Session Start: Thu Feb 19 09:29:51 2009
Session Ident: #futurestrades
[09:29] * Now talking in #futurestrades
[09:29] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[09:31] <kosmipt>
[09:31] <drt>
all[09:32] <Flow>
[09:33] <@NihabaAshi> Long ES @ 793.75 -> medium size
[09:33] <@NihabaAshi> 4 only
[09:33] <codehead> i have long order at 785.75
[09:34] <@NihabaAshi> Exited all ES Long @ 793.00 --> - 0.75
[09:35] <@NihabaAshi> Long ES @ 793.00 -> medium size
[09:35] <@NihabaAshi> 4 only
[09:37] <@NihabaAshi> Exited all ES Long @ 793.75 --> + 0.75
[09:41] <@NihabaAshi> Long ES @ 795.25 -> medium size
[09:41] <@NihabaAshi> 4 only
[09:44] <szubaark> Buys ES @ 796.50 «« paper »»
[09:45] <@NihabaAshi> Exited all ES Long @ 795.50 --> + 0.25
[09:59] <+szubaark> just bouncing up and down no direction
[10:00] <Flow> Shorts ES @ 794.5
[10:01] <rickf> long usd/cad @ 12515 (premarket)
[10:04] <+Flow> Covered all ES Short @ 795.5 --> - 1
[10:07] <@NihabaAshi> Killer tight range
[10:07] <+rickf> yeah
[10:07] <+rickf> i was going to readjust my chart periods to try and trade it but decided not to
[10:09] <+szubaark> this market is on a low Volatility CHop Range spree.. taking out everyone in its path
[10:10] <+rickf> after the holiday and tuesday's big down day, we need a breather
[10:10] <+rickf> besides tomorrow is options expiration
[10:12] <+codehead> i have first ES long 789.00 i'm looking to try
[10:14] <+rickf> question to the group -
[10:14] <+rickf> do you change chart period to trade/plan trades or do you just wait for a setup to occur on your existing intervals and just wait?
[10:14] <+rickf> i would wait (and am)
[10:15] <+szubaark> Exited all Long ES at 793 --> - 3.5 «« paper »»
[10:15] <+rickf> wow consolidating tight
[10:15] <+szubaark> Shorts ES @ 793 «« paper »»
[10:15] <+szubaark> i wanna be on it when it breaks
[10:16] <+rickf> assuming it breaks DOWN
[10:16] <+rickf>
[10:17] <+szubaark> Im increasing my Stops/Profit Targets due to this Chop
[10:18] <+szubaark> my Profits/Stops from last month NOT WORKING this month
[10:19] <+rickf> sheesh - i (mentally) adjust those things for each trade
[10:19] <+szubaark> well i figure we get 3-4 Chop range before each Breakout..it Chops then Pops
[10:20] <+rickf> you're braver man than me
[10:20] <+rickf> let me see the trend develop first -- otherwise i get killed in trying to anticipate
[10:21] <+szubaark> it was Chop so came the Pop
[10:22] <+szubaark> we havent had a trend day in a while now..its been all sneaky Range days
[10:22] <+szubaark> Trend traders must be on Vacation
[10:23] <@NihabaAshi> Shorts ES @ 790.00 -> small size
[10:23] <@NihabaAshi> 3 only
[10:23] <@NihabaAshi> intuition
[10:24] <@NihabaAshi> ES trying hard to find a support here
[10:26] <@NihabaAshi> 787.50 is a good target if it picks up volatility
[10:26] <+rickf> buy limit es 787.50
[10:27] <@NihabaAshi> Covered all ES Short @ 789.75 --> + 0.25
[10:28] <+rickf> cxl buy limit
[10:29] <@NihabaAshi> Long ES @ 790.00 -> medium size
[10:29] <+szubaark> market already in Chop
[10:29] <@NihabaAshi> 4 only
[10:30] <+rickf> long es 790.50
[10:30] <+codehead> btw, called 789.00 earlier--i pulled that order when it did a small bounce at 789.25 and came back down, didn't want it on the 2nd test because it was scalp only
[10:30] <+rickf> yeah you had right idea
[10:33] <+rickf> out 90.50 b/e
[10:34] <+codehead> my next long try at 786.75 ES
