[13:37] <+winmax60> Shorts ES @ 741.5 -> small size «« simulator »»
[13:38] <+winmax60> Covered all ES Short @ 739.5 --> + 2 «« simulator »»
[13:38] <+rickf> vn
[13:56] * szubaark_away is now known as szubaark
[13:58] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20[13:59] <+rickf> that drop down was i think because ge cut its dividend
[14:03] <+szubaark> Buys ES @ 748.75 «« paper »»
[14:06] <+szubaark> NQ green
[14:07] <+rickf> i'm sure it's a momentary fluke
[14:08] <+szubaark> ehh another fakeout
[14:08] <+szubaark> tough to make money in this
[14:08] <+szubaark> gonna give it some more room
[14:09] <+rickf> 749 is a hard ceiling right now it seems
[14:10] <+szubaark> they sold right into this spike..sneaky
[14:10] <+szubaark> Exited all Long ES at 746.25 --> - 2.5 «« paper »»
[14:10] <+szubaark> Shorts ES @ 746.25 «« paper »»
[14:11] <+rickf> long es 746,25
[14:11] <+rickf> 1 ct
[14:13] <+rickf> exit 47.25 +1
[14:14] <+szubaark> Bulls dont like convincing after we sold off after new high
[14:14] <+rickf> my charts say trend is up but get says down
[14:14] <+rickf> so i shall sit and wait
[14:30] <+rickf> long es 742 1ct
[14:33] <+rickf> out 42.25 +.25
[14:33] <+szubaark> Covered all Short ES at 742.50 --> + 3.75 «« paper »»
[14:34] <+rickf> buy limit 738 1 ct
[14:36] <+szubaark> Shorts ES @ 741 «« paper »»
[14:39] <+codehead> long ES 740.50 Stop 739.75 <paper>
[14:39] <+codehead> 740.25 is .500
[14:41] <+codehead> exit half +1.00 <paper>
[14:41] <+codehead> maintain stop of remainder
[14:43] <+codehead> exit 744.00 ES <paper>
[14:43] <+codehead> +3.50
[14:45] <+rickf> cxl buy lmt 738
[14:49] <+codehead> ES retraces have been going .500 today szu
[14:50] <+szubaark> Covered all Short ES at 745.25 --> - 4.25 «« paper »»
[14:50] <+szubaark> Buys ES @ 745.25 «« paper »»
[14:50] <+codehead> so tough shorting right in front of one
[14:53] <+rickf> short es 744.50 1ct
[14:54] <+szubaark> Im praying for a spike from hell in my direction so i can recup some of these losses
[14:56] <+szubaark> lets see if they do anything after 3pm
[14:58] <+szubaark> exit stop moved to breakeven ES @ 745.25 «« paper »»
[14:58] <+szubaark> Exited all Long ES at 745.25 --> 0 «« paper »»
[14:59] <+szubaark> what a way to start the weekend
[15:00] <+rickf>
[15:00] <+rickf> not even gonna ask
[15:00] <+szubaark> Shorts ES @ 744 «« paper »»
[15:01] <+rickf> exit es 742.50 +2
[15:01] <+szubaark> i had great week trading its just today i gave back 2-3 days of my Profits this week
(((((
[15:02] <+rickf> and today's been one of the better days for me ina while.
[15:02] <+rickf> yeesh
[15:02] <+szubaark> well, i had 4 Stoputs in a row at open, its been downhill ever since..i lost control
[15:03] <+szubaark> Covered all Short ES at 744 --> 0 «« paper »»
[15:03] <+szubaark> damn i hope we go up, my IRA needs it
[15:03] <+rickf> we all need it
[15:04] <+rickf> am torked that 2 but orders on an equity came with in 1c and 10c of firing this week
[15:04] <+rickf> market is teasing me
[15:04] <drt> l ym 27
[15:04] <+szubaark> u know they gonna close the gaps above just dont know when bastids gonna do it
[15:05] <+szubaark> Shorts ES @ 742 «« paper »»
[15:08] <+szubaark> exit stop moved to breakeven ES @ 742 «« paper »»
[15:11] <+drt> cl ym 90
[15:11] <+rickf> but limit 737 1 ct
[15:11] <+rickf> filled
[15:12] <+rickf> 80 points on the DJX from a 6-handle
[15:12] <+rickf> if that happens i guarantee retail folks will panic
[15:12] <+rickf> "take the 60% loss, at least I can save the remaining 40 -- but get me out now"
[15:12] <+rickf> exit es 738.25 +1.25
[15:12] <+szubaark> Covered all Short ES at 738.25 --> + 3.75 «« paper »»
[15:13] <+szubaark> "Everyone should have 401k"- Busch
[15:14] <+szubaark> baby boomers are doomed..homeless shelters gonna be packed
[15:14] <+rickf> grrr talk about an early exit ... knew that bouncd was gonna be there
[15:14] <+rickf> yeah
[15:14] <+rickf> 401k becomes 201k
[15:16] <+rickf> fun dinner reding tonight - berkshire's annual letter :|
[15:16] <+rickf> short es 737.50 1 ct
[15:18] <+szubaark> Shorts ES @ 736.25 «« paper »»
[15:19] <+rickf> exit 735.50 +2
[15:21] <+szubaark> Covered all Short ES at 736.25 --> 0 «« paper »»
[15:22] <+szubaark> Shorts ES @ 734.75 «« paper »»
[15:23] <+szubaark>
(
[15:25] <+rickf> long es 738 1ct
[15:25] <+szubaark> Covered all Short ES at 738.75 --> - 4 «« paper »»
[15:25] <+szubaark> Buys ES @ 738.75 «« paper »»
[15:25] <+szubaark> now Rocket 30+ points to upside would be nice
[15:26] <+rickf> out 39 +1
[15:27] <+szubaark> last trade for me,im just REVENGE trading
[15:28] <+rickf> i am done myself - did good trades today and not going to get greedily-stupid
[15:29] <+szubaark> maybe if i didnt do 4 stupid trades at open i would do better, but its been REVENGE trading ever since and digging deeper hole
[15:29] <+szubaark> + i got like $300 for broker food
[15:30] <+rickf>
((
[15:30] <+rickf> emotion gets ya every time
[15:30] <+rickf> wish we were all mr spocks
[15:30] <+szubaark> Exited all Long ES at 736.50 --> - 2.25 «« paper »»
[15:30] <+szubaark> got hammered good today
[15:33] <+rickf> sorry to see it
[15:34] <+szubaark> watch them EXPLODE now
[15:35] <+szubaark> yea my losing days are 2-4times my winning days.. thats what im working on
[15:35] <+szubaark> 2-4times bigger
[15:36] <+rickf> wow .. average C volume 227million, 1.5 billion moved today
[15:36] <+rickf> gl szu ... still trying to refine my system too
[15:36] <+szubaark> tight chop range days kill me
[15:36] <+szubaark> as those days have a lot of FAKEOUTS and WHIPSAWS
[15:37] <+szubaark> my signals that work on normal days get KILLED on Chop range days
[15:37] <+szubaark> thats why this crap is an Art
[15:37] <+szubaark> u got to know when to take your signals as well
[15:37] <+rickf> i'm just learning a hard lesson: if it doesn't look AND feel right, or if my gut doesn't match this tape (as a reflection of reality) i won't trade it (usually)
[15:38] <+rickf> plus good situational awareness
[15:38] <+szubaark> thats why patterns,indicators dont mean CRAP
[15:38] <+rickf> yep
[15:38] <+rickf> in fact right now i am not even using cci anymore
[15:38] <+szubaark> thats the EDGE everyone talks about..is knowing when to hold em when to fold em LOOOOL
[15:39] <+rickf> REALLY trying to focus on the candles and action, not the lag from indicators
[15:39] <+rickf> hehehe yeah
[15:40] <+rickf> and also anticipate - using more preset buy/sell points than before
[15:40] * +rickf set a buy limit/sell limit ... if things change, cancel it and reassess
[15:40] <+rickf> no chasing
[15:40] <+rickf> i admit that's really helped me out
[15:41] <+szubaark> most days preset S/R areas will Hold, but some days it will slice right thru them
[15:41] <+szubaark> im done..see you
[15:41] * szubaark is now known as szubaark_away
[15:41] <+rickf> cya
[15:45] <+rickf> ok done for day - have a good weekend, see you next week
[16:04] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @
viewforum.php?f=20Session Close: Fri Feb 27 17:39:53 2009