[10:34] <+szubaark> Entries need to be Precise in this type of market
[10:34] <@NihabaAshi> Exited ES Long @ 789.00 --> - 1
[10:34] <@NihabaAshi> Reverse and Enter Short ES @ 789.00
[10:35] <+szubaark> 787 Target
[10:36] <+szubaark> Ill need one of those quick spikes to downside
[10:37] <@NihabaAshi> Covered all ES Short @ 787.50 --> + 1.5
[10:39] <+rickf> long es 788
[10:39] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[10:42] <+codehead> my order didn't fill at 786.75, so i pulled it--might be ok on 2nd test but less of a sure thing
[10:42] <+codehead> 786.75 was .500 retracement, so far we held that
[10:42] <+szubaark> yea i didnt get filled 787..missed by 1 tick..waiting for another test
[10:43] <@NihabaAshi> Nearly 5 million getting unemployment benefits...wow
[10:43] <@NihabaAshi> http://news.yahoo.com/s/ap/20090219/ap_ ... fi/economy
[10:43] <+rickf> out 789.25 +1.25
[10:43] <+rickf> still looking higher
[10:48] <+szubaark> gezz missed my target by 1 tick now i need to sit thru this retrace
(([10:48] <pdays> Long TF @ 423.9
[10:48] <+pdays> Exited all TF Long @ 424.2 --> + 0.3
[10:49] <+rickf>
-- errands and gym [10:49] <+szubaark> moving target to 787.25 1 TICK
[10:53] <+szubaark> Covered all Short ES at 787.50 --> + 5.5 «« paper »»
[11:00] <+codehead> crude hard rebound
[11:02] <@NihabaAshi> Long ES @ 788.00 -> small size
[11:02] <@NihabaAshi> 2 only
[11:02] <+codehead> oil inventories--sold off into it, then got a surpise
[11:03] <@NihabaAshi> Exited all ES Long @ 790.00 --> + 2
[11:09] <+codehead> short ES 792.00 2c <paper>
[11:11] <+codehead> exit ES +.25 <paper>
[11:11] <+codehead> hm, still ok
[11:13] <+codehead> iffy, went 2 ticks past .618 and having trouble pulling back
[11:13] <+codehead> and oil popping
[11:32] <+Flow> Shorts ES @ 789.5
[11:42] <+codehead> long 1c 787.25 <paper> stop 785.75
[11:43] <+Flow> Covered all ES Short @ 787.25 --> + 2.25
[11:43] <+codehead> stopped -1.50 ES 1c <paper>
[11:47] <+codehead> long 1c ES 785.50 <paper>
[11:48] <+codehead> this one is no set stop, trying something so it's a separate trade form any others
[11:48] <+codehead> 784.25 is .618
[11:48] <+codehead> likely to hit that
[11:52] <+codehead> add 1c 785.50 so i can manage it <paper>
[11:52] <+codehead> first target 791
[11:53] <+codehead> sell order 790.50 for half
[11:54] <@NihabaAshi> Long ES @ 785.75 -> small size
[11:54] <@NihabaAshi> 2 only
[11:57] <@NihabaAshi> Exited ES Long @ 785.25 --> - 0.5
[11:57] <@NihabaAshi> Reverse and Enter Short ES @ 785.25
[11:57] <+codehead> .618 hit
[11:57] <+codehead> 783.50 a wave target
[11:58] <@NihabaAshi> Shorts ES @ 784.25 -> Add
[12:02] <@NihabaAshi> Covered all ES Short @ 783.75 --> + 2
[12:09] <+codehead> looking for bounce to 786.75 possibly, but overall targets downside still
[12:26] <@NihabaAshi> Shorts ES @ 782.25 -> small size
[12:27] <@NihabaAshi> 2 only
[12:34] <@NihabaAshi> Covered all ES Short @ 782.00 --> + 0.25
[12:34] * NihabaAshi is now known as NihabaAshi_lunch
[12:42] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[12:53] <winmax60> Long ES @ 784 -> small size «« simulator »»
[12:54] <+winmax60> Exited all ES Long @ 784.25 --> + 0.25 «« simulator »»
[12:59] <+szubaark> Shorts ES @ 784 «« paper »»
[13:07] <+szubaark>
[13:13] <+codehead> exited ES +1.00 in sim, just noticed
[13:13] <+codehead> prolly still godo on the time frame it was taken, but it went enough against that i no longer want to watch it
[13:14] <+codehead> next target 790.50
[13:14] <+szubaark> Resistance here..needs to hold
[13:16] <+codehead> 786.50 is a target, however, so pb no unlikely before higher
[13:17] <+codehead> k, broke it by 2 ticks... 3-4 tick counts as actually break of level, so shorts will still be trying to turn it back here, and longs profit taking
[13:17] <+codehead> that's why it's stalling
[13:17] <+codehead> k, we should go higher now
[13:17] <+codehead> 790-790.50 next
[13:25] <+szubaark> amazing runup..straight down now straight up
[13:35] <jbuch> afternoon everyone
[13:35] <+szubaark> hi
[13:35] <+jbuch> how you doing today szu
[13:35] <+szubaark> up so far but that can change Quick
[13:36] <+jbuch> same here on both counts
[13:54] <Sidhartha> Shorts ES @ 785.5 «« simulator »»
[13:57] <+Sidhartha> Covered Remainder ES Short @ 783.5 --> + 2 «« simulator »»
[13:58] <+szubaark> nice
[14:08] <+drt> s ym 11
[14:15] <+drt> cs ym 90
[14:25] <+jbuch> have a good day all
[14:36] <+szubaark> Covered all Short ES at 784 --> 0 «« paper »»
[14:36] <+szubaark> Chop here
[14:36] <+drt> s ym 88
[14:38] <+winmax60> Long ES @ 783.75 -> small size «« simulator »»
[14:41] <+winmax60> Exited all ES Long @ 783.75 --> 0 «« simulator »»
[14:42] <+szubaark> Shorts ES @ 783 «« paper »»
[14:43] <+szubaark> trying to catch the next Pop before the Chop
[14:44] <+winmax60> Shorts ES @ 782.25 -> small size «« simulator »»
[14:44] <+drt> cs ym 71
[14:45] <+winmax60> Covered all ES Short @ 781.25 --> + 1 «« simulator »»
[14:45] <+szubaark> exit stop moved to breakeven ES @ 783 «« paper »»
[14:45] <+szubaark> in case it starts to Chop again before next POP
[14:48] <+szubaark> Covered all Short ES at 782 --> + 1 «« paper »»
[14:48] <+szubaark> taking too frikin long
[14:48] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
[14:59] <+drt> s ym 93
[15:04] <+drt> cs ym 95
[15:11] <+szubaark> Shorts ES @ 780 «« paper »»
[15:13] <+szubaark> Covered all Short ES at 778.75 --> + 1.25 «« paper »»
[15:35] <+rickf> bak
[15:36] * NihabaAshi_lunch is now known as NihabaAshi
[15:40] <+codehead> long 1c ES 776.00 <paper> overnight, testing a signal
[15:40] <+codehead> i have real order for buy at target, 773.25
[15:42] <+codehead> if low hold here, first target 780.75
[15:44] <+codehead> exit ES +3.50 <paper>
[15:45] <+codehead> stalling at 780.00
[15:45] <+codehead> oh well, at first target now
[15:48] <+codehead> next downside, 773.25 (i have order), upside 784.75
[15:48] <+codehead> but has to break channel for upside
[15:49] <+codehead> broke channel
[15:54] <+szubaark> failed breakout
[15:59] <@NihabaAshi> Shorts ES @ 778.25 -> small size
[15:59] <@NihabaAshi> 1 only
[16:02] <+codehead> long 1c ES 776.50 <paper>
[16:03] <+codehead> actual order still 773.25, but again testing signal
[16:03] <@NihabaAshi> Covered ES Short @ 775.75 --> + 2.5
[16:06] <+codehead> exit ES +1.25 <paper>
[16:06] <+codehead> downside target not hit yet
[16:15] <+rickf> still in my USD/CAD trade from this morning, going to let it ride overnight
[16:15] <+rickf> stop set at +30 pips, will move as needed
[16:32] <@NihabaAshi> Take care all and see all tomorrow
[16:32] * NihabaAshi is now known as NihabaAshi_away
[16:36] <+rickf> see you all later
[16:54] <@X> #FuturesTrades Info -> Archived trade posting chat logs have a new location. They are now stored @ viewforum.php?f=20
Session Close: Thu Feb 19 16:57:56 2009